Adecco Acquires Albuquerque License Office of Olsten Staffing Services.Business Editors ALBUQUERQUE Albuquerque (ăl`bəkûr'kē), city (1990 pop. 384,736), seat of Bernalillo co., W central N.Mex., on the upper Rio Grande; inc. 1890. , N.M.--(BUSINESS WIRE)--July 5, 2000 Adecco, the nation's -- and the world's -- leader in staffing services, today announced that it has acquired the Albuquerque license office of Olsten Staffing Services. The office begins operating under the Adecco name today, joining Adecco's other location serving clients in the Albuquerque area. In August 1999, Olsten Corporation announced it had agreed to merge its staffing and information technology services businesses with Adecco, and the transaction was completed on March 15, 2000. The acquisition of Olsten's Albuquerque license office is part of Adecco's continuing campaign to solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its brand awareness, broaden its presence and increase depth of service coverage for business and industry in the region. Margaret Dunwody, Adecco's area manager for the West Texas/New Mexico region, remarked that "For more than 16 years, Olsten has been a respected name in the staffing business in Albuquerque. And Adecco has been delivering quality staffing solutions to our clients for 17 years. In acquiring this office, we take the next step in our growth, and will continue to provide the exceptional services for which both organizations are known." Growth will come from renewed emphasis on recruiting. New Mexico's unemployment rate stood at 4% percent in May. "Low unemployment makes recruiting temporary employees a top priority," said Dunwody. Dunwody remarked that the acquisition of the Olsten license office presents "an opportunity to combine Adecco's vast network and resources with the local market expertise of the former Olsten office, further enhancing customer service." "Adecco's enhanced presence in the area will help attract both potential workers and clients 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. workers," said Dunwody. "We have more offices in more locations than any other company in the industry, so it's convenient for clients and employees to work with us. The increased number of clients will give employees more assignments to choose from. Adecco leverages innovative technology to recruit associates and match them with employers. The fact that we have offices all over the U.S. and the world is also attractive to both employers and employees who are looking outside of New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). ." About Adecco Adecco SA is the global leader in personnel services, connecting up to 600,000 associates with business clients each day through its network of over 25,000 employees and more than 5,000 locations in 59 countries around the world. Registered in Switzerland and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates. Adecco provides clients with staffing services and solutions covering all major industries as well as specific professions. The worldwide Adecco network focuses on global industries in transition, including automotive, banking, electronics, logistics and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . Adecco is also positioned as a worldwide leader in each of the major professional staffing segments with several world-class business lines: aoc (Accountants on Call) and Jonathan Wren wren, small, plump perching songbird of the family Troglodytidae. There are about 60 wren species, and all except one are restricted to the New World. The plumage is usually brown or reddish above and white, gray, or buff, often streaked, below. for finance, banking and accounting; Ajilon and Computer People for high-end information technology, TAD and Roevin for engineering and technical. These Adecco businesses provide their clients with a broad range of staffing solutions, from temporary work to permanent placement, to consulting and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . Adecco also offers a range of HR solutions with Econova/Lee Hecht Harrison, offering 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 career management services. Adecco clients retain this unique range of services through local, national and multinational contracts. Further information can be found at www.adecco.com. Adecco SA is listed on The Swiss Exchange Swiss Exchange The major securities market of Switzerland. (ADECCO N (ADEN 700'939)), (NYSE NYSE See: New York Stock Exchange :ADO) and the Bourse bourse (b rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris (RM 12819).
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