Minister unveils strategy for airport concession, assures no job losses
Nigeria’s aviation minister, Hadi Sirika, has assured that there will be no job losses after the concession of airports in the country.He also said that only the terminal parts of the airports would be concessioned, adding that the Federal Airports Authority of Nigeria (FAAN) would still control the airside.These were contained in a document titled ‘Nigeria Airport Terminal Concession Strategy’ he presented to the House of Representatives on Tuesday.“Only Terminal concession will be done which will not lead to job losses, FAAN has 8,100 workforces and only 1,158 work in terminal buildings (14....
Metal workers fear job losses from CARS revision
Metal workers fear job losses from CARS revisionLouella Desiderio(The Philippine Star) – October 21, 2020 – 12:00amMANILA, Philippines — Labor group Philippine Metalworkers’ Alliance (PMA) is urging the government to consider employment implications in the grant of reprieve to beneficiaries of the Comprehensive Automotive Resurgence Strategy (CARS), as well as to use a portion of the budget for the program to support displaced workers of one of the program’s participants.In a statement yesterday, PMA said the government should take into account employment in its evaluation of providing relief ...
August decline ends dollar remittance bounce as OFW job losses mount
Expatriate Filipinos sent home fewer dollars in August, ending a two month rebound, as overseas job losses due to the COVID-19 pandemic mounted, according to new data from the Bangko Sentral ng Pilipinas (BSP).In a statement, the central bank said personal remittances from overseas Filipinos in August 2020 declined year-on-year by 4.2 percent to $2.756 from $2.875 billion in the same period in 2019.This brought the cumulative remittances for the first eight months of 2020 to $21.414 billion, a slight decrease of 2.6 percent from the $21.995 billion recorded in the comparable period in 2019.Nic...
Philippines Daily Inquirer
COVID-19: Talking to kids about job losses and salary cuts
Although most activities have now reopened across the UAE, many parents find themselves in the uncomfortable position of having to tell their children that the things they were looking forward to doing post-lockdown are still unavailable - because the family can no longer afford them.“Many people are facing job loss or changes to their salaries and working conditions, and that is reflected in our client concerns,” says Dr Rose Logan, clinical psychologist at The LightHouse Arabia in Dubai. “Even those who so far have not been affected personally can be affected by what is happening to friends ...
The Post-Coronavirus Global Economy And International Order (Part 2)
The ILO warns that, globally, job losses could reach as high as 50 percent of the workforce. Agriculture, manufacturing and the retail industry have also registered massive losses. Aviation, logistics and tourism have suffered losses worth trillions of dollars. Telecoms giant, Apple, reported catastrophic delays due to major supply disruptions. Hyundai and Nissan have closed down several of their factories. Global stock markets have registered losses exceeding US$7 trillion while FDI flows have virtually dried up. The banking sector is reeling under the pressures. Global remittances are expect...
US manufacturing rebounds in July but job losses continue: survey
Washington (AFP) - US manufacturing continued to recover in July and demand jumped compared to June but firms are still shedding jobs, according to an industry survey released Monday.The Institute for Supply Management's (ISM) manufacturing index jumped to 1.6 points to 54.2 percent, the highest in a year and beating the consensus.Of the 18 manufacturing industries, 13 reported growth last month."In July, manufacturing continued its recovery after the disruption caused by the coronavirus (COVID-19) pandemic. Panel sentiment was generally optimistic" with two positive comments received for ever...
House passes $483 bn stimulus as US job losses soar
Washington (AFP) - The House of Representatives passed a new $483 billion economic stimulus bill Thursday as US job losses due to the coronavirus soared and businesses clamored for more support.The House voted overwhelmingly for the bill, already passed by the Senate, and President Donald Trump indicated he would quickly sign it into law to pump more emergency funding into the world's largest economy. The bill came as another 4.4 million US workers filed new claims for jobless benefits, bringing the total to 26.4 million since mid-March.Unemployment has rocketed as much of the nation shut dow...
Thousands protest against job losses in South Africa
Johannesburg (AFP) - Thousands of South African workers staged nationwide demonstrations on Wednesday to protest against high unemployment and government policies they say have failed to create jobs and are deepening poverty.Workers dressed in red t-shirts, showing their loyalty to the trade union movement, gathered in the eastern port city of Durban, Johannesburg and other locations for open-air rallies three months ahead of the country's general election.Companies in South Africa, notably in the mining sector, have shed tens of thousands of jobs in recent years in what unions have termed a "...
FEATURE: Universal basic income: possible salve for job losses?
Amid growing concern that technological advancements in automation and artificial intelligence could put millions of people out of work, countries have taken increasing interest in the possibility of universal basic income programs as a way to stabilize their economies.With automation already cutting into demand for both manual laborers and office workers as the ranks of the "working poor" swell, experiments to provide guaranteed income regardless of employment status have been conducted in some countries. Canada is one of them.The Canadian province of Ontario is nearing the end of a pilot pro...
Brazilian Elle, Cosmo to disappear in mass job losses: reports
Sao Paulo (AFP) - Brazilian Elle and Cosmopolitan will disappear from newsstands and some 500 people will lose their jobs in what Brazilian magazine group Abril called a "reorganization," according to reports Tuesday.According to local media reports, about 170 journalists will be among those getting axed.Abril, one of South America's biggest magazine publishers, did not confirm the job numbers, but said it would "concentrate its human resources" on its main brands, including the widely read current affairs weekly Veja.Cosmo and Elle confirmed on their social media accounts that they would shut...