
The global financial crisis could cost some 20 million jobs worldwide. According to International Labour Organisation (ILO), current calculations, worldwide unemployment could rise from 190 million last year to a level of 210 million by the end of 2009.Construction, automotive, tourism, finance, services and real estate would be among the sectors to be hit hardest by the current crisis. Actually trimming down of employees are already started last November.
In US, thousand of people are already on the job hunt but they are having difficulties landing a job since employers are very strict when it comes to hiring. They want to screen carefully and looking the best candidate suitable for the job.
In Middle East, thousand of Filipinos are already terminated because of the crisis. They were given just one month to stay after that they goes back home. I have talked to some Filipinos and Expats and they said that situation right now is very hard.
But if you're going to look at the classified ads, and the internet, there are thousand of jobs advertised available but no one is getting calls for interview. - hhhmmm strange....

1 comments:
I hope government in this countries should do something to control companies trimming down employees. Because this is another downfall for a country. People might migrate to another country that has opportunities.
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