Upskilling the Next Generation with 5 Million Training Hours

  • A.S. Watson Group commits to creating 25,000 jobs in UK for 16-23 year olds by 2030
  • Five million global training and coaching hours invested in upskilling younger generation
  • Covid-19 impacted global youth employment by 8.7% according to ILO report

A.S. Watson Group, owner of Superdrug and Savers, is committed to providing 200,000 job opportunities for 16-23 year olds globally, with 25,000 in the UK by 2030. The company aims to equip young starters with essential skills for retail sector roles. Amid Covid-19’s impact on global youth employment (8.7% drop per ILO report), these jobs combat job loss and provide training and coaching. Amy Davies, Superdrug and Savers people director, emphasizes the importance of nurturing talent and embracing diversity for a healthy society and business growth.

Factuality Level: 10
Factuality Justification: The article provides accurate information about A.S. Watson Group’s commitment to create job opportunities for young people, cites a relevant statistic from the International Labour Organisation, and includes quotes from company representatives that support their goals and strategies.
Noise Level: 4
Noise Justification: The article provides relevant information about a company’s commitment to create job opportunities and upskill young individuals in response to the impact of Covid-19 on global youth employment. It also includes quotes from company representatives that support their stance on the issue.
Financial Relevance: Yes
Financial Markets Impacted: The job creation initiative by A.S. Watson Group impacts the retail sector, specifically Superdrug and Savers, which may affect their financial performance and the overall retail market.
Financial Rating Justification: This article discusses a significant investment in job creation and training for young individuals by A.S. Watson Group, which is related to financial topics as it involves employment opportunities and potentially affects the retail sector’s financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, but the company’s commitment to create job opportunities for young people can be seen as a positive response to the impact of Covid-19 on global youth employment.

Reported publicly: www.retailsector.co.uk