Word: contracting
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...been forced to delay an investment of up to $3 billion in a massive new oil field off the coast of Java. The problem: protracted negotiations with the government and with Indonesian oil company Pertamina, which is being privatized, over revenue sharing and the length of ExxonMobil's contract. In addition, tough labor laws, which among other things make it difficult for companies to lay off workers, discourage hiring at a time when more than 9 million Indonesians are unemployed and another 30 million?almost a third of the work force?can't find as much work as they would...
...increase, with professional jobs growing 68%. Along with outsourcing and productivity-improving software, the rise in temporary hiring is one of the big structural shifts redefining the job market, according to a paper published by the Federal Reserve Bank of New York. By relying more on temps and contract workers in good times and bad, the report says, "all else equal, this approach yields a smaller permanent work force, more temporary workers and more permanent layoffs." The temp-services industry calls this "strategic staffing"--keeping a core group of full-timers while adding and subtracting temporary and contract workers...
...with his temp job as a real-life "interpreter of maladies" for immigrants seeking medical help from the county health department. "I was excited to get this job," Borayev says. "It uses my language, and it's in the same field as my degree." He worked happily as a contract employee for almost two years until this spring, when a tax bill close to $2,000 and a $1,000 emergency root canal pushed the drawbacks of perma-temping right in his face. "Of course I'd really rather have all the benefits I hear people talking about, since...
...people who are convinced that they're going to be the next pop star go up there and just stink up the joint," says Fleiss. "It's incredible. I'm grateful for it." The winner--or at least the longest-serving loser--is rewarded with a $100,000 recording contract. Isn't the public humiliation of it all a little too mean? Says Fleiss: "Too mean? Nah, that never crossed my mind. Too funny, too compelling, I did think at times." And you thought Simon Cowell was cold...
...taken center stage. The spat over unemployment compensation in performing arts threatens to disrupt the Cannes film festival in mid-May. And two weeks ago, a Marseilles court overturned a 2002 reform that slashed jobless benefits from 30 to 23 months. The judges ruled that the move breached the contract workers entered into when they got their...