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ADO Adecco Sa

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Share Name Share Symbol Market Type
Adecco Sa NYSE:ADO NYSE Ordinary Share
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Adecco Where-the-Jobs-Are Report Shows Manufacturing Hires Increasing Throughout Minnesota

17/10/2005 8:02pm

Business Wire


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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.

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