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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
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
US – Are more jobs coming back?
After years of jobs moving overseas by the million, some are trickling back. China’s largest PC manufacturer, Lenovo Group, recently announced that it will open its first manufacturing plant in the U.S. The company expects to create 115 jobs in North Carolina, where it also operates customer service facilities and data centers. And in late … Continue reading
Asia – Youth unemployment is a time bomb
Rising youth unemployment could endanger Asia’s social stability. Asia must come to grips soon with the growing number of unemployed young people or it risks increasing social problems or even violence, as witnessed in cities in Europe and throughout the Arab world, say labour specialists. “Seventy-five million youth, under the age of 24, across the … Continue reading
Germany – Growing more open to immigrants?
Studies show that increasing numbers of highly skilled immigrants are coming to Germany. They face a number of hurdles, but there are positive signs in the country’s changing attitudes toward them. “So, how’d you learn to speak German so well?” – It’s a question journalist and TV moderator Elif Senel hears all the time, despite … Continue reading
Canada – Philippines is number 1 source of Asian immigrants
Filipinos now ranked as the top Asian immigrants in Canada, a parliament official said. Kevin Lamoureux, Member of Parliament for Winnipeg North, who visited Pampanga over the weekend to foster cooperation between local officials here and discuss immigration policies, said the Filipino community in Canada has proven to be a vital force in local industries … Continue reading
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