French Competition Council fine Vediorbis and Adecco.
Randstad Holding nv, as the legal successor of Vedior N.V., announces that
today the French Competition Council presented its findings on the alleged
infringement of French Competition Laws by Groupe Vedior France and
Vediorbis in France.
Adecco Group, the worldwide leader in Human Resource services has also received the decision of the French Competition Council on the antitrust proceedings involving Adecco and Adia France and its main competitors in France. The decision imposes a fine of EUR 34.2 million. The Company will carefully analyse the decision before taking a position in terms of a potential appeal.
Vedior announced in November 2004 that the French competition authorities
started an investigation. Later on, in November 2007, Groupe Vedior France
and its subsidiary Vediorbis, received a statement of objections from the
French Competition Council alleging exchanges of commercially sensitive
information with competitors from 2003 to 2004 and a specific concerted
practice in connection with one tender offer.
Vedior decided to enter into a settlement negotiation with the French
competition authorities and obtained a reduction of fine in exchange for not
challenging the objections and for the quality of its commitments to respect
Todays findings state that Vediorbis has been involved in anti-competitive
practices, while Groupe Vedior France was found not to be liable. Therefore
the French Competition Council has imposed a fine of 18.2 million to be paid by Vediorbis. Randstad has a provision in place of 35 million related to the French competition investigation. Having received the findings just now, we will continue to study them carefully.
Randstad takes all matters of business conduct and ethics very seriously. Our
code of conduct, integrity code and competition law guide are implemented
throughout the group of companies. In relation to this case clear commitments have been provided to prevent any infringement in the future.
Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. Since acquiring Vedior in 2008, the Randstad Group is the second largest HR services provider in the world with major positions in Australia, Belgium, Canada, France, Germany, India, Luxembourg, the Netherlands, Spain, Switzerland, Poland, Portugal, and the southeastern United States. Randstad has over 34,000 employees working from 5,400 branches and inhouse locations in 53 countries around the world.
Randstad and Vedior generated combined revenue of 17.6 billion in 2007.