Recently jobless Greeks line up to receive their unemployment benefit at an unemployment bureau in Athens
The global employment situation is alarming, according to a new United Nations report released on April 30, which also warns that recovery is not expected any time soon.
The World of Work Report 2012: Better Jobs for a Better Economy – published by the UN International Labour Organization (ILO) – says that about 50 million jobs are still missing compared to the situation that existed before the global economic crisis.
The report, quoted by the UN News Centre, also warns that the global jobs crisis is likely to get worse due to several factors, including the fact that many governments, especially in advanced economies, have shifted their priority to a combination of fiscal austerity and tough labour market reforms.
Such measures are having "devastating" consequences on labour markets in general and job creation in particular, ILO said in a media statement.
"The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe," said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.
"Countries that have chosen job-centred macroeconomic policies have achieved better economic and social outcomes," Torres said.
"Many of them have also become more competitive and have weathered the crisis better than those that followed the austerity path. We can look carefully at the experience of those countries and draw lessons."
Another factor leading to a worsening jobs crisis is that many jobseekers in advanced economies are demoralized and are losing skills, something which is affecting their chances of finding a new job. In addition, small companies have limited access to credit, which in turn is depressing investment and preventing employment creation.
"In these countries, especially in Europe, job recovery is not expected before the end of 2016 – unless there is a dramatic shift in policy direction," according to ILO.
Other factors include the fact that, in most advanced economies, many of the new jobs are precarious and there exists the possibility of increased social unrest in many parts of the world.
According to the report’s Social Unrest Index, 57 out of 106 countries with available information showed a risk of increased social unrest in 2011 compared to 2010. The regions with the largest increases are sub-Saharan Africa and the Middle East and North Africa.
The report argues that if a job-friendly policy-mix of taxation and increased expenditure in public investment and social benefits is put in place, approximately two million jobs could be created over the next year in advanced economies.
Among the other findings of the report is that employment rates have only increased in six of the 36 advanced economies since 2007 – Austria, Germany, Israel, Luxembourg, Malta and Poland – and that youth unemployment rates have increased in about 80 per cent of advanced countries and two-thirds of developing countries.
It will take time for societal views to evolve in Central Europe; I believe they are evolving, but faster would be better.
Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus.
Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.
Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years.
Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.
Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010.
Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.
Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella.
Kalfayan has a master's degree in industrial management from the Technical University in Sofia.
Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998.
Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.
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