Germany, known as Europe’s industrial powerhouse, is grappling with a severe labor shortage, with approximately two million jobs left unfilled across various sectors. In response to this pressing crisis, numerous companies are adopting a seemingly unconventional approach: implementing a four-day workweek. In early February, 31 German companies initiated a pilot program for the shortened workweek,…
Japanese researchers from Tokyo City University, led by Professor Naruhiko Shiratori, have developed an AI tool aimed at predicting and preventing employee turnover in companies. This innovative tool, based on extensive data analysis including attendance records and personal information, assists in identifying employees at risk of leaving. By leveraging objective data, the AI can suggest…
This year’s spring wage negotiations in Japan have brought significant pay increases, hitting a 33-year high with an average hike of 5.28%. This surge is fueled by robust corporate earnings and labor shortages. The Japanese Trade Union Confederation aimed for a 5.85% raise, but the achieved 5.28% surpasses last year’s figures, marking a notable improvement….
Amidst a shifting landscape in the electric vehicle (EV) charging realm, BP is recalibrating its strategy, trimming its workforce by over 10% and pulling back from select markets. CEO Murray Auchincloss spearheads this effort to streamline operations and prioritize profitability amid skepticism from investors regarding BP’s transition away from traditional oil and gas. The overhaul…
Google, a tech giant, has announced a significant restructuring plan, potentially leading to layoffs, as the company navigates a rapidly changing technological landscape. Chief Financial Officer Ruth Porat acknowledged the profound impact of artificial intelligence (AI) and emphasized Google’s commitment to innovation amidst these challenges. The move reflects the company’s strategy to create more efficient…
Toshiba Corporation is set to slash 5,000 jobs, about 10% of its Japanese workforce, signaling a significant departure from Japan’s traditional aversion to layoffs. This move aligns with a broader trend among major Japanese firms like Shiseido, Omron, and Konica Minolta, all announcing recent job cuts amid a shifting economic landscape. Facing chronic labor shortages…
Home Depot confirmed a recent data breach after a vendor mistakenly exposed some employee data during system testing. A third-party Software-as-a-Service vendor inadvertently made public names, work emails, and User IDs of a small sample of Home Depot associates. Though the exact number affected wasn’t disclosed, it’s estimated around 10,000 employees were impacted. The breach…