Job Market Monitor
Michel Cournoyer
France : Fixing a broken social model
Taking as its starting point the programme and campaign of Nicolas Sarkozy in the presidential election of 2007 around the ‘value of work’, this article reviews and assesses the main reforms undertaken during the period of his presidency. It focuses on the reform of working time regulations through tax exoneration for overtime hours, minimum income … Continue reading
Norway – Jobless rate still high for immigrants
Norway’s strong oil-fueled economy has kept the country’s unemployment rate low for years, but it’s still high for immigrants, especially those from Africa, South America and parts of Asia. The opposition Conservative Party thinks employment rules should be eased to allow for more temporary work contracts, to help immigrants get a foot in the door. … Continue reading
India – 82 percent IT graduates leave Goa for jobs
About 82 percent of the 1,000-odd information technology (IT) graduates from Goa’s technical education institutions have to migrate for jobs, a top official of a leading trade body said Monday. Addressing a press conference in Panaji, Goa Chamber of Commerce and Industry (GCCI) president Manguirish Pai Raikar said that a synergy between the state government … Continue reading
US – 14 million white-collar jobs are vulnerable to being outsourced offshore
Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so … Continue reading
Taipei – Next Media Group fined over layoffs
The Taipei City Government will fine a Next Media Group subsidiary for carrying out mass layoffs in contravention of the labor laws, Chen Yeh-shin (陳業鑫), head of the city’s Department of Labor, said yesterday. Next Multi-media Entertainment Services failed to give adequate notice to the city’s labor department that it planned to sack 234 of … Continue reading
China – Graduates willing to take less for first position
More than half of college students who will graduate next year are willing to accept a monthly salary of less than 4,000 yuan ($638), according to a survey released on Saturday. The survey, conducted by renren.com, a popular social networking website which launched its job-search service for graduates in July, ran from Aug 21 to … Continue reading
US – Closing The Jobs Deficit
The latest data on employment in the United States confirm that the American economy continues to recover from the Great Recession of 2008-2009, despite the slowdown engulfing the other G-20 nations. Indeed, the pace of private-sector job growth has actually been much stronger during this recovery than during the recovery from the 2001 recession, and … Continue reading
Europe – Deutsche Telekom to cut more jobs
Deutsche Telekom AG will have to cut more jobs to halt a slide in revenues in Europe, the German telecommunications company’s Europe chief told a German newspaper. Handelsblatt cited Claudia Nemat as saying in an interview that the company had struck an agreement with a trade union in Hungary over 500 jobs and was in … Continue reading
Australia – Governmental frontline services hit
PUBLIC servants in temporary positions were cut by the Newman Government despite internal warnings about the impact on frontline services. Documents obtained by The Courier-Mail under Right to Information laws have for the first time given revealing insights into the kinds of positions that were cut. Rather than desk-bound Brisbane bureaucrats being axed, the documents … Continue reading
Sweden – Volvo Cars to Halt Production
Volvo Car Corp. Monday said it would halt production for a week from Oct. 29 at its plant in Torslanda, Sweden, in the latest response to shrinking demand from an auto maker. “The recession in Europe is deepening and that impacts customers’ willingness to buy new cars,” said Volvo spokesman Per-Ake Froberg. “Therefore we have … Continue reading
US – Study shows $1.2 trillion gap for public pensions
The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday. The pension systems reported a median funding level of 75.1 percent. The study by the actuarial firm Milliman, which used … Continue reading
Job Satisfaction: UK vs Europe
It may appear the UK is a connoisseur in the job satisfaction market, and that the double dip recession is the antidote for increasing happiness at work, but there is a caveat: our European compatriots are fields ahead of us in this area: The stark reality is the satisfaction we have with our jobs and … Continue reading
Europe – School Cuts Will Sacrifice the Future
When the European Students’ Union begins its biannual convention Wednesday in the Cypriot resort of Limassol, its leadership will be focusing on one issue: cutbacks in education. Governments in many countries in the European Union are cutting back so much on education that when the E.U. economy recovers, it will be difficult to sustain growth, … Continue reading
UE – SME: further policy boost needed to help in recovery
Europe’s Small and Medium Sized enterprises (SMEs) continue to strive for recovery. If we take the EU as a whole so far their overall efforts have mainly led to ‘jobless’ growth, as shown by diverging trends in the EU-27 Member States. Today in Brussels, the first day of the 2012 European SME week, the European … Continue reading
Washington – Retirements surge, new hires plummet
The federal government’s long-awaited retirement wave is here, and it’s smacking headlong into the biggest hiring slowdown in a decade. And it’s not just retirements. Overall attrition shot up in 2011, which caused the government’s total workforce to drop by its greatest amount since the height of the government downsizing in 1999. With no end … Continue reading
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