
With recession looming across the world, expect a lot of people without a job starting this month. This prediction was expected as early as the third quarter of last year and it seems that many people are slowly feeling this pinch of surviving the worst economic crisis to hit the world since ages.
There have been bailouts given. Loans with affordable interest rates with their business stake as collateral have been granted. But the thing is, are they enough?
Majority of the employees hit are the overseas workers. Thousands have been laid off in the United States, Saudi Arabia and Taiwan. A lot of them are Filipinos. Many came home last December, their last trip for now since they are formally out of a job.
There are countries that declared job openings. Among them include Qatar, Canada and the United Kingdom. But so far, nothing definite has been reported with regards to their actual needs.
Folks, the crisis is for real. If you have a job, do all means to keep it. For the unemployed, all you can do for now is keep on looking. That is the best thing you can do for now, regardless if you have a diploma or not.
Technorati Tags: business_stake, economic_crisis, filipinos, saudi_arabia, job_openings, recession, diploma, collateral, interest_rates, qatar, loans, taiwan, united_kingdom, canada, united_states

In the business management sector, if you are not familiar with the various labor code laws, you may find yourself incurring more costs that avoiding them. These costs come in the form of lawsuits and penalties enforced by governing local labor unions if businesses are not careful.
This issue on forced leaves in Taiwan, a practice to which local companies put workers on forced unpaid leave for one or more days a week, is something that would befuddle us. Normally, you would think that if this were done in other countries, labor reps are bound to rush in and protect the employees from unfair labor practices. But apparently, this is non-existent in Taiwan, the latest victim of the recession biting phenomena that has put most companies in the spot of retaining workers or forcefully laying off excess workers.
“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,” said Darryl Green, president of Asia Pacific for human resources firm Manpower Inc.
“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.”
Is this ethical? For contractual workers, there seems to be lesser options. But as far as regular employees, it is doubtful if these practices by companies can be done or gotten away with.

Don’t look now but even Japan-based car manufacturer is considering job cuts in thousands to remain competitive. With sales significantly declining for Mitsubishi Motors, the best they can do is follow the footsteps of big three car manufacturers in the U.S. in slashing jobs for workers to remain existent.
Is this permanent? As far as the car manufacturers are concerned, it can be tagged as temporary. But a lot of it would rely on how the economic outlook would fluctuate. It is no secret that these companies are not resorting to such job cuts because they want to. The recession factor is sinking in fast and unless something vital or positive hits the world economies today, a lot of workers will have no choice but to hope and pray for the best.
Mitsubishi Motors Corp. said Thursday it would cut 1,100 jobs, laying off one third of its temporary workers in Japan, as it reduces production to cope with sagging sales.
Technorati Tags: mitsubishi_motors_corp, world_economies, car_manufacturer, economic_outlook, recession, slashing_jobs, mitsubishi, japan, job_cuts
Speed Limits Implemented by World Crisis in 2009
Nov.13, 2008 in Business Administration, Jobs and Careers, Career
So the CEOs and the big names in the business world have spoken just recently in the Philippines. 2009 will highlight a lot of slow down in the economy and not recession according to them. Isn’t that practically the same? On the lighter side NO if you want to feel better about it. But actually, it is going to affect the people without jobs more rather than the ones who have work right now.
Apparently business will be tightening their belts. That is a given. So if you are in a job and get cut, it only means you are performing below par. But as far as new recruits are concerned, expect a turnstile campaign as far as getting new manpower resources. So this may sound like bad news for the new graduates of 2009 as far as the business world is concerned.
As far as business operation is concerned, expect a lot of the budgets investing on marketing schemes like advertising and promotions. They need clients to survive. Availing of products and services faces its extreme test and to get your product known in the world, you just have to invest more towards building brand and corporate identity.
Career-wise, don’t expect fat bonuses and easy picking as far as you current job is concerned. You are bound to find yourself working harder than ever and lesser rewarded at least until this crisis is in the air. Companies will try their best not to close shop but if the tide worsens, there is no doubt that recession is the next stage of this Cancer called global crisis.
Technorati Tags: manpower_resources, extreme_test, career_wise, global_crisis, business_operation, new_recruits, no_doubt, business_world, corporate_identity, recession, ceos, bad_news, belts, budgets, graduates, promotions, cancer, economy
JP Morgan Chases to Open More Jobs in Asia
Nov.04, 2008 in Jobs and Careers, Career, Business News, Financing
Here is some piece of good news to the jobless people in the Philippines and India. While most of us fearing recession are praying for a rebound in the world crisis today, JP Morgan Chase has announced that it may be increasing job openings for its call center staff to service credit card clients in the US.
While we all know that nothing is definite at this time, JP Morgan Chase is apparently looking towards the future. It is a fact that this crisis we find ourselves will end somewhere and when that happens, they want to be at the forefront of it all.
For job seekers, you may as well check out the job openings by JP Morgan Chase in your local areas. Perhaps things will continue to look up sooner that we think.
JPMorgan may increase staff in India and the Philippines in coming years because they serve as “major international hubs for outsourcing of support functions,” JP Morgan CEO Jamie Dimon told Bloomberg.
Technorati Tags: jp_morgan_chase, jamie_dimon, international_hubs, job_seekers, jp_morgan, world_crisis, support_functions, job_openings, recession, call_center, philippines, service_credit_card


