Manpower To Appeal 42M Fine
Following yesterdays news on the Competition Council in France fining Adecco and Vediorbis, for an anti-competitive conduct in violation of French law Manpower Inc has confirmed that it too has been fined. According to a calculation that is based on gross profit from operations in France, Manpower's French unit will be fined 42,000,000. This decision represents the outcome of the previously reported proceedings before the Council that began with an investigation at the French unit's headquarters in November 2004.
Kenneth Hunt, Manpower Inc. Senior Vice President - Chief Legal Officer, said the Council's decision and imposition of the fine was unwarranted and that Manpower plans to appeal the case.
"We are very concerned by the decision of the Competition Council, as we take seriously our commitment to the highest standards of ethical business practice as well as ensuring that we are in full compliance with the laws of the communities we serve. The Council's holding that our French operation was broadly engaged in a concerted practice to avoid competition on price is not supported by the facts of the case and the fine imposed by the Council is excessive as a measure of the damage to the economy that the fine is supposed to reflect. Regardless, since 2004 we have taken further steps to improve our compliance and training programs in an effort to prevent any future issues of this nature," Hunt said.