Randstad Holding has bought a 10% stake in Japanese HR services  firm FujiStaff Holdings for approx € 12.3m (£10.4m) in a private transaction. Fujistaff ranks number 6 in the Japanese staffing market. In the fiscal year ending March 2008, Fujistaff generated revenue of about € 700m (£593m). Fujistaff employs approximately 2,400 employees and works from 130 locations. 
 
The participation in the share capital strengthens the ties between Randstad and FujiStaff. Earlier this year the two companies launched a joint project, the Global Staffing Research Center, to survey and analyse the significance of HR services businesses in the labour market.
 

What do you think? Send your views to today's online editor Julian May