Jinan Qutub Employment News

Jinan Qutub Employment News

Posted in the Parsippany Forum


Stamford, CT

#1 May 12, 2011
A US labour expert was cross-examined at the Competition Tribunal hearing in Pretoria on Thursday about giant retailer Walmart's bid to acquire a controlling stake in Massmart.

Jacobs said several academic studies in the US had found Walmart's expansion into a country led to a small expansion in retail employment.

"New Walmart jobs displaced existing jobs, rather than increased total employment," he said of the research.

According to his affidavit Walmart workers in the US earn an estimated 12.4 percent less than retail workers as a whole, and 14.5 percent less than workers in large retail in general.

"Two studies found that Walmart's entry into a metropolitan area reduces both average and aggregate retail earnings. This happens both through the substitution of lower paying Walmart jobs for higher paying retail jobs, and a competitive effect of other retailers reducing wages in order to compete with Walmart."

According to a statement from Massmart on Thursday, Gauntlett's cross-examination of Jacobs explored the thoroughness of his research and veracity of his sources.

"This identified various inaccuracies and overstatements that resulted in numerous concessions and retractions," Massmart said.

The cross-examination also explored some conditions proposed by Jacobs that could, in his view, alleviate the concerns of the trade unions about job security, employment conditions, and job creation, according to Massmart.

The Competition Commission has recommended the transaction go through with no conditions.

The Anti-Walmart Coalition -- consisting of various trade unions, including Saccawu, the SA Clothing and Textile Workers' Union, labour federation Cosatu and civil society organisations -- opposes the deal because of the negative consequences it sees for Massmart workers, the wholesale and retail sector and its supply chains.

In January, shareholders voted to accept Walmart's bid to acquire 51 percent of Massmart for R148 a share in a deal worth around R17 billion.

The Massmart group includes Game, Dion Wired, Makro, Builders Warehouse and Masscash.

Walmart operates around the world, including Canada, Brazil, China, Chile, Japan and Mexico. It wants to buy the stake in Massmart to get a stake in emerging African markets.

Stamford, CT

#2 May 20, 2011
Payrolls grew in 42 U.S. states, while the unemployment rate fell in 39, indicating broad-based strengthening in the labor market.

New York led the nation with a 45,700 increase in employment, followed by Texas with 32,900 more jobs. Joblessness decreased most in Nevada, even as it remained the state with the highest rate in the country at 12.5 percent, figures from the Labor Department showed today in Washington.

The report signals the 244,000 workers added in April, as shown in the governmentÂ’s May 6 report, were dispersed throughout the country. The data also suggest the unexpected increase in the unemployment rat

Stamford, CT

#3 May 20, 2011
Regional and state unemployment rates were generally little changed or slightly lower in April. Thirty-nine states recorded unemployment rate decreases, three states and the District of Columbia registered rate increases, and eight states had no rate change, the U.S. Bureau of Labor Statistics reported today. Forty-six states and the District of Columbia posted unemployment rate decreases from a year earlier, three states reported increases, and one state had no change. The national jobless rate edged up by 0.2 percentage point between March and April to 9.0 percent, but was 0.8 point lower than a year earlier.

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