Japanese staffing company set to raise $1.8bn through IPO
16 September 2014
The largest staffing company in Japan is planning to raise $1.8bn (£1.1bn) through an initial public offering, according to a report in the Financial Times.
Tue, 16 Sep 2014 | Nicola Sullivan
The largest staffing company in Japan is planning to raise $1.8bn (£1.1bn) through an initial public offering, according to a report in the Financial Times.
The growth of the firm Recruit, which was hit by a corruption scandal in the late 1980s, has hinged on the rise of temporary employment following the government’s ‘Abenomics’ revival plan.
It was also reported by the FT that the number of non-permanent employees including part-timers and contract workers accounts for almost 40% of Japan’s workforce.
In March, Recruit reported a 14% increase in revenue to $11bn, about half of which was generated from temporary staffing services.
The largest staffing company in Japan is planning to raise $1.8bn (£1.1bn) through an initial public offering, according to a report in the Financial Times.
The growth of the firm Recruit, which was hit by a corruption scandal in the late 1980s, has hinged on the rise of temporary employment following the government’s ‘Abenomics’ revival plan.
It was also reported by the FT that the number of non-permanent employees including part-timers and contract workers accounts for almost 40% of Japan’s workforce.
In March, Recruit reported a 14% increase in revenue to $11bn, about half of which was generated from temporary staffing services.
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