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World – Kelly Services reports marked decline in operating income during Q3

6 November 2014

US-based recruitment firm Kelly Services (KELYA: NSDQ) reported revenue for the third quarter ending 30 September 2014 of USD 1.4 billion, an increase of +3.8% compared with USD 1.3 billion during the same period last year.Gross profit for the period rose by +2.2% to USD 225.4 million, up from US...


Japan – Temp Holdings reportedly buying Panasonic’s staffing unit

6 November 2014

Japanese staffing firm Temp Holdings (2181: JP) is reportedly buying a majority stake in Panasonic Excel Staff, the staffing segment of electronics giant Panasonic, reports asia.nikkei.com. For an estimated JPY 10 billion (USD 87.2 million), Temp Holdings intends to acquire 66% of the shares...


World – Monster announces leadership change as CEO steps down

6 November 2014

Following the release of Monster Worldwide Inc’s (MWW: NYSE) Q3 2014 financial report on Tuesday, the company announced that Salvatore Iannuzzi stepped down as  Chief Executive Officer and President with immediate effect.Monster reported that operating income during the third quarter dropped...


China – Recruit Holdings joins venture capital fund to invest in start-ups

6 November 2014

Japanese staffing giant Recruit Holdings (6098: JP) has teamed up with Tokya-based venture capital fund Infinity Venture Partners to invest in promising start-ups in China, reports Nikkei Report. Infinity has experience investing in online companies, both domestically and in China. It recent...


Asia – APSCo appoints Managing Director of regional operations

6 November 2014

The Association of Professional Staffing Companies (APSCo) today announced the appointment of Gaulbert Pereira to the position of Managing Director of APSCo Asia, in a move which will further strengthen the trade association’s offering in the region.Mr Pereira has held a number of senior position...


World – Monster reports sharp drop in income during Q3

5 November 2014

Global job board Monster Worldwide Inc. (MWW: NYSE) yesterday reported revenue of USD 191.1 million for the third quarter ending 30 September 2014, a decrease of -2.8% compared with USD 196.8 million last year.Operating income for the period fell sharply by -76.6% to USD 3.3 million, down from US...


China – Industrial action doubles in a year

5 November 2014

The number of strikes in China during the first three quarters of 2014 increased by +101% compared to the same period last year, according to the China Labour Bulletin (CLB), the first free trade union in China, founded during the riots in Tiananmen Square and now based in Hong Kong, re...


Singapore – Increase in foreign workers using false credentials to get work passes

5 November 2014

Singapore’s Ministry of Manpower (MOM) prosecuted an estimated 150 foreign workers between 2012 and the first half of this year for providing false credentials, according to Manpower Minister Tan Chuan-Jin, reports The Straits Times. All were jailed, had their work passes revoked, and were b...


New Zealand – Employment growth outpaces strongest population growth in a decade

5 November 2014

Rising employment is more than keeping pace with New Zealand’s growing population, with unemployment falling to 5.4%, according to Statistics New Zealand, reports business.scoop.co.nz. Diane Ramsay, Manager of Labour Market and Household Statistics at Statistics New Zealand, commented: “Due...


Japan – JTec Corp reports operating loss during H1

4 November 2014

JTec Corp. (2479: JP), the Japanese staffing firm, reported revenue for six months ending 30 September 2014 of JPY 1.6 billion (USD 14.1 million), a decrease of -1.6% from JPY 1.7 billion (USD 15 million) during the same period last year.The company incurred greater costs of JPY 1.3 billion (USD...