This is with reference to the grim news “Airbus restructuring will mean huge job cuts” (June 29). On 19 June, your daily had carried a report about BMW cutting 6,000 jobs. Companies across the world, including airlines and multinationals, are cutting down jobs due to low sales triggered by COVID-19. Expect millions of jobs to be lost, across all sectors of the global economy in the next few months, as demand slumps.
US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring.
As the unemployed count rises, jobs have become the main currency of political debate around the economy.
The nature of the outbreak means women are more likely than men to lose or quit their jobs in vulnerable low-paying workplaces like bars, conference venues, hairdressing salons, hotels, pubs and restaurants, which faced extensive shutdowns.
The total global number of unemployed youths should fall to 73 million in 2022, down by two million from the year before, the United Nations said on Thursday.
If economic history teaches us anything, it’s that when times get tough, working men and women get targets painted on their back. Current events give us a perfect illustration.
When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing. Since June, Wang has driven his mobile coffee booth from car boot fair to car boot fair,
The election of a newcomer and conservative, Yoon Suk-yeol, of People’s Power Party, as president of South Korea, in a bitterly fought battle and with the narrowest of margin of one per cent over Democratic Party’s Lee Jae-myung should make Korea
The scheme aims to provide financial security to workers and professionals in the public and private sectors in case of job losses. In the first two days, 86 percent of participants chose to sign up via the website https://www.iloe.ae.
Celebrated Indian author and Congress party leader Dr. Shashi Tharoor has urged the authorities in Kerala to address the problem of massive umemployment among the educated youth (“Address unemployment, Tharoor urges Kerala,” Jan.2, 2023, Gulf Today.) I completely agree with Dr. Tharoor’s view on this. Government should chalk out