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Randstad to cut staff in France

January 9, 2009

Randstad Holding NV, one of the largest staffing firms in the world, said today it plans to cut 489 full-time positions in France and close 85 branches. The reduction is expected to cost euro25 million (US$34.1 million), but save that same amount annually. The company said it had already planned...


Contract worker cuts - Schlumberger, Protective

January 9, 2009

Companies laying off contract workers include Schlumberger Ltd. and Protective Products of Amercia, according to news reports. The Associated Press reported that Schlumberger Ltd., a Houston-based oilfield services company, plans to lay off 1,000 of its 19,000-member North American workforce with...


Tough economy sends Pasona revenue down

January 9, 2009

Tokyo-based staffing firm Pasona Group Inc. reported today that revenue fell 2.9% year-over-year to 116.09 billion yen (US$1.22 billion) in the first six months of its fiscal year amid difficult economic conditions. Revenue fell 4.3% in its temporary and direct hire staffing business to 105.16...


Randstad to cut staff in France

January 9, 2009

Randstad Holding NV, one of the largest staffing firms in the world, said today it plans to cut 489 full-time positions in France and close 85 branches. The reduction is expected to cost euro25 million (US$34.1 million), but save that same amount annually. The company said it had already planne...


Tough economy sends Pasona revenue down

January 9, 2009

Tokyo-based staffing firm Pasona Group Inc. reported today that revenue fell 2.9% year-over-year to 116.09 billion yen (US$1.22 billion) in the first six months of its fiscal year amid difficult economic conditions. Revenue fell 4.3% in its temporary and direct hire staffing business to 105.16 bi...


Spherion worker confidence index hits low

January 9, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index hit a new low in December, falling to a reading of 40.4 from a reading of 42.0 in November. The index's survey found that 33% of U.S. workers planned to look for a new job in the next year compared with 35% in November. It also found that 75%...


TSR revenue slips 12.9%

January 9, 2009

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, said Thursday that revenue fell 12.9% to $11.5 million in its fiscal second quarter ended Nov. 30. And the company said economic conditions will likely affect earnings for the remainder of its fiscal year. "The de...


Spherion worker confidence index hits low

January 9, 2009

Spherion Corp.'s (NYSE: SFN) employee confidence index hit a new low in December, falling to a reading of 40.4 from a reading of 42.0 in November. The index's survey found that 33% of U.S. workers planned to look for a new job in the next year compared with 35% in November. It also found that 7...


Leading index up, but still recessionary

January 9, 2009

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 26.8% in the week ended Jan. 2; it had contracted 28.7% in the prior period. The index level is now 109.4. "While [weekly leading index] growth has inched up over the past four...


Average of jobless claims falls 4.9%

January 8, 2009

The four-week moving average of seasonally adjusted initial jobless claims fell 4.9% to 525,750 in the week ended Jan. 3 from the previous week's revised average of 552,750, the U.S. Department of Labor reported today. In addition, the advance figure for seasonally adjusted initial unemploymen...