By our economics editors
Feb 13, 2024 at 8:22 AM Update: 17 minutes ago
Randstad notices that companies are less eager to hire staff now that the economy is not doing so well. As a result, the temporary employment group’s income fell sharply last year and profits fell by a third.
Randstad’s annual turnover fell by 8 percent in 2023 to more than 25 billion euros. Revenues fell sharply, especially in North America. But turnover was also 9 percent lower in the Netherlands. The net profit of 624 million euros was significantly lower than the 929 million euros in 2022.
According to Randstad, companies are particularly reluctant to hire temporary workers for the long term. In January, industry figures showed that employers in the Netherlands worked almost 14 percent fewer hours with temporary workers.
Randstad CEO Sander van ‘t Noordende calls the economic climate in the world uncertain. “That influences customer decisions.” But according to him, labor markets still remain tight.
He says that Randstad is succeeding in adapting to the challenging market conditions. According to him, the margins are still good.
- Jan 24, 2024 at 9:20 am
More than half of the vacancies are difficult to fill, mainly problems in construction
- Jan 23, 2024 at 12:57 pm
Employers used temporary workers 14 percent less last year
Image: ANP
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Labor marketEconomyRandstad
2024-02-13 07:22:31
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