Manpower Inc. (NYSE: MAN), a world leader in the employment services industry, announced today that it has entered into a partnership with Vietnam's Ministry of Labor, Invalids and Social Affairs (MOLISA) to jointly create employment opportunities and stimulate economic development in Vietnam.
"This historic partnership is a tremendous milestone, as it combines Manpower's global expertise in labor markets and employment services with MOLISA's knowledge and insights of Vietnam's labor market policies," said David Arkless, Manpower Inc. Senior Vice President of Global Corporate Affairs. "Our investment in Asia's most dynamic emerging economy represents not only Manpower's, but also Vietnam's commitment to creating sustainable jobs and meaningful work for the people who need them the most."
Under the Memorandum of Understanding (MOU), signed 24th November, Manpower Inc. and MOLISA formalized a three-year partnership to cooperatively develop employment services and labor information systems, forecast labor market needs, and identify labor requirements of enterprises in Vietnam. The partnership will promote development by jointly organizing study tours and seminars to exchange information on international practices and experiences. Manpower and MOLISA will also jointly lead a pilot project on employment services.
"It is our goal that this partnership with Manpower, and their 60 years of experience operating in the global labor market, will contribute to the regional development of the labor market in Vietnam," said Mr. Nguyen Thanh Hoa, Vice Minister, MOLISA.
The signing of the MOU follows the opening of Manpower's Vietnam Head Office in Hanoi in January. Manpower Vietnam offers services in outsourcing, recruitment and human resources consulting.
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 http://www.manpower.com/.
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