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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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  0.00 0.00% 0.00 -

Adecco's 'Where-the-Jobs-Are' Report Shows Increased Hiring in Detroit Area

15/06/2005 1:00pm

Business Wire


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In advance of the Michigan state unemployment report, Adecco (NYSE:ADO), the staffing industry's market leader in the U.S. and the world, today announced it is seeing increased demand for employees in the Detroit area, especially in the auto parts, auto manufacturing and consulting industries. The Detroit area is one of the many locales across the country where Adecco is responding to a growing need for contingent workers from employers in a variety of industries. Barry Gray, a Detroit area branch manager says, "Despite recent automotive industry news to the contrary, we are seeing an increase in hiring in the manufacture of automobiles and automotive parts, primarily on the production, maintenance and quality inspection sides." Gray adds, "Job seekers should take note that in addition to traditional temporary hiring, Adecco branches are receiving more requests for direct hire candidates. In addition, many people on long-term temporary assignments are being hired full-time by the client." People to fill temp-to-hire positions in executive administration, production supervision and quality control inspection are all in high demand from companies in the Detroit area. "Two major consulting firms in the area have recently placed large orders for temporary and permanent associates," he says. Gray notes, "This has been a great year for temporary staffing so far. According to the Bureau of Labor Statistics, the nation's temporary staffing industry grew 6.9% from April 2004 to April 2005. Adecco is seeing similar percentage growth in the number of associates we're placing in the Detroit area." 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: the outcome of investigations by governmental agencies or stock exchanges; the pace of economic recovery in various regions and the demand for temporary staffing; the impact and result of any litigation (including US class action litigation); any adverse developments in existing commercial relationships, disputes or legal proceedings; volatility of the Company's stock price; intense competition in the markets in which the Company competes; and negative reactions from the Company's shareholders, creditors or vendors with respect to any of the foregoing matters. The 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 Annual Report on Form 20-F for the year ended December 28, 2003, and other reports filed with or submitted to the U.S. 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 29,000 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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