Job Market Monitor
Germany
Spain and Germany sign an agreement to provide vocational training
Germany signed up on Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. “Each year nearly 5,000 young Spaniards will be able to benefit from vocational opportunities or even from stable and skilled jobs in Germany,” Spain’s Employment Minister Fatima Banez said after signing … Continue reading
Thailand and Germany / A treaty on vocational education development
The cabinet has approved a cooperation treaty on vocational education development between Thailand and Germany aimed at bringing excellence to the Thai education. Mr. Tosaporn Sererak, spokesperson for the Prime Minister’s Office announced the outcomes of the cabinet meeting, saying the ministerial council has approved a treaty in which the Ministry of Education of Thailand … Continue reading
US Unemployment vs Germany: Not due to GDP Growth
Growth in Germany and the United States have been virtually identical since the beginning of the downturn. While Germany has a large balance of trade surplus, in contrast to the deficit in the United States, its consumption growth has been weaker. Chosen excerpts by Job Market Monitor via Low Unemployment in Germany: The Story Is … Continue reading
Compare attitude on Youth Unemployment and the Apprenticeship Gap
Kudos to David Leonhardt for calling attention to the staggeringly high American youth unemployment rate — 26.6 percent — compared to rates in Europe and Japan. I just want to add that in addition to overall sluggish job creation, one of the problems is that American employers tend to avoid job training and seek workers who … Continue reading
Germany / Low Wage Workers Dependent on Welfare Benefits
Germany’s low unemployment rate is the envy of much of Europe. Yet it masks the difficulties many working Germans have in making ends meet and their reliance on welfare benefits. The issue could become important as the election campaign heats up. Despite Germany’s low unemployment rate, a growing number of the working poor in the … Continue reading
Germany / Shortage of skilled labour is one of employers biggest problems
“It is getting very difficult to find qualified people,” says Mr. Traublinger, whose family company employs 150 people besides Mr. Henares. “Unemployment is so low – there just aren’t the qualified people on the market. Everyone wants to hold on to the people they have.” Even amid the euro zone debt crisis, German employers say … Continue reading
Germany vs US / The Hartz reforms and Obama
The origins of Germany’s labor-market turnaround dates back to the mid-1990s, when its ruling class decided that things could not continue to go on this way. A humiliated Germany, of “Wirtschaftswunder” fame, had joined the rest of Europe in recording double digit unemployment rates, peaking at 13 percent in early 2005. The fabled German engineering … Continue reading
German Latest Data / Unemployment Climbs
German unemployment rose for a second month in April, adding to signs that Europe’s largest economy is struggling to recover from a slump at the end of last year. The number of people out of work climbed a seasonally adjusted 4,000 to 2.94 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase … Continue reading
Imtech / 1,300 jobs cut
Imtech (IMUN.AS) said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company. Total costs related to financial irregularities still being investigated in Germany and Poland rose by 70 million to 370 million … Continue reading
Germany / Vodafone to cut 500 jobs
Vodafone will cut 500 jobs in Germany, the company said, as the group adjusts to harsher competition and lower fees in Europe’s largest economy. “We have started a two-year program,” a spokesman said, confirming reports in the Frankfurter Allgemeine Zeitung and Rheinische Post. The company aims to shift some operations to Romania and India, as … Continue reading
Germany / Gender Gap / Legally binding quotas would be imposed
The German Chancellor Angela Merkel’s party, the Christian Democrats (CDU), will adopt a manifesto commitment to impose a 30pc female quota on the boards of listed firms, from 2020. The Bundestag is due to vote on Thursday on an opposition-backed proposal for quotas, which had provoked a deep split in the centre-right governing coalition. Women … Continue reading
Germany / Elite Young Immigrants, The New Guest Workers
A new generation of immigrants is coming to Germany: Europe’s crisis refugees. They are young, well-educated and multilingual. Many feel that their prospects at home disappeared when the European financial system began to falter, followed by the collapse of domestic labor markets in a number of countries. They are now going to Germany, just as … Continue reading
Germany / Just 2.2 percent of graduates had no work in 2011
All that cramming and hard work might pay off after all: German graduates are practically guaranteed a job – current figures show nearly full employment among those who have an academic degree. Just 2.2 percent of graduates had no work in 2011 according to figures issued on Tuesday by the Institute for Employment Research (IAB) … Continue reading
Germany / Toward a Minimum Wage ?
Opposition parties in Germany are preparing to introduce a draft law on a minimum wage to the Bundesrat upper house on March 1, a newspaper reported on Thursday, raising the pressure on Chancellor Angela Merkel on the issue. Germany is one of only a few countries in Europe with no mandatory, across-the-board minimum wage and … Continue reading
Germany / Commerzbank / To cut 1,800 jobs
Germany’s Commerzbank AG said Friday that 1,800 jobs in its German retail branches, or about 11% of the retail jobs in Germany, will be cut by the end of 2015. The bank’s management said it has adopted a policy statement to avoid compulsory redundancies in the process. The bank has said it plans to cut … Continue reading
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