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NEW YORK, Nov 2- A ``wage scar'' caused by workers accepting lower pay could slow the pace of U.S. economic recovery for years to come, the chief executive of global staffing services company ManpowerGroup said on Fri day. ``You make a compromise and you're now making $25,000 and you used to make $30,000,'' Joerres said. ``That kind of follows you... throughout your career.
MILWAUKEE-- ManpowerGroup's third-quarter net income fell 21 percent as the staffing company's results continue to be pressured by softer foreign currencies. For the three months ended Sept. 30, ManpowerGroup earned $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, in the prior-year period.
*Deutsche Bank raises MAN to buy from hold For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.
*JP Morgan raises Volvo AB price target to Sek 130 from Sek 118. *JP Morgan cuts Scania AB price target to Sek 151 from Sek 160. *JP Morgan cuts MAN price target to 81 euros from 83 euros.
*More than 137,000 temp jobs have been added in 2012. Oct 5- Businesses wary about the U.S. presidential election and the outlook for fiscal policy will probably hire temporary workers in the fourth quarter rather than full timers, a view that lifted staffing company shares on Friday.
FRANKFURT, Oct 4- German carmaker Volkswagen. Volkswagen, Europe's biggest carmaker and on course to overtake U.S. rival General Motors this year as the world's second-biggest carmaker, aims to sell 10 million vehicles by 2018, up from the 8.36 million recorded last year. The figure includes those made by truck units MAN and Scania.
Jeffrey Joerres, Manpower Group president/CEO with a look at the U.S. jobs market and what it will take to get Americans back to work.
Looking for jobs in a soft economy, with Jeff Joerres, Manpower Group chairman.
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