Money Buzz! Europa

Category: Jobs

  • Carrefour to hire 15,000 young people in France next year

    Carrefour to hire 15,000 young people in France next year

    Carrefour plans to hire 15,000 young people in France next year, and half of them would come from disadvantaged neighborhoods, CEO Alexandre Bompard said on Tuesday.

    ”Approximately 750,000 young people enter the labor market each year,” Alexandre Bompard, Carrefour general manager told RTL radio, talking to workers up to the age of 25.

    ”They always have a hard time finding a place in the labor market. This year, for those we call the ‘COVID Generation’, it is extremely complicated. The doors are closed because many companies are facing difficulties,” Bompard said.

    ”We have decided to hire 15,000 young people next year, 50% more than usual, and I want 50% of these young people to come from disadvantaged neighborhoods,” he added.

    Carrefour has 321,000 employees worldwide, of which 105,000 in France.

  • Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

    Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

    In Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in Czechia increased by 5.1% compared to the corresponding period of the previous year.

    In real terms, it increased by 1.7%. The median wage was CZK 31,183.

    The average gross monthly nominal wage per FTE employee in the national economy was CZK 35,402, which is by CZK 1,716 more than in the corresponding period of 2019.

    In the aforementioned period of 2020, consumer prices increased by 3.3% and thus wages increased by 1.7% in real terms.

    The wage volume increased by 1.9% and the number of employees decreased by 3.1%.

    Compared to the previous quarter, the seasonally adjusted average wage increased by 5.8% in the Q3 2020.

    In the period from Q1 2020 to Q3 2020, the average wage reached CZK 34,611; in the year-on-year comparison, the increment was CZK 1,188 (3.6%).

    Consumer prices increased for the aforementioned period by 3.3%; the wage increased by 0.3% in real terms.

  • Average monthly wage in Slovakia at EUR 1.113 in Q3 2020

    Average monthly wage in Slovakia at EUR 1.113 in Q3 2020

    In Slovakia, the average monthly wage increased by 4,2 % to EUR 1.113, but the growth was mainly driven by the public sector.

    The unstable period caused by the Covid-19 pandemic in the third quarter has not yet significantly affected the wage growth.

    After a unique decline in the nominal value of the average wage in the last quarter, monthly wages increased by an average of EUR 45 year-on-year in the 3rd quarter.

    After taking into account the inflation rate, real wage growth reached by 2,7 %. Compared to the 2nd quarter of 2020, the seasonally adjusted average wage rose by 6,7 %.

    In the sectors where most people work, the increases reached 2,1 % in industry and 1,5 % in trade.

    Compared to the corresponding period last year, the average nominal wage increased in all sectors monitored, with growth reaching from 0,3 % in administrative services to 10,5 % in public administration and defense.

    Higher increases were also recorded in education (by 10,2 %), health and social work (by 6,7 %) and in professional, scientific and technical activities (by 6,1 %).

    Average nominal monthly wage was higher than on average for the entire economy of the Slovak Republic only in Bratislavský kraj (EUR 1.358).

    In all the other regions, it ranged from EUR 893 in Prešovský kraj to EUR 1.064 in the Trnavský kraj.

  • Czechia: Unemployment rate at 2.9% in October 2020

    Czechia: Unemployment rate at 2.9% in October 2020

    Unemployment rate of the aged 15–64 years in Czechia reached 2.9% in October 2020 and increased by 0.9 p.p., year-on-year.

    The male unemployment rate, seasonally adjusted, attained 2.5%; the female unemployment rate reached 3.4%.

    Employment rate of the aged 15–64 years reached 74.0% in October 2020 and decreased by 1.2 percentage point (p.p.) compared to that in October 2019.

    The male employment rate was 81.0%; the female employment rate was 66.6%, both seasonally adjusted.

    The employment rate of persons aged 15–29 years, seasonally adjusted, was 45.6%, in the age group 30–49 years it attained 86.4%, and in the age group 50–64 years it got to 76.7%.

  • Slovakia: Unemployment rate at 7,2 % in Q3 2020

    Slovakia: Unemployment rate at 7,2 % in Q3 2020

    The corona crisis increased the unemployment rate in Slovakia to 7,2 %, leaving almost 200,000 thousand people without work.

    A growth rate of the unemployment accelerated in the third quarter, the Statistical Office of the Slovak Republic reports.

    The number of unemployed persons reached 196,5 thousand persons and was higher by 21,9 % year-on-year, which represents 35,3 thousand persons.

    The unemployment rate increased by 1,3 p.p. to 7,2 % year-on-year. It thus grew for the third consecutive quarter and reached the level of the turn of 2017 and 2018.

    In a quarter-on-quarter comparison (3rd quarter of 2020 compared to the 2nd quarter of 2020), seasonally adjusted unemployment increased by 10,6 thousand persons, which represents an increase of 5,9 % to 190,7 thousand persons.

    As a result of the corona crisis, the short-term unemployment rose

    The number of unemployed within six months reached 96,1 thousand, which means that every second person without work has become unemployed in the last six months.

    The share of this group in the total number of unemployed increased to 48,9 %, a year ago it was less than a third.

    Unemployment increased the most in the two most numerous age groups of unemployed, namely in the group of 35-49 years old by 34,7% and among young people 25-34 years old by 29 %.

    Number of unemployed decreased slightly in 55-59 years old and in 50-54 years old, year-on-year.

  • Itiviti to hire more than 200 new staff in 2021 and 2022

    Itiviti to hire more than 200 new staff in 2021 and 2022

    Itiviti will be adding more than 200 new research and development (R&D), quality assurance (QA) and client service positions in 2021 and 2022.

    The majority of new staff will be joining the company in its St Petersburg, Cluj and Mumbai offices.

    ”Launching such a large scale investment in staff during this time while other organizations are downsizing is very exciting and promising for us,” said Karoline Raets, Head of People Office, Itiviti.

    Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle.

  • IBM to cut around 10,000 jobs in Europe

    IBM to cut around 10,000 jobs in Europe

    IBM plans to cut 10,000 jobs in Europe in a bid to cut costs to its IT services division before putting it up for sale, sources close to the company told Bloomberg.

    Large-scale restructuring will cover about 20% of IBM’s workforce in Europe.

    The most impacted would be subsidiaries in the UK and Germany, but restructuring is also being considered in Poland, Slovakia, Italy and Belgium.

    The hardest hit will be IBM ‘s IT services division, which handles day – to – day operations such as managing customer data centers and traditional IT support for equipment installation, operation and repair.

  • Thomas Kolarik appointed to Operations & IT Vice-President of Erste BCR

    Thomas Kolarik appointed to Operations & IT Vice-President of Erste BCR

    Romanian Commercial Bank (BCR), part of Erste Group, has named Thomas Kolarik, an experienced IT top executive to Vice President position responsible for operations & IT at BCR starting January 1st 2021.

    His appointment is subject to regulatory approval by the National Bank of Romania.

    He shall succeed Ryszard Druzynski, member of the board in charge with operations & IT, who is finishing his mandate and has decided to return to native Poland in order to pursue other career opportunities. 

    Thomas Kolarik, a Ph.D holder in Computer Science from the Vienna University of Economics and Business, holds an extensive professional background as IT executive in senior CIO/CTO roles with banking, reputed international IT service providers, as well as start-up experience.

    Over the last 10 years, Kolarik has filled the role of Managing Director for s IT Solutions Austria, the IT provider for Erste Group Bank in Austria, Erste Bank Austria and 45 Savings Banks, where he managed 800-1.000 employees overseeing a rich software applications environment for more than 20.000 users and close to 1.000 branches, based on a common core banking system.

    Before that, he had built a consulting company from scratch, after acting as the business development manager of a multi-national IT services provider.

  • Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

    Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

    As part of UNIQA Insurance Group AG new ”growth strategy”, it is necessary to close a third of the sites in Austria and cut 600 jobs, Heute reports.

    Most of this job cuts are to be made in Austria, by 2022.

    However, the reduction in staff should be ”to the greatest extent possible” through natural departures and consensual contractual solutions.

    At EUR 213 million, pre-tax profit was maintained at the previous year’s level, with consolidated net income amounting to a whopping EUR 165 million. 

    Even more, over the past nine years, the number of customers has doubled to 15 million, and the dividend per share increased for the seventh year in a row.

  • French unions in Renault have agreed a 2,500 jobs cut

    French unions in Renault have agreed a 2,500 jobs cut

    CFE-CGC, the most important union from Renault, announced on Thursday that it has decided to sign an agreement that agrees a cut of 2,500 jobs in engineering and tertiary functions of the company in France, via voluntary departures, AFP reports.

    The signing of this agreement by CFE-CGC comes after a similar decision announced on Monday by Force Ouvriere, Renault’s fourth largest union.

    Given that the two unions together represent more than 50% of Renault’s employees, the agreement can be validated.

    This agreement is part of a larger plan that calls for the cut of 15,000 jobs globally, of which 4,600 in France alone.

    The 2,100 jobs that are expected to be cut in French plants are to be negotiated.

  • Average monthly wages and salaries in Bulgaria at 1.373 BGN

    Average monthly wages and salaries in Bulgaria at 1.373 BGN

    In the third quarter of 2020 in comparison with the second quarter of 2020 the average monthly wages and salaries in Bulgaria increased by 2.7% at 1.373 BGN, National Statistical Institute reports.

    The highest increase in wages and salaries was reported in ”Accommodation and food service activities” – by 37.6%, ”Public administration and defence; compulsory social security” – by 16.2% and in ”Arts, entertainment and recreation” – by 14.9%.

    The highest decrease was in the economic activities ”Financial and insurance activities” – by 7.9.

    Compared to the third quarter of 2019 the average monthly wages and salaries in the third quarter of 2020 rose by 9.9%.

    The economic activities with the highest wages and salaries in the third quarter of 2020 were:

    • ”Information and communication”- 3.208 BGN;
    • ”Financial and insurance activities” – 2.106 BGN;
    • ”Electricity, gas, steam and air conditioning supply” – 2.097 BGN.

    The lowest wages and salaries were recorded in:

    • ”Accommodation and food service activities” – 890 BGN;
    • ”Other service activities” – 931 BGN;
    • ”Agriculture, forestry and fishing” – 989 BGN.
  • UK: Unemployment rate at highest level in four years

    UK: Unemployment rate at highest level in four years

    Unemployment rate in the UK reached its highest level in four years in Q3 2020 and layoffs reached a record high after the coronavirus pandemic significantly affected the market, BBC and Reuters reported.

    Between July and September 2020, the unemployment rate rose to 4.8% from 4.5%, and the number of those laid off reached a record 314,000, 181,000 more than in the second quarter of 2020.

    Companies increased the number of laid off employees, anticipating the end of the job support scheme, which was originally scheduled to end in December, but was extended until March 31, 2021.

    In Q3 2020, the number of unemployed rose by 243,000, the most significant advance since May 2009, when the United Kingdom was hit hard by the global financial crisis.

    Data shows a significant decrease, by 174,000, in the number of employees aged between 16 and 24, at a record low of 3.52 million.