Daily HR News 24.11.2024
1. Bosch to cut working hours and salaries for 10,000 employees
Bosch will reduce working hours and salaries for 10,000 German employees, cutting weekly hours to 35 and salaries by 12.5% starting March 2024. Additionally, 5,500 global jobs, including 3,800 in Germany, will be eliminated due to declining automotive demand. This strategy aims to address industry challenges, including market shifts and supply chain disruptions.
2. No lavish weddings, no parental handouts: Henan retail giant stirs debate with bold new employee rules
Henan-based retail giant Da Zhong is making headlines with its stringent new employee policies aimed at fostering self-reliance among its staff. These rules prohibit accepting financial assistance from parents, ban extravagant weddings, and emphasize humility. While some have lauded the move for encouraging independence, others criticize it for overstepping personal boundaries. The guidelines have sparked widespread debate in China.
3. Experience how it feels to be a welder with HR Ministry’s booth at the Madani govt anniversary
At the Two Years of MADANI Government Programme (2TM) in Kuala Lumpur, the Ministry of Human Resources' booth featured a welding simulator, offering hands-on insight into the profession. The initiative aimed to boost public awareness of welding and promote TVET careers. Other activities included AR, 3D printing demonstrations, and opportunities for skill development and reskilling through KESUMA programs.
4. HCM City faces labour exodus as workers move out
Ho Chi Minh City faces a labor exodus as workers leave for rural areas due to high living costs, stagnant wages, and reduced job opportunities post-pandemic. The city's industrial parks and export zones are struggling with workforce shortages. Authorities aim to address this through reskilling programs, boosting high-tech industries, and transitioning to a green, digital economy.