News

The biggest temporary employment agency Adecco has reported net loss of 147 million euros as sales continue to decline because fewer companies are hiring.



Adecco's business in France, the biggest single market making up about 30% of revenue, continued to decline and about 2,000 jobs were shed in the quarter. An additional 350 jobs will be eliminated and 100 branches merged this year in France.



The management is planning to initiated further restructuring measures such as the integration of its Spain-based subsidiary Alta Gestion into Adecco Iberia. According to the Group, this "will lead to headcount reductions".