🛠️ Skills and Workforce #47

Hello 👋

Global labor markets present a mixed picture this week, with Bosch cutting 13,000 jobs in Germany due to economic pressures, while HCA Healthcare invests $75M in an Indian Global Capability Centre, aiming to create over 3,000 jobs by 2026. Revolut committed $4B to the UK for global expansion and AI innovation, with plans for 1,000 new jobs in London.

Global investments are powering skills development. New York granted $16M for clean energy training, the OPEC Fund mobilized $1B for sustainable jobs, and a Bezos-backed $7.5B alliance advances green skills. Advanced manufacturing saw a $5M Las Vegas training facility expansion, a $9.8M New Jersey center, and a $2.8M training grant. AI gained a $1.6M Durham AI Zone, $3M NIST cybersecurity workforce training boost, and Accenture’s $865M restructuring, cutting 12,000 roles. Health advanced with $50B for US rural health and workforce training, a $77M investment by the ADB in nursing education, and $1.5B UnitedHealth-Goodwill workforce investment.

Thanks for reading!

Global Labor Market Trends

📉 Industrial Giant Bosch to Cut 13,000 Jobs In Germany. Bosch plans to cut 13,000 jobs in Germany through a sweeping restructuring amid tariff pressures and intense competition from rival automakers. The move underscores the automaker’s struggle with slowing demand, rising costs, and global economic pressures while repositioning itself in the evolving automotive and technology sectors.

🩺 HCA Healthcare Opens First GCC in India. The US hospital operator launched its first Global Capability Centre in Hyderabad’s HITEC City in a landmark investment of $75M. The initiative would expand the workforce by 3,000 people by 2026 across multiple chains, ranging from IT, supply chain, HR, and Finance, thereby enhancing support for its operations in the US and the UK.

🚀 Revolut Pledges $4B at London Global HQ. Revolut invests $4B in the UK, aiming to create 1,000 new jobs at its London headquarters while also reinforcing its global growth plan focused on market expansion, AI-driven product innovation, private banking, and ambitious customer acquisition targets over the next five years, in addition to committing to job growth.

Green Skills

🌳 Bezos-Backed Alliance Targets $7.5B to Build Green Skills. The Global Energy Alliance for People and Planet will invest $7.5B over five years to expand renewable grids, battery storage, and digitally intelligent power systems in over 30 countries. These projects will create green jobs and train workers in clean energy, agriculture, and health sectors, thereby strengthening global green skills.

🌱 OPEC Fund Mobilizes $1B+ to Advance Jobs and Sustainable Development. The OPEC Fund approves over $1B for projects across Africa, Asia, Latin America, and the Caribbean, focusing on clean energy, resilient infrastructure, education, and health. Initiatives create jobs, build local skills, and support inclusive, low-carbon economic growth.

⚡ $16M Invested to Grow New York's Clean Energy Workforce. New York allocates $16M through the Power Authority for training in EV maintenance, clean tech, childcare support, and transportation. An additional $4M from the Department of Environmental Conservation funds youth programs in environmental justice communities.

Advanced Manufacturing Skills

🧪 $9.8M Expansion Positions NJ College for Biomanufacturing and EV Training. Raritan Valley Community College's new $9.8M Workforce Training Center offers programs in cleanroom biomanufacturing, electric vehicle technology, mechatronics, robotics, and welding. Public-private partnerships with the biopharma and automotive industries provide hands-on training and a skilled workforce pipeline.

🏗️ $5M Federal Grant to Build East Las Vegas Workforce Training Center. Eastside Education and Training Center at the College of Southern Nevada receives $5M in federal funding to train workers in construction, HVAC, advanced manufacturing, healthcare, logistics, and IT. Project aims to create 3,400+ jobs and attract $530M in private investment.

🏭 $2.8M GO Virginia Grants Boost Advanced Manufacturing Workforce. Virginia awards $2.8M in GO Virginia grants to expand workforce training in advanced manufacturing, robotics, and welding. These projects strengthen regional economies, align skills with industry needs, and support long-term competitiveness through talent pipelines and business-ready sites across the Commonwealth.

AI & Digital Skills

💼 Accenture Cuts 12,000 Jobs in $865M AI Restructuring. The global professional services firm will eliminate 12,000 roles as part of a $865M restructuring plan focused on AI. The move primarily affects employees in non-billable corporate functions and those whose roles cannot be reskilled for high-demand areas, such as generative AI.

🔐 NIST Injects $3M To Boost Workforce Development and Education. NIST is funding 17 cooperative agreements across 13 states to expand cybersecurity workforce programs. Supporting 47 RAMPS initiatives, efforts include curricula, internships, and hands-on training to address the 514,000 unfilled positions nationwide, thereby aligning with industry-specific standards to close the skills gap.

📈 Durham University to Lead $1.6M AI Growth Zone Initiative. Durham University will partner with industry and public sectors to deliver a new AI Growth Zone supported by a $1.6M investment. The project aims to boost regional economic growth by accelerating AI adoption and developing skilled talent pipelines for local businesses.

Health Skills

💰 CMS Launches $50B Rural Health Transformation Program. A new federal initiative allocates $50B to strengthen the US rural healthcare infrastructure. The funding will support hospitals, workforce training, and telehealth services, requiring healthcare companies to act quickly to meet application deadlines for grants and support.

💉 UnitedHealth Group and Goodwill Partner to Develop Health Care Workforce with $1.5B Investment. The organizations launched a partnership to train and place 25,000 people into health care jobs over the next several years. The initiative includes a $1.5B investment from UHG to expand access to training, education, and career pathways for in-demand roles.

🎓 ADB Approves $77M to Boost Nursing Education in Turkmenistan. The Asian Development Bank will fund a project to modernize nursing education and healthcare services. The $77M support aims to strengthen the nursing workforce by improving curriculum, training facilities, and continuing professional development programs across the country.

Thank you for reading. Have a great week ahead!
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