Striking platinum miners gather outside the Amplats mine in Rustenburg, South Africa on October 5, 2012. The world’s biggest platinum producer, Amplats has fired 12,000 workers after they held a wildcat strike for three weeks at its mine in South Africa’s eastern town of Rustenberg. “Approximately 12,000 striking employees chose not to make representations, nor attend the hearings, and have... 

Major US financial services corporation Bank of America plans to slash 16,000 jobs by the end of the year as part of an extensive cost-cutting measure to make the institution more profitable. Following the planned reduction in the Bank’s workforce, the multinational US company would no longer hold its current title as the American banking industry’s largest employer, the Wall Street Journal reported... 

Hewlett-Packard (HP) is planning to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a document Monday. In a regular filing with the U.S. Securities and Exchange Commission, the world’s largest personal computer maker said it expects to “eliminate approximately 29,000 positions in connection with the 2012 Plan through... 

Saudi Arabia is to build a new city exclusively for women. The Gulf kingdom is working on the narrow junction between strict Sharia law and the aspirations of active females who wish to pursue their own careers. ­The new plan is to combine women’s desire to work in the modern age and provide a job environment that would go hand-in-hand with the country’s Sharia law. The Saudi Industrial Property... 

Argentina’s parliament has introduced a new bill in order to impose a range of penal sanctions against those who exploit children for labor in the South American country, Press TV reports. Official statistics show that more than 450,000 children are forced to work in agriculture, mining and fishing activities and domestic service in Argentina. This is while the country’s national legislation prohibits... 

Jobless Greeks line up outside an unemployment bureau in Athens Unemployment rate in crisis-struck Greece hit an all-time high of 23.1 percent in May as the country struggles through a fifth year in recession, says the national statistics agency. New data, released by Elstat on Thursday, showed that 1.15 million people were out of work in Greece, compared with 3.82 million, who had jobs. The jobless... 

In the midst of the worst economic crisis since the Great Depression in which millions of Americans have lost jobs we can expect even more competition in the employment marketplace. According to AP sources and to RT, President Obama will speak today about a new administration policy that will grant immunity from deportation for some 800,000 immigrants who have entered the country illegally. The Obama... 

The federal government has unveiled an historic agreement with mining magnate Gina Rinehart to import overseas workers to fill jobs in her iron ore project in Western Australia. The enterprise migration agreement (EMA) will be first used at the mining magnate’s $6.5 billion Roy Hill project, allowing Hancock Prospecting to bring in 1700 migrant workers on a temporary basis. Union leaders today... 

A homeless man prepares to sleep on the floor of a sports center in Athens on January 30, 2012. A new report says around 13,000 Greek people are homeless in the capital Athens and the number of the poor in the recession-hit country is on the rise. The report by the charity organization, Praksis, which was published on Thursday says in the Greek capital of over four million, around 11,500 Greeks are... 

Jobseekers queue at a job center in Madrid The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show. The European Statistics Office, Eurostat, announced on Wednesday that almost 17.4 million men and women, over three million of whom were under 25, looked for work in the zone in March which is about 170-thousand more... 

A shattering report from RIA Novosti’s Washington D.C. bureau appears to prove that the mainstream press in America has become nothing more than a propaganda arm of the Obama regime when during a White House news briefing this past week they were effectively ordered not to report on this past weeks credit rating cut of US government debt. The Russian International News Agency (RIA Novosti) is a... 

European stock markets have dropped sharply, wiping out gains from the day before, amid fears that the eurozone debt crisis is resurfacing. European stock markets ended lower on Tuesday, with the Spanish stock market the worst hit, as the IBEX 35 index shed 2.7 percent, AFP reported. In Milan, FTSE MIB index also traded over two percent lower and Frankfurt’s DAX and Paris’ CAC 40 slumped 1.05... 

Official figures by the Eurostat data agency show the eurozone unemployment rate has hit an all-time high of 10.7 percent in January 2012. According to the latest figures released on Thursday, more than 16.9 million men and women were unemployed in the euro area in January. The latest number of unemployed people in the eurozone in January increased by 1.4 million compared with the same month in 2011. Meanwhile,... 

Today, Nokia announced that it’s going to cut 4,000 more jobs at its factories in Hungary, Mexico and Finland in an effort to improve the production efficiency of said plants. The company plans on moving a larger part of the production of its smartphones to Asia, which it says will help reduce the time it takes for its products to reach the market. As Nokia continues to suffer the effect of... 

Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain. Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency. Eurostat figures...