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Westaff, Select extend acquisition talks

January 15, 2009

Westaff Inc. (NASD: WSTF) and Koosharem Corp., the holding company of Select Staffing, agreed to extend talks over Koosharem's offer to buy Westaff. An exclusive negotiating period between the two companies announced last month was set to end Wednesday, but Westaff announced today that talks wi...


CareerBuilder survey - healthcare holds up

January 15, 2009

Healthcare remains a bright spot in the employment picture, according to a survey by CareerBuilder.com. It found that 17% of large U.S. healthcare employers (those with 50 or more employees) plan to increase the number of full-time workers in the New Year, 67% plan on making no changes and 16%...


Beige Book reports layoffs, hiring freezes

January 15, 2009

Most Federal Reserve Districts reported weakening labor market conditions and layoffs, according to the latest U.S. Federal Reserve Beige Book report released Wednesday. Several districts also cited hiring freezes. And the Richmond VA district reported weaker demand for temporary workers. A num...


Jobless claims rise again

January 15, 2009

The number of initial jobless claims rose again the week of Jan. 10 after edging down the two previous weeks, according to numbers released today by the U.S. Department of Labor. Initial jobless claims increased 11.5% to 524,000 in the week ended Jan. 10, compared with the previous week, accordin...


Fortune revenue falls, but now a pure-play PEO

January 15, 2009

Fortune Industries Inc. (AMEX: FFI) on Thursday reported a decline in revenue and an increase in net income for its fiscal first quarter ended Nov. 30. But it's now moving forward as a pure-play professional employer organization. The Indianapolis-based company sold its subsidiaries in the wire...


Google cuts down on recruiters

January 15, 2009

Google Inc. said it's doing away with 100 recruiting positions internally, and was already in the process of winding down contracts with outside vendors that provide recruiting, according to a corporate blog. The Internet search giant said it's hiring fewer people because of the slow economy. For...


Research from Staffing Industry Analysts

January 15, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Economic indicators update *Economic indicators still decidedly recessionary*But slight improvement in December*Unemployment claims improve unexpectedly


Temp cuts, hirings

January 14, 2009

Among companies recently announcing large cuts in temporary workers were Cummins Inc., Pilgrim's Pride Corp. and Advanced Innovations Central. However, a news report said the Republic Bank & Trust Co. plans to bring in 400 temporary workers. Cummins, a Columbus IN-based manufacturer of engines,...


Sanford Barrows buys accounting staffing firms

January 14, 2009

Sanford Barrows Group, a Hollywood FL-based staffing firm, acquired the Accountants Search and Accountants Express staffing firms. The buy helps expand Sanford Barrows' reach into Palm Beach and Broward counties. It will give the company 52 internal employees and more than $6.5 million in annual...


1st Choice acquires Staff Right

January 14, 2009

Atlanta-based staffing firm 1st Choice Staffing acquired Staff Right Inc., according to an announcement Tuesday by investment banking firm Houlihan Smith & Co. Inc. Staff Right provides industrial and office/clerical staffing, and has offices in Dallas, Houston and McKinney TX. Terms of the dea...