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Tag: European Union

Heads shaking over cap

The recent implementation of a cap on bonuses paid out to bankers based in the European Union (EU) is expected to reshape - from a talent perspective - the banking sector in Asia, writes Raymond Ma. ...

French workers, firms to pay more in pension reform

French president Hollande’s proposed reform – aimed at closing a looming US$27-billion pensions deficit – is under close scrutiny from markets and EU partners, as business chiefs say reform will increase tax burden. Reforms extend payment period from 41.5 years to 43 years by 2035, but leave untouched the legal retirement age of 62 ...

Greece okays bill slashing thousands of jobs

Tied to the Greece’s next tranche of EU-IMF loans, sweeping bill of reforms is narrowly approved by parliament, paving the way for the redeployment of 25,000 civil servants and the termination of another 4,000 by the end of the year ...

EU discusses ways to tackle youth unemployment

EU leaders commit to take concrete steps to get young people into jobs or training. ...

EU kicks off jobs summit after budget compromise

EU leaders kicked off a two-day summit on Thursday tackling the jobs crisis hours after compromise between governments on the EU’s trillion-euro budget. ...

Germany backs Euro labour market to spur jobs

German labour minister will push measures to create a Europe-wide labour market that increase job mobility and tackle unemployment. ...

EU youth: over-qualified, poorly paid or jobless

It is not only unemployment but also underemployment – including workers who are overqualified, interns who are unpaid or low-paid, and part-time employees who want full-time work – that has reached critical levels in many EU countries, and could leave a permanent financial and psychological mark on a generation. ...

Italy adopts crisis measures on youth jobs

A package of about US$1.95b of European and national funds is being released to finance action to get 200,000 young Italians into work amid a staggering 40pc jobless rate among the country’s youth ...