Oct 11, 2004

Global headhunters swoop onto India

From Newindpress.com:

Last month, Switzerland's Adecco, the world's biggest staffing firm, entered India by acquiring a local recruiter. It paid an undisclosed sum for 67 percent of PeopleOne Consulting, which boasts a 20 % market share.
This followed Monster.com's $9.6 million buy of Jobsahead.com in May and a purchase of 76 percent of Madras-based Ma Foi Management Consultants by Dutch firm Vedior in April.
India's Cyber Media group announced two weeks ago a recruitment joint venture with U.S. technology jobs portal firm Dice Inc.
Not everyone is rushing in. Manpower Inc., the world's number two for recruitment, has a low-key presence in India. But for the foreign recruitment companies that are moving into India, acquisitions and partnerships are necessary to gain local expertise in a country with more than 150 labour laws.

Hmm, things are hotting up in the recuitment sector in India !