10 januari 2008
Manpower thinks the Middle East job market is ripe for development, and the American staffing agency has become the region’s largest employment-services firm with a recent acquisition.
Manpower said on Thursday it had acquired Clarendon Parker Middle East, its partner firm in the region, for an undisclosed sum. The recruitment agency is now market leader in the United Arab Emirates, Bahrain, Kuwait, Qatar and Saudi Arabia. Shares in Manpower ticked down 42 cents, or 0.8%, to $51.36, during midday trading in New York.
Although Manpower’s business in the region will primarily deal with higher-end jobs in information technology, engineering and scientific spheres, chief executive Jeffrey Joerres told Forbes.com that clients were still conscious of the negative side to the region’s job market.
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