A new ILO study shows budget deficits have led to significant cuts in European public sector expenditure, employment and wages. It also discusses the key role of social dialogue under the present circumstances. Unprecedented public sector adjustments combined with a lack of social dialogue between government and employees has lowered job security, pay and working … Continue reading
Germany may be Europe’s most powerful economy. But its prosperity is so uneven that Poles just across the border see it differently: as a place where housing is a bargain. Fueled by an economic boom in their own country, Poles have been spilling into the former East Germany, still one of the poorest parts of … Continue reading
BERLIN — European mobile telephone operators are primed to enter a … Everything Everywhere cut 1800 jobs, or 11 percent of its work force, in 2011 and is on … Link: http://www.nytimes.com/2012/06/18/technology/18iht-telecoms18.html
Labour activists have been holding marches and rallies in Europe and around the world to mark May Day, at a time of austerity and social unrest. Politics coloured events in France – one of the eurozone’s dominant states – which elects a new president on Sunday. In Greece, which elects a new parliament the same … Continue reading
Europe Pushed to ‘Suicide’ on Austerity, Stiglitz Says – Bloomberg Nobel Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent toward “suicide.” “There has never been any successful austerity program in any large country,” Stiglitz, 69, told reporters in Vienna yesterday. “The European approach definitely … Continue reading
In early 2012, many analysts were predicting the imminent resumption of the recession in Europe. Against the backdrop of the worsening debt problems of Greece and Spain, the economic performance indicators in the EU for the first quarter were not the best. Now, the united Europe is threatened by a new attack: unemployment growth does … Continue reading
Among the jobs on offer are hotel managers, chef apprentices, engineers and “cocktail mixologists”, otherwise known as bar staff. Ben Bengougam, vice president of HR, Europe, said: “We’re looking for people with a good work ethic and a passion for delivering excellent customer service. In return, we provide a fun, exciting, varied and supportive environment … Continue reading
doesntevenmakesense.com has gathered the following statistics about the European economic crisis that are ‘almost too crazy to believe….’ Greece #1 The Greek economy shrank by 6 percent during 2011, and it has been shrinking for five years in a row. #2 The average unemployment rate in Greece in 2010 was 12.5 percent. During 2011, the average unemployment rate was 17.3 … Continue reading
The Guardian – GM would stick to a labour deal that limits factory closures before 2014, Girsky indicated nonetheless that there would be job losses from its European business. “We know in the future that there may not be the same amount of people here as there are today. It is important that we create … Continue reading
The European Commission has set up an independent group of experts on literacy chaired by Princess Laurentien of the Netherlands. EU Ministers have set a target of reducing the share of pupils with difficulties in reading, maths and science to fewer than 15% by 2020. “The launch of this group marks the start of a … Continue reading
“This paper look at the impact of the economic and financial crisis on pensions policy across Europe, and assesses the first measures proposed and/or introduced in four EU countries. France and Sweden are typical examples of social insurance systems, while Poland and the UK are examples of multipillar systems.” writes David Natali in Pensions after the financial and economic crisis: … Continue reading
Viola Caon left her Italian home to find work. Now she returns to see how her former classmates are faring… and in the week that shocking figures showed how badly Europe’s youth is being hit by the unemployment crisis, we also talk to hard-hit twentysomethings in Athens and Madrid Maybe being young is never easy. … Continue reading
Following the Fed’s somewhat downbeat perspective on growth, confidence in investors’ minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as theWorld Bank points out half of the world’s approximately $15 trillion trade in goods and services involves Europe. So the next time some talking … Continue reading
In 2009, the European Commission requested an opinion, to the European Economic and Social Committee (EESC) on the opportunity to create sector councils on employment and skills at European level in ordre to better match skills to the needs of industry and services undergoing change. The report The EESC supports setting up sector … Continue reading