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India | Higher Education : In need of a sustainable policy
“India does not have a credible and sustainable public policy on higher education (HE) even after 64 years of independence,” said Prof M Anandakrishnan, chairman, IIT Kanpur. He was delivering the keynote address at a symposium on ‘Public Policy and Governance’ organized by the School of International Relations and Politics (SIRP), MG University on Thursday. … Continue reading
Job | Technological Know-How is a Must
“As the internet has grown from 70 million users in 1997 to 2.2 billion, entrepreneurial companies with technology at their core have disrupted entire industries and threatened or eliminated incumbents. For example, Square, the new electronic payment service, has already upended a long-established financial ecosystem, with some arguing that it may even replace cash” writes Daniel … Continue reading
OECD | UK | Back in recession – The Guardian
The UK is heading back into recession and will be among the slowest of the world’s largest economies to recover in the first half of this year, according to a study by the Paris-based thinktank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the … Continue reading
U.S. | The top 1 percent got 93% of income growth
93 percent of income growth went to the wealthiest 1 percent of American households, while everyone else divvied up the 7 percent that was left over according to Emmanuel Saez. Main Findings Source: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf “Figure 1 presents the income share of the top decile from 1917 to 2010 in the United States. In 2010, the top … Continue reading
Canada | Budget | DND cuts account for one-fifth of federal budget cuts over next three years – Winnipeg Free Press
Roughly one-fifth of all federal cuts over the next three years will come out of the Defence Department, the budget tabled Thursday by Finance Minister Jim Flaherty indicates. It is a substantial hit for a department that for many years saw generous increases under the Harper government and whose budget had approached $21.2 billion last … Continue reading
Nokia | 1,000 job cuts in Finland – Reuters
Nokia (NOK1V.HE) finished on Thursday job cut talks with the staff at its plant in Salo, Finland, resulting in planned lay-offs of up to 1,000 people. The jobs at the last large cellphone manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June, the company … Continue reading
UK | 1,800 jobs cut under MoD reforms – The Guardian
In a written statement to Parliament, defence personnel minister Andrew Robathan said he regretted the uncertainty and anxiety caused to staff involved but said the Government “can and will” make changes in guarding and civil policing. Under the measures, the MoD Police is to downsize from a current strength of just under 3,100 to about … Continue reading
Exar Cutting More Than 30% of Jobs
The chipmaker Exar this morning said it has expanded its cost reduction program, cutting about 120 jobs, or about 30% of worldwide headcount. The move is intended to save about $12 million a year, about 30% of that in operations and 70% in R&D and SG&A. The cuts follow a previous round of cuts in … Continue reading
Balfour Beatty | 12,000 jobs at risk
Britain’s biggest construction company Balfour Beatty (BALF.L: Quote) has warned all its 12,000 staff in the UK that their jobs are at risk, the construction industry magazine Building reported on Wednesday. Read More @ Balfour Beatty warns 12,000 jobs at risk: report | Business | Reuters.
Ontario | Toyota adds 400 more jobs
Toyota announced Wednesday it’s increasing production by 50,000 vehicles and adding 400 jobs at its Woodstock, Ont., assembly plant to meet growing demand for the RAV4. The automaker may also be looking for a North American home for some of its Japanese-based production because the value of the yen remains high… Read More @ Toyota adds … Continue reading
Australia | Small rise in the number of job vacancies
THE small rise in the number of job vacancies reported today is not enough to provide real hope that a solid pickup in jobs growth is under way… Data from the three-monthly survey by Australian Bureau of Statistics (ABS) showed the number of job vacancies across the nation rose by 0.3 per cent between November … Continue reading
Daio Paper Corp. to cut 900 jobs
Daio Paper Corp. will cut 900 jobs within three years by not replacing retiring workers, it said in a statement. Daio expects the job cuts to lead to about 5.5 billion yen of savings annually. The stock slipped 1.2 percent to 498 yen. via Ashok, Cheung Kong, Hankyu, Nippon, Suzlon: Asia Stock Preview – Bloomberg.
Philippines | Skills Gap | 2M jobs available this year
JOB vacancies up for grabs in the Philippines could hit 2 million this year in the five hottest fields: information technology, engineering, finance, sales and customer service, according to internet recruitment web-based firm Jobstreet.com. Jobstreet.com said in 2011, there were 2.7 million job vacancies, of which 40 percent were posted by the Malaysian-listed firm. Yoda … Continue reading
WindTronics leaves Windsor | Goodbye to 200 subsidized jobs
A local wind turbine manufacturer that blew into Windsor with great fanfare is leaving. After two years in operations, the president of WindTronics said the provincial feed in tariff (FIT) program is not working for him, so he’s moving the business to Michigan. Michigan-based WindTronics produced small residential wind turbines. They are to be used … Continue reading
Rogers to cut 300 jobs as BCE-Astral deal likely to spur job cuts
Rogers Communications plans to cut 300 jobs across Canada, according to MediaCaster magazine. The layoffs will be spread out across the company’s various divisions, which include cable, telecom and Internet services, TV and radio stations and magazines. Read More @ Rogers plans to cut 300 jobs | Money | Toronto Sun. _______________________________________________________________ BCE-Astral deal likely to … Continue reading
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