Staffing company Adecco's Q3 earnings take a hit from culling of brands
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Zurich
ADECCO reported worse than expected third-quarter earnings on Tuesday as the world's largest staffing company took a hit from a big writedown for culling the number of brands it operates around the world.
The Swiss company is cutting its brand portfolio from 70 to less than 10 - and as a result took a 129 million euro (S$203.5 million) one-off non-cash charge to net profit.
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