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UN: COVID-19 caused equivalent loss of 255 million jobs

UN's International Labour Organization (ILO) says 8.8% of global working hours were lost in 2020, which amount to loss of over 255 million jobs. ILO chief Guy Ryder said that this is the most severe crisis for the world of work since the Great Depression of the 1930s. With over 2 million fatalities, COVID-19 has battered economies across the globe since its emergence in China last year.

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COVID-19 lockdown cost 80% urban workers in India their jobs: Study

A study by Azim Premji University’s Centre for Sustainable Employment estimated that 80 percent urban workers in India lost jobs due to COVID-19 lockdown. It further stated that farmers and self-employed workers suffered a huge income fall. Over 5,000 people responded to the study that aimed to analyze the economic impact of COVID-19 lockdown.

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China crosses annual target with 11.86 million urban jobs in 2020

The National Bureau of Statistics (NBS) released the 2020 China Economic Annual Report, which showed an addition of 11.86 million urban jobs in 2020. This was significantly higher than the expected annual target of over 9 million or 31.8% in 2020. NBS further confirmed China's overall urban unemployment rate in 2020 was 5.6%, lesser than the previous forecast of 6%.

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UAE warns jobseekers against fake recruitment agencies

UAE Indian diplomatic mission warned jobseekers against fake recruitment agents. The MEA secretary Sanjay Bhattacharyya shared that few unscrupulous agents are exploiting our citizens and putting them at risk abroad, Recruiting Agents must act responsibly or will be held accountable". Nevertheless, there has been a surge in activities of devious recruitment agents after COVID-19 lockdown.

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Coronavirus pandemic to change workplace trends in 2021

Economist John Maynard Keynes research indicates that the number of trends will shape and change the working life in 2021. Earlier, only 12% of workers in US worked remotely full time, 6% in UK, but COVID-19 instantly proved remote work possible for many people. People wanted to create "a clear division between work and home", maintaining work-life balance and recognising public health issue.

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India: Full-strength return of IT workforce towards end of 2021

A survey revealed that IT companies in India will bring most of their workforce back to office only towards the end of 2021. The return to offices will be a gradual process as vaccine rollout begins in several cities of India. 60pc of the companies plan to have less than 20pc of their workforce operating from office by end of March.

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'Jobs of tomorrow': Skills likely to get you hired post COVID-19

Around 97 million new roles may emerge by 2025, which are more adapted to new division of labour between humans, machines, and algorithms. Also, 85 million jobs may be displaced by a shift in the division. Some professions will be easier to break into, such as data and AI. The 'jobs of tomorrow' also show the continuing importance of human interaction through roles in marketing, sales and content production.

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Ernst & Young to hire 9,000 professionals in India

Global consultancy firm Ernst & Young (EY) on 24 December said it is planning to recruit around 9,000 new hires in India in 2021. These hires will be from the STEM (science, technology, engineering, and mathematics) background, the company said. Currently, 36 % employees in this global professional services organisation have a STEM background. EY in India has over 50,000 people working in all member firms.

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How will jobs change in the future?

As per the Future of Jobs Report 2020, COVID-19 has accelerated the future of jobs, and new jobs will emerge, requiring new skills. COVID-19 is pushing companies to scale remote work, accelerate digitalization, and accelerate automation. Rate of automation is also increasing, meaning that nearly 85 million roles could be replaced by automation.

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Accent could be limiting wages by 20%: Study

Research in Germany showed having a strong regional accent may affect one's wages by as much as 20% when compared to individuals with a standard accent. The study conducted by the University of Chicago and the University of Munich reported the impact was equal to the gender wage gap. Around 950 people participated in the research carried out in Germany.

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Majority of India's creative workforce unsure about survival

India's creative workforce fears an uncertain future despite the relaxations in curbs imposed to curb the spread of COVID-19 in March this year. 67 per cent of respondents in a study by British Council, FICCI, and Art X Company, said they were unsure about surviving for more than a year with current resources and funding. 90pc of the sector fears long-term impact of social distancing.

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COVID-19 wipes out 81mn jobs in 2020, shakes up Asia-Pacific labour market

According to latest report of International Labour Organization (ILO), Coronavirus pandemic wiped out some 81 million jobs in 2020. The outbreak had a devastating effect on jobs and incomes in Asia and Pacific, with drop in working hours. Overall, working hours in Asia and Pacific dropped by an estimated 15.2% in the second quarter of 2020.

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#NewNormal: What will employees look for once pandemic is over?

After the pandemic eventually subsides, many employees will be open to exploring new opportunities in their respective industries, according to a recent study. Employees will seek positions in companies that offer latest tools to help them advance in their field, confirms a study from Citrix Systems. The survey found that 88% of the employees will look for complete flexibility in their location and working hours.

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Amazon to offer free cloud computing skills training for 29 million people

Amazon Web Services (AWS) has announced that it will help 29 million people globally grow their technical skills with free cloud computing skills training. The company will invest 'hundreds of millions' of dollars by 2025 to train target workforce. Amazon’s latest initiative is aimed towards those who are not already employed at the company.

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Deloitte to double workforce in India: CEO Punit Renjen

Professional services firm Deloitte will double its 55,000-strong workforce in India over two to three years, its global CEO announced. Deloitte’s expansion of workforce is expected to boost not only services to domestic customers but also those exported from India. CEO Punit Renjen said the decision is in part due to the talent arbitrage that India offers.

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Unilever to explore four-day working in New Zealand

Unilever is set to try a four-day working week for all its New Zealand employees. The employees will be paid for five days, while working for just four days. After a year, Unilever will assess the outcome of the experiment and look at whether it could be expanded. Unilever does not have any manufacturing in New Zealand and all the staff are in sales, distribution, and marketing.

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Sonu Sood's jobs portal Pravasi Rojgar receives international investment

Temasek initiative GoodWorker has announced to invest USD33.85 million in the Pravasi Rojgar platform by Sonu Sood and Schoolnet. Also, GoodWorker is set to make use of technology in providing 100 million blue-collar workers with facilities like upskilling, job matching, and finance. Pravasi Rojgar already has over 1 million blue-collar job seekers & thousands of employers registered on the platform.

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178,800 Australians got back to work in October: PM Scott Morrison

Australia is getting back on its feet as people who lost jobs due to the COVID-19 outbreak continue to get back to work. In October itself, 178,800 Aussies found jobs, and the tally reached 648,500 since May 2020. The number confirms 75% of the jobs lost due to the pandemic have returned. 'Today's positive jobs numbers highlight the #COVIDSafe recovery is firmly underway', tweeted Australian PM Scott Morrison.

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Are companies in UAE still hiring amid COVID-19 pandemic?

Job recruitment statistics 'Robert Half' announced to launch 2021 UAE Salary Guide, which will provide in-depth data-driven insights into recruitment across UAE. As per Associate Director of Robert Half, UAE employers are recruiting and have a strong demand for new talent despite COVID-19 outbreak. Further, companies in UAE (73%) are offering remuneration packages that exceeded pre-pandemic numbers.

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Travel and tourism projected to shed 174 million jobs due to COVID-19

A leading travel and tourism industry group warned that the sector could lose 174 million jobs this year if current COVID-19 restrictions remain in place. The projection was, however, lower than previously expected, largely because of a strong recovery in domestic travel in China and rebounds in other countries. In June, the group warned that there could be 197 million job losses worldwide.

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Dubai launches new scheme for remote workers

Dubai has launched a new program for overseas remote working professionals to live in Emirate while serving their employers in home country. The move additionally allows employees to relocate with their families once on annual basis to enjoy a safe and healthy lifestyle. This is supported through strong digital infrastructure that provides seamless connectivity.

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45,000 to lose their jobs as Cineworld closes UK and US cinemas

Cineworld is on course to cut tens of thousands of jobs after confirming plans to temporarily bring the curtain down on its UK and US cinemas because of continuing disruption from COVID-19 outbreak. The company said its decision affected 45,000 workers, almost 6,000 of them in UK. The closure of sites in UK and US wiped a third off the company’s value after its shares fell 36%.

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Burj Khalifa builder company faces liquidation amid COVID-19 crisis

Dubai based construction giant, Arabtec Holding, might file for liquidation as the company has recorded heavy financial losses amid COVID-19 outbreak. Company's shareholders and board members are reviewing other solutions for creditors. Earlier, Arabtec posted USD210.8 million losses in 2019, which might put 40,000 jobs at risk. Established in 1975, the company is credited for creation of many iconic landmarks in UAE.

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Unemployment rate among lowest in world with 97.8% employed in UAE

The Federal Competitiveness and Statistics Authority (FCSA) showed that at least 97.8% of country's working age population is employed in UAE. The FCSA report indicates that UAE unemployment rate is among lowest in the world. According to reports, majority of Emirate's total population are engaged in economically productive activities. In 2019, the number of workforce was 7.388 million in UAE.

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EU Commission to support short-time employment in Europe with new funds

President of EU Commission, Ursula von der Leyen stated that they are planning to bring new job opportunities in Europe. The new initiative and plan will be activated once adequate funds get allocated. Meanwhile, 16 Member States have already applied for support to ensure regular development in Europe is managed. Recently, 40 industry organisations wrote a letter to Ursula to take action and solve EU WFD issues.

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Jobs in India: 6.6mn white collar jobs lost due to lockdown

According to an estimate, over 6.6 million white-collar professional jobs were lost in India due to Coronavirus lockdown. This loss wiped off job creation that took place in this segment over the past four years. From a peak of 18.8 million white-collar workers employed in the country during May-August 2019, their employment fell to 12.2 million in the May-August 2020.

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Australia's unemployment rate falls as businesses return on track

Australia’s jobless rate slipped as employment surged past expectations. Official Bureau of Statistics figures showed 111,000 jobs were created in August 2020 pulling the unemployment rate down from 7.5 to 6.8 percent. The fall in unemployment was driven almost entirely by an unusual surge in the number of sole traders coming back into jobs market.

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UAE: Employees to face up to 10-day pay cut for violating COVID-19 rules

Employees of federal departments and ministries face up to a 10-day salary cut for violating COVID-19 safety guidelines in UAE. Federal Authority for Government Human Resources issued a list of fines in order to contain COVID-19 pandemic, especially at the workplace. While employees will also face one-day pay cut for refusing a COVID-19 test once. Shaking hands will also ban according to circular.

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Top skills employers might want right now

Data analyzed from millions of job adverts on LinkedIn showed that so-called ‘soft skills’, including communication and problem solving are in most demand. Analytical skills, customer service, and leadership skills are next in line. The equivalent of 305 million full-time jobs has been lost globally since COVID-19 hit. New jobs postings are coming back as employers recover from effect of pandemic.

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Which countries rely most on tourism industry?

According to World Economic Forum (WEF), more than 90% of jobs in Antigua and Barbuda in 2019 were in tourism sector. Next was Aruba, where tourism jobs made up 84.3% of total employment last year. St Lucia followed with 78.1%. Travel and tourism is a big employer worldwide but is suffering because of COVID-19 pandemic.

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Youth Employment: Service sector tops World Bank job list

Data compiled by the World Bank shows service sector employees most of the youth population globally. More than 48 percent of total youth working population was employed in this service sector in 2018, the data confirms. Agricultural sector follows to be the second-largest youth employer with more than 28 percent share.

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UAE's 'Virtual Labour Market' brings new job opportunities amid COVID-19

The Ministry of Human Resources and Emiratisation (MOHRE) is back with new job opportunities amid COVID-19 through Virtual Labour Market. It is an electronic platform that allows companies to look for potential candidates within country and overseas. Recently, MOHRE launched latest version of platform supported by Artificial Intelligence allowed job seekers inside and outside UAE to upload their CVs.

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'Next Year will be a Record Setter', Donald Trump on jobs and US economy

US President Donald Trump says US economy and job numbers are doing better than before. His statement came as August 2020 US jobs data further cut unemployment rate as more Americans returned to work. Ahead of November presidential elections, Trump asserted that US economy will be 'a record setter' next year.

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Virgin Atlantic announces 1,150 more lay-offs

Virgin Atlantic has announced 1,150 lay-offs due to COVID-19 crisis, stating that USD1.6 billion rescue deal was not enough to secure its future. The carrier has already announced 3,500 job-cuts, and with the latest announcement, it will have laid off 50% of its pre-pandemic workforce of nearly 10,000. It also said that companywide consultations and talks with trade unions will be held.

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FAHR: Over 57,000 UAE citizens working for federal government until June 20

UAE Federal Authority for Human Resources (FAHR) stated that total number of UAE citizens working for federal government until June 2020 stood at 57,109, including 31,486 women. Emirati employees in leadership and managerial positions stood at 2,421 with 1,097 women. Majority of the employees are in 30-39 age group, totalling 21,886 men and women.

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Unemployment rate dips to 8.4% in US, nearly 1.4 mn jobs added in August

Employers in US added over 1.4 million jobs in August 2020, triggering a decline in the unemployment rate. The unemployment rate fell sharply to 8.4% from 10.2% in July 2020. August marked the second straight monthly slowdown in hiring after employers added a record 4.8 million positions in June and 1.8 million in July 2020.

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Infosys plans to hire 12,000 Americans in United States by 2022

Indian multinational corporation announced on 1 September 2020 that they have planned to hire 12,000 American workers by 2022 in US. The company has renewed the headcount from 13,000 making overall job opportunities to 25,000 mark in US in next two years. The action will help fresh graduates from universities amid COVID-19 pandemic to grab best workplace as North America contributes 60% of its export revenue.

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30,000 jobs at risk after Continental expands restructuring plans

German auto-parts maker Continental is expanding the restructuring program it initiated in 2019. The company plans to cut or transfer as much as 13 percent of its workforce to reduce costs. In total it expects the changes to affect more than 30,000 jobs worldwide. Workers in Continentals domestic market in Germany will be hit hardest, with 13,000 affected jobs.

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Investment firm Vanguard to leave Hong Kong & Japan, cut jobs

US-based world's largest investment company Vanguard Group is planning to leave Hong Kong and making Shanghai its main headquarters for business in Asia. Company said that Hong Kong business mostly served institutional clients and not retail investors, which are its primary focus. The move will also cut jobs in Hong Kong. The company is also pulling out of Japan, though it says its products will still be available.

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Germany trade union calls for four-day week to save thousands of jobs

Germany's largest trade union IG Metall proposed a four-day working week to compensate economic pressures that devastated by COVID-19 pandemic. The union said that cutting job hours would be structural changes in sectors such as automotive. The head of union says that pay should not be reduced in line with hours though, or workers would not be able to afford the shift.

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American Airlines to layoff 19,000 workers in October due to weak demand

American Airlines announced that it would cut around 19,000 jobs in October as the company is struggling from weak demand due to COVID-19 pandemic. The new layoffs of Texas-based airlines are in addition to 23,500 employees who accepted buyouts or took long-term leaves of absence. The decision comes a day after Delta Air Lines said it will cut around 2,000 jobs in October 2020.

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Big US companies to hire 100,000 from New York’s low-income communities

Top officials of 27 US banking, tech, media, health, and consulting firms have announced a collective goal to hire 100,000 New Yorkers from low-income and diverse communities. They include corporate leaders from AIG, Amazon, Citi, Goldman Sachs, Google, IBM, Mastercard, Microsoft, and Wells Fargo. The hiring will address racial and economic inequities exacerbated by COVID-19.

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Qantas cuts 2,500 more jobs due to Coronavirus travel halt

Qantas Airways has announced plans to cut up to 2,500 more jobs as Coronavirus pandemic hits revenue. The airline will outsource all of its ground handling work at Australian airports. The work is currently being done by around 2000 Qantas staff and 370 employees from its subsidiary 'Jetstar'. The airline said it could save up to USD100 million a year by shifting work to third-party service providers.

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Finnair plans to lay off 15% workforce after facing loss in Q2 of 2020

Finnish national carrier Finnair plunged to a second quarter loss, expecting a similar fate this quarter. The carrier plans to cut up to 1,000 jobs, nearly 15% of its workforce, with continued temporary layoffs for thousands in the home country. It also raised the annual savings target to USD118 million, after already raising USD593 million from a rights issue las month.

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UN Chief: 100 million direct tourism jobs at risk

UN Secretary-General Antonio Guterres released a thematic brief on the pandemic’s impact on tourism. It warns that about 100 million direct tourism jobs are at risk, and drop in export revenues from tourism could reduce global GDP by around 2.8%. Guterres stated that it was important to build the tourism sector in a safe, equitable, and climate-friendly manner, and to ensure tourism regains its position as job provider.

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World Bank reports employment hike in industry sector between 1999-2008

World Bank has recently released a report that people born between 1999 and 2008 comprise of 16% of world population with limited job opportunities in different sectors. The world largest employer with low income was agriculture in 1999 with 71.24%, which continued to decline until 2018 to 62.89%. The service industry recorded an increased from 67.2% to 74.53% between 1999 to 2018.

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Big US companies to hire 100,000 New Yorkers from marginalised communities

Amid huge job crisis due to COVID-19 pandemic in US, CEOs of Amazon, Google, IBM, and other major American companies pledged to hire at least 100,000 employees from marginalised New York communities. According to reports, companies will tie-up with educational institutions, city's government, and NGOs to hire people. It aims to equip city's low-income youth with skills and resources they need for future jobs by 2030.

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242 million jobs could be lost globally due to COVID-19

Asian Development Bank estimates that up to 242 million full-time jobs could be lost globally due to Coronavirus outbreak. 70 percent of the lost jobs will be from Asia and the Pacific. According to the bank, most job losses could be from agriculture, auto, and manufacturing sector as industries are forced to close. Cambodia, Myanmar, and Bangladesh are expected to contribute most to the loss of employment.

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US jobless claims fall below 1m as Coronavirus numbers continue to rise

US Department of Labour released new unemployment data that nearly 963,000 workers filed jobless claims for the week ended 8 August. This was lowest level since COVID-19 pandemic hit US mid-March. Highest declines were seen in Florida, Georgia, and California that have been worst affected states by new wave of COVID-19. According to reports, a total of 28.3 million people were receiving unemployment checks at end of July.

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UK retailer Debenhams confirms shedding 2,500 more jobs

British department store chain Debenhams will cut 2,500 more jobs as it struggles to survive Coronavirus pandemic. This is on top of the 4,000 job cut announced in May 2020. The company has reopened 124 stores post-lockdown and they are reportedly trading ahead of management expectations. Debenhams has gone twice into administration this year saving it from creditors as it fails to pay obligations.

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