Tag #Labour Market

smh.com.au
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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.

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56% Bias Score

dw.com
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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...

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36% Bias Score

forbes.com
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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.

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20% Bias Score

theglobeandmail.com
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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.

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36% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Volkswagen Workers Protest Potential Layoffs in Baunatal

On December 3rd, 2024, roughly 8,000 Volkswagen employees in Baunatal, Germany, protested potential factory closures, mass layoffs, and salary reductions, highlighting the precarious situation of both permanent and temporary workers and the potential for significant economic disruption.

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56% Bias Score

mk.ru
🌐 75% Global Worthiness
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Russia's Informal Workforce Reaches 14.2 Million in Q3 2023

In Q3 2023, 14.2 million Russians (19.1% of the workforce) were informally employed, driven by seasonal work, government policies, and employer cost-cutting, resulting in a growing social welfare burden.

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56% Bias Score

zeit.de
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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.

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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.

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48% Bias Score

foxnews.com
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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.

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48% Bias Score

Decent Work and Economic Growth
smh.com.au
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Australia's Rental Crisis: 6.7% Inflation, Low Vacancy Rates Fuel Intense Competition

Australia's rental market faces a crisis with 6.7 percent inflation, driven by a 1.8 percent national vacancy rate and intense competition for limited properties; government assistance helped prevent even higher inflation.

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24% Bias Score

Reduced Inequality
dw.com
🌐 75% Global Worthiness
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Czech-German Wage Gap Exacerbates Regional Inequality in Cheb

In Cheb, Czechia, near the German border, average wages are less than half of those in Germany, leading to many residents working across the border and highlighting a deep regional economic divide and skepticism towards government promises of wage equalization.

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44% Bias Score

lemonde.fr
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MMG to Cut 1,428 Jobs at CCF in Restructuring Plan

My Money Group (MMG) announced a plan to cut 1,428 jobs (36% of its workforce) at its French subsidiary, Crédit Commercial de France (CCF), reducing the number of agencies from 235 to 151, prioritizing voluntary departures but not excluding forced ones; the decision is based on geographic coverage, ...

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48% Bias Score

Decent Work and Economic Growth