Zurich, Switzerland (GenevaLunch) – Adecco, the world’s largest human resources company, possibly best known for supplying businesses with temporary workers, said revenues declined by 32 percent for the second quarter of 2009, compared to a year earlier. The group posted an operating loss for the period of €173 million.
The company noted, however, that pressure on revenue declines began to ease during Q2, but that “the negative impact on gross margin from the weak permanent placement business, was only partially compensated by the positive contribution of the outplacement business.”
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News story, GenevaLunch, 11 August 2009.
Filed under: Business
Tags: Adecco, financial results, human resources, profits, revenues, Switzerland, temporary workers, Zurich