JAKARTA: Unemployment rates in many developed countries are running in double-digit percentages, creating a jobs crisis.
In the midst of this crisis, some of the world’s largest companies in Western and emerging markets among publicly listed companies based on figures from Reuters, global stock indexes, company websites, annual reports, and other publicly available information.
Citing from CNBC.com, there are top ten largest employers in the world, coming from a variety of industries such as retail, telecommunications, energy, and banking:
1. Wal-Mart Stores
Wal-Mart Stores is the world’s largest retailer with more than 9,600 stores in 28 countries. The company employed 2.1 million employees with revenue per employee of US$199,500 and profit per employee of US$7,100.
Out of its 2.1 million employees worldwide, about 1.4 million work in the US. Outside of the US, Wal-Mart is also the largest private employer in Mexico and one of the largest in Canada. International revenues amounted to US$109 billion for the same period.
McDonald’s is one of the world’s most valuable brands and one of only three American companies to make the list of the 10 biggest employers as it employs 1,7 million with revenue per employee of US$14,200 and profit per employee of US$2,930.
The company has a presence in 118 countries with over 33,000 restaurants — more than 80% of which are owned by independent franchisees, CNBC.com says citing from Reuters.
3. Hon Hai Precision Industry/ Foxconn
Hon Hai Precision is the parent company of Foxconn Technology, the world's largest electronics manufacturer by revenue. Foxconn is also the largest exporter in the Greater China region.
Hon Hai Precision, founded in 1974 by CEO Terry Gou with just US$7,500, employs 836,000 employees. The company’s revenue per employee is US$117,700 and profit per employee is US$3,000. The Chinese tech giant now assembles everything from computers to smartphones and display panels for customers such as Apple, Cisco, Dell, Nokia, and Sony.
PetroChina is China’s largest oil and gas company with a market cap of US$274.3 billion. It is also the world’s second-most valuable energy firm after Exxon Mobil of the US. The company employed 592,700 with revenue per employee of US$390,000 and profit per employee of US$37,250
Tesco is the world’s third biggest retailer behind Wal-Mart Stores and Carrefour. The UK grocery giant, founded by Jack Cohen, opened its first supermarket in 1929, and now employs 492,700 employees with revenue per employee of US$194,000.
France’s Carrefour is Europe’s largest retailer, and the world’s second-largest retailer after Wal-Mart Stores of the US. The company currently employs 471,750 people with revenue per employee with US$256,000.
Founded in 1958 by the Fournier and Defforey families in southeastern France, the company now has hypermarkets and supermarkets in 32 countries, with more than 57% of its revenue coming from international operations.
7. Deutsche Post DHL
Deutsche Post DHL is Europe’s largest mail and express delivery company, and one of the world’s biggest logistics firms with employee of 467,000 people. The revenue per employee is US$148,000.
The German company, which operates in more than 220 countries, was privatized in 1995, but state-owned bank KfW owns a 30% stake. Deutche Post’s labor force has increased in recent years, because of a number of acquisitions, including British logistics company Exel and India’s Blue Dart.
8. Agricultural Bank of China,
Agricultural Bank of China, also known as AgBank, is the world’s biggest bank by the number of customers, branches, and employees. The company employs US$444,440. The lender was founded in 1979 to provide credit to farmers and is one of China’s Big Four commercial banks.
9. Compass Group
Compass Group is the world’s largest contract food service company, with operations in more than 50 countries. It serves 4 billion meals a year by employing 428,000 workers.
10. International Business Machines
International Business Machines (IBM) is the world’s third biggest technology company by market capitalization, behind Apple and Microsoft. It is also one of only two tech giants to make the list of the 10 biggest employers with 426,750 employees.