In November 2008 we received approval to merge Randstad France and VediorBis, which leads to the closure of 72 branches in Q1 2009. The new plan consists of 85 branch closures on top of the merger plan. Around 100 FTEs out of the 489 FTEs and € 5 million of the savings are part of the initial synergies that will be brought forward. The 85 branches will be merged into branches nearby, enabling us not to leave any geographic areas.

The provision of € 25 million for the plan is not related to the general restructuring provision for various countries (ex. France) of € 10-15 million that we announced in November 2008.

Our management in France is committed to continue the social dialogue with trade unions and the French Works Councils. On this basis we plan to start the implementation of the new plan mid 2009.

The French press release can be downloaded from www.randstad.fr and www.vedior-france.fr

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