Adecco's 'Where-the-Jobs-Are' Report Shows Increased Hiring in Silicon Valley.SUNNYVALE, Calif. -- In advance of the California state unemployment report, Adecco (NYSE NYSE See: New York Stock Exchange :ADO), the staffing industry's market leader in the U.S. and the world, today announced it is seeing increased demand for employees in Silicon Valley, especially in the biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. , healthcare and networking industries. Silicon Valley is one of many locales across the country where Adecco is responding to a growing need for contingent workers contingent worker n. A temporary or part-time worker, usually one working under contract for a fixed period or a specific project. from employers in a variety of industries. Bob Bonomo, Adecco area director in Sunnyvale, says, "Most of the industries in Silicon Valley have seen an increase in sales due to more spending on business technology by a number of organizations." Bonomo also observed, "The increase in hiring in healthcare is due to the aging population, specialty services provided by these organizations and the closing of some regional hospitals." In September 2004, the most recent month in which Adecco's Where the Jobs Are Report focused on Silicon Valley, the report noted that the availability of temporary positions is a solid step toward an increase in temp-to-hire and direct hire positions. Job seekers job seeker also job·seek·er n. One who seeks employment. and economy watchers alike will be glad to know that the projected increase in temp-to-hire and direct hire positions is now being realized. People to fill temporary and temp-to-hire positions in clerical and administration, accounting, sales support and software development are all in high demand from companies in Silicon Valley. Bonomo also notes, "Since we have seen an increase in all industries, employers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. well-rounded individuals with a broad range of experience who can multitask and work as part of a team." Adecco releases its "Where the Jobs Are" report in advance of the state unemployment reports to provide more depth and breadth to the employment picture in selected regions. The report is based on interviews with Adecco recruiters across the country and consists of press releases that report on hiring trends in regions experiencing employment growth. The trends in these regions are not intended to be indicators of nationwide trends. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Adecco S.A. (the "Company") as of the date of this release, and we assume no duty to update any such forward-looking statements. Factors that could affect the Company's forward-looking statements include, among other things: the outcome of investigations by governmental agencies or stock exchanges; the pace of economic recovery in various regions and the demand for temporary staffing; the impact and result of any litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. (including US class action litigation); any adverse developments in existing commercial relationships, disputes or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; volatility of the Company's stock price; intense competition in the markets in which the Company competes; and negative reactions from the Company's shareholders, creditors or vendors with respect to any of the foregoing matters. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Please refer to the Company's Annual Report on Form 20-F for the year ended December 28, 2003, and other reports filed with or submitted to the U.S. Securities and Exchange Commission from time to time, for a further discussion of the factors and risks associated with our business. About Adecco Adecco S.A. is a Forbes 500 company and the global leader in HR Solutions. The Adecco Group network connects up to 700,000 associates with business clients each day through its network of 29,000 employees and 6,000 offices in 71 territories around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, the Adecco Group delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates. The Adecco Group comprises three Divisions: Adecco Staffing, Ajilon Professional and LHH LHH League for the Hard of Hearing LHH Laguna Honda Hospital (San Francisco, California) LHH L-Band HH LHH Lutheran Hospice of Hope Career Services. In Adecco Staffing, the Adecco network focuses on flexible staffing solutions for global industries in transition, including automotive, banking, electronics, logistics and telecommunications; Ajilon Professional offers an unrivalled range of specialized branded businesses; LHH Career Services encompasses our portfolio of outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. and coaching consultancy businesses. Adecco Staffing USA serves more than 70,000 clients a year through a nationwide network of almost 1,100 points of sales and service. With headquarters in Melville, NY, Adecco employs about 3,100 full-time employees and places more than 130,000 temporary associates each week. Adecco USA is a member of the American Staffing Association The American Staffing Association was founded in 1966 to be the "voice" of the staffing industry in the United States. Its members operate more than 15,000 staffing offices nationwide and account for more than 85% of staffing industry sales. , an organization that promotes legal, ethical, and professional practices for the staffing industry. Adecco S.A. is registered in Switzerland (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. : CH0012138605) and listed on the Swiss Stock Exchange with trading on Virt-x (SWX/VIRT-X:ADEN), the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:ADO) and Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. - Premier Marche (EURONEXT:ADE). Additional information is available at www.adeccousa.com. |
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