Economy

This tag is associated with 2186 posts

Unemployment in Germany in January 2015 – At Record Low

Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the … Continue reading

Tesco – UK’s biggest retailer to cut thousands jobs

Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer.  Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading

Oil Prices – Dampening the recruitment activity but hiring has not stopped

The recent decline in oil prices has led to a “softening” of recruitment in the region’s oil and gas sector, but there are still employment opportunities available in the UAE for those seeking new positions, experts told Gulf News.  Overall, demand for new employees is still on the rise in the UAE, with nine out … Continue reading

Canada – Revisions show bigger job losses in December

Statistics Canada on Wednesday revised its December employment data to show a bigger loss of 11,300 jobs from a previously reported decline of 4,300, with a gain in full-time positions cut to 35,000 from 53,500.  Part-time job losses improved to 46,300 from a loss of 57,700 that was previously reported Jan. 9. The national unemployment … Continue reading

The Euro in Southern Europe – Human sacrifice to save the political project Nigel Farage says

One thing I know for certain is that this year the EU elite will go on forcing the peoples of  southern Europe to suffer in the name of the euro. No matter how much the Greeks, Italians, Portuguese, Spanish and French suffer, the elite in Brussels, Frankfurt and Berlin will go on telling them that … Continue reading

Sony Mobile – To cut 1,000 jobs

Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported.  The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony’s mobile division workforce will shrink by about 30 … Continue reading

Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost

The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading

Tim Hortons – Planning ‘significant’ layoffs

Tim Hortons is set to lay off a “significant” number of employees of its head and regional offices next week, according to sources.  The layoffs, anticipated to some degree since Burger King finalized its merger with the country’s biggest coffee and baked good chain last month, could come as early as Tuesday, sources familiar with … Continue reading

IBM dismisses report of massive layoffs

IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26% of its workforce, which would represent its biggest-ever layoffs. via IBM dismisses Forbes report of massive layoffs | News | Tech | Toronto Sun. Related Post Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs … Continue reading

Deere – To cut more than 900 jobs

Deere & Co (DE.N), the world’s largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery.  The layoffs, which represent about 3 percent of Deere’s workforce … Continue reading

Photographers – Sports Illustrated laid off all

Can news organizations survive without photographers on staff? That question jolted the media world Friday after Sports Illustrated laid off its entire roster. Photographers haven’t been hit with a layoff of that scale since The Chicago Sun-Times cut its entire 28-person photo staff in 2013. The newspaper said it would use freelance photographers and ask … Continue reading

Unemployment Insurance in US – Cut in benefit duration accounted for about 61 percent of the aggregate employment growth in 2014 NBER’s study finds

Our objective in this paper is to assess the effect of unemployment benefit extensions on employment. Measuring the magnitude of this effect is manifestly important for understanding the economic consequences of this widely used policy instrument. Yet, the existing literature provides little information on the size, let alone the sign of this effect. In the … Continue reading

Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs

IBM is set to announce the largest round of corporate layoffs in history, culling 26 percent of its worldwide staff, or more than 111,000 people, beginning as early as this week, according to a report. The cuts are part of a reorganisation plan called “Project Chrome” that has been rumoured for several weeks, and which … Continue reading

The long-term employment challenge – The productivity solution

Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading

Crude oil’s collapse will cost 9,000 jobs at Schlumberger

Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer. The cuts — nearly 8% of Schlumberger’s 120,000 workers, were announced Thursday “to better align with anticipated activity levels for 2015,” the company said. Chosen excerpts by Job Market Monitor. Read … Continue reading

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