Singapore will gradually raise its retirement age by three years to 65, Prime Minister Lee Hsien Loong said on Sunday (Aug 18). The retirement age will rise to 63 in 2022 from the current retirement age of 62 and to 65 by 2030, Reuters reports. Singapore, which has the longest life expectancy at birth in […]
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REUTERS – Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($8.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares. Germany’s largest lender said on Sunday it will scrap its […]
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Robots are taking over human’s roles in manufacturing industry, risking up to 20 million jobs lost by the next decade. This is the finding of recent study by Oxford Economics, a UK-based research firm. According to the report, the displacement of jobs by robots will not be evenly spread around the world, or within countries. […]
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BLOOMBERG – The conventional wisdom used to be that businesses in nations with low wages and growing labor pools would have less of an incentive to invest in robots and artificial-intelligence-enabled computer systems. No longer. Two-thirds of jobs in the developing world are at risk from new technologies, according to a World Bank report from […]
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Malaysia could use genuine refugees to support the country’s economy by giving them opportunity to work lawfully, the UNHCR suggested. According to UNHCR Spokesperson in Kuala Lumpur, Yante Ismail, 2015 report of Malaysia Economic Monitor published by the World Bank found that legalising refugee workers would lead to the creation of more jobs in Malaysia, […]
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As an effort to keep up with high pace of orders during peak season, Amazon India has come up with a new and efficient delivery network system. The online retail giant is planning to offer part-time jobs for students, individual homemakers, as well as retired professionals. Called as Amazon Flex, the company expects to create […]
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Singaporean employers remain optimistic in their hiring plans for the third quarter of this year, new research shows. Fifteen percent of employers intend to increase their staffing levels, while 3 per cent anticipate a decrease, and 77 percent forecast no change to their payrolls, according to a survey released by recruitment company ManpowerGroup Employment today. […]
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Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars. The move, brokered with VW’s powerful unions, includes job guarantees […]
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Diageo announces that it is beginning a global roll-out of an ambitious new family leave policy applicable to employees across its business, as part of its leading work to create a fully inclusive and diverse workforce. The business hopes the policy will support employees to focus on the joy of raising a young family, while […]
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Rapid digital disrupttion across sector and industry has changed the way people do business, including in Singapore. To stay ahead of the competition, talents are required to upskill themselves with crucial knowledge and skills needed in the digital age. While most people believe that digital savviness is the most important skill everyone should master, however, […]
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