EMCC European Monitoring Centre on Change

INgroup

Company/Organisation:
INgroup

Geographic Location

Country: Sweden

Company

Sector: Administrative services
Administrative and support service activities
78 - Employment activities
Number Employed: 850
Group: Manpower

Employment Effects

Announcement Date: 07-01-2004
Planned Job Reductions min: 250
Planned Job Reductions max: 250
Type of Restructuring: Merger/Acquisition
Foreseen End Date: 01-12-2004

Additional Information

Manpower has taken over INgroup and will through this acquisition become the largest provider of staff services in the Nordic countries. The activities of INgroup will be transferred to Manpower at the end of February, providing the antitrust authorities approve the agreement signed between Manpower and INgroup. The agreement includes the take over of 850 employees, 250 of whom have recently been given notice. The remaining 600 employees will be transferred to Manpower by the end of 2004.