China – Renrui Human Resources issues profit warning

Renrui Human Resources Technology Holdings Ltd. (6919:HKG), a staffing firm based in Chengdu, China, announced Friday that it expects revenue for the year ended 31 December 2022 to be down from last year, and the company plans to report a loss amid China’s efforts to fight Covid-19.

Renrui expects 2022...

Japan – Nisso Corp. net sales rise 17.9% year over year

Nisso Corp. (6569:TYO), a Yokohama, Japan-based staffing firm, reported net sales rose 17.9% year over year to JPY 67.20 billion (USD 509 million) in the first nine months of  fiscal 2023, which ran from 1 April 2022 through 31 December 2022.

Nisso noted net sales to businesses related to the auto...

India – Job index up 2% in January despite decline in IT hiring

The Indian job market continued to show resilience and stability, according to the Naukri JobSpeak job index. It rose 2% year over year to an index level of 2,762 in January.

Naukri reported the 2% growth is noteworthy as it has been recorded despite a 25% decline in IT sector hiring. The dip in IT sector...

Australia – NES Fircroft acquires scientific/technical staffing provider

NES Fircroft, a UK-headquartered staffing firm supplying engineers and technical staff globally, acquired Evolve Scientific Recruitment, a scientific and technical recruitment firm in Australia.

“We are very pleased to welcome Evolve to the NES Fircroft team,” NES Fircroft Managing Director Matt Underhill...

Japan – TechnoPro Holdings revenue up 11.3% in fiscal Q2, cites demand for engineering dispatch

TechnoPro Holdings Inc. (6028:TYO), a Tokyo-based provider of engineering staffing, reported Friday that revenue rose 11.3% year over year to JPY 49.8 million (USD 377 million) in its fiscal second quarter ended 31 December.

Demand for engineering dispatch exceeded pre-pandemic levels despite the uncertain...

India – Quess Corp. revenue up 21% in Q3; general staffing revenue rises 24%

Quess Corp. Ltd. (QUESS:NSI), the Bangalore, India-based provider of staffing and managed outsourcing services, reported revenue from operations rose 21% year over year in its fiscal third quarter ended 31 December. Total revenue from operations was INR 44.66 billion (USD 539.4 million).

General staffing...

Philippines – Government to file case against recruitment firms following murder in Kuwait (Manila Bulletin)

The Philippines Department of Migrant Workers plans to file a recruitment violation case against two recruitment firms that facilitated sending contingent worker Jullebee Ranara to Kuwait, the Manila Bulletin reported. Ranara was found burned and dead in the Kuwait desert on 21 January, and the suspect...

India – Job growth in IT sector down by 25% (Business Standard)

Job growth in India’s IT sector has fallen by 25%, according to data from Naukri.com and reported by the Business Standard. Hiring intent fell across both IT giants and unicorns, though trends at startups remains stable as compared to last year. Hiring of new workers is seeing the biggest slump.

Singapore – Employment rises by 254,000 year over year

Singapore ended 2022 with employment up by 254,000 year over year to nearly 3.90 million, according to the Singapore Ministry of Manpower.

Employment rose by 52,000 jobs in the fourth quarter following increases of 83,400 in the third, 71,100 in the second and 47,400 in the first.

Singapore’s unemployment...

Australia – Ashley Services Group to acquire provider of seasonal workers

Ashley Services Group Ltd. (ASH:ASX), a labour hire firm based in Sydney, Australia, agreed to acquire Owen Pacific Workforce Pty. Ltd., a provider of seasonal workers to the Australian horticultural industry. Owen Pacific’s workers are predominantly sourced from Tonga and Vanuatu.

The acquisition price...