Business

This tag is associated with 1545 posts

Global Supply Chains – Jobs shrink ILO finds

Global supply chains (GSCs)* developed at a fast rate over the last two decades and the number of jobs associated with them grew rapidly from the late 1990s until the financial crisis, reaching almost 500 million by 2007. But after a sharp drop in 2009, GSC-related jobs have only recovered modestly and their share of … Continue reading

Renewable Energy Industry Jobs – More than 7.7 million people worldwide

More than 7.7 million people worldwide are now employed by the renewable energy industry, according to a new report released today by the International Renewable Energy Agency (IRENA). This is an 18 per cent increase from last year’s figure of 6.5 million. The report, Renewable Energy and Jobs – Annual Review 2015, also provides a … Continue reading

Rolls-Royce – to cut 600 jobs in marine unit

British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits.  Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and … Continue reading

Bombardier – 1,750 job cuts, 1,000 in Montreal and another 480 in Toronto

Bombardier Business Aircraft has announced it is cutting 1,750 jobs, including 1,000 in Montreal and another 480 in Toronto. The Montreal-based company said that current economic conditions and political turmoil in Russia, China, and Latin America have impacted the entire industry and has meant the company has had to reduce its production of its Global … Continue reading

Areva – To cut between 5,000 and 6,000 jobs, between 3,000 and 4,000 in France

Beleaguered French nuclear engineering firm Areva SA plans to reduce its global payroll by between 5,000 and 6,000 jobs as part of a cost-cutting effort after years of losses.  The largely government-owned company has opened talks with labor unions to find ways to cut its payroll through voluntary departures, Areva’s head of human resources François … Continue reading

Siemens – To cut 4,500 jobs

Siemens reported Thursday it would need to cut a further 4,500 jobs as part of its global restructuring effort, with a view to making the company more competitive and profitable. It said 2,200 jobs would have to be slashed in Germany.  Siemens noted on its website this morning that the move was primarily aimed at … Continue reading

Dow Chemical – To cut up to 1,750 jobs

Dow Chemical Co.  said Monday it would cut between 1,500 and 1,750 jobs, or about 3% of the global workforce, as part of a restructuring aimed at cutting costs by $300 million a year. Chosen excerpts by Job Market Monitor. Read the whole story at  Dow Chemical to cut up to 1,750 jobs as part of cost-cutting … Continue reading

Hispanic in US – Will account for over 40% for the increase in overall employment

The US economy is nearing a period when labor force growth will slow sharply as an ever larger proportion of the Baby Boomer generation retires. During this time, Hispanic employment will continue to show strong growth, even under conservative assumptions about Hispanic immigration. This report presents the results of projections of future US labor force … Continue reading

GM at Oshawa – To cut 1,000 jobs

General Motors expects to cut around 1,000 jobs at its Oshawa manufacturing plant by this November, the automaker said Thursday.  The union representing the workers said it has been bracing for the cuts since 2012, when GM first announced it will move Chevrolet Camaro production from Oshawa to Michigan. But a heads-up doesn’t make bad … Continue reading

Bell Helicopter – To cut 1,100 jobs but still hiring in new plant in Lafayette

Bell Helicopter’s decision to cut 1,100 jobs from its global workforce will not affect the company’s plans to hire 115 employees at a helicopter assembly plant now under construction at Lafayette Regional Airport, a company official said Tuesday. The job cuts at Bell were announced Tuesday, along with disappointing first-quarter financial results. David Sylvestre, director … Continue reading

The gap between HR’s aspirations and actual role persists

I’ve observed this gap in a variety of organizations, both as a consultant and as an in-house manager at several multinationals. Fundamentally, I believe, the gap arises from two complementary causes. First, executives and managers often think their job is to get financial results rather than to manage people. Second, when executives and managers neglect … Continue reading

Facebook – Increased headcount by 48%

Mark Zuckerberg is going to need to find some more pinball machines and rock-climbing walls. The social networking company, known for its many perks that make it a regular on the hottest-places-to-work lists, is increasing headcount at an incredible pace. Facebook, which reported that sales fell short of estimates, passed the 10,000-employee mark last quarter. … Continue reading

Canada – The services industry fast-growing exports is good for the job market

Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading

US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds

Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading

Sharp – To cut 6,000 jobs

Japan’s loss-making Sharp Corp (6753.T) intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday.  The job cuts will total around 6,000, half of which would come in Japan through early retirement while the rest would be … Continue reading

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