Taiwan: the highest Unemployment Rate in the past 4 years
Taiwan Statistics Sector released an unemployment report on 22nd, affected by the massive layoffs of the companies, in November the number of the unemployed people from Taiwan companies has reached to 36 thousand, hitting a new higher record.
Wenzhou Enterprises promised not to cut payment and layoffs collectively
The president of the Wenzhou Angulon Group Chen Yongmei, 74-year-old, headed out again. Because of his advanced age and early gastric cancer, he relegated behind the “second-line”, then gave the company to 5 professional managers to manage. Recently in front of the financial crisis, he chose to come back.
U.S. Federal Deposit Insurance Corporation will provide security for bank debt
As part of the U.S. governmen’s financial rescue measures, the Federal Deposit Insurance Corporation will provide up to 1.4 thousand billion U.S. dollars of bank debt of security with a period of more than three years. U.S. Federal Deposit Insurance Corporation Board of Directors approved this plan on the 21st, which aims to break the situation of inter-bank lending activity into standstill.
General Motors said it would consider some of the directors filing for bankruptcy
According to Japan’s Kyodo News quoting “The Wall Street Journal” report that the operation into a crisis so in the nation’s largest car manufacturer General Motors (GM), part of the directors said it would consider all options including the United States federal bankruptcy law in accordance with Article 11 of the bankruptcy. To consider this may be due to the uncertainty that the general expected the U.S. government financial assistance.
Bush signed a bill to extend the duration of unemployment benefits
As a rule, the United States be eligible for the unemployed for a period of 26 weeks, 300 U.S. dollars per capita per week as unemployment benefits. The new bill for unemployeds who have expired or are about to expired continue to provide 7 weeks of unemployment benefits. The unemployment rate is more than 6% in the state, which extended unemployment benefits for 13 weeks.
Germany put out 50 billion to help the unemployment, and made a relief tax plan for ordinary people.
On November 3, the German car workers seized the empty wallet in the strike flag. German trade unions hope to increase salaries by 8%, but the current pay increase rate is only 2.9%.
Financial crisis will caused 17,000 Romanians’ unemployment.
The impact of the current global financial crisis on Romania is gradually increasing, and numbers of enterprises, especially exporters have been hit. Romanian Ministry of Labor, Family and Equal Opportunities Minister Marianne • Kanpeiyanu said to local media that there would be 17,000 people joining the ranks of the unemployement.
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