Randstad Says Labor Market Tightening, Trade Spat Hurting Autos Staffing

Jack Vanderbrook, CEO of Randstad, discusses market conditions, labor market tightness, and financial performance. He highlights the impact of labor reforms in France and Italy, wage pressures in the US, and trade conflicts affecting the automotive sector. Despite challenges, Randstad maintains stable margins and anticipates modest EBITDA improvements.

What is one of the main challenges in hiring due to low unemployment in the US and the Netherlands?

• Delayed hiring processes

• Higher employee turnover

• Increased training costs

• Difficulty in finding suitable candidates

What is causing the margin pressure in France?

• Increased labor costs

• Decreased demand for services

• Loss of a subsidy in December

• Higher taxes

What is the current status of labor reforms in Italy?

• Fully implemented

• Pending with uncertain effects

• Rejected by the government

• Completed with positive outcomes

In which job sector is wage pressure least observed in the US?

• Healthcare sector

• Blue collar jobs

• White collar jobs

• Technology sector

What is one of the main concerns affecting the automotive industry in Germany?

• Decreased consumer interest

• High production costs

• Trade war and diesel engine legislation

• Lack of skilled labor