Monster Worldwide to focus on its largest markets
9 November 2012
Monster Worldwide Inc, the global online recruitment firm will implement a corporate restructuring to focus on its core business and reduce its cost structure in order to improve profitability and cash flow.
Fri, 9 Nov 2012
Monster Worldwide Inc, the global online recruitment firm will implement a corporate restructuring to focus on its core business and reduce its cost structure in order to improve profitability and cash flow.
This includes looking to sell its ChinaHR operations, evaluating options in developing markets and focusing on core business in North America and key European and Asian markets.
“We are implementing a plan to concentrate our resources on our largest markets where we generate the lion’s share of our revenue and profit and where we are experiencing increased customer traction with our advanced technologies,” says chairman, president and chief executive officer Sal Iannuzzi.
“We believe this plan provides Monster the resources to grow our leading businesses in North America and Europe.”
Monster Worldwide Inc, the global online recruitment firm will implement a corporate restructuring to focus on its core business and reduce its cost structure in order to improve profitability and cash flow.
This includes looking to sell its ChinaHR operations, evaluating options in developing markets and focusing on core business in North America and key European and Asian markets.
“We are implementing a plan to concentrate our resources on our largest markets where we generate the lion’s share of our revenue and profit and where we are experiencing increased customer traction with our advanced technologies,” says chairman, president and chief executive officer Sal Iannuzzi.
“We believe this plan provides Monster the resources to grow our leading businesses in North America and Europe.”
