Stock Groups

Adecco sees uptick in hiring, warns of labour shortages -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The Swiss Adecco Group logo is seen in Zurich (Switzerland), October 30, 2018. REUTERS/Arnd Wiegmann

ZURICH (Reuters). Adecco (SIX) Group continues to experience an increase in staffing and anticipates modest growth for fourth quarter revenues, according to the temporary and recruitment company. However, it warned its clients that they are having difficulty finding enough qualified workers.

The global pandemic is currently affecting healthy demand, as well as supply chain problems.

Talent shortages. “This makes it difficult to recover in the next months,” the Swiss company explained in a statement.

The third quarter’s revenues, adjusted for currency fluctuations, trading days, and divestments rose by 9% to $5.06 billion, slightly less than analyst estimates of 5.28 billion euros.

Adecco stated that operating income rose 75%, to 196 millions euros. This is due to the lack of any COVID charges. Meanwhile, shareholders’ net income of just 133million euros missed expectations for 137million euros.

($1 = 0.8618 euros)

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]