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Malaysia / Minimum Wage / Efforts to smoothen the transition for small and middle industries are seriously lacking
Although the minimum wage law is scheduled to take effect in January 2013, the Barisan Nasional government does not seem to be particularly committed to re-imagine the Malaysian economy through wage policy reform. Efforts to smoothen the transition for small and middle industries are seriously lacking too. Minimum wage is meant to tackle several long-standing … Continue reading
US / All Time Biggest Layoffs
Hewlett-Packard It’s hard to top, or bottom, the recent mass firings by past-its-prime Silicon Valley stalwart Hewlett-Packard. The last few years have been dreadful for the computer manufacturer. Longtime CEO Carly Fiorina was shoved out the door after a disastrous merger with Compaq. Her successor Mark Hurd followed suit after a sex scandal, and his … Continue reading
Spain / Bankia cuts 6,000 jobs
Spain pushed forward on Wednesday with a major overhaul of the country’s stricken banking sector after Brussels approved EU-funded restructuring plans, and with nationalised Bankia saying it will slash 6,000 jobs and is set for a huge loss. Meanwhile the Bank of Spain delivered more bad news on the overall economy, saying country appears stuck … Continue reading
Europe / Job search network EURES improved
The European Commission decided to improve EURES, the EU job search network in order to increase mobility of workers across Member States and contribute to the establishment of a true European labour market. The new EURES website will facilitate the contact between jobseekers and employers looking for particular skills, focus on sectors and occupations with … Continue reading
Closing the Achievement Gap
By age 3, children in low-income families have smaller vocabularies than middle-class kids of the same age. This “achievement gap” persists throughout school and culminates in lower graduation rates for children growing up in poverty. I’m not offering a magic bullet to close the achievement gap. Complex problems, unfortunately, tend to require complex solutions. But … Continue reading
France / Muslims Face Job Discrimination
A new study has revealed that French Muslims of African descent are facing discrimination in the job market, with employers are favoring Christian applicants than their Muslim peers. “Without that information, it’s impossible to understand and fix situations where citizens are being discriminated against,” Stanford political science professor David Laitin was quoted as saying by … Continue reading
Virginia and Kentucky / Southern Coal announces massive miner call backs
Southern Coal Corp. announces massive call backs and hiring of miners in Southwest Virginia, Southern West Virginia and Eastern Kentucky. The company has worked over the last month with several customers to secure coal orders to be able to save jobs as well as reopen mines closed earlier this year. Southern Coal has entered into … Continue reading
China / Gender gap widening
The income gap between men and women in China is growing partly because of gender inequality, particularly in the job market, according to a survey. In 2010, urban women’s income was 67.3 percent that of men’s and rural women’s income was 56 percent that of their male counterparts, the survey found. The ratios were 77.5 … Continue reading
Germany / The preferred immigration destination for highly skilled Hungarians
The migration bug at present biting disgruntled skilled workers in every European country has long been a feature in Hungary, with numerous highly skilled younger Hungarians leaving for Germany over the last 16 years. However, the rate at which talented young workers are leaving their home country has accelerated since 2007, with emigrant numbers up … Continue reading
Indiana / Iron company to create 100 jobs
An iron-recycling company is investing hundreds of millions to build a new plant in White County, creating 100 new jobs and bringing even greener industry to Indiana. Magnetation, LLC, which recycles iron waste to produce valuable iron ore concentrate, announced plans Tuesday to invest up to $350 million to build a new iron-ore pellet plant … Continue reading
Costa Rica / Immigration decreased by 7.5 percent in the last decade
Immigration to Costa Rica decreased significantly in the last decade, dropping from 7.5 percent growth in the period from 1984-2000 to just 2.4 percent in the last decade, according to a recent study by local and international organizations. The study was presented last week by immigration and public security officials, and found that Nicaraguan and … Continue reading
Europe / Rethinking Education strategy
The youth unemployment rate is close to 23% across the European Union – yet at the same time there are more than 2 million vacancies that cannot be filled. Europe needs a radical rethink on how education and training systems can deliver the skills needed by the labour market. The challenge could not be tougher … Continue reading
Denmark / Saxo Bank to cut 266 jobs (17,5% of workforce)
Denmark’s Saxo Bank is to cut its workforce by 17.5 percent because of reduced trading activity, a source close to the company told Reuters. A total of 266 of the bank’s 1,513 employees will lose their jobs,” the source said. The bank declined to comment until after it had released a statement later on Tuesday. … Continue reading
Russia / 1.3 million on minimum wage
Over a million Russians get a monthly wage of $148, most of them from the public sector, well below the $220 poverty line. 650,000 Russians out of 1.3 million living on the minimum wage work in the public sector, according to the country’s Public Health and Social Development Ministry. The minimum wage is the lowest … Continue reading
UK / Derby City Council cuts another 350 jobs
A further 350 jobs are to go at Derby City Council, taking the total number of cuts to 1,000 in three years. The cuts have been announced as council bosses said the authority needed to reduce its budget by £63m by 2015. City council leader Paul Bayliss said it was also looking at other ways … Continue reading
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