Report says more than £9 million of public money was spent by the Welsh Government before it ended its involvement.Read the full story ›
New statistics released by the Office for National Statistics shows the employment rate has slowed down in WalesRead the full story ›
The Welsh Government has set out four "priority areas" in its 10-year vision for employment and skills policy over the next 10 years, to be unveiled later.
Those areas are:
- Skills for jobs and growth;
- Skills that respond to local needs;
- Skills that employers value;
- Skills for employment.
The statement has been developed in consultation with Further Education College Principals, the National Training Federation for Wales, the CBI, Wales TUC, Federation of Small Businesses, Commerce Cymru, the Wales Employment and Skills Board and other partners within the sector.
A 10-year vision for a more highly skilled Wales is to be unveiled later by the Welsh Government.
Ken Skates, the Deputy Minister for Skills and Technology, will launch the Welsh Government's new Policy Statement on Skills, which sets out the "responsible action needed by all stakeholders to develop a resilient, responsive and sustainable post-19 skills system.
The Welsh Government says it also recognises the "tough choices ahead" if Wales is to deliver the skills needed to raise productivity levels and reduce barriers into employment.
Ken Skates AM, the Deputy Minister for Skills and Technology, has set out a 10-year vision for employment and skills policy, with the aim " to support Wales to evolve into a highly-skilled nation and to create the conditions which allow businesses in Wales to grow and flourish"
Since taking up the post of Deputy Minister, I have spoken of my three main priorities: alignment, employability and engagement. Each of these are key to our 10 year vision for a more highly-skilled Wales.
The Policy Statement on Skills will outline how we aim to build a skills base that is fully responsive to the needs of our economy, equipping those who are looking for work and those in work with the skills Wales needs to be economically competitive.
If we're going to be successful in achieving this vision then we need employers of all sizes to work with us and invest in the skills of their employees. In return, we have to ensure that employment and skills support we offer to both individuals and employers is more joined-up, accessible and responsive to their needs.
30 office workers in Cardiff will be affected by the closure of telesales at energy company SSE.
The company says the staff members, based in the St Mellons office, will be moved to other jobs in the company "wherever possible."
Energy supplier SSE said it's ending the practise of cold calling potential customers, but will still call current customers.
A stem cell research firm is to relocate to south Wales from Guilford over the next two years, bringing 25 jobs initially.
It has not been established exactly where ReNeuron will be based but says it is looking a a number of potential sites between Swansea and Cardiff.
The Welsh Government has provided a £12.8m funding package to ReNeuron to relocate to Wales and to grow its stem cell research, clinical trials and manufacturing base. The company says it hopes to expand to employ about 70 people. Edwina Hart, economy minister said she was delighted with the move:
"ReNeuron is the first company in the world to have been granted permission to run clinical trials of ground-breaking stem cell technology to treat patients with stroke, one of the top three causes of death and a leading cause of adult disability in Wales."
Some of the countries biggest employers were in Cardiff as part of a jobs fair - where thousands of vacancies were on offer. There were also celebrities on hand to offer advice and encouragement.
An employment fair organised by The Sun newspaper is being launched in Cardiff today at the Parc Thistle hotel. Thousand of jobs will be up for grabs, with 40 firms taking part including Barclays, BT, Screwfix, John Lewis and Travelodge.
On hand to offer career advice at the event will be TV presenter Jeremy Kyle, The Apprentice's Michelle Dewberry and Radio 1 DJ Jameela Jamil.
Wales could be on the brink of a youth business boom, according to a new report. A study by the Prince's Trust and RBS shows that a quarter of Wales' young people believe they will be self-employed in the future. Around a quarter also said they expect to be their own boss in the next five years.
Twenty-five percent of young people included in the survey also say they are thinking of setting up their own business.
"This research reveals an increasingly entrepreneurial mood among young people in Wales. Five years on from the start of the recession, youth unemployment remains high and many are seeing self-employment as a way to break the cycle of joblessness.
"Setting up in business can be tough - but at The Prince's Trust we have a 30-year track record of helping disadvantaged young people succeed in work and self-employment, no matter what their background. It is critical we nurture young people's passion for business and invest in the next generation."