The number of job openings in Taiwan reached 248,000 at the end of August, rising by 62,000 from three months earlier and up by 37,000 from a year earlier, as the issue of mismatching deteriorates and the society ages, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The latest number suggested an overall job vacancy rate of 2.84 percent, the highest for the same period in three years, with rates in different sectors varying but being consistent with their seasonal business demand, the agency said.
In the manufacturing sector, the number of job openings stood at 87,000, or 35.3 percent of the total, with a job vacancy rate of 2.97 percent, the DGBAS said, adding that manufacturers have the worst workforce shortages, and their payroll is most susceptible to the technology product cycle.
Photo: CNA
Electronics firms contributed 19,000 vacant positions, while computer and optical goods producers saw job openings rise by 10,341, and electricity and gas suppliers had 1,822 job openings, it said.
Meanwhile, the number of job openings amounted to 39,684 at wholesales and logistics firms, and 20,741 at restaurants and hotels, it said.
Human resource firms have advised local tech firms to recruit workers from abroad, as Taiwan is aging rapidly and local people in need of work do not have the required skills, while the online 104 Job Bank (104人力銀行) projected job openings of more than 1 million, mostly at relatively low-paid service facilities.
SEMICONDUCTORS: The firm has already completed one fab, which is to begin mass producing 2-nanomater chips next year, while two others are under construction Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, plans to begin construction of its fourth and fifth wafer fabs in Kaohsiung next year, targeting the development of high-end processes. The two facilities — P4 and P5 — are part of TSMC’s production expansion program, which aims to build five fabs in Kaohsiung. TSMC facility division vice president Arthur Chuang (莊子壽) on Thursday said that the five facilities are expected to create 8,000 jobs. To respond to the fast-changing global semiconductor industry and escalating international competition, TSMC said it has to keep growing by expanding its production footprints. The P4 and P5
DOWNFALL: The Singapore-based oil magnate Lim Oon Kuin was accused of hiding US$800 million in losses and leaving 20 banks with substantial liabilities Former tycoon Lim Oon Kuin (林恩強) has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte Ltd (興隆貿易) and his children Lim Huey Ching (林慧清) and Lim Chee Meng (林志朋) were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were directors at the company. Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte Ltd are the trustees, according to the gazette. At its peak, Hin Leong traded a range of oil products, made lubricants and operated loading
The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico’s luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price, industry experts say. It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized, as in other parts of the world. The high-end segment of the market registered a sales drop
Citigroup Inc and Bank of America Corp said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month. In a statement, Citigroup said while it remains committed to achieving net zero emissions, it is exiting the Net-Zero Banking Alliance (NZBA). Bank of America said separately on Tuesday that it is also leaving NZBA, adding that it would continue to work with clients on reducing greenhouse gas emissions. The banks’ departure from NZBA follows Goldman Sachs Group Inc and Wells Fargo & Co. The largest US financial institutions are under increasing pressure
RSS