Archive for April 2012

Older Worker at 45

Phyllis Barnett is only 61 years old, but as she explains it, she was already considered a senior in the eyes of the job market years ago. “I have discovered as I’ve gotten older,” she says, “that once you hit 45, you’re considered an older worker.” An accounting professional with a master’s degree in business … Continue reading

Philippines | Labor Day | Gov’t offers nearly 300K jobs

As the nation celebrates Labor Day today, the Department of Labor and Employment (DOLE) is offering as many as 300,000 local and overseas jobs in the simultaneous job and livelihood fairs the agency is holding in various areas. Labor Secretary Rosalinda Baldoz said the nationwide job and livelihood fairs form part of the centerpiece event … Continue reading

Qantas to axe over 1,000 jobs

QANTAS will axe 400 jobs at its Tullamarine heavy maintenance base and 660 workers at Avalon are also at risk. Source: via Qantas to axe 400 Tullamarine workers with another 660 jobs at Avalon in danger | Herald Sun.

Mining in Sudbury | From an employer market to a worker market

Jeff Lafortune teaches in the civil and mining engineering technologist program at College Boreal he graduated from 15 years ago. In that decade and a half, he has seen a tremendous demand build for skilled mining employees. “When I graduated, there was one company in town … and there were 15 of us wanting that … Continue reading

Ireland | Cisco to create 115 jobs

Cisco is to invest €26 million in its research and development centre in Galway, creating 115 jobs. The investment, announced this morning by Taoiseach Enda Kenny, will be made over the next two years and is being supported by IDA Ireland. Mr Kenny described it as “most welcome news” for Ireland and the region. “The … Continue reading

Wall Street To Cut 21,000 Jobs

Wall Street is earning profits at the moment but that doesn’t mean jobs on the famous financial exchanges of New York are safe as Wall Street recruiters announced this week that “job creators” will be slashing 21,000 jobs from the securities divisions alone. Analysts predict that worldwide cuts will be even larger as big banks … Continue reading

Amazon to collect sales tax and create 2,500 jobs

As part of a settlement with the great state of Texas, Bezos’ baby will start collecting the state’s requisite 6.25-percent sales tax on July 1st. The settlement resolves the online retailer’s ongoing dispute with the Lone Star state, which claimed that Amazon owed $269 million in back taxes. In addition to taking up collection, Amazon … Continue reading

Israel’s revised jobless rate goes up

Israel’s move to bring its economic statistics in line with leading Western countries has led to a far bleaker picture of its jobs market, undermining claims that the country is riding through the global crisis with relative ease. The Central Bureau of Statistics on Monday unveiled a new employment survey – a reworking of past … Continue reading

LDK Solar Cuts 5,554 Jobs

LDK Solar Co. (LDK), the world’s second- largest maker of wafers for cells, cut 5,554 jobs this year after plunging prices cut margins to a record low amid a renewable-energy shakeout that’s pushed at least eight solar companies into bankruptcy and prompted thousands of industry firings. LDK, which reported the lowest margins among its publicly … Continue reading

Vietnam employment policy and Korea

Vice Minister of Employment and Labor Lee Gi-gwon and Vietnamese Minister of Labour, Invalids and Social Affairs Pham Thi Hai Chuyen held a bilateral meeting between the two Ministries in Hanoi, Vietnam on April 23rd. At the meeting, they signed a Letter of Arrangement between both countries concerning the provision of policy advice on the … Continue reading

The retirement tsunami at Washington

Figures released earlier this month by the Office of Personnel Management seem to suggest that the giant wave of baby boomers leaving federal service may be starting to build. For the first three months of 2012, OPM saw a steady increase in the number of new claims for the Civil Service Retirement System (CSRS) and … Continue reading

UK | Wealthy and Wealthier

Britain’s wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons’ earnings and savings were squeezed by inflation and low interest rates. The combined wealth of Britain’s 1,000 richest people swelled by almost five percent to more than 414 billion … Continue reading

The Big Waste according to Krugman

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading

Spain enters in recession helped by austerity

Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond. It is the second recession in just over two years for the euro zone’s fourth largest … Continue reading

Job Gap is extending and has entered a new, more structural phase as austerity prevails says ILO who calls for a Global Job Pact

The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, … Continue reading

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