Archive for August 2012

Boston Scientific – Untold number of Layoffs to Come

Medical device giant Boston Scientific expects an untold number of layoffs in the next few months and the company will its cardiac device businesses into separate CRM and stent divisions. Medtech titan Boston Scientific (NYSE:BSX) is making some big moves in the next few months, including some new rounds of layoffs and the halving of its … Continue reading

Sept. 11, 2001 – American recalls 211 TWA flight attendants

More than 200 Trans World Airlines flight attendants are about to go back to work, nearly 11 years after the Sept. 11, 2001, terrorist attacks that caused an airline industry slowdown. The recall of 211 workers announced Thursday means that effective Nov. 17, there won’t be a single former TWA attendant on furlough for the … Continue reading

Siemens – More Than 150 North Texas Jobs Cut

Siemens Industry, Inc has announced that it is preparing to layoff more than 150 employees in the North Texas area. A spokesperson for Siemens said North Texas employees were notified Thursday that layoffs will take place until the end of 2013. About 160 full-time employees are expected to be affected. All layoffs will take place … Continue reading

Ottawa – Mitel – As many as 200 layoffs

Amid a “disappointing” quarter for Ottawa’s Mitel (TSX:MNW) that included halted orders and layoffs of as many as 200 people across its operations, CEO Richard McBee says he remains confident the company is poised for growth in the long term… via UPDATE: ‘Disappointing’ quarter for Mitel includes lower sales, layoffs – Technology – Ottawa Business Journal.

Brillion Iron Works – 200 layoffs

Nearly 200 people will soon be out of work in Brillion. Executives at Brillion Iron Works say the economy is forcing them to cut 198 positions, including 184 hourly jobs. The year began with the company hiring about 200 workers to keep up demand for automotive castings. But, company officials say that demand has slowed … Continue reading

South Africa – Skills and vocational training need rethink

Late in 2008, Acts were passed to make substantial changes to the first post-1994 national qualifications framework. It was split into three linked frameworks, each with its own quality council: Umalusi, the Higher Education Quality Council and the Quality Council for Trades and Occupations. This signified a dramatic policy shift and the introduction of the … Continue reading

US – The Low-Wage Recovery and Growing Inequality , a report by the National Employment Law Project

This report updates National Employment Law Project’s previous analyses of job loss and job growth trends during and after the Great Recession. The authors find that during the recession (2008 Q1 to 2010 Q1), employment losses occurred throughout the economy, but were concentrated in mid-wage occupations. By contrast, during the recovery (2010 Q1 to 2012 … Continue reading

What Americans Do of Their Time in a Workday

What Americans Do All Day Long | The Big Picture.

Vivendi plans to cut jobs

French media and telecoms giant Vivendi has said it will cut costs, including jobs, as it reported a drop in second-quarter net profits mainly due to its struggling telecoms unit. Net profit fell 46% to 619m euros ($777m; £490m) on revenue down 1.5% to 6.96bn euros, a statement said. Vivendi said it would cut costs … Continue reading

Federal extended unemployment benefits – More reductions are set for September

“I am getting frantic emails and comments on my blog posts from people who are running out of unemployment benefits and aren’t sure why” writes   Alison Doyle. “The reason is that what is provided for unemployed workers changed dramatically in January.” “Federal extended unemployment benefits have been gradually reduced this year and more reductions are … Continue reading

Volvo to axe 200-300 jobs

Swedish carmaker Volvo, owned by Chinese Zhejiang Geely, GEELY.UL is to cut production in Sweden about 10 percent and axe 200-300 jobs due to slower than expected sales, a union said on Thursday… via Volvo to cut car production by 10 percent: union | Business | Reuters.

Israel – Unemployment drops despite record layoffs

Despite a three-year high in layoffs in July 2012, following steady increases in layoffs in the previous months, the Central Bureau of Statistics today reported that the unemployment rate among persons over the age of 15 fell to 6.5% in July from 7.1% in June and 7% in the second quarter. Participation in the labor … Continue reading

Most people over 55 would work longer with a pay raise

What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer before they retired, to enjoy the extra income. By eliminating social security payroll taxes starting when workers are 55-years-old, the study shows that people’s … Continue reading

A Secure Job to be in the Middle Class

Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of … Continue reading

Fiscal policy, at both the federal and state and local levels: headwinds for unemployment reduction says Bernanke

The accommodative monetary policies I have reviewed today, both traditional and nontraditional, have provided important support to the economic recovery while helping to maintain price stability… Notwithstanding these positive signs, the economic situation is obviously far from satisfactory… Further, the rate of improvement in the labor market has been painfully slow. I have noted on … Continue reading

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