ZURICH May 7 Adecco, the world's
largest staffing company, said it expects more favourable
economic conditions towards the end of the year, as it posted a
40 percent drop in first-quarter profit.
The euro zone's dogged debt crisis has paralysed European
job markets, squeezing revenues at staffing firms like Adecco
and rivals Dutch peer Randstad and U.S.-based
Adecco's first-quarter net profit fell to 67 million euros
($87.48 million), undershooting the average forecast of 80.1
million euros in a Reuters poll.
Revenues fell 7 percent organically, partly hit by fewer
trading days in the quarter, making it the fifth consecutive
quarter of contraction.