Citing a shortage of customers for its solar panel products, Siliken Canada has laid off 40 workers from its Windsor manufacturing plant. The move is only the latest blow to the region’s fledgling solar industry. Siliken general manager Paco Caudet said the situation is “no different than in any other manufacturing sector.” “When you have … Continue reading
Recent hiring has slowed down, according to a report released Wednesday on private employment in April. Private-sector employment increased 119,000 on the month, led by the service-providing sector and small and medium businesses, according to payrolls-processor Automatic Data Processing Inc. The April gain is down from monthly employment increases of about 200,000 averaged over the … Continue reading
Earlier this month, polling agency Gallup released its 2011 global unemployment statistics for 148 countries. Of the nations Gallup surveyed, nine had unemployment rates below 5%. The majority are in Asia, with the remainder in central or eastern Europe. 24/7 Wall St. reviewed these nine countries to determine the underlying causes of their extremely low … Continue reading
Italy’s unemployment rate increased for the seventh consecutive month in March to its highest level in at least nine years, data released by the statistical office ISTAT revealed Wednesday. The seasonally adjusted jobless rate rose to 9.8 percent from February’s 9.6 percent, which was upwardly revised from the 9.3 percent reported earlier. The latest jobless … Continue reading
As Euro area unemployment hits record high, Germany’s unemployment rate fell to 7.0 percent last month with less than 3 million registered as jobless — the best April value in 20 years, official figures showed Thursday. Germany’s labor agency says the country’s unemployment rate slipped from 7.2 percent in March thanks to the continuing traditional springtime … Continue reading
Europe’s Unemployment statistics – March 2012 – Euro area unemployment rate at 10.9%, EU27 at 10.2% The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011. Eurostat estimates that 24.772 million men … Continue reading
A LATROBE Valley company owned by brown-coal generator HRL has warned that the carbon tax will force it to close, with the loss of 200 jobs, unless the Gillard government injects enough compensation to keep the company alive. With the government poised to release details of various taxpayer-funded assistance for industry, HRL subsidiary Industrial Energy … Continue reading
Bank of America Corp. (BAC), the second- largest U.S. lender, plans to cut more than 300 jobs from corporate and investment banking and trading units run by Thomas K. Montag as underperformers are culled from its ranks, according to a person briefed on the matter. The firm will target workers on desks where business has … Continue reading
3 Out of 10 Companies In Costa Rica Unable To Hire Suitable People About 30% of Costa Rican employers say they have difficulty in finding suitable people for the jobs they have available. The figure was released by Manpower in Costa Rica. According to the date, human capital with high job skills is one of … Continue reading
Hyundai Motor Co. plans to hire 877 more workers to add a third shift at its Montgomery, Alabama, assembly plant so it can crank out more Sonata midsize cars and Elantra compacts. The Korean automaker said Monday the hiring will take place during the summer, with the plant transitioning to the third shift in September. … Continue reading
Labour supply is the number-two concern of companies surveyed by Calgary Economic Development, says President and CEO Bruce Graham. Their number-one concern is the jittery world economy, but that’s a fret for the global pace of business that drives oil prices, rather than for the local economy. What business leaders most want is help to … Continue reading
In a recent survey, Gaby Atfield and Kate Purcell found in Futuretrack Stage 3 Working Paper 4: The fit between graduate labour market supply and demand that graduates who were studying vocational subjects were most likely to believe that the subject they had studied would be an advantage in looking for employment. Sixty per cent of respondents studying subjects allied to … Continue reading
LM Wind Power Holding A/S, a maker of turbine blades for companies including Vestas Wind Systems A/S (VWS), said profit fell 41 percent last year when it cut 180 jobs making 3 percent of its staff and that it expects demand to weaken. Earnings before interest, taxes, depreciation and amortization fell to 73.9 million euros … Continue reading
“Fifty-nine percent of workers who were laid off from full-time jobs in the last year reported they found new positions, up from 55 percent last year.” according to CareerBuilder Survey. Majority of Workers Finding Jobs in New Fields 60 percent of workers in the 2011 survey took jobs in different fields vs 48 percent last … Continue reading