Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has actually seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, intending to supply thousands of training chances and jobs for the worldwide labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, referall.us launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as brand-new graduates, women, and individuals with specials needs, for suitable work through specialised training programs, including advancement, academic efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, institutions, or training programmes. Read likewise: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These statistics have actually also revealed that almost 40 percent of companies report problems in filling vacancies due to a mismatch in between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
Canadian province includes 13,000 childcare areas, to increase to 28,000 by 2026, therefore developing jobs

British Airways flight reverses as harmful fumes make passengers and crew sick

Customers’ USSD gain access to undamaged as banks settle USSD debt

Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate need to establish thorough techniques to deal with these typical challenges successfully.” “Transforming them into chances, eventually we can all work together to make sure the prosperity of our economies, communities, and workforces.” The minister also noted that the agreements concentrate on improving functional effectiveness, fostering innovation, and driving worth creation in positioning with Saudi Vision 2030. Key entities involved in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on leadership development and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, to advance cybersecurity abilities amongst students and the labor force, among others. Share
Join BusinessDay whatsapp Channel, to stay up to date

Top 10 African nations that escaped low-income status since 2000

Five African cities offer most affordable rent in 2025

Business Day, developed in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It distributes in Nigeria and Ghana

Read More …

For Digital Adverts: [email secured] Call Us:08033225506, 08026011296, 07013338794
WhatsApp Us: 08068545123
Advert And Rates
Copyright

BDFX.
About Us.
BD Foundation.
BusinessDay Intelligence.
BusinessDay Conferences & Events

LGAs monetary autonomy deals with fresh obstacle on CBN need

PDP heading for catastrophe in 2027, Bode George cautions

© 2025 – Businessday NG. All Rights Reserved.