Daily News

View All News

Netherlands – Staffing company bankruptcies and share prices up in 2013

03 January 2014

Editors at the staffing publication, Flexmarkt, have been reviewing the fortunes of the Dutch staffing market in 2013. Last year proved to be challenging for the industry with a reported 17 staffing companies filing for bankruptcy in December. This increased the total number of claims in 2013 to 250, more than 20 per month. The lower number in December is the result of the Christmas period although the second half of the year has seen fewer staffing firms file for bankruptcy per month.

Despite the fragility of the industry, Randstad saw its share price rise by the greatest percentage on the AEX, Amsterdam Exchange Index. The company’s share price rose by nearly +70% following strong growth, especially in the second half of the year. USG People’s share price rose by +60% in 2013 while Brunel increased its value by +20%.

These figures are encouraging as an improvement in the staffing market often foreshadows an upturn for the wider Dutch economy. Staffing Industry Analysts expects the Dutch staffing market to improve in 2014 after a -7% decline in the market during 2013.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*