Reorganization Costs

6 Months Ended

Jun. 30, 2012

(5) Reorganization Costs

We recorded net reorganization costs of $21.0 and $1.6 for the six months ended June 30, 2012 and 2011, respectively, in Selling and administrative expenses, related to severances and office closures and consolidations. These expenses are net of reversals of amounts recorded in previous periods, resulting mainly from larger-than-estimated cost savings from subleasing and lease buyouts as well as lower-than-expected severance costs. During the six months ended June 30, 2012, we made payments of $14.5 out of our reorganization reserve. We expect a majority of the remaining $35.9 will be paid in 2012.

Changes in the reorganization reserve by reportable segment and Corporate are shown below.

	Americas(1)			Southern Europe(2)			Northern Europe			APME			Right Management			Corporate		Total
Balance, January 1, 2012	$	4.0		$	4.2		$	11.8		$	1.2		$	8.2		$	-	$	29.4
Severance costs, net		4.8			0.2			1.9			-			3.0			-		9.9
Office closure costs, net		3.5			0.5			(0.3	)		-			7.4			-		11.1
Costs paid or utilized		(2.6	)		(1.4	)		(4.4	)		(1.2	)		(4.9	)		-		(14.5	)
Balance, June 30, 2012	$	9.7		$	3.5		$	9.0		$	-		$	13.7		$	-	$	35.9

(1) Balances related to the United States were $3.3 and $7.9 as of January 1, 2012 and June 30, 2012, respectively.

(2) Balances related to France were $3.5 and $3.4 as of January 1, 2012 and June 30, 2012, respectively. Balances related to Italy were $0.4 and $0.2 as of January 1, 2012 and June 30, 2012, respectively.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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