Last $37.47 USD
Change Today -0.18 / -0.48%
Volume 16.9K
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As of 2:50 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

adecco sa-reg-unspon adr (AHEXY) Snapshot

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03/12/14 - $44.12
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adecco sa-reg-unspon adr (AHEXY) Details

Adecco S.A., together with its subsidiaries, provides human resource services to businesses and organizations worldwide. It offers temporary staffing, permanent placement, outsourcing, career transition, and other services. The company provides general staffing services, including temporary and permanent placement of staff in the office and industrial areas under the Adecco Office, Office Angels, Adecco, Adecco Industrial, and Tuja brand names. It also offers professional staffing services in the information technology sector under the brand names of Modis and Computer People; engineering and technical sector under the Adecco Engineering & Technical, Entegee, and Euro Engineering brand names; finance and legal area under the brand names of Badenoch & Clark and Accounting Principals; and medical and science sector under the Soliant and Adecco Medical brand names. In addition, the company provides managed service programs and recruitment process outsourcing solutions under the brand name of Pontoon; vendor management systems; and career transition and talent development services comprising outplacement, leadership development, career development, change management solutions, training, and consulting. As of December 31, 2013, it operated approximately 5,100 branches in 60 countries and territories. Adecco S.A. was founded in 1957 and is based in Glattbrugg, Switzerland.

31,400 Employees
Last Reported Date: 05/8/14
Founded in 1957

adecco sa-reg-unspon adr (AHEXY) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: SFr.3.5M
Compensation as of Fiscal Year 2013.

adecco sa-reg-unspon adr (AHEXY) Key Developments

Adecco to Laying Off 154 Workers in Melville

Adecco is laying off 154 workers in Melville as the company moves to its new North American headquarters in Jacksonville, Florida. That number is down from its initial estimate of 185, as workers find 'opportunities' elsewhere. The number of expected layoffs was reduced as employees exited the company following Adecco's March announcement of plans to sell its building at 175 Broadhollow Rd. and move its operations. About 20 Melville workers are 'seriously considering' a move to Jacksonville and are in talks with the company. Adecco employed about 350 at the distinctive asymmetrical building at the intersection of Pinelawn and Broadhollow roads. In a filing on June 3, 2014 with the state Department of Labor, the company announced about 200 would be transferred to other Melville locations. Layoffs of the 154 remaining employees will occur in phases between Aug. 29, 2014 and Dec. 31, 2014.

Adecco Group to Layoff 150 People at its Melville Headquarters

Adecco Group plans to lay off more than 150 people at its Melville headquarters and relocate 200 more to other Long Island sites between Aug. 29 and the end of the year as it shifts its headquarters to Florida. Adecco S.A., is relocating its North American headquarters to Jacksonville, Fla., where the company's CEO, Robert Crouch, lives. This business decision only relates to the Melville headquarters facility and does not impact any of local branches in the Melville area.

Adecco S.A. Announces Group Earnings Results for the First Quarter Ended March 2014

Adecco S.A. announced group earnings results for the first quarter ended March 2014. For the quarter, the company reported revenues of EUR 4,656 million, up 6% in constant currency or up 2% year-on-year. EBITA excluding restructuring costs was EUR 185 million, up 41% in constant currency or up 35% year-on-year. EBITA was EUR 180 million, up 49% in constant currency or up 42% year-on-year. Operating income was EUR 171 million compared to EUR 116 million last year. Net income attributable to Adecco shareholders was EUR 110 million compared to EUR 67 million last year. Basic EPS increased to EUR 0.62 from EUR 0.37. Cash flow generated from operating activities was EUR 103 million in the quarter compared to cash used in operating activities of EUR 28 million in the same period last year. The group invested EUR 17 million in capex. Net debt at the end of March 2014 was EUR 1,028 million.


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