Tag #Labour Market

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East Coast Port Strike Averted by Tentative Labor Deal

The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative six-year contract on January 15, averting a strike that would have crippled US East and Gulf Coast ports, resolving disputes over automation and wages with a deal that includes a 62%...

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kathimerini.gr
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Greece Authorizes 89,290 Foreign Worker Positions for 2025

The Greek government approved a plan to recruit 89,290 foreign workers in 2025, addressing labor shortages in agriculture (36,000 seasonal positions), construction, and tourism, following previous authorizations of 180,442 positions in 2023-2024.

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Major Unions Reunite Ahead of Trump's Inauguration

The Service Employees International Union (SEIU) rejoined the AFL-CIO, creating a 15 million-member labor organization just days before President-elect Donald Trump's second inauguration, signaling a unified front against anticipated anti-union policies.

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sueddeutsche.de
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German Insolvencies Surge to 15-Year High

German business insolvencies hit a 15-year high in Q4 2024, with 4215 companies and nearly 38,000 jobs affected, exceeding levels last seen after the 2009 financial crisis due to the lagged effects of low interest rates and pandemic subsidies.

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World Economic Forum Report Highlights AI-Driven Job Losses

A World Economic Forum report indicates that 41% of employers plan staff reductions due to AI automation by 2030, contrasting with previous predictions of net job creation; 77% are implementing employee training programs to adapt to AI integration.

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ILA, USMX Reach Tentative Six-Year Contract, Averting Strike

The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) reached a tentative six-year contract on January 15, 2025, averting a strike, with key compromises on automation and technology implementation while preserving jobs, pending ratification votes.

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CGT Demands Pension Reform Repeal, Urgent Action on Unemployment

CGT leader Sophie Binet met with French Prime Minister Elisabeth Borne, demanding the repeal of the pension reform, an immediate halt to its implementation, and urgent action to address 300 ongoing social plans threatening up to 300,000 jobs, along with a minimum wage increase and aid for Mayotte.

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forbes.com
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Dockworker Agreement Averts Potential East Coast and Gulf Coast Strike

East Coast and Gulf Coast dockworkers averted a potential strike by reaching a tentative agreement with the United States Maritime Alliance on Tuesday, addressing concerns over automation and preventing a larger economic impact compared to the three-day strike in October 2024.

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Resurgence of Pension Plans Reflects Economic Anxiety and Labor Shortages

Amid economic anxieties and a retirement crisis, numerous U.S. companies, including Southwest Airlines, GM, and IBM, are reinstating or upgrading pension plans for their employees, a trend also seen in Canada, to attract and retain workers.

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Record U.S. Job Cuts in 2024 Amidst Technological Advancements and Economic Uncertainty

U.S. companies announced over 1.5 million job cuts in 2024, a 15-year high excluding 2020, driven by rapid technological advancements and economic shifts; the technology sector led with 133,988 job losses, while government job cuts surged 1,520% due to military reductions.

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Global Job Market to See Net Gain of 78 Million Jobs by 2030 Amidst Skills Gap

The World Economic Forum's Future of Jobs Report predicts a net gain of 78 million jobs globally by 2030, driven by technological advancements, demographic shifts, and geopolitical tensions, but a significant skills gap remains a major challenge for businesses.

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WEF Survey: AI to Automate Jobs, but Reskilling Efforts Planned

A World Economic Forum survey found that 41% of employers plan to downsize their workforce due to AI automation, while 77% will reskill workers for AI collaboration by 2030; the report highlights the increasing demand for AI skills and a potential shift towards human-machine collaboration.

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