Adia in France has informed the works council of further headcount
reductions
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Zurich, Switzerland, June 17, 2009: Adecco Group, the worldwide
leader in HR services, today announces that Adia, a subsidiary of
Adecco Group in France, has informed the works council of Adia of its
plans to further adjust the cost base to the current market
environment. As a consequence, Adecco Group in France plans to reduce
headcount within the Adia business by around 350 employees (Full Time
Equivalents, FTEs) by the end of 2009.
The management of the Adecco Group remains firmly committed to a
proactive, cost-focused approach in order to protect profitability in
the current challenging market environment.
Given the regulatory framework in France, which requires consultation
with the French works councils, Adia, a subsidiary of Adecco Group
France, today informed the works council of Adia of its plans to
further reduce headcount within Adia by approximately 350 employees
(FTEs) by the end of December 2009. The Adia branch network and its
organization in France will be structurally optimized by merging
around 100 branches. The costs associated with the reorganisation at
Adia are estimated to be EUR 25 million. The local management in
France is committed to continue the social dialogue with trade unions
and the French works councils.
The local French release can be downloaded at www.adecco.fr.
Adecco Corporate Investor Relations
Investor.relations@adecco.com or +41 (0) 44 878 89 89
Adecco Corporate Press Office
Press.office@adecco.com or +41 (0) 44 878 87 87
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. as of the date of this release,
and we assume no duty to update any such forward-looking statements.
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. 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 internal or external personnel or clients; the
potential impact of disruptions related to IT; any adverse
developments in existing commercial relationships, disputes or legal
and tax proceedings.
About the Adecco Group
The Adecco Group, based in Zurich, Switzerland, is the world's
leading provider of HR solutions. With over 31,000 FTE employees and
6,000 offices, in more than 60 countries and territories around the
world, Adecco Group offers a wide variety of services, connecting
more than 500,000 colleagues with over 145,000 clients every day. The
services offered fall into the broad categories of temporary
staffing, permanent placement, outsourcing, consulting and
outplacement. The Adecco Group is a Fortune Global 500 company.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) with
listings on the SIX Swiss Exchange (ADEN) and on Euronext in France
(ADE).
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Adecco SA
Sagereistrasse 10 Glattbrugg Switzerland
WKN: 922031;
ISIN: CH0012138605; Index: SLCI, SMI, SPI, SMIEXP;
Listed: Main Market in SIX Swiss Exchange;
