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Europe – Lower skilled workers face increasing difficulties to find a job
Low-skilled workers encounter increasing difficulties to find a job, face lower job stability and are out-competed by medium-skilled workers even in elementary occupations. In contrast, job opportunities are growing in some high-skilled professions. These are the main findings of the European Vacancy and Recruitment Report 2014 published today. The report also highlights the increase in … Continue reading
Australia – To raise the nation’s retirement age to 70
Australian Treasurer Joe Hockey wants to raise the nation’s retirement age to 70, the highest in the world, to prevent an aging population from draining state coffers. Miner Noel Chatterton laughs at the idea.“Good luck with that,” said the driller, who at 48 will be among the vanguard of workers who would be affected by … Continue reading
US Economy in Q1 – Shrunk by most in five years
The U.S. economy contracted at a worse pace than previously estimated in the first quarter, marking its sharpest pullback since the recession ended five years ago. Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of … Continue reading
Avon – To cut about 600 jobs
Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit. The direct seller of cosmetics, which has posted losses in five of the past six quarters, had about 36,700 employees, including 4,300 in the United States, at the end … Continue reading
Companies are taking out life insurance policies on their employees, and collecting the benefits when they die
Employees at The Orange County Register received an unsettling email from corporate headquarters this year. The owner of the newspaper, Freedom Communications, was writing to request workers consent to take out life insurance policies on them. But the beneficiary of each policy would not be the survivors or estate of the insured employee, but the … Continue reading
Zimbabwes – An unemployment crisis
Unemployment in Zimbabwe is on the rise as businesses close or downsize. In Harare alone, 711 companies shut down in 24 months. via Multimedia Video: Zimbabwes unemployment crisis – Mail & Guardian.
Canada – Bullying at work declines survey finds
The percentage of Canadians who have witnessed or experienced harassment in the workplace has noticeably declined in the last two years, according to a Leger Marketing poll commissioned by Queen’s School of Business. According to the 2014 study, which mirrors a similar poll in 2012, 23% of Canadians say they have personally experienced workplace harassment … Continue reading
iPhone 6 – 100,000 new jobs in China
Chinese manufacturing powerhouse Foxconn is preparing to assemble stuff like its never assembled stuff before, with reports from China suggesting the companys vast network of facilities may be employing an extra 100,000 workers to handle the logistics of making millions of iPhone 6s over the coming months. via iPhone 6 Production Explosion Creates 100,000 New … Continue reading
US – Millionaires have received $29.8 million in unemployment benefit or 0.03% of total report finds
Under the federal-state Unemployment Insurance (UI) system, there is currently no prohibition on the receipt of UI benefits by high-income unemployed workers. States, which determine many of the eligibility requirements for UI benefits, may not restrict eligibility based on individual or household income. Recent Congresses, however, have considered proposals to restrict the payment of unemployment … Continue reading
US- 5 years after the Great Recession
The economy reached another milestone last month: All 8.7 million jobs lost in 2008 and 2009 have now been regained. But while the nations payrolls are back to their previous high, they havent kept pace with growth in the working-age population over the last few years. Moreover, many of the jobs lost have been replaced … Continue reading
US – Fewer than half of U.S. workers are satisfied with their jobs
Fewer than half of U.S. workers are satisfied with their jobs, based on a set of survey questions about Americans’ opinions about their workplaces, compensation, job security, co-workers, bosses, chances for promotion, etc. The share is much lower than it was in 1987, when the series began. Interestingly, dissatisfaction among the youngest workers seems to be driving the … Continue reading
Foxconn in India – Layoffs announced
Foxconn India announced to its employees that it is “considering layoffs/retrenchment”, just two days after the company offered a voluntary retirement scheme VRS that would be valid till June 20. ET had written about the companys VRS plans on June 3, 2014, and this is the first time Foxconn is making it official. The company … Continue reading
Skills Gap in Germany – Students snub vocational schools
Forget the strong euro or competition from Asia. German industry’s main concern today isn’t selling its products but finding the people to make them. The country’s 200-year-old two-tier education system, credited for building one of the most productive workforces on the planet, is sputtering as young Germans increasingly shun vocational schools—the gateway to manufacturing careers—for … Continue reading
Haier Group – 26,000 Layoffs in two years
China based Haier, maker of appliances and consumer electronics, started 2013 with 86,000 employees worldwide, but that number is likely to be about 60,000 by the end of 2014. Most of those layoffs have already happened. The company laid off 16,000 workers in 2013, and by the end of May 2014 the number was at … Continue reading
Job Search in UK – Applicants do not have to disclose minor offences
The Supreme Court has ruled that forcing job applicants to disclose minor crimes as part of background checks is a breach of their human rights. The ruling is related to the case of a man, identified only as “T” in court, who was denied employment at a football club and later a place at university … Continue reading
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