Tough market: 20,000 applicants for only 400 jobs — at Ikea...
Posted in the Banking Forum
#1 Dec 6, 2013
Like many countries around the world, Spain has been hit hard by recessionary conditions in recent years, and its unemployment rate currently stands above 25 percent, more than three times that of the United States.
That means when job opportunities come up in the European nation, people who want positions scramble to secure them. But what happened this week at an Ikea store near Valencia should make clear how serious the situation is there. According to an NPR report, the Swedish seller of home furnishings began taking applications on Monday for a new location that's set to open next year. While 400 jobs are going to be filled, so many people applied that Ikea's servers, unable to handle the volume, crashed. In just two days, about 20,000 job seekers had made a bid for the openings. That's 50 applicants per job opening.
The point: America needs to watch out - It can happen here as well!! No more spending, spending and spending!
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