Adecco (NYSE:ADO)
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From May 2019 to May 2024
In advance of the Minnesota state unemployment report
Adecco (NYSE:ADO), the staffing industry's market leader in the U.S.
and the world, today announced it is seeing a sizeable increase in
demand for temp-to-hire machine operators and device assembly workers
in Minnesota's manufacturing sector as well as for call center
positions in the telecommunications industry. This is one of many
areas across the country where Adecco is responding to a growing need
for contingent workers from employers in a variety of industries.
Deb Nettesheim, Adecco area director in Minneapolis, says,
"Typically, the fourth quarter is a busy time of year for
manufacturing and distribution because it leads into the busy holiday
buying season, but this year brought some unforeseen events and
conditions that have led to an even greater demand for permanent and
temporary manufacturing workers."
Nettesheim elaborated on the greater manufacturing worker demand,
saying, "Hurricanes Katrina and Rita spurred a massive need for power
generators, which are being manufactured here in Minnesota, causing
some plants to significantly increase their workforce." Nettesheim
also points out that some out-of-state manufacturers have closed
plants elsewhere and consolidated throughout Minnesota, a state known
for its robust manufacturing industry.
For those seeking permanent employment, Nettsesheim says many
manufacturers Adecco works with are asking for temp-to-hire candidates
who can enter the client company on a temporary basis with the
understanding they may be hired directly by the company upon review.
"These manufacturers make a sizeable investment in training the
workers we provide them, so in order to retain and implement the
knowledge passed on during training, they are looking for workers who
are interested in becoming the company's employees."
Adecco has also responded to telecommunications industry demand
for call center workers throughout the state.
Adecco releases its Where the Jobs Are report in advance of the
state unemployment reports to provide more depth and breadth to the
employment picture in selected regions. The report is based on
interviews with Adecco recruiters across the country and consists of
press releases that report on hiring trends in regions experiencing
employment growth. The trends in these regions are not intended to be
indicators of nationwide trends.
Forward-Looking Statements
Information in this release may involve guidance, expectations,
beliefs, plans, intentions or strategies regarding the future. These
forward-looking statements involve risks and uncertainties. All
forward-looking statements included in this release are based on
information available to Adecco S.A. (the "Company") as of the date of
this release, and we assume no duty to update any such forward-looking
statements. Factors that could affect the Company's forward-looking
statements include, among other things: global GDP trends and the
demand for temporary work; changes in regulation of temporary work;
intense competition in the markets in which the Company competes;
changes in the Company's ability to attract and retain qualified
temporary personnel; the resolution of US state unemployment tax
reviews; the resolution of a French anti-trust investigation; the
resolution of the US class action litigation and remaining regulatory
inquiries relating to the 2003 financial reporting delay; and any
adverse developments in existing commercial relationships, disputes or
legal proceedings.
The forward-looking statements in this release are not guarantees
of future performance and actual results could differ materially from
our current expectations. Numerous factors could cause or contribute
to such differences. Please refer to the Company's most recent Annual
Report on Form 20-F and other reports filed with or submitted to the
United States Securities and Exchange Commission from time to time,
for a further discussion of the factors and risks associated with our
business.
About Adecco
Adecco S.A. is a Forbes 500 company and the global leader in HR
solutions. The Adecco Group network connects up to 700,000 associates
with business clients each day through its 30,000 employees and 6,000
offices in 70 territories around the world. Registered in Switzerland,
and managed by a multinational team with expertise in markets spanning
the globe, the Adecco Group delivers an unparalleled range of flexible
staffing and career resources to corporate clients and qualified
associates.
The Adecco Group comprises three Divisions: Adecco Staffing,
Ajilon Professional and LHH Career Services. In Adecco Staffing, the
Adecco network focuses on flexible staffing solutions for global
industries in transition, including automotive, banking, electronics,
logistics and telecommunications; Ajilon Professional offers an
unrivaled range of specialized branded businesses; LHH Career Services
encompasses our portfolio of outplacement and coaching consultancy
businesses.
Adecco Staffing USA serves more than 70,000 clients a year through
a nationwide network of almost 1,100 points of sales and service. With
headquarters in Melville, NY, Adecco employs about 3,100 full-time
employees and places more than 130,000 temporary associates each week.
Adecco USA is a member of the American Staffing Association, an
organization that promotes legal, ethical, and professional practices
for the staffing industry.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and
listed on the Swiss Stock Exchange with trading on Virt-x
(SWX/VIRT-X:ADEN), the New York Stock Exchange (NYSE:ADO) and Euronext
Paris - Premier Marche (EURONEXT: ADE).
Additional information is available at www.adeccousa.com.