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Disclaimer
Links on
these pages to commercial sites do not represent endorsement by
the University of California or its affiliates.
The opinions
expressed on this Weblog are the responsibility of the contributing
authors and do not reflect the opinion of the Institute of Industrial
Relations, The University of California, or the Regents of the
University of California
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Institute
of Industrial Relations Library
Labor and Employment Weblog
University of California, Berkeley |
Updated
3/1/2004; 1:55:16 PM
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Wednesday, February 04, 2004 |
Outsourcing to create more jobs in US: The movement of IT and related jobs from the US to offshore locations such as India is for real. But there is another facet to it. For every two jobs offshored or moved outside the US, 22 new jobs will be created in the US, according to an economist from McKinsey Global Institute.
[Deccan Herald: Business]
3:58:23 PM 
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Honda workers seek record bonus. TOKYO — The labor union of Honda Motor Co will demand a record-high annual bonus equivalent to 6.6 months salary during this year's spring wage negotiations, union members said Wednesday. The bonus request will formally be submitted Feb 18, the members said. (Kyodo News)
[Japan Today: Business]
11:49:16 AM
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UK backs India outsourcing. The United Kingdom will not put up barriers to protect British firms against tough competition from India. British minister for energy and e-commerce, Stephen Timms said that Indian firms would boost the competitiveness of British industry. He was speaking to delegates at an international Information Technology (IT) conference in India's financial centre, Bombay (Mumbai). [BBC News | South Asia | World Edition]
11:47:20 AM
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Financial environment in Arab world at new lows Unemployment averages 15 per cent - higher among the young - and potential foreign investors are scared off by Middle East's turmoil and bureaucracy. Real income for most Arabs has shrunk, and the generous welfare benefits that oil states adopted to maintain stability can no longer keep pace with burgeoning populations. [Khaleej Times: Business]
11:24:25 AM
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Parmalat's Brazil Connection. One of the countries hardest hit by the Parmalat scandal is Brazil, where Parmalat was a large employer and major buyer of local milk. Investigators are now looking into whether Brazil-based subsidiaries may have laundered money for the Italian dairy firm. [European News from World Press Review]
11:23:22 AM
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US demand for services at record. Demand for service industries, such as hotels, travel agents and restaurants,surged to record levels in January, an industry report showed. in the US hit a record in January, giving further evidence of recovery in the world's largest economy. The Institute for Supply Management's index climbed to 65.7, the highest level since it started in July, 1997. [BBC News | News Front Page | World Edition]
11:16:25 AM
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Italy faces fines over teachers. The European Commission is calling for Italy to pay record fines over its discrimination of foreign language lecturers at Italian Universities. The European Commission is calling for a daily fine of 309,750 euros (£200,000) because Italian foreign language teachers are better paid than lecturers from other EU countries who work in Italy. [BBC News | News Front Page | World Edition]
11:15:03 AM
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Copyright
2004
Janice Kimball
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