Job Market Monitor
Germany
Europe recession deepens: very bad news for everybody
The eurozone suffered its third consecutive quarter of decline at the end of 2012 as exports from leading economies Germany and France sank, deepening a regional recession that has driven unemployment to record highs. Gross domestic product in the 17-nation euro area fell by 0.6% in the fourth quarter, leaving the eurozone economy 0.5% smaller … Continue reading
ThyssenKrupp / 2,000 layoffs at its European steel division
German heavy industry giant ThyssenKrupp unveiled plans on Friday to axe more than seven percent of the workforce at its Steel Europe division to make the business more competitive. ThyssenKrupp said in a statement it would axe “more than 2,000 jobs” out a total workforce of 27,600 at its Steel Europe division in a €500-million … Continue reading
Germany / Behind in hiring skilled foreign workers
The OECD says German firms continue to recruit too few skilled workers from outside of the country, even when they have difficulties filling vacancies. This is one of the key findings of a new migration report. According to the report unveiled by the Organisation for Economic Cooperation and Development (OECD) at a press conference in … Continue reading
US / Closing the Gap: German Skills Initiative hosted in Washington
On Tuesday, January 29th, the German Embassy in Washington, DC hosted “The German Skills Initiative” with many heads of both U.S. and German corporations in attendance. Alongside German Ambassador Peter Ammon, the speakers included U.S. Secretary of Commerce Dr. Rebecca Blank, German Deputy Chief Executive of International Economic Affairs Dr. Volker Treir, CEO of Siemens … Continue reading
Germany / Hewlett-Packard lays off 850 employees
Hewlett-Packard Co. HPQ -0.15% will close its site in Ruesselsheim, Germany, by the end of October and layoff about 850 employees–or 8.5% of its workforce in the country–as part of a previously announced broader restructuring effort. “The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term … Continue reading
Germany / Unemployment Rate Declined to 6.8 percent in January
German unemployment unexpectedly declined in January, adding to signs that a pick-up in Europe’s largest economy is gathering pace. The number of people out of work fell a seasonally adjusted 16,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 8,000, the median of 31 estimates in a Bloomberg … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Germany / Air Berlin: 900 job cut
Germany’s second-largest carrier, Air Berlin, has said it would cut about one-tenth of its workforce to become profitable again. The airline is in the middle of a restructuring program to reduce overall costs. Germany’s Air Berlin announced on Tuesday it would cut 900 jobs by the end of 2014 to help make the struggling carrier … Continue reading
Germany / Gender Gap / Women Fill Mini-jobs
Women in West Germany work more low-paid mini-jobs – positions exempt from taxes and national insurance contributions with a monthly wage cap of €450 – than any other group in the country, according to the Hans-Böckler economic and social research institute. In some areas in North Rhine-Westphalia, Rhineland Palatinate and Lower Saxony mini-jobs make up … Continue reading
Germany 2012: Record number of jobs and unemployment down
THE number of people in Germany who have a job rose to a record high last year, even though growth momentum is slowing as the eurozone debt crisis hits the German labour market. The number of people in work in Germany increased by 416,000 or 1.0 per cent to an annual average 41.5 million last … 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
Immigration in Germany / Survey says it eases investment abroad and the effect of age but puts extra burden on the social security system
Seventy percent of those asked said immigration made it easier for international firms to invest in Germany, while 62 percent said that immigration could ease the effects of Germany’s ageing society. And half said immigration as an effective means against the country’s lack of skilled labour. But two-thirds of Germans also saw immigration as an … Continue reading
Skills Gap / Vocational Education / Meeting the needs of a specific labour market
The report INTERNATIONAL APPROACHES TO SPECIALISATION IN VOCATIONAL EDUCATION by Charlynne Pullen, Olivia Varley-Winter and Philippa Melaniphy presents “four country studies: Germany, the United States of America, Singapore and Australia” (Adapted choosen excerpts by Job Market Monitor to follow). For the purposes of this report, the definition of specialisation is an instance in which provision of vocational education is focused … Continue reading
Germany / Opel: 3,100 Jobs at Risk
General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
Germany / New evidence on start-up subsidies and programs for unemployed youth – they work
‘In industrialized economies such as the European countries unemployment rates are very responsive to the business cycle and significant shares stay unemployed for more than one year.” writes Künn, Steffen in Unemployment and active labor market policy : new evidence on start-up subsidies, marginal employment and programs for youth unemployed. (Adapted choosen excerpts by Job Market Monitor … Continue reading
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