Job Market Monitor
Europe
European Universities / An ‘F’
Outmoded teaching, overcrowded classrooms and even broken windows are common complaints by both teachers and students at French universities – even the Sorbonne, one of Europe’s oldest and most illustrious schools. Classes often begin with a hunt for spare chairs as classrooms built for 20 students regularly pack 40 or more. Sometimes students are forced … Continue reading
Europe / Young Professionals Brain Drain
Tiago Lambuca left Portugal to search for work here as an architect, but the decision to emigrate was about more than earning a wage. “You can find work in Portugal . . . but nothing that offers a career,” the 29-year-old said as he sipped juice in an open-air cafe in the shadow of Sao Paulo’s art … Continue reading
Europe / Brain Drain / Germany pulling away the best and the brightest workers
More than three years into an economic crisis that has threatened to tear Europe apart, one country is still on a hiring spree, and it is pulling away the best and the brightest workers from its neighbors along the way. Thousands of professionals from recession-struck Spain and Greece have been streaming into Germany, where joblessness … Continue reading
Europe / Recession / Turning off the heat and skipping meat at Christmas
The euro zone debt crisis has put a damper on this festive time of year in southern Europe. In Greece, families say they’re turning off the heat and skipping meat at Christmas dinner. Lisboners will be cutting back on gifts (one cleaning lady told Reuters she will only give “bare necessities”). And Italian civil servant … Continue reading
Global Job Gap / At least until 2017 to recoup the lost in the US and Europe says UN
World economic growth has weakened substantially this year and faces the confluence of a triple threat — the fiscal cliff in the United States, a worsening European debt crisis and a sharp slowdown in China, the United Nations said in a year-end report released on Tuesday. The worst case, the report said, could be a … Continue reading
Europe will have to work very hard for its welfare system says Merkel
Europe will have to “work very hard” to maintain the most generous welfare system in the world and remain globally competitive, said Angela Merkel, the German chancellor, in an interview with the Financial Times. The key to Europe’s ability to survive the challenge of globalisation is to spend more on research and education and overhaul … Continue reading
Europe / NEET / 7.5 million young people aged 15–24 and an additional 6.5 million young people aged 25–29 were excluded from the labour market and education in Europe
“The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29” writes the European Foundation for the Improvement of Living and Working Conditions in NEETs Young people not in employment, education or training: Characteristics, costs and policy responses in Europe. (Adapted choosen excerpts by Job Market Monitor to follow). Apart from the challenges that young people … Continue reading
Eurozone recession to continue into 2013 says Markit
he rate of contraction in the eurozone economy eased slightly in November, according to a closely-watched survey. But the region is still in line for another quarter of recession with further contraction likely in early 2013, according to Markit, who produced the survey. Its Eurozone Composite Purchasing Managers’ Index (PMI), which measures business activity, rose … Continue reading
Europe / Punitive tariffs Chinese photovoltaic manufacturers put 30,000 European jobs in danger
In a new study, AFASE has laid out the consequences it expects anti-dumping and anti-subsidy duties on Chinese photovoltaic manufacturers in Europe will have. Expected European-wide is a fall in demand, job losses and price increases. In China, the market leaders boast a capacity of 2 GW or more; in Europe there is no manufacturer … Continue reading
Bridgestone / More than 500 jobs cut in Europe
Bridgestone announced it will cut almost 500 jobs in Europe due to sluggish tire sales. Most part of the job cuts, 442 from the total of 510, will be made in Spain, where Bridgestone has three plants, while the rest of the jobs will be cut from the company’s plant in Bethune, France. In Europe … Continue reading
Job cuts around Europe
Here is look at major company job cuts announced and planned around Europe in the past month as economic worries spread: Source: via FACTBOX-Job cuts around Europe | Reuters.
United States and the major European economies – Bouncing Back from the Great Recession
When the economic shocks that cause recessions in different economies have large common components, there may be lessons to be learned by studying how different economies respond write Thomas F. Cooley, B. Ravikumar, and Peter Rupert in Bouncing Back from the Great Recession: The United States Versus Europe in Federal Reserve Bank of St. Louis Economic Synopses (Adapted … Continue reading
Europe | What Next for Airlines?
Despite relentless consolidation in the European airline industry over many years, few national carriers have disappeared entirely. Hungary’s Malev went bust earlier this year. Belgium’s Sabena is long gone. But most live on even if they have been absorbed by bigger rivals. Still, rarely has the pressure to cut costs to save national carriers proved … Continue reading
Youth Unemployment – US vs Europe
The latest unemployment statistics released this week on both sides of the Atlantic show that the number of jobless is continuing to rise in Europe far above the rate in the U.S., and the picture is especially bleak for young Europeans under the age of 25. In the 27 E.U. nations as a whole, the youth unemployment … Continue reading
Europe – Medical Skills – Doctors to lose their jobs if they fail yearly test | Metro.co.uk
Doctors who fall below standard could lose their licence to practise in ‘the biggest change to medical regulation in 150 years’. They will be assessed every year to see if they are fit to stay on the medical register, under a scheme set to start in December. The General Medical Council said it would be … Continue reading
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