DJ Volkswagen Scandal Could Spell Trouble for Staffers -- Market Talk
1114 GMT The scandal at Volkswagen could spell trouble for European staffing companies if the crisis widens to the entire automotive industry, ING says. Switzerland's Adecco, for example, generates nearly 10% of sales from the sector, while Dutch peer Randstad gets 7%, the bank says. Although the companies' exposure to Volkswagen is negligible, the impact would be more serious if the scandal engulfs other car makers. "If the fire spreads...there might be a few [percentage points] of revenue growth at stake," ING says