Job Market Monitor
Europe
Europe – Rio Tinto – To cut 30% of workforce
Rio Tinto is planning to cut costs and jobs in Europe by 30 per cent by the end of 2013, a union official says after meeting with company executives. “They told us that we have to reach a reduction of costs on the order of 30 per cent. This announcement will certainly worry employees,” said … 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
MANAGING SKILLED ECONOMIC MIGRATION IN EUROPE
Immigration has turned into a politically sensitive issue in almost all of the economically developed receiving states. Particularly in Europe, this situation has led to the replacement of post-war laissez-faire approaches to labour migration with tighter policies in a number of countries, influencing also the entry conditions of high-skilled migrants from the third countries in … Continue reading
Implications of EU Enlargement for India-EU Labour Mobility
1 May, 2004 marked the fifth and the largest European Union enlargement, with accessions for 10 countries, eight of which were Eastern European. Following this, another round of enlargement took place in 2007, which gave Bulgaria and Romania EU member status. –The introduction of these new States to the EU opened up a whole new … Continue reading
Europe’s minority youth face extra hurdle in job hunt
France, with Europe’s largest concentration of Muslim and North African immigrants, is on the front lines of the discrimination problem, but it is not alone. In Germany, a university conducted a study sending out identical resumes in response to … http://www.winnipegfreepress.com/business/as-crisis-swirls-europes-minority-youth-face-extra-hurdle-in-job-hunt-discrimination-169594506.html
European Trade Union Confederation to European Commission – End collective austerity
On the eve of the European Commission’s major employment policy conference Jobs for Europe the European Trade Union Confederation (ETUC) appeals to European policy makers to face up to the failure of austerity and adopt an alternative approach. As politicians, EU and international officials, academics, experts and the social partners gather to discuss how to … Continue reading
Europe – Branding for Increased Poverty
Record high unemployment in the EU has forced some of the larger consumer goods companies to shift marketing strategies. They target poverty-stricken Europeans’ demand for cheaper goods in the midst of an economic crisis. Unilever – the third-largest consumer goods company in the world, which manufactures hundreds of brands like Aviance, Ben & Jerry’s, Dove … Continue reading
Europe – The downturn has been under way for years
The euro zone is hurtling back into recession, economists declared after official figures this week portrayed a shrinking economy. But by some measures the downturn has been under way for years. With the exception of Germany, none of Europe’s biggest economies have returned to the level of economic output they had at the beginning of … Continue reading
‘Economic suicides’ shake Europe
Antonis Perris, a musician unemployed for more than two years, was desperate. Perris wrote in an online forum late one night that he had run out of money to buy food and cursed those responsible for the economic crisis in Greece. “I have no solution in front of me,” he typed. The next morning, Perris … Continue reading
Europe – Hierarchies ‘stifle innovation at work’ and Chinese better at fostering ideas from junior staff, claims report
Workplaces in Europe are failing to make the most of innovative ideas from junior members of staff because of an ingrained hierarchical approach, a study has claimed. Only 8 per cent of European respondents to the KPMG Tech Innovation Survey said that their organization was good at ‘spotting and nurturing innovation from the bottom up’. … Continue reading
Europe Weak Job Market – Manpower profit slumps
Global staffing services provider ManpowerGroup (MAN.N) on Friday reported sharply lower quarterly profit that beat Wall Street expectations as Europe’s major economies weakened and a stronger dollar reduced results. Net earnings fell 44 percent to $41 million, or 51 cents per share, from $72.7 million, or 87 cents per share, a year ago. Excluding one-time … Continue reading
Europe – Unemployment – A tragic past
Just like in the 1930s, when the Great Depression caused youth unemployment to hit the 50% levels in Germany, the current financial crisis is wreaking havoc on young people. Young people are always hardest hit due to their lack of work experience. This is now accentuated as the youngster from Athens competes directly against the … Continue reading
Unemployed Europeans Get Brazilian Visas And a Bride
Being young and European right now can be pretty bleak, with the average EU youth unemployment rate standing at 22.4% — and rates in Spain verging on a Great Depression-like 51%. Unsurprisingly, a lot of young Europeans want to move abroad, but moving abroad isn’t always easy — or even legal. This report in Brazilian … Continue reading
Eurozone – Finland could leave rather than pay other nations’ debts
“Finland is committed to being a member of the eurozone, and we think that the euro is useful for Finland,” Ms Urpilainen told financial daily Kauppalehti, adding though that “Finland will not hang itself to the euro at any cost and we are prepared for all scenarios”. The finance minister stressed that Finland, one of … Continue reading
Europe joblessness among young rises – Eurozone: 22.6%, Spain: 52.1%, Italy: 36.2% …
More than one in three young Italians are out of work after the youth unemployment rate hit a record 36.2pc in May. The figure was a rise from 35.3pc in April, and far outpaced the eurozone average of 22.6pc in May. Unemployment among the under-25s also remained a huge problem in Spain, where more than … Continue reading
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