labourmarket
The Spanish unemployment report for the first quarter (Q1) of 2024 was released on Friday morning and showed that unemployment in the country rose to 12.29% from 11.80% in Q1 2023, according to the National Statistics Institute (INE). This was also more than analyst forecasts of 11.80%. This higher figure comes as Spain continues to struggle with a significant number of its employment contracts being temporary, due to its massive tourism and hospitality sector, as well as chronically low productivity. Market measures supporting job stability in SpainAlthough an increase from the previous quart...
Euronews (English)
Countries in Europe and Central Asia are estimated to make $84.2 million (€78.1) in illegal profits from forced labour every year, according to a recently published report by the International Labour Organization (ILO). Victims from 51 European and Central Asian countries – including Germany, Italy, Russia, Spain, Albania and Uzbekistan – clocked in the highest estimation of illegal profits per victim, sitting at roughly €19.7 million. The European Commission (EC) describes forced labour as individuals threatened with violence or intimidation to work or who have been forced to work through ind...
Euronews (English)
The Dutch government is pulling out all the stops to entice semiconductor maker ASML to remain in the country, following the company being openly disgruntled about the Netherlands' anti-migrant position. It has now embarked on a cross-ministry effort, named Operation Beethoven, to convince the company to continue its investments and operations in the country. ASML is the country's biggest company, as well as being one of Europe's largest. However, it also relies heavily on foreign employees, with about 40% of its 23,000 strong Netherlands' labour force being of a different nationality. As such...
Euronews (English)
Remote workers could face lower salaries at European companies, as firms are eyeing opportunities to increase production and lower costs, according to the finding of a new survey. Remote positions are quickly evaporating to be replaced by hybrid openings, while companies, including tech giants across the globe, are making headlines by ordering employees back to the office, in a reversal of a trend that many thought was here to stay. A recent study published by spend management platform Pleo suggests that nearly one in five European small and medium-sized enterprises (SMEs) are considering cutt...
Euronews (English)
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