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Staffing agency Randstad books fourth quarter loss

Thursday 14 February 2013

Staffing agency Randstad booked a loss of €97m in the fourth quarter of last year following a goodwill write-off of almost €140m.

Over 2012 as a whole, Randstad booked profit of €36.5m, down 79% on 2011. Revenues rose 5% to €17bn following growth in Latin America and Asia, particularly Japan.

‘It has not been an easy year,’ chief executive Ben Noteboom said in a statement. He described 2012 as challenging with a 'solid final quarter'.

Randstad has been hit by Europe’s economic woes. Turnover fell 8% in France over the year, 8% in Britain and 3% in the Netherlands.

The company, one of the biggest staffing agencies in the world, did not make a forecast for 2013.

© DutchNews.nl


Readers' Comments

As one of the global leaders of recruitment, they should find a way to recruit less greedy and more capable people for the high level jobs. While they can have some short term loss, the economy will be in better condition in the long run which will also be in their benefit.

By Utku Tekinel | 14 February 2013 11:52 AM

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