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Manpower Press Release

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									                                                                      Manpower Employment Outlook Survey 2Q 2008 / Page 1


                                                                                              Manpower
                                                                                              Xenofontos 9
                                                                                              105 57 ΑTHENS
                                                                                              T: 210 32.24.301
                                                                                              Φ: 210 32.48.621
                                                                                              www.manpower.com



                                                                        Contact:

                                                                        Metaxia Kladis / The PR Team
                                                                        210 610 67 67 – 6932 36 33 30
                                                                        mkladi@theprteam.gr

                                                                        Lilian Glarou / The PR Team
                                                                        210 610 67 67 / 6936 17 76 79
                                                                        lglarou@theprteam.gr

UNDER EMBARGO UNTIL 0:01 11 MAR 2008



                              Greece Joins Manpower Employment Outlook Survey

                          Greek Employers Forecast Strong Job Demand for Quarter 2, 2008
                                    Greece posts Net Employment Outlook of +23%
          Finance, Insurance, Real Estate & Business Services employers report strongest hiring intentions


       Athens, 11 March 2008. The Manpower Employment Outlook Survey launched today in Greece
       revealed that employment prospects are positive for the April – June quarter of 2008. The survey
       based upon interviews on a representative sample of 762 employers across Greece reveals positive
       hiring intentions across all nine industry sectors surveyed.


       The data reveals solid hiring projections with an overall Net Employment Outlook of +23%. Net
       Employment Outlook is derived by taking the percentage of employers anticipating total employment
       to increase, and subtracting from this the percentage expecting to see a decrease in employment at
       their location in the next quarter. Of the Greek employers interviewed, 27% said they expect to hire
       more people during the second quarter of 2008, 4% of the employers expect to reduce their
       workforce, 58% anticipate no change, while 11% are uncertain about their April – June hiring plans.


       On the announcement of the survey results, Dr. Venetia Koussia, Managing Director of Manpower
       Greece stated: “We are very proud that our country is from today on part of the Manpower
       Employment Outlook Survey, which is truly unique and unparalleled in its focus and has been the most
       trusted forward-looking employment survey globally for more than 45 years.” Dr Koussia further
       added: “We are confident that this initiative will be welcomed in the local market, as it addresses the
       need of this country‟s business stakeholders for reliable, forward-looking data on both the national and
                                                                Manpower Employment Outlook Survey 2Q 2008 / Page 2




international labor markets. The Manpower Employment Outlook Survey in Greece will be an ongoing
quarterly activity, with the aim of being a reliable source on forecasting employment trends in the
Greek labor market.”


Commenting on the notable per cent of employers who reported that there will be no change in the
number of people they employ, Dr Koussia stated: “Greek employers choose a „wait and see‟
approach, which is definitely a positive stance, as it leads to better utilization of existing staff.”


Industry sectors covered by the Manpower survey are Agriculture; Hunting, Forestry & Fishing;
Construction; Electricity, Gas and Water Supply; Finance, Insurance, Real Estate & Business
Services; Manufacturing; Public & Social; Restaurants & Hotels; Transport, Storage & Communication;
and Wholesale & Retail Trade. Employers in the Finance, Insurance, Real Estate & Business Services
sector report the strongest hiring intentions of this quarter with a Net Employment Outlook of +33%,
10 percentage points stronger than the national Net Employment Outlook. On the other hand,
employers in the Agriculture sector reported the weakest hiring intentions of a still respectable +13%.


“Job seekers should find the strongest employment prospects in the Finance, Insurance, Real Estate
& Business Services sector, as the employers interviewed expressed their solid intentions to add
talented staff to their workforce,” commented Dr Koussia.


In order to present regional comparisons, Greece was divided in two geographic regions: Greater
Attica and North Greece. Employers in both regions revealed solid hiring expectations for the second
quarter of the year. Employers in the Greater Attica region are slightly more optimistic, reporting
healthy hiring expectations and an Net Employment Outlook of +23%, compared to the Outlook of
+22%, recorded by employers in North Greece.


International comparisons
Hiring activity is expected to be positive in all countries surveyed, but the majority of employers in
Europe and the Americas are less optimistic about adding employees in the quarter ahead in
comparison to Quarter 2 2007. Employers in Singapore, India, Romania, Peru, Costa Rica, Argentina,
Poland, Hong Kong, Greece and S. Africa are reporting the most optimistic second quarter hiring
plans globally. Conversely, employers in Spain and Italy report the weakest job prospects for the
quarter ahead. Employers in 16 countries and territories are reporting less optimistic hiring intentions
compared to three months ago; seven are reporting improved Outlooks; and four indicate there will be
no change in their workforces. When compared to Quarter 2 2007 the picture is similar: Outlooks are
softer in 17 countries and territories; seven report improved hiring plans; and three indicate staffing
needs will not change.
                                                                    Manpower Employment Outlook Survey 2Q 2008 / Page 3




The next Manpower Employment Outlook Survey will be released on the 10th of June 2008 to report
hiring expectations for the third quarter of 2008. The Manpower Employment Outlook Survey is
available free of charge to the public through Manpower Greece.
To receive e-mail notification when the survey is available each quarter, interested individuals are
invited to complete an online subscription form at http://investor.manpower.com/investors/alerts.cfm.
                                                         ###


  Note to Editors
  Full survey results for each of the 32 countries and territories included in this quarter‟s survey, plus regional and
  global comparisons, can be found in the Manpower Press Room at www.manpower.com/meos. In addition, all
  tables and graphs from the full report are available to be downloaded for use in publication or broadcast from
  the Manpower Web site at http://www.manpower.com/library.
  Note that in Quarter 2 of 2008, the survey adopted the TRAMO-SEATS model for seasonal adjustment of data.
  As a result, you may notice some seasonally adjusted data points change slightly from previous reports. This
  model is recommended by the Eurostat department of the European Union and the European Central Bank and
  is widely used internationally.


  About the Survey
  The Manpower Employment Outlook Survey is conducted quarterly to measure employers‟ intentions to
  increase or decrease the number of employees in their workforce during the next quarter. It is the most
  extensive forward-looking survey of its kind, unparalleled in its size, scope, longevity and area of focus. The
  Survey has been running for more than 45 years and is one of the most trusted surveys of employment activity
  in the world. The Manpower Employment Outlook Survey is based on interviews with more than 55,000 public
  and private employers worldwide and is considered a highly respected economic indicator.


  The Manpower Employment Outlook Survey is currently available for 32 countries and territories: Argentina,
  Australia, Austria, Belgium, Canada, China, Costa Rica, Czech Republic, France, Germany, Greece,
  Guatemala, Hong Kong, India, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Peru, Poland,
  Romania, Singapore, Spain, South Africa, Sweden, Switzerland, Taiwan, the United Kingdom and the United
  States. The program began in the United States and Canada in 1962, and the United Kingdom was added in
  1966. Mexico and Ireland launched the survey in 2002, and 13 additional countries were added to the program
  in 2003. New Zealand joined the program in 2004, China, India, Switzerland and Taiwan were added in 2005,
  and Argentina, Peru, Costa Rica and South Africa joined in 2006. The Czech Republic, Greece, Guatemala,
  Poland and Romania joined in 2008. For more information, visit the Manpower Inc. Web site at
  www.manpower.com and enter the Research Center.


  About Manpower Inc.
  Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry; creating and delivering
  services that enable its clients to win in the changing world of work. Celebrating its 60th anniversary in 2008, the
  $21 billion company offers employers a range of services for the entire employment and business cycle
  including permanent, temporary and contract recruitment; employee assessment and selection; training;
  outplacement; outsourcing and consulting. Manpower's worldwide network of 4,500 offices in 80 countries and
  territories enables the company to meet the needs of its 400,000 clients per year, including small and medium
  size enterprises in all industry sectors, as well as the world's largest multinational corporations. The focus of
  Manpower's work is on raising productivity through improved quality, efficiency and cost-reduction across their
  total workforce, enabling clients to concentrate on their core business activities. Manpower Inc. operates under
  five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More
  information on Manpower Inc. is available at www.manpower.com.

								
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