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Singapore – Minister says country must stay the course on labour market restructure

4 August 2014

Singapore must stay the course on its [labour market] restructuring journey, even though it may not be a painless or instant one, according to Lim Swee Say, a Cabinet Minister in the Prime Minister’s Office and Secretary-General of the National Trades Union Congress, reports The Straits Times.The...


Australia – Ashley Services Group announces IPO date

1 August 2014

Privately-owned training, recruitment, and labour hire company Ashley Services Group lodged its prospectus with the Australian Securities and Investment Commission today after raising AUD 98.5 million (USD 91.7 million) through brokers Evans & Partners and Canaccord Genuity, reports The Austr...


Singapore – New labour law risks tarnishing country’s business-friendly image

1 August 2014

From today, large and medium-sized companies looking to hire workers with a monthly salary below SGD 12,000 (USD 9,625) must advertise vacancies on a government-run job board that is only available to Singapore citizens and permanent residents, reports thestar.com.my.The job must stay open to loc...


Cambodia – Recruitment agencies operating without oversight

1 August 2014

An estimated 250,000 Cambodian migrant workers fled from Thailand as a result of the military junta’s crackdown on illegal labour. In order to facilitate their legal return, the Cambodian government announced that it had slashed the cost of emigration and would only charge workers USD 49 to retur...


Sri Lanka – Delmege awarded Carmart recruitment contract

1 August 2014

Delmege Forsyth & Co, a diversified Sri Lanka-based business, announced that it has signed an agreement to become the official headhunting partner for automotive distribution and repair company Carmart Ltd, reports the Daily News Sri Lanka.Delmege’s Service Cluster, which initially operated u...


Australia – Engineering job vacancies decline for 30 consecutive months

1 August 2014

Job vacancies for engineers in Australia have declined for 30 consecutive months, according to the latest figures from the Department of Employment (DoE), reports sourceable.net.The DoE’s July 2014 Vacancies Report indicates that engineering vacancies in June 2014 fell to 3,033, less than a...


Japan – Outsourcing Inc. reports growth following acquisitions

31 July 2014

Japanese staffing firm Outsourcing Inc. (2427: JP) reported revenue growth of +31% to JPY 27.1 billion (USD 264.7 million) for the six months ending 30 June 2014, up from JPY 21.4 billion (USD 209 million) last year.The company achieved an operating income of JPY 713 million (USD 7 million) for t...


Japan – Yume Technology reports growth but forecasts lower full-year net income

31 July 2014

Japanese outsourcing services company Yume Technology (2458: JP) reported revenue growth of +7.6% to JPY 2.8 billion (USD 27.3 million) during the nine months to 30 June 2014, up from JPY 2.6 billion (USD 25.4 million) a year ago.Operating profit for the period increased by +18.4% to JPY 241 mill...


South Africa – Employment Equity Act implementation criticised

31 July 2014

The official gazetting of the implementation date of the South African Employment Equity Act last week has been criticised by the Federation of African of Professional Staffing Organisations (APSO), as giving the business community insufficient time to implement any required changes.The amended a...


India – Skills shortages forcing firms to seek talent in other sectors

31 July 2014

A dearth of skilled professionals has resulted in increased cross-sector recruitment, with the trend becoming more significant than ever before, reports mydigitalfc.com.Moorthy K Uppaluri, CEO of Randstad India, commented: “Two significant shifts are seen in the hiring patterns in the staffing in...