As the 2008 tcworld conference and Trade Fair gets underway in Wiesbaden, fear and uncertainty cloud the global economy. But one industry heavily represented at the conference is bucking the trend, showing signs of strong growth that is expected to continue for years to come.
The language services and technology industry is seeing increases in work volume and jobs. The positive outlook is expected to continue as more companies see the importance of communicating locally in the worldwide marketplace.
Recent news of growth comes from the Globalization and Localization Association (GALA), an international non-profit association that encourages local communication as an indispensable component to a global strategy. In September, GALA released results of a survey of its 300 member companies that showed major growth in work volume. Over 85 percent of the respondents have seen work volume increase in the past year, and more than half have had increases of 20 percent or more.
Not surprisingly, employee growth is also very strong. More than 75 percent of GALA members who responded to the survey indicated employee growth; one fourth have had employee growth of more ...
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