The global economy recession has now touched the world’s largest mobile phone manufacturer Nokia Corporation. Nokia has planned to cut back on staff. The cell phone giant has announced it plans to shed around1,700 jobs globally because of a cutback in cell phone sales. It employs more than 125,000 workforces worldwide. The sales have been hit hard by the recent global economic downturn.

As it sales are falling so the company is taking several steps to manage their loss. They try to cut cost anyhow. So, as a part of a key cost-cutting drive, the giant announced the redundancies are going to be made across several departments to cut costs by roughly 700 million euros.

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After BDR carnage, it was another stumble for Bangladesh as more than 300 Bangladeshi workers returned home Friday from Malaysia. Remittances by workers (who work abroad) are the highest foreign exchange earner for Bangladesh after ready made garments. The workers arrived at the Zia International Airport here Thursday night. A flight of the Malaysian Airlines was carrying their Dhaka. According to ATN Bangla (a private TV channel) more workers from different countries such as Singapore and the Maldives, may return home by the end of this month.

Earlier, Kuala Lumpur had cancelled visas of almost 55,000 Bangladeshi workers Wednesday. Their visas were cancelled citing unemployment caused by global recession.
The Malaysian administration has justified its action citing unemployment. However, the New Straits Times, Malaysia editorially criticized the move as being ‘unfair’ to Bangladesh. It showed logic on their opinion ‘Visas of workers from only Bangladesh had been cancelled.’ On the other hand, the Daily Star, Bangladesh reported the situation was ‘worrisome’ and urged the government to do its best to stem the tide of returning workers. Nonetheless, Dhaka’s relations with Kuala Lumpur on this front have been uneven.

After a long 10 years ban, Kuala Lumpur started hiring Bangladeshi workforces in August 2006 and had recruited more than 400,000 workers since then. In 2008 Malaysia placed a temporary ban after several workers had staged a sit-in before the Bangladesh high commission in Kuala Lumpur. Even they squatted on the road and one of the workers caught fever and died. That time the workers alleged that they were cheated by touts and Malaysian employers.

Reposition on manpower export in the face of global recession is one of the vital promises made by Awami League. Awami League with its grand alliance had won a massive poll victory December 2008 and made government headed by Prime Minister Sheikh Hasina.

Bangladeshi government already started to communicate with high level authority. But the analysts say that there is no hope to solve the problem before 30 March as the general election in Malaysia is going to be held that day. And Bangladesh wants to talk with the new government on this font.

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When most of the companies cut their jobs to reduce their operation cost and keep pace with world economic crises; International Business Machines Corporation (IBM), the world’s largest computer and technology Services Company, is going to open a new computer support center in Iowa, USA. For this center they plan to create more than 1,300 new jobs and want to define a trend of widespread corporate layoffs. The Dubuque facility in a 10-story office building one time occupied by now-defunct retailer Roshek’s Department Store and that will make new jobs for high-tech personnel.

Last Wednesday, IBM authority said employees will provide tight security services and remote support to IBM clientele, helping to maintain software and computers systems primarily located in the USA. IBM, nicknamed “Big Blue”, said it plans to appoint several hundred workers in the facility by the end of current year. They hope following renovations and decoration to the top eight floors of the edifice (built in the 1930s) that it will occupy to create it more energy efficient.

IBM expects by the end of 2010, as many as 1,300 IBM workers will work in the building. On the other hand, on last Tuesday, IBM announced plans to work jointly with Michigan State University, USA to build a modern software development center in East Lansing, Michigan. And this center will create more than 1,500 jobs over the next five years. Meanwhile, the plans of IBM make new life in US job market. Many think that it is good news for world business.