The OECD warns for the impact of migrants on the labor market

June 25, 2018 11:43 amComments Off on The OECD warns for the impact of migrants on the labor market
The OECD warns for the impact of migrants on the labor market

The migration crisis during the last few years would only have a marginal effect on the European labor market if the EU agrees to a mechanism to allocate their number evenly across the Union, shows the study of the Organization for Economic Cooperation and Development (OECD). Refugees are unevenly distributed and are usually young, poorly educated men. They are also concentrated in several countries where, according to the OECD, their […]

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Deutsche Telekom close 6,000 jobs in Germany

June 22, 2018 7:32 amComments Off on Deutsche Telekom close 6,000 jobs in Germany
Deutsche Telekom close 6,000 jobs in Germany

German telecom operator Deutsche Telekom plans to close about 10,000 jobs in its main T-Systems subsidiary, of which 6,000 will be in Germany. Deutsche Telekom targets cost reduction of 600 million EUR by 2021, which to reinvest in more strategic activities, especially in the Internet security. “Restructuring is expensive because we want to make it also socially viable, but this investment is being paid”, said the head of T-Systems, Adel […]

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Social contributions are not enough for the future of the French dream of equality

June 19, 2018 1:07 pmComments Off on Social contributions are not enough for the future of the French dream of equality
Social contributions are not enough for the future of the French dream of equality

France ranks first in terms of social spending in the world. Their high level is due to the collective preference for equality but also to the emerging significant inequalities. Does France donate too much money for social benefits? Without any doubt. It is a world champion in this field, ahead of Finland and Belgium. France allocates nearly one third (31.5%) of its Gross Domestic Product (GDP) according to the OECD, […]

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Robots will replace 10,000 employees in one of the largest US banks

June 15, 2018 11:04 amComments Off on Robots will replace 10,000 employees in one of the largest US banks
Robots will replace 10,000 employees in one of the largest US banks

In the next five years, robots will replace 10,000 employees in one of the largest US banks – Citibank, according to a statement of the company’s president James Forese. “We have 20,000 operational positions. In the next five years, we can reduce them to 10,000”, said James Forese. In his words, automation is subject to technologies and operations involving almost 40% of employees in Citigroup’s banking division. James Forese describes […]

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The EU employment grew in Q1 2018

June 13, 2018 1:36 pmComments Off on The EU employment grew in Q1 2018
The EU employment grew in Q1 2018

The EU employment grew by 0.4% in Q1 2018 on quarterly basis, which shows a slight acceleration compared to the previous quarter when the increase was 0.2%. On an annual basis, growth is 1.4% compared to 1.5% in the last three months of 2017. Average quarterly employment growth in the Eurozone on quarterly and annual basis for the January-March period remained at the same level as in the EU – […]

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