Online sector consolidation
Consolidation in the online recruitment industry is continuing with the acquisition of Jobs.com by TMP Worldwide, and the finalisation of Adecco’s deal with Jobpilot.
The online address, company trademark and other assets were bought by TMP for $800,000 in a court-approved bankruptcy action. Owner of e-cruiter Monster, TMP said they consider the Jobs.com address to be the most intuitive keyword for online job seekers. The address receives a monthly average of more than 400,000 unique visitors.
TMP intends the Jobs.com site to serve as an umbrella platform for several of its existing and future online job board initiatives.
Meanwhile Adecco’s February bid to acquire e-cruiter Jobpilot has been approved by shareholders. The agreed offer price was £170m on equity basis.
Bernard Morel, president of Adecco’s career services and e-cruitment, said Jobpilot was “a perfect strategic fit” for the company, and represented “an excellent nucleus for our e-cruitment business”.
