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COVID-19-joblessness

The virus sent millions of European workers home. Some forever
World 5 years ago

The virus sent millions of European workers home. Some forever

The virus has reversed a chunk of the migrant flows almost overnight: eastern countries now have an abundance of workers. The question is whether they’ll stay.
Indian train kills 14 workers laid-off in coronavirus lockdown
World 5 years ago

Indian train kills 14 workers laid-off in coronavirus lockdown

An Indian train killed 14 migrant workers who had fallen asleep on the track on Friday while they were heading back to their home village after losing their jobs in a coronavirus lockdown, police said.
Grim economic data reveals virus devastation
World 5 years ago

Grim economic data reveals virus devastation

A new raft of bleak economic data laid bare the crippling worldwide impact of the coronavirus pandemic on Thursday, as hard-hit Europe moved to further ease lockdown measures in a bid to get people back to work.
US jobless claims begin decline, but still high at 3.2 million
World 5 years ago

US jobless claims begin decline, but still high at 3.2 million

Unemployed US workers filed 3.2 million new claims for jobless benefits last week as the coronavirus pandemic continued to ravage the world's largest economy, but there is evidence the tsunami of layoffs is ebbing.
Airbnb slashes staff in effort to ride out pandemic
Business 5 years ago

Airbnb slashes staff in effort to ride out pandemic

Home-sharing platform Airbnb said Tuesday it will slash one fourth of its workforce -- some 1,900 people -- as the coronavirus pandemic crushes the travel industry.
Spain adds 280,000 jobless during April lockdown
World 5 years ago

Spain adds 280,000 jobless during April lockdown

Spain's jobless figure rose by more than 282,000 in April, largely due to the collapse of tourism during the coronavirus lockdown, labor ministry figures showed on Tuesday. 
Foreign workers feel the pain of 'corona job cuts' in Japan
World 5 years ago

Foreign workers feel the pain of 'corona job cuts' in Japan

The coronavirus pandemic has hit Japan's economy hard and many factories, including those of carmakers, are scaling back production.Foreign workers are particularly vulnerable, with a weaker support network and language barriers that prevent them from seeking government help.
Europe hits 40 million workers on virus furlough programs
Business 5 years ago

Europe hits 40 million workers on virus furlough programs

More than 40 million workers have been furloughed during the shutdowns, based on data from the region’s biggest economies, getting a portion of their pay covered by the state. 
General Electric to cut 10,000 aviation jobs
Business 5 years ago

General Electric to cut 10,000 aviation jobs

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders.
Trump aides say business-loan plan working, 'pause' comes next
Business 5 years ago

Trump aides say business-loan plan working, 'pause' comes next

The Trump administration on Sunday termed the second phase of an emergency job-saving program a success, with more than $175 billion in loans already issued to smaller companies and more likely after a "pause."
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