Money Buzz! Europa

Category: Jobs

  • SeedBlink appointed Carmen Sebe as the company’s CEO

    SeedBlink appointed Carmen Sebe as the company’s CEO

    SeedBlink investment platform appointed Carmen Sebe as CEO, after joining the company as a partner on January 1, 2020.

    With the promotion of Carmen Sebe, Andrei Dudoiu, co-founder and former CEO of the company becomes Managing Partner and Chairman of the Board of Directors.

    The organizational chart is completed by two new managers for the positions of CFO and CTO.

    So Dorina Tudor, a manager with 25 years of experience in finance, has been Chief Financial Officer since September 7.

    Previously, SeedBlink held a similar position at Dr. Leahu Clinics, Gecad Group and Avangate.

    On the other hand, George Simion, a specialist with 17 years of IT experience, became SeedBlink’s new Chief Technology Officer in August.

    Previously, he held various management positions, including Software Engineering Director at Verifone, 2CheckOut and Coinzone.

    These hires come on the heels of SeedBlink’s €3 million Series A funding round led by Catalyst II Romania, with the additional participation of institutional investors.

  • Unemployment rate in Czechia at 3.4% in May 2021

    Unemployment rate in Czechia at 3.4% in May 2021

    The general unemployment rate of the aged 15–64 years in Czechia reached 3.4% in May 2021 and increased by 0.8%, year-on-year.

    The male unemployment rate, seasonally adjusted, attained 2.8%; the female unemployment rate reached 4.0%.

    The employment rate of the aged 15–64 years reached 74.0% in May 2021 and decreased by 0.1 percentage point compared to that in May 2020.

    The male employment rate was 80.8%; the female employment rate was 67.0%, both seasonally adjusted.

    The employment rate of persons aged 15–29 years, seasonally adjusted, was 45.9%, in the age group 30–49 years it attained 87.1%, and in the age group 50–64 years it got to 75.8%.

  • Half of Romanian students did not receive any job offers in 2020

    Half of Romanian students did not receive any job offers in 2020

    Around 80% of students in Romania say 2020 was a poor year in terms of career opportunities, with 52% not receiving a job offer, according to Undelucram.ro.

    43% of students applied for 1-10 jobs in 2020, almost 27% for over ten jobs, and 30% did not apply for any job.

    Half of the respondents were invited to 1-10 interviews, and 48% to none. Almost 2% of students received invitations to over ten interviews.

    On the other hand, 52% of the students did not receive any job offer. 37% received one or two job offers, and almost 11% more than two.

    In conclusion, 78% of students consider that 2020 was a poor year in terms of professional opportunities, 19% believe that it was a good year, and 3% say that last year was successful.

    Salaries are between 1,600-4,700 lei net/per month

    Net salaries for student/junior jobs vary between 1,600 lei and 4,700 lei net per month.

    The lowest salaries are in production, in this field the values ​​being between 1,600 and 2,750 lei net.

    On the other hand, students can get the highest income if they work in IT, more precisely between 2,800 and 4,700 lei net, per month.

    In retail, a very popular segment for students due to the program’s flexibility, salaries are between 1,850 and 2,800 lei.

    Salaries in banks are between 2,050 and 3,650 lei, in consulting between 1,900 – 3,350 lei and, in BPO, are between 1,975 – 3,700 lei.

  • Dinu Bumbăcea to take over the leadership of PwC Romania

    Dinu Bumbăcea to take over the leadership of PwC Romania

    Dinu Bumbăcea is to become PwC Romania’s Country Managing Partner as of 1 July 2021. He takes over that role from Ionuț Simion, who has led PwC Romania for six years.

    With over 28 years of experience in professional services, of which 21 years have been spent as a Partner, Dinu Bumbăcea is currently Partner and Advisory Leader of PwC Romania.

    During his career, Mr. Bumbăcea has coordinated a wide range of consulting projects, in Romania and across the Central and Eastern Europe region, in various industries.

    He’s a graduate of the Faculty of Electronics and Telecommunications of the University Politehnica of Bucharest, holds a master’s degree in electrical engineering from Georgia Institute of Technology US.

    Dinu Bumbăcea is a member of the Association of Chartered Certified Accountants (ACCA UK) and of the Chamber of Financial Auditors of Romania (CAFR).

    This year marks 30 years of PwC activity on the local market since it became the first large professional services company registered in Romania after 1989.

    The PwC Romania and PwC Moldova teams currently have over 800 professionals coordinated by 21 Partners, with offices in Bucharest, Cluj-Napoca, Timișoara, Constanța and Chișinău.

  • The pressure on full time working women has significantly increased in 2020

    The pressure on full time working women has significantly increased in 2020

    About 82% say their daily routine has been disrupted by the pandemic, and 70% of them are concerned about the impact these changes could have on their ability to progress in their careers.

    Most participants also feel they always need to be available at work (53% of the women without caregiving responsibilities and 44% of those with such tasks).

    Women remain optimistic about their potential to progress

    However, despite the challenges created by the pandemic, women remain optimistic about their potential to progress over the next year.

    This could be by taking on more responsibilities as a result of promotions (52%) or by obtaining a pay raise (47%).

    On the other hand, 60% of respondents question the opportunity to move up in their organization when considering the effort it takes.

    In this context, 41% mentioned the risk of deteriorating their work/life balance, and 30% cited non-inclusive behaviors, such as micro-aggressions and exclusion from meetings or projects.

    Many women remain loyal to their current employers

    Many women remain loyal to their current employers, a third (32%) planning to stay with them for two to five years, and 30% for more than five years.

    Asked what would be the actions their employer could take to convince them to stay, 55% mentioned a promotion or a pay raise, 48%, more flexible working options, 45%, better benefits, 40%, additional learning opportunities and being engaged in interesting projects.

    There are also notable differences between women with caregiving responsibilities and those without.

    The latter prefer career related opportunities, learning and professional development (49%, vs 33% of those with caregiving responsibilities).

    Working mothers are more interested in better benefits such as medical or parental leave (49% vs. 33%).

  • Volkswagen AG will cut 5,000 jobs from its German factories

    Volkswagen AG will cut 5,000 jobs from its German factories

    Volkswagen AG will lay off 5,000 employees from its German factories by the end of 2023, as part of a cost-cutting program.

    Up to 900 employees are expected to opt for the early retirement scheme, while about 2,000 to 4,000 employees will leave the company following the gradual cut of their activities.

    Company sources told Reuters that the number of jobs at six factories in Germany of the main brand, VW, which currently has about 120,000 employees, will be cut.

    In 2019, VW announced the lay off of 7,000 employees.

    Handelsblatt newspaper, which had previously announced the plan, said the German group would cut up to 5,000 jobs.

  • Working from home reduces stress levels for Millennials and Generation Z

    Working from home reduces stress levels for Millennials and Generation Z

    Almost 70% of Millennials and 64% of Generation Z said the option of working from home in the future could relieve stress, according to the latest edition of Deloitte Global Millennial Survey.

    However, the share of respondents who said they were stressed most of the time decreased for both generations during the pandemic , from 50% to 42% for Millennials and from 52% to 44% for Gen Zs.

    Financial concerns remain an acute stress factor for Millennials, especially for those who started their career in the beginning of the financial crisis in 2008 and now face another downturn.

    In the primary survey, more than 50% of Millennials believed their financial situations would worsen in the next year and their share increased to 61% after the pandemic outbreak.

    Four years ago, the share of Millennials in the primary survey who said they wanted to stay with their employers for five or more years was larger than the share of those who wanted to leave within two years.

    Those who would leave in two years or less dropped from 49% to 31%, while those who prefer to stay long-term jumped from 28% to 35%.

    Gen Zs remain more interested in changing the job, but only half of them said they would like to change jobs within two years, down from 61% a year ago.

    Interesting, a large majority (80%) think governments and businesses need to make greater efforts to protect the environment, yet they are concerned that the economic impact of the pandemic might make this less of a priority.

  • 40% of working women are employed in sectors affected by the pandemic

    40% of working women are employed in sectors affected by the pandemic

    COVID-19 has increased labour market inequalities between women and men, with more women losing or giving up their jobs during the pandemic, according to the PwC Women in Work Index report.

    Progress for women in work could be back at 2017 levels by the end of 2021, with the index estimated to fall 2.1 points between 2019 and 2021.

    The Index will not begin to improve again until 2022, when it should recover by 0.8 points.

    Women were the most affected in 17 out of the 24 OECD countries that reported an overall increase in unemployment in 2020.

    Between 2019 and 2020, the annual OECD unemployment rate increased by 1.7 percentage points for women (from 5.7% in 2019 to 7.4% in 2020)

    Data collected for the PwC report show that globally, 40% of working women (nearly 510 million) are employed in sectors that the International Labour Organisation identifies as being hardest hit by COVID-19, compared to 37% of men working in these sectors.

    The sectors concerned include tourism, entertainment and recreation, trade and food services.

    In order to undo the damage to women in work caused by COVID-19 by 2030, progress towards gender equality needs to be twice as fast as its historical rate.

    Women in Work Index 2021

    As they do every year, PwC experts have prepared a list of OECD countries ranked by the progress of individual labour markets for women.

    The top places in the current edition are held by Iceland, Sweden and New Zealand, with Mexico, South Korea and Chile taking the last three places. 

    Among the countries of Central and Eastern Europe, Slovenia ranks highest (in 4th). Poland was ranked 11th, Hungary 18th and Estonia in 19th.

    The Czech Republic and Slovakia are only in the lowest third of the list, ranking 22nd and 26th respectively.

  • Skoda wants to cut 2% of administrative jobs in Czechia this year

    Skoda wants to cut 2% of administrative jobs in Czechia this year

    Skoda wants to cut 2% of administrative jobs in Czechia this year, not through redundancies, but by not replacing retiring employees, Reuters reports.

    Skoda has 42,000 employees worldwide. Although most of them work in the Czech Republic, the company has not released details on the exact number of local employees and how many positions are administrative.

    Czech news agency CTK estimates Skoda’s number of Czech employees at 34,000.

    Employees unions announced on Thursday that the company wants to reduce ”indirect staff”, those who are not involved in production, by 5% by 2023.

  • Globalworth appoints Marian V. Popa as Managing Director for Romania

    Globalworth appoints Marian V. Popa as Managing Director for Romania

    Globalworth announces the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021.

    As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.

    In his most recent role as Managing Director of Deutsche Bank Global Technology Romania, between 2014 and 2021, he created one of the four strategical technology centers of Deutsche Bank worldwide managing over 1,000 people.

    Before joining Deutsche Bank, Marian V. Popa held the position of Chief Executive Officer (CEO) of notable companies such as Endava CEE (over 7 years), Fujitsu/ICL (8 years) and Xerox Romania & Moldova (over 14 years).

    He founded the consulting company Transformative Coaching and several NGOs such as the Foundation for the Medieval Art Festival in Sighisoara, The American Chamber of Commerce, The British – Romanian Chamber of Commerce, AOAR, Transparency International Romania and many others.

    Mr Popa holds a degree in Economics and Foreign Trade Relations (Romania) and three diplomas in Executive Management Education (UK, Belgium, and France).

  • Dimitris Raptis is new Chief Executive Officer of Globalworth Group

    Dimitris Raptis is new Chief Executive Officer of Globalworth Group

    Globalworth announces that Dimitris Raptis is appointed sole CEO of the Group. Ioannis Papalekas stepped down as CEO of the company effective 15th of December 2020.

    Dimitris Raptis (45) is a seasoned business leader with 25 years of experience in the financial services and real estate industries. He has been Globalworth’s Co-CEO since March 2020.

    He joined the Group when it was founded in 2012 as Deputy CEO and Chief Investment Officer.

    In this role, he was involved in most of the Company’s activities, with primary responsibility for Globalworth’s investment and capital raising initiatives, and since 2017, Globalworth Poland, the Group’s Polish business.

    During this period, he oversaw acquisitions and developments worth of Euro 2.7 billion (including the acquisition of the portfolio company that became Globalworth Poland in a take-private transaction) as well as the raising of Euro 5 billion of equity capital and debt capital transactions which propelled Globalworth from an asset base of Euro 53m when it was listed in London’s AIM market exchange in 2013 to over Euro 3 billion today.

    Before joining Globalworth, Dimitris Raptis spent 16 years in Deutsche Bank, most of them as a senior member of the real estate investment management group of Deutsche Bank’s Asset and Wealth Management division (“RREEF”).

    Dimitris Raptis has a First Class (HONS) BSc in Banking and International Finance from Cass Business School, London.

  • Eurostat: 15% of all EU employees are low-wage earners

    Eurostat: 15% of all EU employees are low-wage earners

    In 2018, 15.3% of employees in the European Union (EU) were low-wage earners (this means that they earned two-thirds or less of their national median gross hourly earnings) compared to 16.4% in 2014.

    18.2% of female employees were low-wage earners in 2018, compared with 12.5% of male employees.

    In 2014, 19.9% among female employees and 13.2% among males were low wage earners.

    Highest share of low-wage earners in Latvia, lowest in Sweden

    The proportion of low wage earners varied significantly among EU States in 2018.

    The highest share was observed in Latvia (23.5%), followed by Lithuania (22.3%), Estonia (22.0%), Poland (21.9%) and Bulgaria (21.4%).

    In contrast, less than 10% of employees were low-wage earners in Sweden (3.6%), Portugal (4.0%), Finland (5.0%), Italy (8.5%), France (8.6%) and Denmark (8.7%).

    Low-wage earners accounted for more than a quarter (26.3%) of employees aged less than 30.

    The proportion of low-wage earners in the older age groups was much less, at 13.9% in the 50 and above age group and 12.6% in the 30-49 age group.

    More than a quarter (27.1%) of employees in the EU with a low education level were low-wage earners.

    Fewer employees with a medium level of education were low-wage earners (18.0% of employees), while low-wage earners accounted for just 4.6% of employees with a high education level.

    For employees whose contract of employment was of limited duration, 28.1% were low-wage earners, compared with 12.8% of those with an indefinite contract.