Adecco

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Adecco S.A.

Type	Société Anonyme
Traded as	SIX: ADEN,
Industry	Recruitment
Founded	1996
Headquarters	Glattbrugg, Switzerland
Area served	Worldwide
Key people	Patrick De Maeseneire (CEO), Rolf Dörig (Chairman)
Services	Employment agencies, human resources services
Revenue	€20.5 billion (2011)[1]
Operating income	€763 million (2011)[1]
Profit	€519 million (2011)[1]
Total assets	€8.879 billion (end 2010)[1]
Total equity	€3.567 billion (end 2010)[1]
Employees	33,000 (FTE, end 2011)[1]
Website	www.adecco.com

Adecco headquarters in Glattbrugg, Switzerland

Adecco S.A. is a human resources company, based in Glattbrugg near Zurich, Switzerland.^[2] Adecco employs 700,000 temporary workers and contractors who are supplied to business clients; it has over 33,000 employees (FTEs) and 5,500 offices in 60 countries and territories around the world. The company was formed in 1996 as a result of the merger of the French company Ecco and the Swiss company Adia Interim.^{[citation needed]}

History

• 1996: Personnel services firms Ecco and Adia Interim merge to form a global company with annualised revenues of €5.4 billion. Operations are combined to form a network of 2,500 branches. The core staffing business consists of 250,000 staff situated with various companies.
• 2000: Adecco acquires Olsten Staffing, becoming the largest recruitment company in the U.S. The merged company generates combined revenues of €17 billion.
• 2002: Adecco consolidates its businesses under three names^{[clarification needed]} and creates three divisions to manage its business.
• 2005: Adecco expands across six professional business lines defined by occupational fields. Adecco now provides all services under one name.
• 2006: Following the acquisition of DIS AG, Germany, Dieter Scheiff assumes the position of Chief Executive Officer, Adecco Group. Dominik de Daniel becomes Chief Financial Officer.
• 2007: The annual shareholders' meeting approves the nomination of Jürgen Dormann, former Vice Chairman, as Chairman of the Board. Rolf Dörig becomes Vice-Chairman. Klaus J. Jacobs, the co-founder of Adecco, hands back his mandate, having reached the statutory retirement age.
• 2009: Rolf Dörig replaces Dormann as Chairman.
• 2009: Adecco acquires Spring Group.
• 2010: Adecco acquires MPS Group for US$1.3 billion, but does not change the company names.^[3]
• 2010: Adecco set up a joint venture in Shanghai with Chinese HR services company Fesco. FESCO Adecco began operations on January 1, 2011.

Company data

• Revenue (2011): €20.5 bn
• Employees worldwide: about 33,000 full-time-equivalent employees (December 2011)

References

1. ^ ^{a b c d e f} "Annual Report 2010". Adecco. http://ar.adecco.com/fileadmin/user_upload/redakteure/ar2010/pdf/Adecco_AR_10.pdf. Retrieved 1 April 2011. 
2. ^ "Global headquarters." Adecco. Retrieved on 12 November 2009.
3. ^ Basch, Mark: [1] Florida Times-Union, October 21, 2009, "Jacksonville's MPS Group agrees to buyout by Swiss firm"

External links

	Switzerland portal
	Companies portal

Wikimedia Commons has media related to: Adecco

• Official website