Adecco
Encyclopedia
Human resources
Human resources is a term used to describe the individuals who make up the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations...
company, based in Glattbrugg near Zurich
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
. Adecco employs 700,000 temporary workers and contractors who are supplied to business clients, and has over 32,000 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
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
company Ecco
Ecco
Ecco may refer to:* Ecco, an imprint of the multinational publisher HarperCollins* ECCO, a Danish shoe manufacturer* Ecco & Miramont, a packaging and labels company* Ecco Employment Agency, an employment agency...
and the Swiss
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
company Adia Interim.
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 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 GroupMPS GroupMPS Group, Inc. , based in Jacksonville, Florida, provides professional recruiting, staffing, consulting and business services to various industries in the United States, Canada, the United Kingdom, Europe, Australia and Asia. For 2009, it ranked 839th on the Fortune 1000...
for US$1.3 billion, but does not change the company names. - 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 (2010): €18.7 bn
- Employees worldwide: about 32,000 full-time-equivalent employees (March 2011)