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Australia / Vocational Education / 25 TAFE campuses will be closed
At least 25 TAFE campuses will be closed in Queensland and more could follow under reforms to the vocational education and training sector. Education Minister John Paul Langbroek has accepted 37 out of 40 recommendations in a taskforce report handed down earlier this month, while the other three have received in-principle support. One of the … Continue reading
Manchester / Up to 900 more jobs to go
Manchester City Council has confirmed up to 900 jobs could be cut as the authority tries to make savings of about £80m over the next two years. The city has seen its budget cut by almost £170m since its government funding was reduced last year. Two-thousand posts have already been lost through budget cuts. The … Continue reading
Barclays / 3,500 jobs could be cut
Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank’s culture in the wake of the financial crisis. The future shape and size of the investment bank is seen as the most critical part … Continue reading
Europe / Unemployment continues to rise, reaching 11.7%, and 55,9% of youth in Spain
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU27 unemployment rate was 10.7% in October 2012, up from 10.6% in September. In both zones, rates have risen markedly compared with October 2011, when they were 10.4% and 9.9% respectively. Eurostat estimates that 25.913 million men and women in the … Continue reading
Siemens / To Cut 4,700 More at Osram
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focused primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal … Continue reading
Texas Instruments / Notification of workers has begun
Texas Instruments yesterday began notifying employees about layoffs that were announced two weeks ago as the company exits the wireless mobile market, according to a letter the company sent to the Texas Workforce Commission. The Dallas-based chipmaker plans to cut 1,700 jobs, or about 5 percent of its workforce, over the next year. That includes … Continue reading
Pakistan / Promotion of technical education stressed to secure the future of youth
Participants at a dialogue stressed the need for promotion of Technical and Vocational Education Training (TVET) to secure the future of youth and enable Pakistan to take advantage of its growing youth population. This was the crux of a day-long session entitled ‘Dialogue on Skill Development’ political priority for developing the future generation, jointly organized … Continue reading
Job Search Tool / Gradspring is for recent college graduates
College graduates have come to understand the stress and competitiveness of the job market all too well, and bridging the gap between college grads and companies has become a job in itself. Gradspring, an online job board and career resource for new graduates, might be the solution for students seeking post-graduation employment. More than 3,000 … Continue reading
Ontario / Ford offers jobs to laid off workers
Laid off Ford workers in Windsor and St. Thomas have until Dec. 14 to decide whether to apply for close to 400 jobs that will be opening up early next year at the automaker’s operation in Oakville, Chris Taylor, president of CAW Local 200, said Thursday. As part of the a preferential hiring program, Ford … Continue reading
NY / Hundreds of workers at dozens of fast-food chain stores are walking out on strike
The term “McJob” has come to epitomize all that’s wrong with the low-wage service industry jobs that are growing part of the U.S economy. “It beats flipping burgers,” the cliché goes, because no matter what your job might be, it’s assumed to be better than working in a fast-food restaurant. Today in New York City, … Continue reading
Women in US – America has a “leaky” talent pipeline
“Women have been a growing factor in the success of the U.S. economy since the 1970s. Indeed, the additional productive power of women entering the work force from 1970 until today accounts for about a quarter of current gross domestic product (GDP). Still, the full potential of women in the work force has yet to … Continue reading
Unemployment Rates / US: Education still matters
Unemployment does not strike indiscriminately. Education, and with it, skills and competencies make a huge difference. Last october, the unemployment rate for 25 years and older (seasonally adjusted) in the United States was more than three times lower among peoples with Bachelor’s degree and higher (3.8%) than among those who have not completed high school … Continue reading
The Inequality Challenge
High levels of inequality have become a subject of intense debate, particularly in the United States, where inequality has risen sharply over the past 30 years. The rise in inequality in most advanced countries and in many developing countries should be analyzed in the context of other big changes that have affected the global economy … Continue reading
UK / Job preservation better than in past recessions
The UK labour market has done far better than in past recessions in terms of preserving jobs. Does that mean it has been a triumph for the so-called “Anglo-social” model, partway between the liberal US system and more regulated continental European markets? Not quite. Taking the good and bad sides of Britain’s experience, it has … Continue reading
Job Search / Help (and a friend) wanted
Chances are, you’ll never see a job listing like this: Help (and friend) wanted — Must share common interests and be fun to spend time with. But a research paper released Thursday finds that when it comes to choosing job candidates, employers place a heavy emphasis on finding people who are similar to them, and whose company they … Continue reading
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