French staffing company Adecco announces planned workforce reductions, informing the French works councils.

Adecco Announces Headcount Reduction in France

In a recent announcement, Adecco, a Fortune Global 500 company and the global leader in HR services, has revealed plans to reduce its headcount in France by up to 600 full-time equivalents (FTEs). This decision is part of an effort to align the cost base with current market developments.

The reduction in headcount will affect Adecco's operations in France, including Adia France and Corporate France. The exact details regarding the name of the individual who officially registered the headcount reductions are not disclosed.

This investment will cover measures for the proposed reduction of FTEs and the merging of approximately 75 branches in France. Adecco aims to structurally improve the French business, with an expected investment of approximately EUR 35 million.

The company is listed on the Swiss Stock Exchange with trading on SWX Europe (SWX: ADEN) and the Euronext Paris (EURONEXT: ADE). For any investor-related inquiries, contact [email protected] or Tel. +41 (0) 44 878 89 25. For press-related inquiries, contact [email protected] or Tel. +41 (0) 44 878 87 87.

It is important to note that the information in the release may involve forward-looking statements, which are subject to risks and uncertainties. Factors that could affect the company's forward-looking statements include global GDP trends, changes in regulation of temporary work, intense competition, changes in the company's ability to attract and retain qualified temporary personnel, the resolution of the French anti-trust procedure, and adverse developments in existing commercial relationships, disputes, or legal and tax proceedings.

Numerous factors could cause or contribute to differences between the forward-looking statements and actual results. The local French release can be downloaded at www.adecco.fr.

Local management in France is committed to continuing the social dialogue with trade unions and the French Works Councils. Adecco's group network, with over 6,700 offices in over 60 countries and territories, connects over 700,000 associates with clients each day.

The group's investment in France is aimed at ensuring a more streamlined and efficient operation, enabling Adecco to better serve its clients and associates in the region. The company remains committed to its mission of improving the world of work for its clients, associates, and candidates.