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Number of retrenched workers rose by 42% in ’13

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The number of retrenched workers in the country ballooned by 42 percent to 45,208 in 2013, from the 31,778 recorded the previous year as more businesses decided to let go of people, citing “economic reasons.”

Posted: April 17th, 2014 in Headlines | Read More »

Japan auto firms rue industry roadmap delay

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Toyota Innova assembly at Santa Rosa factory.  PHOTO BY TESSA SALAZAR

Japanese automotive firms may consider relocating their Philippine operations to neighboring countries if the government is unable to issue the much-awaited roadmap that will outline the strategic direction, policies and new incentives needed to make the automotive industry more competitive.

Posted: April 7th, 2014 in Headlines,Photos & Videos | Read More »

Employment blues

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By this time, or at the latest, next week, most of the 850 or so colleges and universities in the country would have completed their graduation ceremonies. For the parents, the occasion is a culmination of years of struggle to provide for the financial and psychological needs of their children as they prepare for their future. The joy of seeing their children complete their education is indescribable.

Posted: April 4th, 2014 in Columnists,Inquirer Columns | Read More »

Check the salary first then apply for that new job

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Companies are now finding it easier to fill vacancies because of a step they are initially averse to—showing the salary range they are willing to offer to prospective applicants.

Posted: February 28th, 2014 in Headlines,Inquirer Features | Read More »

Neda updates strategies to generate jobs

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Economic Planning Secretary Arsenio Balisacan: There is need to improve the skill sets of the poorest families. INQUIRER FILE PHOTO

Admitting that economic growth alone was not “sufficient” to reduce poverty, Socioeconomic Planning Secretary Arsenio Balisacan laid down, on Monday, the government’s “updated” strategies to ultimately achieve inclusive growth.

Posted: February 17th, 2014 in Latest Business Stories | Read More »

Flexible working may stem costly staff turnover

Business people in the Philippines reveal flexible working is often the make-or-break deal of job offers. Seventy-eight percent of traders said that they would choose one job over another similar one, if it offered flexible working. A staggering 75 percent confirmed that flexible working also improved staff retention, according to the latest survey of Regus, a global workplace provider.

Posted: January 31st, 2014 in Headlines | Read More »

Walmart lays off 2,300 in cost-cutting move—report

People protest outside a Walmart in the Crenshaw district of Los Angeles on Black Friday, November 29, 2013. The protestors were demanding better wages and better working conditions for Walmart employees. AFP

Walmart will lay off about 2,300 workers at its Sam’s Club warehouse unit, The Wall Street Journal said Friday, the latest in a string of job losses at US retailers.

Posted: January 25th, 2014 in Latest Business Stories | Read More »

DOLE’s comic employment plan

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Is she serious? This question crossed my mind after reading last week Labor Secretary Rosalinda Baldoz’s announcement that the government will allow the entry of foreign workers in at least 15 jobs in the country that have a shortage of skilled workers.

Posted: January 24th, 2014 in Columnists,Inquirer Columns | Read More »

Top labor exporter PH may use foreign workers to plug shortfall

Communications Secretary Herminio Coloma. INQUIRER FILE PHOTO

The Philippines, one of the world’s top labor-exporting nations, is suffering shortages in more than one hundred occupations and is considering proposals to hire skilled foreign workers, officials said Thursday.

Posted: January 16th, 2014 in Latest Business Stories | Read More »

Unemployment rate slightly up in ’13

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AFP FILE PHOTO

The jobless rate in the Philippines averaged 7.3 percent in 2013, up from 7 percent of the previous year despite the economy’s expansion.

Posted: December 27th, 2013 in Editor's Pick,Headlines | Read More »

Australia’s Qantas Airways to slash 1,000 jobs

Qantas aircraft: Potential alliance with Emirates AFP FILE PHOTO

Qantas Airways said Thursday it will slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars ($225 million), increasing the likelihood that regulators will throw the flag carrier a lifeline by easing restrictions on foreign ownership.

Posted: December 5th, 2013 in Latest Business Stories | Read More »

Job creation is not a walk in the park

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The economy is growing but jobs are not increasing. Jobless growth is widespread in many countries. It is a worry in the European Union and the United States, and a deepening concern of President Aquino. In the past, economic growth is highly correlated with job creation. This is no longer the case. This lack of correlation runs counter to inclusive growth.

Posted: November 25th, 2013 in Columnists,Inquirer Columns | Read More »

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