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Spherion revenue slips 12.7%, posts loss

February 5, 2009

Fourth-quarter revenue fell 12.7% at Spherion Corp. (NYSE: SFN) to $507.5 million from $581.6 million in the fourth quarter the previous year. The Fort Lauderdale FL-based staffing firm also reported a net loss of $126.2 million, compared with net income of $9.8 million in the year-ago quarter. P...


Spherion revenue slips 12.7%, posts loss

February 5, 2009

Fourth-quarter revenue fell 12.7% at Spherion Corp. (NYSE: SFN) to $507.5 million from $581.6 million in the fourth quarter the previous year. The Fort Lauderdale FL-based staffing firm also reported a net loss of $126.2 million, compared with net income of $9.8 million in the year-ago quarter....


Execs say demand for talent will rise

February 5, 2009

More than three quarters (77%) of executives surveyed by Korn/Ferry International Inc. (NYSE: KFY) say demand for talent will increase more in the next five years than in the previous five. In addition, 52% predicted a recovery in 2009 with 35% saying it will be the second half of the year before...


Atlanta-area staffing firm changes name

February 5, 2009

Angelyn Staffing Inc., a staffing firm with two offices in Georgia, has taken on the name of its parent company, The Reserves Network. The name change comes as a result of The Reserves Network's acquisition of Angelyn Staffing in June 2008. "This is a sign that our transitioning into The Reserv...


SThree revenue rises 20.8%

February 4, 2009

SThree PLC, a London-based staffing firm, said revenue rose 20.8% to GBP631.5 million (US$971.1 million) in its fiscal year ended Nov. 30. The company said permanent placements rose by 7.0% to 10,236, and the number of active contractors rose by 1.5% to 5,745. In addition, the company opened five...


SThree revenue rises 20.8%

February 4, 2009

SThree PLC, a London-based staffing firm, said revenue rose 20.8% to GBP631.5 million (US$971.1 million) in its fiscal year ended Nov. 30. The company said permanent placements rose by 7.0% to 10,236, and the number of active contractors rose by 1.5% to 5,745. In addition, the company opened fi...


Synergie says revenue up 1%

February 4, 2009

Synergie SA, a Paris-based staffing firm with operations in Europe and Canada, said revenue rose 1% to euro1.2 billion (US$1.69 billion) in 2008. The increase was 2.5% in constant currency. Synergie said its outplacement division's revenue rose 39.5% in 2008. It also acquired Dutch staffing firm...


Radia Holdings CEO steps down

February 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, said its representative director and CEO Takeo Isaji has resigned for personal reasons. Charles Abadie, representative director and chairman, will take on the CEO role as well. Abadie is the former president and...


ADP report - U.S. loses 522,000 jobs

February 4, 2009

The U.S. lost 522,000 private-sector nonfarm jobs from December to January on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). It also revised upward the number of jobs lost between November and December by 34...


Westaff expects full-year decrease of 26.2%

February 4, 2009

Westaff Inc. (NASD: WSTF) expects to post revenue of $324.5 million for fiscal year 2008, a decrease of approximately 26.2% from fiscal year 2007, according to a filing with the U.S. Securities and Exchange Commission. It also said it expects to post a net loss of approximately $46.3 million fo...