Confirming weekend reports on the closures by Reuters and UK media, the company's statement on Monday spelt out the scale of the job losses, which take in ancillary staff including cleaners and security as well as its own employees.
Police and demonstrators clashed in the Indonesian capital Jakarta on Thursday on the third day of protests and labour strikes against a polarising new jobs law passed in Southeast Asia’s largest economy earlier this week.
Indonesian workers launched protests in several cities on Tuesday to oppose the passage a day earlier of a controversial new jobs law that the government says is vital to attract investment but critics view as too pro-business.
After a brief lull in 2020, pushed by the pandemic and the lockdown that affected all industries, the Indian steel industry is expected to bounce back to a robust growth phase in 2021.
The statement didn’t give details, but media reports say the company has more than 2,000 employees in India. It expressed the hope it will get a chance to relaunch TikTok in India to support hundreds of millions of users, artists, storytellers, educators and performers.
The shift to electric vehicles could cost 410,000 jobs in Germany by 2030, daily Handelsblatt reported on Monday, citing government advisers. In engines and transmissions’ production alone, around 88,000 jobs will be at risk,
The UAE is a land of opportunities and a sought-after destination for jobs and tourism. A thriving economy, progressive policies and a leadership vision that focuses on happiness
"The UAE will keep attracting global talents, the key driving force to our economy. We will support the private sector to achieve balance in our job market and our fast-growing economy will keep providing millions of opportunities for Emiratis and residents," says Sheikh Mohammed.
As has repeatedly been reported, since the financial crisis of 2008, one of the most common health complaints from people who lost their jobs was severe depression. Sales of mental health medication went through the roof as mental health professionals prescribed mood enhancing drugs to more and more patients.
In the choice between health and wealth, the former always gets priority. Rightly so. However, when a pandemic threatens the livelihood of some 1.25 billion workers worldwide and creates the worst global crisis since World War II, it creates a huge cause for worry.