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

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, intending to offer thousands of training chances and tasks for the global labor force. This agreement was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, females, and people with disabilities, for ideal employment through specialised training programmes, including development, academic initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and referall.us Development (OECD), around 67 million youths are currently out of work, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These data have actually also revealed that almost 40 percent of employers report problems in filling vacancies due to a mismatch between workforce skills and labour market needs, with youth joblessness exceeding 30 percent in some areas globally. Related News
Canadian province adds 13,000 childcare spaces, to increase to 28,000 by 2026, hence developing jobs

British Airways flight turns back as poisonous fumes make guests and team ill

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

Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to develop comprehensive methods to attend to these typical difficulties successfully.” “Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister also noted that the on boosting functional performance, fostering innovation, and driving worth development in alignment with Saudi Vision 2030. Key entities associated with these arrangements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs concentrated on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the labor force, amongst others. Share
Join BusinessDay whatsapp Channel, to stay up to date

Top 10 African countries that got away low-income status considering that 2000

Five African cities provide most budget friendly lease in 2025

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

Read More …

For Digital Adverts: [e-mail safeguarded] 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 faces fresh hurdle on CBN need

PDP heading for catastrophe in 2027, Bode George warns

© 2025 – Businessday NG. All Rights Reserved.