Tag #Labour Market

welt.de
🌐 65% Global Worthiness
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Airbus Cuts 2,043 Jobs in Defense and Space Division

Airbus reduced its planned job cuts in the defense and space division to 2,043 positions, affecting 689 jobs in Germany and 1,354 in other European countries, with no compulsory redundancies.

Progress

36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 65% Global Worthiness
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Rising Mortgage Rates Demand Immediate Action from Borrowers

Rising mortgage rates urge immediate action from borrowers, whether remortgaging or buying, to secure favorable terms before rates increase further. Homebuyers need to act quickly to determine monthly payments, and those remortgaging should compare options and consider locking in a rate early.

Progress

44% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Foreign Workers Drive Spain's Employment Growth

Driven by a 7.85% year-on-year increase in foreign worker affiliation (reaching 2,876,972 in November 2022), Spain's employment growth is fueled by immigration, with plans to regularize 900,000 immigrants by 2027 to bolster the 22 million worker target.

Progress

48% Bias Score

zeit.de
🌐 85% Global Worthiness
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Baywa to Cut 1300 Jobs in Restructuring Plan

Faced with over €5 billion in debt and significant losses, Baywa AG, Germany's largest agricultural trader, is cutting 1300 jobs (16% of its workforce), closing 26 locations, and selling international holdings to restructure by the end of 2027.

Progress

40% Bias Score

taz.de
🌐 85% Global Worthiness
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German Labor Minister Demands VW Job Security Amid Cost-Cutting Crisis

German Labor Minister Hubertus Heil demanded job security and ruled out layoffs at Volkswagen amid a cost-cutting crisis, while VW CEO Oliver Blume defended the measures and stated the need for cost reductions. 47,000 VW workers in Wolfsburg staged a warning strike on Monday.

Progress

48% Bias Score

foxnews.com
🌐 75% Global Worthiness
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California Unemployment System Faces $20 Billion Debt, Requires Redesign

California's unemployment insurance system faces a $20 billion federal loan and a projected $2 billion annual deficit, necessitating a complete redesign due to outdated funding mechanisms and the impact of the COVID-19 pandemic.

Progress

48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 65% Global Worthiness
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Airbus Cuts 2,043 Defense and Space Jobs

Airbus reduced its planned job cuts in the defense and space division to 2,043 by mid-2026, affecting 689 jobs in Germany and 1,354 in the UK, France, and Spain, with no compulsory redundancies; the restructuring aims to improve competitiveness in a changing satellite market.

Progress

36% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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AI Revolutionizes Customer Research, Reshaping the Job Market

HEARD, an AI company, has developed a platform that drastically reduces the time needed for customer research studies from 4+ weeks to 1-2 days by automating tasks and freeing researchers for strategic analysis, impacting various fields and causing job market restructuring.

Progress

44% Bias Score

smh.com.au
🌐 85% Global Worthiness
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Woolworths Strike Costs $50 Million, Causes Widespread Shortages

A strike by 1500 Woolworths warehouse workers over pay and conditions since November 21 has cost the company $50 million and caused widespread product shortages, particularly impacting alcohol sales in Victoria and Southern NSW. The Fair Work Commission will hear the dispute on Friday.

Progress

56% Bias Score

dw.com
🌐 85% Global Worthiness
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German Job-Turbo Program Boosts Ukrainian Refugee Employment to 272,400

By August 2024, 272,400 Ukrainian refugees were employed in Germany, a substantial increase from 197,660 in August 2023, largely due to Germany's Job-Turbo program aimed at faster labor market integration; however, challenges remain in recognizing foreign credentials and managing migration office wo...

Progress

36% Bias Score

forbes.com
🌐 85% Global Worthiness
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Workplace Stress Remains High Globally, Driven by Systemic Issues

Global workplace stress remains significantly higher than pre-pandemic levels, with 41% of employees globally and 51% in the U.S. reporting daily stress, driven by rapid change, political division, and ineffective well-being programs.

Progress

20% Bias Score

theglobeandmail.com
🌐 75% Global Worthiness
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Cargill Announces 5% Global Layoff Amidst Strategic Restructuring

Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.

Progress

36% Bias Score

Decent Work and Economic Growth