Posts Tagged ‘Chandler Macleod’

Red Flashing Lights: How you know when profitability is about to sink

After last week’s blog on the Australian publicly listed recruitment companies that have departed the boards of the ASX, I received a few emails from readers asking me follow up questions about the decline in fortunes of such formerly successful companies. Such questions as: How do such, formerly successful, companies become so unprofitable in a relatively short…

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ASX-listed recruitment companies: Going, going, gone

Four weeks ago giant Japanese recruiter, Recruit, concurrently announced agreements to purchase both peoplebank and Chandler Macleod. As the respective boards of both companies are recommending that shareholders accept the bid, and with no alternative bid likely, both companies will soon be fully owned by Japanese investors. John C Plummer will pocket just under AUD$39 million for his…

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ASX recruiters on the southbound train: 2012/13 in review

Last month I wrote about the demise of ASX-listed recruitment agency HJB. This was the latest piece of a very long list of bad news for the Australian publicly listed recruitment sector.  Having reviewed the eight remaining recruitment companies (that being very generous as both SMS or Programmed (PMS) aren’t recruitment companies as their respective recruitment brands, M&T Resources and Integrated each make…

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Agencies are far from dead: 2010 in review

Yes, I am pleased to confirm that the Australian recruitment agency sector, after a near-death experience in late 2008 and early 2009, is alive and well. Reports of the industry’s irrelevance were proven to be well off the mark as growth and profitability rebounded strongly in 2010.   That doesn’t mean it was a year…

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Why PSAs suck

One of the more humiliating recent events within the recruitment industry was Chandler Macleod’s withdrawal from the $400 million Australian Defence Force recruitment contract it had won from incumbent provider, Manpower.     At the time of the contract win in July 2008, Stephen Cartwright, the CEO at that time of Chandler Macleod, described it…

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