Staffing agency Randstad saw revenues fall by some €5bn to €12.5bn last year, but managed to reduce costs by 22% through job cuts and synergies, the company said on Thursday.

Randstad is the world’s second largest staffing and temporary employment agency.
‘Our markets have stabilized and classical recovery patterns are visible,’ said CEO Ben Noteboom in a statement. ‘If recovery continues we should do very well.’
The recovery is particularly apparent in Germany, the US and Britain, Noteboom was reported as saying.