Job Market Monitor
Archive for November 2012
Fresno Call Center to close / More than 700 jobs
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but declined to say how many workers would be affected. The layoffs at the call center will be upwards of 700 … Continue reading
China / King Yuan Electronics / To create 1,000 jobs
King Yuan Electronics Co. Ltd., a Taiwan-based integrated circuit (IC) testing service provider, said yesterday its plan to build a new plant in an industrial park located in Tongluo Township, Miaoli County is expected to create about 1,000 jobs. King Yuan will invest NT$1 billion in the new production base, which is scheduled to break … Continue reading
US / 20,000 jobs at risk from low water along the Mississippi River
Shipping industry officials issued a new study Friday saying nearly 20,000 jobs are at risk if something isn’t done to prevent barge traffic from grinding to a halt along the Mississippi River in December. Meanwhile, a group of lawmakers have joined the private sector in asking the Obama administration to take action. The study, which … Continue reading
US / Green cards to US-trained math and science experts
The US House passed a bill today that would replace the green card lottery with a program that awards permanent residency visas to foreign graduates of US master’s and doctoral programs in science, technology, engineering and math, Reuters reported. Under the current green card lottery system, people from countries with low rates of immigration are … Continue reading
Italy / ILVA steel / Govn’t moves to save troubled plant
The future of Europe’s biggest steel plant, in the southern Italian city of Taranto, had hung in the balance after magistrates ordered it to close over accusations that emissions from the site had caused an environmental “disaster”. A decree passed in cabinet on Friday removed court administrators who had been running parts of the plant, … Continue reading
Europe had 7.5 million NEETs aged 15 to 24 in 2011, a big burden
Europe’s young people are suffering disproportionately in the economic crisis and we must do more to prevent them from becoming ‘a lost generation’ – says think-tank Youth unemployment rates in some European Union countries are scandalously high. Many member states are hoping to copy the success of the German apprenticeship system. Although nations should be encouraged to … Continue reading
France / A deal with ArcelorMittal will save jobs
The French government struck a deal with ArcelorMittal (ISPA.AS) on Friday which will see the steelmaker invest 180 million euros ($234 million) in its Florange steelworks, allowing some 600 jobs at two shuttered blast furnaces to be saved. Prime Minister Jean-Marc Ayrault said the two furnaces would not be restarted for now, given weak European … Continue reading
US / Toyota / Retirement incentives offered to 2,000 employees
Toyota Motor Corp (7203.T) said on Friday it is offering retirement incentives to about 2,000 U.S. workers, or 10 percent of its employees in the country, in an effort to manage attrition of its aging work force. About 1,600 workers at the Japanese automaker’s Georgetown, Kentucky plant, or about a quarter of the work force … Continue reading
US Public Pension Funding / Aggregate underfunding of $0.895 trillion
The Milliman Public Pension Funding Study independently measures the aggregate funded status of the 100 largest U.S. public pension plans using basic actuarial principles and reported plan liabilities and assets. The aggregate accrued liability information provided has been determined on a uniform basis with respect to the interest rate assumption across all of the plans … Continue reading
North Dakota / More jobs than workers
Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state’s booming oil patch and has more jobs than takers. The company said in a statement that it plans to hire 50 workers … Continue reading
