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The Italian staffing market has not been left unaffected by the European slowdown with temporary billings falling further in the month of July, new statistics by the bilateral organisation for temporary labour (Ebitemp) show.
Staffing firms are using fewer workers as in July, the number of temporary workers dropped to 256,000 from 278,000 a year ago, seeing a reduction of nearly 8%.
Hours worked in the temporary staffing industry also fell by -9.5% year-over-year with the average number of hours worked declining by -1.7% per worker. Salaries in the sector were hit by the slowing activity and dropped by -10.1% when compared to a year ago, the organisation reported.
Difficult economic conditions have impacted staffing services across Europe with countries such as Belgium, France and the Netherlands continuously reporting of slower trading.
This has led Staffing Industry Analysts to revise its market forecast for European countries – Italy is now expected to see a -3% fall of market growth in 2012, following on from an original forecast of 15%.
The Italian staffing market was worth around €5.8 billion in 2010 and the industry is made up of three key components – generalist firms, which represent 96% of the market, research & selection companies (3.5%) and outplacement agencies (0.5%) or a combination of these. Adecco is the market leader with around 15% market share while the top five firms make up 56% of the entire Italian staffing industry.