is 2023 shaping up to be a year of big drop offs? a growing number of major companies are already laying off workers in their thousands, so our employers also now taking back control of pay and conditions? i will hear from the head of the un international labour 0rganisation about why the global jobs market international labour 0rganisation about why the globaljobs market is under pressure and why that could mean more social unrest. the big boss of global recruitment firm robert waters tells me what companies are demanding of new recruits as they try to keep profits flowing. also, is travel the answer to our economic woes? expedia is one of the biggest travel firms, it s big boss will tell me if all that pent up demand is still strong enough to keep us opening our wallets. riveryou enough to keep us opening our wallets. river you arejoining me from, a big hello and welcome. january, the time of year when many take stock of our lives, that often involves looking at our careers
is 2023 shaping up to be a year of big drop offs? a growing number of major companies are already laying off workers in their thousands, so our employers also now taking back control of pay and conditions? i will hear from the head of the un international labour 0rganisation about why the global jobs market international labour 0rganisation about why the globaljobs market is under pressure and why that could mean more social unrest. the big boss of global recruitment firm robert waters tells me what companies are demanding of new recruits as they try to keep profits flowing. also, is travel the answer to our economic woes? expedia is one of the biggest travel firms, it s big boss will tell me if all that pent up demand is still strong enough to keep us opening our wallets. riveryou enough to keep us opening our wallets. river you arejoining me
goods will be more expensive thanks to the war in ukraine and ongoing impact of the pandemic. to counter that, many countries are expected to continue increasing the cost of borrowing, the picture in the g7 advanced economies here. it means more cash needed for consumers for basics, as while energy costs are going up, the companies higher interest rate means debts are more expensive to pay off and profits around the pressure. if that turns into less money going to shareholders pockets, the stock markets will fall. company tried to save money by cutting their payroll as they become less confident in the future. the un international labour 0rganisation is expecting that at least 3 million more people around the world will be unemployed this year, and also that the quality of jobs out there will suffer. amongst other things that means pay that doesn t keep up with the rate cost of living. i had been speaking
labour force, cut costs, letting go some of their labourforce, back office, management. whereas keeping the front line workers, face to face, and wondering, thosejob front line workers, face to face, and wondering, those job losses front line workers, face to face, and wondering, thosejob losses in the office, well that eventually feed through to possiblyjob losses in other areas? feed through to possibly “ob losses in other areas? feed through to possibly “ob losses in other anagfi in other areas? broadly, what i m seeinu in other areas? broadly, what i m seeing and in other areas? broadly, what i m seeing and hearing in other areas? broadly, what i m seeing and hearing from - in other areas? broadly, what i m seeing and hearing from my - in other areas? broadly, what i m i seeing and hearing from my clients, companies are reluctant to obviously let people go unless they have to, they need to manage course space and some people are losing jobs, people have realised how diffi
to the director general. gilbert hungbo, a pleasure having you on the show, let s start with theirs. your forecast for this year don t paint a pretty picture, what are you expecting? pretty picture, what are you meeting? pretty picture, what are you exectin? ., ., ., ., pretty picture, what are you exectin? ., . , ., ., ., expecting? covid effects, a lot of countries. expecting? covid effects, a lot of countries, particularly expecting? covid effects, a lot of countries, particularly from - expecting? covid effects, a lot of countries, particularly from the l countries, particularly from the north, have started recovering while low income economies are struggling. 0n the other hand, we have job situation with the war in ukraine, and its consequences. the inflation situation. when we put all of that together, it gives a picture that is not rosy. together, it gives a picture that is not ros . , , . not rosy. gilbert, in recent weeks we have heard not rosy. gilbert, in recent w