Three labour hire providers in Australia receive fines for operating without licences

Labour Hire Licensing Queensland has fined three companies for operating labour hire services without licences.

In the first two instances, North Farming Pty. Ltd. and Ranjit Singh as trustee for the Farming First Trust were fined AUD 300,000 (USD 192,504) and AUD 60,000 (USD 38,500) respectively after...

Tech Mahindra divests stake in South African business

IT services giant Tech Mahindra Ltd. (TECHM:NSI) agreed to divest its 33% shareholding in Tech Mahindra South Africa (Pty.) Ltd.

The divestiture is slated for completion on or before 31 October.

Tech Mahindra South Africa had turnover of ZAR 435.8 million (USD 23.0 million) in its fiscal year ended 31...

Record high employment and labour force participation, according to latest OECD report

Employment and labour force participation rates reached record highs in the second quarter of this year in the 38 countries tracked by the Organisation for Economic Co-operation and Development, according to data released on 12 October.

The employment rate in the OECD rose to 70.1% in the second quarter,...

Infosys revenue up 2.5% in fiscal Q2, but firm trims revenue forecast for full year

IT services giant Infosys Ltd. (NYSE: INFY) reported yesterday revenue rose 2.5% year over year in constant currency in its fiscal second quarter ended 30 September, meeting analysts’ estimate. However, the IT services giant pulled back on revenue forecast for the full fiscal year.

The company now forecasts...

Pasona Group Q1 revenue slips 2.4% amid sharp falls in outsourcing and expert services

Pasona Group Inc. (2168:TYO), a Tokyo-based staffing firm, reported revenue fell by 2.4% year over year in its fiscal first quarter ended 31 August 2023.

TCS revenue rises 2.8% in fiscal Q2; growth below analysts’ estimates

Revenue at Indian IT services giant Tata Consultancy Services Inc. rose 7.9%, or 2.8% year over year in constant currency, in its fiscal second quarter ended 30 September, the group reported on Wednesday. However, Reuters reported analysts had estimated growth of 8.9%.

In comparison, first-quarter...

South Korea’s temporary workers down 0.6% in September, unemployment rate improves to 2.6%

The number of temporary workers in South Korea decreased by 0.6% year over year to approximately 4.74 million in September 2023, according to data released by Statistics Korea.

When compared to the previous month, the number of temporary workers fell by 0.3% in September 2023. The temporary employment...

Info Edge invests in US-based Ray IOT Solutions

Indian staffing firm Info Edge, through its subsidiary Redstart Labs, agreed to invest USD 400,000 in Ray IOT Solutions Inc., a US-based firm that develops a non-contact breathing and sleep tracker for babies. 

Founded in 2019, Ray IOT is engaged in the healthcare sector. Its tracker, Raybaby, analyses...

Australian job agency under fire over ‘employability’ course that advises on washing and bathing (The Guardian)

A taxpayer-funded course run by one of Australia’s biggest employment service providers gives jobseekers instructions on how to shower properly and asks them in a questionnaire if one of the reasons they are unemployed is because they are ‘overweight’ or ‘lazy’, reports The Guardian. Wise Employment...

Hito Communications full year revenue down 0.2% with profits trending downward

Japanese human resources provider Hito Communications (4433: JP) reported revenue for the full year ending 31 August 2022 of JPY 64.13 billion (USD 429.0 million), a decrease of 23.9% compared to the same period last year.