According to the latest figures from the German Statistical Office and Eurostat, youth unemployment across Europe has increased by a staggering 25 percent in the course of the past two and a half years: here.
Italy’s largest union is gearing up for a general strike against Prime Minister Silvio Berlusconi’s “socially unjust” austerity drive: here.
A look at the social situation in Greece reveals the thoroughly inhuman character of the austerity measures demanded by the banks, EU and IMF: here.
US Postal Service plans to cut 220,000 jobs: here.
US postal unions pledged to defend their 630,000 members on Thursday after the US Postal Service (USPS) revealed plans to lay off 120,000 employees in breach of labour contracts: here.
USA: Central Falls, Rhode Island, declared bankruptcy earlier this month. The impoverished city is devastated by a lack of basic services and a decaying social infrastructure: here.
The international financial turmoil, together with the prospects of recession in the US and Europe, has prompted a nervous response in Indian business circles and demands for further restructuring: here.
Indian bank workers strike: here.