Articles for Job Losses

Retailers warn job losses ‘inevitable’ as they brace for £7bn Budget hit
1 month ago

Retailers warn job losses ‘inevitable’ as they brace for £7bn Budget hit

The Telegraph  

Dozens of Britain’s biggest retailers have warned Rachel Reeves that her plans to hike National Insurance will cause staff to be laid off and shops to be shut. Major companies including Tesco, M&S, Boots and B&Q have written to the Chancellor saying that job losses were now “inevitable”, as a result of the “sheer scale” of the new costs on …

Job Budget National Insurance Job Losses Wage Growth
Pension ‘megafunds’ to be created to boost investment and economic growth
1 month, 1 week ago

Pension ‘megafunds’ to be created to boost investment and economic growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That starts with the biggest set of reforms to …

Government Growth Infrastructure Money Investment Economic Growth Assets
Column: The latest info on California’s $20 minimum wage for fast-food workers — higher pay, no job losses and minimal price hikes
2 months, 1 week ago

Column: The latest info on California’s $20 minimum wage for fast-food workers — higher pay, no job losses and minimal price hikes

LA Times  

McDonald’s prices haven’t significantly risen since California raised its fast-food minimum wage to $20 an hour on April 1. Gavin Newsom on the state’s $20 minimum wage for fast-food workers Two new analyses of the actual wage and price impacts of the $20-per-hour minimum have appeared this month. Fast-food employment in California rose after April’s minimum wage increase, often faster …

Labor Job Employment Workers Price California Journal
Surat’s diamond factories lose sparkle as global recession hits sector
4 months, 1 week ago

Surat’s diamond factories lose sparkle as global recession hits sector

The Hindu  

Mass scale job losses, pay reduction and uncertainty about work have taken the sheen away from Surat’s famed diamond industry, which employs around seven lakh workers in thousands of factories in cutting and polishing rough diamonds and exporting them in multiple countries. According to Surat Diamond Association’s president Jagdish Khunt; the Russia-Ukraine war and Israel’s action in Gaza are some …

Global Ukraine Russia Financial Workers Israel Demand
For Congress, inflation and job losses to be key in Haryana elections campaign
5 months, 1 week ago

For Congress, inflation and job losses to be key in Haryana elections campaign

Hindustan Times  

After fighting the Lok Sabha election over issues such as price rise and unemployment, the Congress is gearing up to contest the upcoming Haryana state polls on similar problems faced by the people. The party’s campaign slogan “Haryana maange hisaab” claims that the state has the highest unemployment rate in the country, highest price rise and highest crime rate. More …

Congress Campaign Haryana Party Gandhi Lok Sabha Bjp
AI Can Exacerbate Job Losses, Market Fall and Supply Chain Errors in Next Downturn: IMF
6 months, 3 weeks ago

AI Can Exacerbate Job Losses, Market Fall and Supply Chain Errors in Next Downturn: IMF

Deccan Chronicle  

Chennai: In the next downturn, artificial intelligence can exacerbate job losses, financial market losses and supply chain errors across countries. In order to remain prepared, countries have to ensure that tax systems favour people over automation, workers are protected from AI labour market disruptions and financial institutions make disclosures on usage of AI, said Gita Gopinath, first deputy managing director …

Job Market Financial Countries Ai Job Losses Gopinath
As NZ unemployment rises, Kiwis are making their way across the Tasman
7 months ago

As NZ unemployment rises, Kiwis are making their way across the Tasman

ABC  

In short: Economic downturn in New Zealand is leading to job losses with unemployment expected to hit 5 per cent by the end of the year. Economic downturn in New Zealand is leading to job losses with unemployment expected to hit 5 per cent by the end of the year. The job market has been contracting for a while, with …

Job Australia New Zealand Number Cent Rate Zealand
No end to the 'property cyclone' as construction costs keep rising and more builders head into insolvency
8 months, 2 weeks ago

No end to the 'property cyclone' as construction costs keep rising and more builders head into insolvency

ABC  

Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn't rushed into building a home. "We need a lot more corporate regulation around directors that trade — the building companies — that know they can't pay the bills, or they're insolvent," Mr Satterley says. Mr Duggan says there's been a 40 per cent increase …

Homes Housing Construction Industry Building Interest Rates End
Biden's economy is remarkably strong. Why don't voters seem to care?
9 months ago

Biden's economy is remarkably strong. Why don't voters seem to care?

Slate  

President Joe Biden spent most of his recent State of the Union address celebrating his economic record, with good reason. Everyone expects Republicans to give a Democratic president a hard time, but sharp and sustained economic criticism from Biden’s ostensible allies established a narrative of failure that has proved alarmingly resistant to reality. From his first day in the Oval …

Economy Inflation Unemployment Economic Democratic Biden Way
Govt admits AI can lead to job losses in India
10 months, 2 weeks ago

Govt admits AI can lead to job losses in India

New Indian Express  

Moving away from its earlier stance that AI is ‘not leading to job losses’, Government of India seems to be coming round to the realization that AI may end up taking jobs away from some people. “AI may result in automating some routine jobs but will also result in job creation in various data science, data curation etc,” said Electronics …

India Job Data Jobs Ai Job Losses
Tata Steel job losses ‘tip of the iceberg’, union official warns
10 months, 3 weeks ago

Tata Steel job losses ‘tip of the iceberg’, union official warns

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Politicians, unions and executives from steel giant Tata are …

Job Steel Plan Tata Gmb Job Losses Port Talbot
Artificial Intelligence not leading to job losses, says IT Ministry
1 year, 5 months ago

Artificial Intelligence not leading to job losses, says IT Ministry

The Hindu  

The Ministry of Electronics and Information Technology said on July 21 that the rise of Artificial Intelligence was not leading to any job losses, and was in fact on track to increase India’s Gross Domestic Product. Rajya Sabha BJP MP Sushil Kumar Modi had asked “whether Government has evaluated socio economic impact of generative AI on job losses”. In a …

Job Ai Job Losses
Crime wave forces Nordstrom to close San Francisco stores, resulting in 380 job losses
1 year, 6 months ago

Crime wave forces Nordstrom to close San Francisco stores, resulting in 380 job losses

Hindustan Times  

Nordstrom, the eminent clothing retailer, is set to close its two San Francisco stores this summer, resulting in the loss of approximately 380 jobs. Earlier this month, Nordstrom announced the impending closures in a message to its employees, citing “the deteriorating situation" in San Francisco and the significant changes that have taken place in the downtown market. The owner of …

San Francisco San Francisco Store Job Losses Nordstrom San Francisco Stores
Maryvale paper mill workers concerned about jobs as production of white paper ends for now
2 years ago

Maryvale paper mill workers concerned about jobs as production of white paper ends for now

ABC  

With the flick of a switch, white paper production at Opal Australian Paper's Maryvale mill has ceased indefinitely. Key points: The last ream of white paper for the foreseable future came off the line at the Maryvale paper mill on Friday Workers whose families have been there for generations face job uncertainty The Victorian government said it will provide support …

Support Job Supply Jobs Work Workers His Dad
Worker stand-down mooted at Latrobe Valley paper mill, as unions fear up to 300 jobs at risk
2 years ago

Worker stand-down mooted at Latrobe Valley paper mill, as unions fear up to 300 jobs at risk

ABC  

A paper manufacturer in Victoria's Latrobe Valley is preparing to stand down up to 300 workers and has flagged the potential for permanent job losses because of a timber shortage. Key points: Opal Australian Paper has told unions it plans to stand down workers at its Maryvale mill and has flagged the potential for permanent job losses Unions say up …

Workers Company White Paper Victoria Australian Worker
Can Biden save democracy one US factory job at a time?
2 years, 2 months ago

Can Biden save democracy one US factory job at a time?

Associated Press  

WASHINGTON — President Joe Biden is working to create a manufacturing revival — even helping to put factory jobs in Republican territory under the belief it can restore faith in U.S. democracy. Jay Timmons, CEO of the National Association of Manufacturers, said the gains in factory jobs reflect five years of effort, starting with the 2017 tax cuts by Trump …

Political Democratic Ohio Republican Biden Khanna Factory Jobs
EXPLAINER: What’s in Biden’s proposed new Asia trade pact?
2 years, 7 months ago

EXPLAINER: What’s in Biden’s proposed new Asia trade pact?

Associated Press  

TOKYO — President Joe Biden faced a dilemma on trade in Asia: He couldn’t just rejoin the Trans-Pacific Partnership that his predecessor had pulled the U.S. out of in 2017. We’ll do that by taking on some of the most acute challenges that drag down growth.” White House national security adviser Jake Sullivan said IPEF is “focused around the further …

China White House Taiwan Biden Job Losses Ipef Trade Talks
How will net zero shape the future? With job gains and losses. It's inevitable
3 years, 1 month ago

How will net zero shape the future? With job gains and losses. It's inevitable

ABC  

How will net zero shape the future? Matt Kean, the New South Wales Treasurer and Environment Minister, told the ABC last week that Australia was now becoming a dumping ground, by foreign car manufacturers, for the world's dirtiest vehicles. Old technologies replaced Back in 2013, during an infamous question time in federal parliament, then-treasurer Joe Hockey dared Holden's American owners …

Job Electric Vehicles Car Manufacturing Company Federal Holden South Australia
Sydney's second city-wide COVID lockdown is hitting jobs harder than its first
3 years, 3 months ago

Sydney's second city-wide COVID lockdown is hitting jobs harder than its first

ABC  

The extended lockdowns in Sydney have hit its payroll jobs harder than last year's lockdowns, with construction jobs hit significantly hard, economists say. Key points: Payroll jobs have fallen 8.9 per cent in Greater Sydney since lockdowns began In the same period, payroll jobs have fallen 3.8 per cent in New South Wales Economists say the negative momentum is accelerating …

Job Construction Data Jobs Unemployment South Cent
No data, little relief: Panel report exposes government inadequacies
3 years, 3 months ago

No data, little relief: Panel report exposes government inadequacies

The Hindu  

MORE than one and a half years after the outbreak of COVID-19 in India, the Central government is yet to come up with an estimate of how badly livelihoods, incomes and jobs were affected by the pandemic and successive lockdowns. The committee said that it was “not convinced with the reasonings adduced by the Ministry for such an inordinate delay …

India Employment Pandemic Data Labour States Unemployment
As Airport Monetisation Plan Gains Traction, Can't Ignore Stagnant Growth, Job Losses in Aviation Market
3 years, 3 months ago

As Airport Monetisation Plan Gains Traction, Can't Ignore Stagnant Growth, Job Losses in Aviation Market

News 18  

The Government of India and the NITI Aayog recently announced a comprehensive plan for the national monetisation pipeline. The airport capacity challenge Airports are key pieces of infrastructure and it is no surprise that they find themselves figuring in the national monetisation pipeline. India’s airports and operators To build an airport capacity a significant capital investment and talent is required …

India Market Airport Investment Airports Indian Risk
As Greater Sydney's lockdowns impact other states, women and younger workers suffer most job losses
3 years, 4 months ago

As Greater Sydney's lockdowns impact other states, women and younger workers suffer most job losses

ABC  

The damage from Sydney's virus outbreak is showing up in the national employment data, and economists warn it is spilling over into other states. Key points: Unemployment rate expected to rise above 5 per cent in coming months Women, and youngest and oldest workers, suffering heaviest job losses More declines in payroll jobs to come Across Australia, women are losing …

Job Women Data Jobs States Workers Cent
Coronavirus likely to lock India’s women out of job market for years
3 years, 4 months ago

Coronavirus likely to lock India’s women out of job market for years

Live Mint  

New Delhi: Savitri Devi has been searching for work since she lost her job at a garment factory in New Delhi, along with half her co-workers, when sales plummeted at the start of the coronavirus pandemic last year. "Whatever social and economic gains Indian women had made in the last decade, it has been largely wiped out during the COVID …

India Job Women Delhi Coronavirus Work Cia
For India’s COVID-hit Airlines, the Flight Path Continues to be Turbulent
3 years, 5 months ago

For India’s COVID-hit Airlines, the Flight Path Continues to be Turbulent

News 18  

As the vaccination rollout gets underway, India’s airlines are hoping against hope that travel demand starts showing some semblance of normalcy. Between a market structure that is tending towards a duopoly and rising input costs, the flight path for India’s airline continues to be unsettled. With COVID, India’s airlines burnt through cash and unlike counterparts in Europe and the West, …

Travel India Job Airlines Airline Covid Cash