Saturday, 8 August 2020

Tag Archives: jobs

Spain jobless level hits 15.3% in second quarter

MADRID: Spain’s unemployment rate rose in the second quarter of the year, reflecting the negative impact on the labor market of lockdown measures to contain the coronavirus pandemic. The country’s unemployment rate rose to 15.33% in the quarter from 14.41% in the first quarter of 2020, Spanish statistics office INE ...

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36,000 Pakistanis lost jobs in Gulf amid COVID-19

DUBAI: Over 36,000 Pakistanis had lost their jobs working in the Gulf region this year, owing to economic slowdown brought by the Coronavirus pandemic, informed Sayed Zulfikar Abbas Bukhari, special assistant to Prime Minister on Overseas Pakistanis and Human Resource Development. Despite, job losses mounting into thousands the SAPM was ...

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Emirates airline to cut up to 9,000 jobs amid virus pandemic

DUBAI: Emirates airlines has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs. This was announced by the airline’s president Tim Clark, according to a report. The Middle East’s largest carrier, which operates a fleet of 270 ...

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Robots – allies during Covid-19 crisis, enemies later?

When human contact needs to be kept to a minimum, robots can save lives and factories. But when the coronavirus crisis is over, will they amplify job losses? It may be a mechanised arm pulling beers in a Seville bar, a dog-like dispenser of hand sanitiser in a Bangkok mall, ...

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Data Showing 30 Million US Job Losses From COVID-19

NEW YORK: Wall Street’s main stock indexes were down about 1 percent in Thursday’s early trade after data showed that nearly 30 million Americans have lost their jobs due to the coronavirus (COVID-19) pandemic. The Dow Jones Industrial Average, the broadest equities gauge on the New York Stock Exchange, was down 1. 2 percent at 24,327 by 9:32 AM ...

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Virus affects 81% of global workforce

LONDON: The International Labour Organization (ILO) told the World Bank and International Monetary Fund (IMF) that workplace closures have risen so fast that 81% of the global workforce live in countries with mandatory or recommended closures. ILO Director-General Guy Ryder urged the IMF and World Bank to focus their response ...

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Dubai’s biggest bank said to cut up to 500 jobs

DUBAI’s largest bank, Emirates NBD, has reportedly cut up to 500 jobs since October. Reuters quoted sources familiar with the matter as saying the cuts were part of efforts by UAE banks to reduce costs amid slower economic growth. The cuts have been across several areas of the bank, which ...

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HSBC to cut up to 10,000 jobs

LONDON: HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4pc of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represents the lender’s most ambitious attempt in years to ...

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Tata Steel to shut some operations in UK, 400 jobs at stake

BENGALURU: Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs. The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was ...

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Tesco to cut 4,500 jobs in Metro restructuring

LONDON: British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. Tesco, both the biggest retailer and largest private sector employer in Britain, is restructuring operations ...

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