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China – Recruit Holdings joins venture capital fund to invest in start-ups

6 November 2014

Japanese staffing giant Recruit Holdings (6098: JP) has teamed up with Tokya-based venture capital fund Infinity Venture Partners to invest in promising start-ups in China, reports Nikkei Report

Infinity has experience investing in online companies, both domestically and in China. It recently drummed...

Asia – APSCo appoints Managing Director of regional operations

6 November 2014

The Association of Professional Staffing Companies (APSCo) today announced the appointment of Gaulbert Pereira to the position of Managing Director of APSCo Asia, in a move which will further strengthen the trade association’s offering in the region.

Mr Pereira has held a number of senior positions...

World – Monster reports sharp drop in income during Q3

5 November 2014

Global job board Monster Worldwide Inc. (MWW: NYSE) yesterday reported revenue of USD 191.1 million for the third quarter ending 30 September 2014, a decrease of -2.8% compared with USD 196.8 million last year.

Operating income for the period fell sharply by -76.6% to USD 3.3 million, down from USD 14.3...

China – Industrial action doubles in a year

5 November 2014

The number of strikes in China during the first three quarters of 2014 increased by +101% compared to the same period last year, according to the China Labour Bulletin (CLB), the first free trade union in China, founded during the riots in Tiananmen Square and now based in Hong Kong, reports...

Singapore – Increase in foreign workers using false credentials to get work passes

5 November 2014

Singapore’s Ministry of Manpower (MOM) prosecuted an estimated 150 foreign workers between 2012 and the first half of this year for providing false credentials, according to Manpower Minister Tan Chuan-Jin, reports The Straits Times

All were jailed, had their work passes revoked, and were barred...

New Zealand – Employment growth outpaces strongest population growth in a decade

5 November 2014

Rising employment is more than keeping pace with New Zealand’s growing population, with unemployment falling to 5.4%, according to Statistics New Zealand, reports business.scoop.co.nz

Diane Ramsay, Manager of Labour Market and Household Statistics at Statistics New Zealand, commented: “Due...

Japan – JTec Corp reports operating loss during H1

4 November 2014

JTec Corp. (2479: JP), the Japanese staffing firm, reported revenue for six months ending 30 September 2014 of JPY 1.6 billion (USD 14.1 million), a decrease of -1.6% from JPY 1.7 billion (USD 15 million) during the same period last year.

The company incurred greater costs of JPY 1.3 billion (USD 11.5...

Australia – Freelancer announces acquisition and appointment

4 November 2014

Australia-based global freelance platform Freelancer Ltd (FLN: ASX) yesterday announced that it has acquired the assets of Sydstart, which bills itself as the largest technology start-up conference and community in Australia.

Financial details of the acquisition were not released.

Sydstart was founded...

India – LinkedIn to introduce more “local flavour” to its website

4 November 2014

Viewing India as one of its key markets, professional networking website LinkedIn is looking at bringing out features specific for the users in the country, according to the Business Standard

The US-based company, which has over 8% of its 332 million global users based in India, its second biggest...

Australia – Contract roles dominating IT sector recruitment

4 November 2014

Contract roles have continued to dominate the IT hiring sector in the past quarter with demand strongest for cloud and digital talent, according to the latest Peoplebank ICT Salary & Employment Index, reports The Australian

Digital transformation, expansion, and upgrade projects have been the...