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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 on Long Island

16/06/2005 3:32pm

Business Wire


Adecco (NYSE:ADO)
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In advance of the New York 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 throughout Long Island, especially in the financial services and recruiting industries. The Long Island 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. Lori Farley-Toth, Adecco area vice president for Long Island, says, "We are still seeing high demand in financial services for the three A's: accountants, analysts and auditors." In a nod to the improving Long Island job market, Farley-Toth added, "HR positions are booming. Many companies are hiring recruiters right now for both temporary and permanent workers. I think as we came out of the recession, companies started seeing their customer base pick up and they had no time to train, so they turned to staffing firms and recruiters to find exact job matches in a hurry. Now they are adding internal resources in the next step toward growth." Farley-Toth 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 administrative assistant and data entry positions in a wide variety of industries, including mortgage brokering, the manufacture of business products and personal care products, and distribution centers, are in high demand from companies on Long Island. Farley-Toth 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 on Long Island." 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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