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

Hiring in US / GSI Commerce, UPS and Amazon struggling to fill jobs to ship holiday orders.

Hundreds of holiday jobs are there for the taking around here — and employers are having trouble finding people to fill them. Major distribution companies like GSI Commerce and UPS are struggling to fill jobs to ship holiday orders. UPS still had 200 openings paying $8.50 per hour on four shifts this week, three months … Continue reading

Nigeria / Youths Shut Down Indomie Factory demanding for the industry to extend employment opportunities

For those who eat Indomie a lot, in case you find the product scarce any time from now, do not be surprised. Information filtering in has revealed that youths from five communities in Chikun local government areas have shutdown and sealed off Africa’s largest indomie factory located in Kaduna South. The factory was sealed today … Continue reading

Germany / Unemployment rises for an 8th month and adjusted jobless rate held at 6.9

German unemployment climbed for an eighth straight month in November as Europe’s debt crisis curbed company investment and economic growth. The number of people without a job increased a seasonally adjusted 5,000 to 2.94 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 16,000, the median of 37 estimates in … Continue reading

US / Birth Rate Falls to a Record Low, Worse Among Immigrants

The U.S. birth rate dipped in 2011 to the lowest ever recorded, led by a plunge in births to immigrant women since the onset of the Great Recession. The overall U.S. birth rate, which is the annual number of births per 1,000 women in the prime childbearing ages of 15 to 44, declined 8% from … Continue reading

Canada / Royal Bank to hire at least 700 in Québec

The Royal Bank of Canada (RBC) plans to hire at least 700 new employees in its various activities in Quebec next year. -*- Forte de bons résultats malgré la morosité économique, la Banque Royale entend poursuivre ses investissements en personnel et en succursales au Québec afin, dit-elle, d’y renforcer ses parts de marché et d’améliorer … Continue reading

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