Adecco (NYSE:ADO)
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From May 2019 to May 2024
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.