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After staffing firms such as ManpowerGroup recently reported sharp revenue declines in Italy in the second quarter of the year, new data confirms the Italian staffing market is experiencing an ongoing slowdown as temporary billings decline.
Tougher economic conditions have impacted staffing services across Europe and the latest statistics show that the average number of agency workers in Italy decreased by -8. 6% in May 2012. In the month this figure was down to 245,000 compared to 268,000 a year ago, following on from a decline already seen in April.
This is according to the bilateral organisation for temporary employment representing employers' associations and unions (Ebitemp) which also reports a reduction in the hours worked by agency staff. In May, this figure declined by a total of -7.7% to around 24.6 million. However, the hours worked per employee actually rose by an average of +1%.
Ebitemp also reported that, in May, the share of temporary workers in relation to the overall employment figure was 1.06%.
Italy is a key market for the European staffing landscape and the combined value of the Italian staffing market was worth around €5.8 billion in 2010, according to Staffing Industry Analysts’ research.
The staffing market in the country 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.