Around the world, young people armed with new degrees, diplomas and professional qualifications are struggling to enter the workforce as the coronavirus pandemic pushes the global economy into recession. While COVID-19 has seen many firms let employees go, it has also thwarted the hopes of many of landing their first jobs — important for jumpstarting careers — as employers cut back graduate recruiting plans or even revoke job offers.
Coronavirus job cuts: Which companies in Europe are slashing their workforces because of COVID-19? Graduate job vacancies for July are down from the previous year in 10 countries, according to Adzuna, a job postings search engine. Britain, India and the Netherlands have seen the biggest declines, with postings down by more than half from a year ago, but other countries including Austria, Australia, Brazil, and France are also seeing double digit percentage drops.
Graduate jobs are expected to shrink in 21 countries, with most unlikely to recover next year, according to a separate report by Britain’s ISE. Recent graduates from across the globe explain how the pandemic and resulting economic crisis has affected their chances of securing their first job
Source: Euronews
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