As Randstad hosts its Capital Markets Day in London today [20 November], the international staffing giant announces plans to save €60-70m (£47.96-55.59m) within the next two years following a global benchmark exercise on back-office functions and support staff.

Of that amount, €20-23m in savings has already been announced for the company’s Netherlands operations. 

The company is focusing on improving productivity throughout its operations through what it is terming ‘activity-based field steering’. According to a statement from the company, the US arm of Randstad has already begun to reap benefits through strict application of ‘field steering’, which it did not further define in the statement.

In further financial news from the company, Randstad has revealed that sales in the UK increased by 4% last month, a figure equal to the company’s overall revenue growth.