Citing global economic instability UN predicts 5 million more jobless this year

23 January 2008The United Nations labour agency predicts that economic turbulence resulting from credit market turmoil and rising oil prices could lead to another 5 million people becoming unemployed this year. That is just one of the key findings the International Labour Office (ILO) released today in its annual Global Employment Trends report, which analyses the impact of factors – ranging from population and economic growth to financial crises – on labour markets.The report notes that the decrease in growth in developed economies owing to the credit market crisis and higher oil prices had so far been “compensated for in the rest of the world,” especially in Asia, which has witnessed strong economic and job growth.However, an expected slowdown in growth during 2008 could increase the global unemployment rate to 6.1 per cent, resulting in an increase of at least 5 million unemployed worldwide, the report warns.The forecast for this year differs from 2007, considered by ILO to be a “watershed year” in that it saw a stabilization of global labour markets with more people in work, some 45 million new jobs and only a small increase in the number of those unemployed, to a total of nearly 190 million worldwide. “This year’s global jobs picture is one of contrasts and uncertainty,” said ILO Director-General Juan Somavia. “While global growth is annually producing millions of new jobs, unemployment remains unacceptably high and may go to levels not seen before this year.”He added that although more people are currently employed than ever before, more jobs does not necessarily mean decent jobs. “Too many people, if not unemployed, remain among the ranks of the working poor, the vulnerable or the discouraged.”According to the ILO, an estimated 487 million workers – or 16.4 per cent of the total – still do not earn enough to surpass the $1 a day poverty line, and 1.3 billion workers (or 43.5 per cent) still live below $2 a day.“What is apparent is that economic progress doesn’t automatically translate into new and decent jobs,” said Mr. Somavia, emphasizing that “labour market policies must be at the centre of macroeconomic policies to ensure that economic growth is inclusive and that development involves good, decent work.”Decent work, as defined by the ILO, provides for opportunity and income; rights, voice and recognition; family stability; personal development; and fairness and gender equality. read more

Nissans Zero Emission Centre of Excellence to be based in the UK

Nissan recently signed a memorandum of understanding with Gateshead College, North East England, to develop a Zero Emission Centre of Excellence (ZECE). At the heart of this new agreement will be the creation of industry-leading electric vehicle technology, jobs and apprenticeships, while further establishing the UK as a global leader in low carbon technology.Nissan already has a longstanding relationship with Gateshead College for the training and development of staff at its Sunderland plant and established the Gateshead College Skills Academy for Sustainable Manufacturing and Innovation.The new centre will provide the manufacturing base for Nissan’s cutting edge quick charger technology, which allows ChadMo compliant electric vehicles to charge to 80% in just 30 minutes. ZECE will also focus on renewable energy storage and exploring opportunities for employing used lithium-ion batteries from Nissan electric vehicles.Etienne Henry, Vice President Product Strategy and Planning, and Head of Nissan’s Zero Emission Business Unit in Europe, said, “This  project will help Nissan to investigate the unique opportunities that our electric vehicle business brings as regards to charging infrastructure and battery second life.“With production of the Nissan LEAF coming to Sunderland in early 2013, the North East will become the epicentre of electric vehicle expertise in Europe.”Richard Thorold, Principal, Gateshead College, said, “This exciting new development will build upon recent investments by Nissan, the North East of England, the UK government and the College, and takes us forward as a centre at the forefront of international automotive and low carbon technology.”Click through to discover more about UK automotive and sustainability.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more