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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Adecco Group AG    ADEN   CH0012138605

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Adecco : Labour shortages start to bite in UK sectors hiring many EU nationals

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02/13/2017 | 07:11am CET

SECTORS employing a high number of EU nationals are starting to feel a recruitment pinch.

According to the CIPD and Adecco's labour market outlook, while the short-term outlook for employment remains strong, skills and labour shortages are starting to become evident in sectors employing a raft of EU nationals.

Despite a near record number of vacancies - 748,000 according to the latest Office for National Statistics (ONS) data - UK employers are finding it tough to fill roles with the right people.

ONS data from January shows that low-skilled sectors typically employing a large number of non-UK nationals from the EU are facing recruitment challenges, with vacancies in retail and wholesale, manufacturing, health and accommodation and food services making up nearly half of vacancies.

The CIPD and Adecco's survey of more than 1,000 employers found the most common response to labour shortages has been to leave positions empty, reflecting the "tightness of the domestic labour market" and initial signs the UK is attracting and retaining fewer EU nationals.

(c) 2017 City A.M., source Newspaper

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Financials (€)
Sales 2016 22 649 M
EBIT 2016 1 087 M
Net income 2016 699 M
Debt 2016 788 M
Yield 2016 3,38%
P/E ratio 2016 15,99
P/E ratio 2017 13,67
EV / Sales 2016 0,54x
EV / Sales 2017 0,50x
Capitalization 11 379 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 65,8 €
Spread / Average Target -0,99%
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Alain Dehaze Chief Executive Officer
Rolf Hugo Dörig Chairman
Hans Ploos van Amstel Chief Financial Officer
David Norman Prince Independent Non-Executive Director
Wanda Rapaczynski Independent Non-Executive Director
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