Job Market Monitor
Brazil
Brazil – Unemployment has doubled in three years
Brazil was downgraded yet again this week by Standard & Poor’s to BB-, and unemployment has doubled in three years from a little over 4% to 9%, the Brazilian Institute for Geography and Statistics, or IBGE, said on Friday. Jobs in Brazilian manufacturing are on the wane, with job totals declining 6.2% last year, the … Continue reading
Uber in Brazil – It increases unemployment says president
The president of Brazil, Dilma Rousseff, has criticised ride-sharing service Uber for increasing unemployment, adding to a chorus of labour concerns about the world’s most valuable venture-backed startup. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby lawmakers in Brazil’s three biggest cities. São Paulo, … Continue reading
Brazil After The World Cup – In recession
Brazil’s economy slipped into recession for the first time in more than five years as investments contracted on lower confidence before the October presidential election. Gross domestic product (GDP) shrank by 0.6% in the April-June period from the previous three months, after contracting a revised 0.2% in the first quarter, the national statistics agency said … Continue reading
Brazil / Teen pregnancy and unemployment
A report released in October by the Organization for Economic Co-operation and Development highlighted that Brazilian youths, aged between 15 and 24 years, are more likely to be unemployed than the population average Continue reading
GM in Brazil / To layoff over 1,000
The Brazilian affiliate of U.S. automaker General Motors has confirmed the layoff of more than 1,000 employees from one of the multinational’s factories in Sao Jose dos Campos in Sao Paulo state, official sources said. The decision will affect 1,053 workers, a number that includes employees who had already joined the Voluntary Resignation Program, or … Continue reading
Brazil / Low unemployment rate matches record but …
Fewer Brazilians are working and even less are looking for work Continue reading
Brazil / Unemployment falls to record low but real wage bill growth is at its lowest level
Brazil’s wage growth is starting to ease. It’s still growing, but it is growing much slower than it has in the last two years even as unemployment hit a record low in October. Continue reading
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
Brazil / President seeks 20% racial jobs quota
Brazil’s president is to ask parliament to pass a law reserving 20% of the nation’s government jobs for blacks. Continue reading
Brazil / Labor Market Begins To Cool
Higher wages and high demand for both skilled and non-skilled workers has kept unemployment at record lows of around 5.5%, but that trend may be drawing to a close Continue reading
Brazil / Govt Has Created More than 4 Million Jobs since 2011
Brazilian President Dilma Rousseff, stated today that more than four million new formal jobs have been created since 2011, an important step in reducing inequality in the country. More jobs and wage increases are key factors for reducing inequalities in the country, Rousseff stressed today in her weekly radio program, “Coffee with the President.” “If … Continue reading
Telefonica Brasil / To cut 1,000 jobs
Telefonica Brasil SA has opened a voluntary buyout program to cut 1,000 jobs, a union said on Wednesday, as the Brazilian phone company works to keep down costs and overhaul its flagging fixed-line operations. The Brazilian unit of Spain’s Telefonica said it was carrying out an “administrative reorganization to maintain competitiveness,” according to a press … Continue reading
Brazil / Petrobras $15.4 billion costs cutting – Impacts on jobs unknown
Brazil’s state-led oil company Petrobras (PETR4.SA) plans to cut costs by 32 billion reais ($15.4 billion) between 2013 and 2016 to stanch the impact of falling output and rising debt on its ambitious expansion plan. The plan will focus on 39 areas that accounted for 43 billion reais of spending in 2011 and seek to … Continue reading
Brazil / Gol to cut 850 jobs
Gol Linhas Aéreas SA, Brazil’s second-largest airline, will cut as many as 850 jobs and reduce its fleet next year as a result of the closure of its Webjet subsidiary, the company said in a securities filing on Friday. The company will book an unspecified charge this quarter, according to the filing, adding that the … Continue reading
Brazil – GM postpones layoffs decision until Nov
General Motors Co and a Brazilian union have agreed to postpone until November a politically sensitive decision to eliminate as many as 1,840 jobs at a factory near São Paulo. The decision, following tense talks and heated reminders by Brazil’s government that current tax cuts enjoyed by the carmaker go hand in hand with a … Continue reading
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