This article contains content that is written like
an advertisement. (October 2020) |
Company type | Aktiengesellschaft |
---|---|
SIX:
ADEN SMI MID component | |
Industry | Professional services |
Predecessors | Ecco Adia Interim |
Founded | 1 January 1997 |
Headquarters | Zurich, Switzerland |
Number of locations | 5,200 branches in over 60 countries and territories |
Area served | Worldwide |
Key people |
Jean-Christophe Deslarzes (
Chairman) Denis Machuel ( CEO) |
Services | Employment agencies, recruitment, human resource consulting and outsourcing |
Revenue | €20.949 billion (2021) [1] |
€780 million (2021) [1] | |
€586 million (2021) [1] | |
Total assets | €11.865 billion (2021) [1] |
Total equity | €3.800 billion (2021) [1] |
Number of employees | 32,000 (FTE 2021)
[1] 115,000 (2021) [1] |
Website |
adeccogroup |
The Adecco Group is a Swiss– French [2] company based in Zurich, Switzerland. It is the world's second largest Human Resources provider and temporary staffing firm, [3] and a Fortune Global 500 company. [4]
In 2021, Adecco claimed to have placed 113,000 people in permanent employment and daily placed 300,000 people in precariat jobs. With the expansion of its operations to China, its number totals up to 3.5 million. [5][ failed verification]
The company was formed officially on 1 January 1997 as a result of the merger of the French company Ecco and the Swiss company Adia Interim, [6] and is listed on the SIX Swiss Exchange (ADEN, ISIN CH0012138605). Adia was established in 1957 in Lausanne (Switzerland) by Henri Lavanchy. Ecco was founded in Lyon (France) at the initiative of Philippe Foriel Destezet. In 2000, The Adecco Group acquired Olsten Staffing, in the US, becoming the number one recruitment company in that country. In 2010, it acquired MPS Group and thus became the number one company worldwide. [7]
The Adecco Group is the parent company of three Global Business units: Adecco, Akkodis, [8] and LHH, and brands such as Pontoon, General Assembly, HIRED, EZRA and Adia. [9]
This article includes a
list of references,
related reading, or
external links, but its sources remain unclear because it lacks
inline citations. (April 2023) |
The Adecco Group provides services covering temporary staffing, permanent placement, career transition and talent development as well as business process outsourcing and consulting.
As for staffing, The Adecco Group covers sectors including office, industrial, technical, financial and legal, amongst others.
The Adecco Group operates in the market through various brands, including [34]
In 2004, Adecco delayed publication of its results because of accounting problems.
With investors already nervous following the collapse of Italian dairy group Parmalat, shares in Adecco – which places 650,000 people on assignment each day for clients such as IBM – were down 44.2% at 45.50 Swiss francs (£20.13). The loss wiped out the previous year's 47% share price gain, which came amid expectations that global economic recovery would boost the firm's temp business. The run on Adecco's shares followed a short statement from the company about the delay in its earnings release, which had originally been scheduled for February 4. Adecco said that the delay stemmed from several reasons including "the identification of material weaknesses in internal controls in the company's North American operations of Adecco Staffing". Adecco did not disclose details of irregularities it had found in an internal review. Investors were left uncertain, but were concerned that the company could be the latest casualty in a wave of accounting scandals. [35]
Problems had also engulfed Enron, Ahold and Parmalat, where billion-dollar frauds led to criminal investigations. There was speculation that Adecco's problems could be connected to its acquisition of US jobs firm Olsten for $1.6bn (£865m) in March 2000.[ citation needed]
On 10 December 2008, Adecco UK Ltd applied to the Company Names Tribunal under s.69(1)(b) Companies Act 2006 for a change of name of Adecco UK Recruitment Ltd, which had been registered at Companies House since 14 October 2008.
The application went undefended by the respondent and the adjudicator ordered on 3 March 2009, that Adecco UK Recruitment Ltd must change their name within one month. Additionally the respondent was ordered not to cause or permit any steps to be taken to register another company with an offending name which could interfere, due to its similarity, with the goodwill of the applicant.
Adecco UK Recruitment Ltd was also ordered to pay a contribution towards Adecco UK Ltd's costs. [36]
This article contains content that is written like
an advertisement. (October 2020) |
Company type | Aktiengesellschaft |
---|---|
SIX:
ADEN SMI MID component | |
Industry | Professional services |
Predecessors | Ecco Adia Interim |
Founded | 1 January 1997 |
Headquarters | Zurich, Switzerland |
Number of locations | 5,200 branches in over 60 countries and territories |
Area served | Worldwide |
Key people |
Jean-Christophe Deslarzes (
Chairman) Denis Machuel ( CEO) |
Services | Employment agencies, recruitment, human resource consulting and outsourcing |
Revenue | €20.949 billion (2021) [1] |
€780 million (2021) [1] | |
€586 million (2021) [1] | |
Total assets | €11.865 billion (2021) [1] |
Total equity | €3.800 billion (2021) [1] |
Number of employees | 32,000 (FTE 2021)
[1] 115,000 (2021) [1] |
Website |
adeccogroup |
The Adecco Group is a Swiss– French [2] company based in Zurich, Switzerland. It is the world's second largest Human Resources provider and temporary staffing firm, [3] and a Fortune Global 500 company. [4]
In 2021, Adecco claimed to have placed 113,000 people in permanent employment and daily placed 300,000 people in precariat jobs. With the expansion of its operations to China, its number totals up to 3.5 million. [5][ failed verification]
The company was formed officially on 1 January 1997 as a result of the merger of the French company Ecco and the Swiss company Adia Interim, [6] and is listed on the SIX Swiss Exchange (ADEN, ISIN CH0012138605). Adia was established in 1957 in Lausanne (Switzerland) by Henri Lavanchy. Ecco was founded in Lyon (France) at the initiative of Philippe Foriel Destezet. In 2000, The Adecco Group acquired Olsten Staffing, in the US, becoming the number one recruitment company in that country. In 2010, it acquired MPS Group and thus became the number one company worldwide. [7]
The Adecco Group is the parent company of three Global Business units: Adecco, Akkodis, [8] and LHH, and brands such as Pontoon, General Assembly, HIRED, EZRA and Adia. [9]
This article includes a
list of references,
related reading, or
external links, but its sources remain unclear because it lacks
inline citations. (April 2023) |
The Adecco Group provides services covering temporary staffing, permanent placement, career transition and talent development as well as business process outsourcing and consulting.
As for staffing, The Adecco Group covers sectors including office, industrial, technical, financial and legal, amongst others.
The Adecco Group operates in the market through various brands, including [34]
In 2004, Adecco delayed publication of its results because of accounting problems.
With investors already nervous following the collapse of Italian dairy group Parmalat, shares in Adecco – which places 650,000 people on assignment each day for clients such as IBM – were down 44.2% at 45.50 Swiss francs (£20.13). The loss wiped out the previous year's 47% share price gain, which came amid expectations that global economic recovery would boost the firm's temp business. The run on Adecco's shares followed a short statement from the company about the delay in its earnings release, which had originally been scheduled for February 4. Adecco said that the delay stemmed from several reasons including "the identification of material weaknesses in internal controls in the company's North American operations of Adecco Staffing". Adecco did not disclose details of irregularities it had found in an internal review. Investors were left uncertain, but were concerned that the company could be the latest casualty in a wave of accounting scandals. [35]
Problems had also engulfed Enron, Ahold and Parmalat, where billion-dollar frauds led to criminal investigations. There was speculation that Adecco's problems could be connected to its acquisition of US jobs firm Olsten for $1.6bn (£865m) in March 2000.[ citation needed]
On 10 December 2008, Adecco UK Ltd applied to the Company Names Tribunal under s.69(1)(b) Companies Act 2006 for a change of name of Adecco UK Recruitment Ltd, which had been registered at Companies House since 14 October 2008.
The application went undefended by the respondent and the adjudicator ordered on 3 March 2009, that Adecco UK Recruitment Ltd must change their name within one month. Additionally the respondent was ordered not to cause or permit any steps to be taken to register another company with an offending name which could interfere, due to its similarity, with the goodwill of the applicant.
Adecco UK Recruitment Ltd was also ordered to pay a contribution towards Adecco UK Ltd's costs. [36]