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Netherlands – Staffing firms report lower revenues

30 October 2012

Uncertain economic conditions have taken its toll on some of Europe’s largest staffing markets, including the Netherlands where temporary billings continued to fall in September and October.

Data from the Dutch association of employment agencies (ABU) today show that the number of hours worked by temporary staff in the four weeks to 7 October fell by -4%. Staffing companies also reported lower sales figures in the period as revenue was down by -3% when compared to a year ago.

USG People, the second-largest recruiter in the Netherlands, last week reported that demand for staffing services declined with total revenue falling by -12% in the third quarter of the year. Similarly, market leader Randstad saw quarterly revenue plunge by -6% and the firm has taken steps to reduce costs and cut jobs in the country. 

Several sectors have been hit by the decline. For months the medical sector has seen falling demand. Last month, revenue declined by -14% in this segment while hours decreased by -17% year-on-year.

The administrative sector also reported that revenue declined by -2% and hours fell by -3%. In the industrial sector, staffing revenues fell -3% while hours decreased by -5%. There was no good news for the technical sector with both revenue and hours decreasing by -5% and -6% respectively.

A recovery of the Dutch staffing market is not anticipated until 2013. Staffing Industry Analysts recently revised its market forecast for the Netherlands down to -5% this year after the economic environment shaped up worse than expected in 2012.

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