Microsoft this morning cut an additional 3,000 jobs from its workforce around the world, saying it has now completed almost all of the 18,000 job cuts that were announced by CEO Satya Nadella in July. About 638 of the job cuts are in the Seattle region. That brings the regional total to more than 2,700 positions … Continue reading
Amid the political maneuvering, there is, happily, some serious work being done by the Kauffman Foundation and the Institute for Competitiveness & Prosperity to figure out where new jobs actually do come from. The surprising truth is that over the last twenty five years, almost all of the private sector jobs have been created by … Continue reading
The Lloyds Bank results are out this morning: Profits in the third quarter are up an impressive 41%, but Britain’s second-biggest bank is laying off 9,000 employees and closing 150 branches. via Analysts On 9,000 Layoffs By Lloyds Bank – Business Insider.
The Dutch arm of Air France-KLM (AIRF.PA) plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. The measure is expected to be announced at the release of quarterly earnings by the French-Dutch carrier on Wednesday, the Algemeen Dagblad said, citing the head of … Continue reading
Kohl’s Department Stores of Menominee Falls, Wis. announced it anticipates hiring more than 67,000 associates nationwide this holiday season to support seasonal business in stores and growth on Kohls.com. Chosen excerpts by Job Market Monitor. Read the whole story at Kohl’s plans to hire 67,000 associates this holiday season, averaging 50 per store.
Italy’s largest airline Alitalia could cut up to 1,000 jobs, according to reports this weekend by Italian news agency Adnkronos. The agency cited a document signed by the airline’s management and several unions which states the airline will cut 879 ground crew, 61 pilots and 54 air stewards. The report suggests employees with receive letters of … Continue reading
Canadian Prime Minister Stephen Harper may be losing one of his political trump cards — his record on the economy — just when he needs it most. Canada’s job growth, among the strongest in the industrialized world after the global recession, has slowed by about half one year before the country’s next election, even as … Continue reading
Since the recession ended, we’ve seen a troublingly uneven recovery, in which many of the middle-income jobs lost from 2008 to 2010 have been replaced by low-wage jobs. And fast food jobs are a large reason why, outpacing the country’s overall job growth. “Fast food is driving the bulk of the job growth at the … Continue reading
A published report Thursday said Sears Holdings is laying off about 6,000 workers as it closes 110 stores within the next few months, many before Christmas, according to Seeking Alpha, a content service for financial markets… Spokesman Howard Riefs said “the reported store count and list of closures isn’t accurate.” He specified that one of … Continue reading
Historically, and for a variety of reasons, CFIB has found entrepreneurial characteristics to be strongest in Canada’s prairie cities and the urban areas that ring large urban cores. What they have in common is ‘newness’—the prairie economies have only been developed in the past 150 years or so. Only a few generations separate today’s urban … Continue reading
New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading
Leader of European Trade Union Confederation joins major brands, including Philips and Shell, calling for ambitious climate and energy package to create jobs and support businesses. Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head … Continue reading
Swedbank, the first large Nordic bank to report third-quarter earnings, aims to cut costs to 16 billion Swedish crowns (2.23 billion US dollar) by 2016 from a projected 17.6 billion in 2014. That includes reducing staff by 600-800 employees in Sweden, around 5 percent of total staff. “The door for new recruits will essentially be … Continue reading
Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care. Household Survey Data In September, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number … Continue reading
For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading