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Adecco confident as firms hire again

ADECCO yesterday said it had gained confidence that the staffing industry will recover despite experiencing an “exceptionally tough” 2009.

The Swiss-based group reported a pick up in demand for workers during the latter quarter of 2009 and the first two months of 2010, with North America and France reporting the biggest improvement.

“I am pleased to say that we have managed the downturn very proactively. We made the necessary cost reductions and structurally changed our branch network and delivery models,” said Adecco’s chief executive Patrick De Maeseneire.

Adecco posted €14.8bn (£13.4bn) in global income for the year, marking a 26 per cent drop from 2008 when revenue levels came in at €20bn. Gross profits were €2.6bn.