SCHINDLER partners with ARINSO for Managed Payroll Services in 14 countries

5/17/2004, 7:00 AM (Source: GlobeNewswire)
Pan-European Payroll on a Single SAP Instance

Brussels - 17 May 2004
ARINSO International (EuroNext Brussels: ARIN), a leading provider of
HR Technology Consulting & Outsourcing, announced a new contract in
Managed Payroll Services for Schindler, the world's leading supplier
of escalators, elevators and moving walks. Under this contract,
ARINSO People Services will eventually operate Payroll services for
16,600 employees in 14 countries across Europe. The contract covers a
period of 5 years. This deal again demonstrates that Payroll is among
the HR processes offering the highest potential for clients & vendors
to reduce administrative cost and increase HR Service levels. Many
organizations expect that pan-European payroll outsourcing will
deliver a substantial competitive advantage in terms of reliability,
speed & quality of management information.

As of January 2005, ARINSO starts servicing an initial population of
3,400 staff in Spain & Italy. An additional 13,200 staff in Germany,
Switzerland, Norway, Portugal, UK, the Netherlands, Denmark, Sweden,
Belgium, Finland, Austria & France will be added throughout 2005 &
2006. The total contract value will approach 9 million EUR.

ARINSO delivers the services from its service centres in Madrid &
Brussels. All service centers operate on ARINSO's proprietary global
service centre technology, which includes the ARINSO HR Workspace®,
as part of ARINSO's 'hub-&-spokes' infrastructure.

Ignacio Palomera, Regional Director for ARINSO Southern Europe:
"This new global Payroll contract proves that ARINSO is able to help
multinational employers to outsource & optimize the back-office of
their payroll process, while achieving ambitious cost reductions.
Although payroll is not really a core process to many corporations,
it is clearly an essential one that deserves full dedication."

Juan Luis Ledesma, Schindler's European HR Vice President:
"We chose ARINSO because from the outset they demonstrated skills
that made a difference with other potential suppliers: Authentic
service orientation, responsiveness, professional know-how and
experience in international projects. Last but not least, when
talking to ARINSO people we always feel they get things done.
Together, we'll form a reliable team able to deliver a successful
cooperation. Our decision to move to Managed Payroll was based on a
Business Case that mapped several alternatives. Both from a financial
& HR point of view, this agreement offers the best perspectives to


ARINSO International (Euronext Brussels: ARIN) is a global HR
Services partner offering comprehensive HR business solutions to the
world's largest employers. ARINSO is dedicated to HR Excellence
through Strategic Consultancy, Outsourcing Services & Technology
Integration Services.
ARINSO was founded in 1994, and currently employs close to 1,500
staff in 22 countries: Belgium, Luxemburg, the Netherlands, France,
Spain, Portugal, Italy, the United Kingdom, Germany, Sweden, Finland,
Poland, Switzerland, the United States, Canada, Argentina, Brazil,
Mexico, Singapore, Malaysia, Thailand & Morocco.

SCHINDLER is a leading supplier of escalators, elevators and moving
walks with over 125 years market presence. The Schindler Group's
consolidated operating revenue amounted to CHF 8.5 billion in 2002.
The Schindler Group has more than 39,000 employees worldwide.
The Elevator and Escalator Division (E&E) is a worldwide operation,
with own local companies in all major markets on the five continents.
Schindler elevators & escalators move more than 700 million people
every day.
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ARINSO International
Luc Osselaer
VP Communications & Investor Relations
Tel. +32 2 558 06 70
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