Adia in France has informed the works council of further headcount reductions
Zurich, Switzerland, June 17, 2009: Adecco Group, the worldwide leader in HR services, today announces that Adia, a subsidiary of Adecco Group in France, has informed the works council of Adia of its plans to further adjust the cost base to the current market environment. As a consequence, Adecco Group in France plans to reduce headcount within the Adia business by around 350 employees (Full Time Equivalents, FTEs) by the end of 2009.
The management of the Adecco Group remains firmly committed to a proactive, cost-focused approach in order to protect profitability in the current challenging market environment.
Given the regulatory framework in France, which requires consultation with the French works councils, Adia, a subsidiary of Adecco Group France, today informed the works council of Adia of its plans to further reduce headcount within Adia by approximately 350 employees (FTEs) by the end of December 2009. The Adia branch network and its organization in France will be structurally optimized by merging around 100 branches. The costs associated with the reorganisation at Adia are estimated to be EUR 25 million. The local management in France is committed to continue the social dialogue with trade unions and the French works councils.
The local French release can be downloaded at www.adecco.fr.
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About the Adecco Group
The Adecco Group, based in Zurich, Switzerland, is the world's leading provider of HR solutions. With over 31,000 FTE employees and 6,000 offices, in more than 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting more than 500,000 colleagues with over 145,000 clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. The Adecco Group is a Fortune Global 500 company.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) with listings on the SIX Swiss Exchange (ADEN) and on Euronext in France (ADE).