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Qantas – 164 jobs cut with engine plant closing
Qantas and its airline partner Lufthansa have confirmed that the decision to close their engine plant at Tullamarine will mean the loss of 164 airline maintenance jobs. The union which covers many of the employees, the Australian Workers Union, says it hopes it can save the plant along with the jobs. The Qantas engines which … Continue reading
India – More hands on offer but not skills
In 2006, a World Bank report on skill development and vocational training in India spelt it out for all – “The relative supply of workers with technical/vocational skills has declined. This may be due to the fact that workers with technical/vocational qualifications do not have the skills that meet the labour market needs – often … Continue reading
India – Only 25% graduates have employability skills
Voicing concern over lack of employability skills among graduates, Minister of State for HRD and External Affairs E Ahamed said that only 25 per cent of them are employable. “Of late, employability of graduates coming out of our educational system is becoming a matter of great concern. I am told only 25 per cent of … Continue reading
India – Employability – A disconnect between what the industry needs and what the students learn
Puneet Mishra, director of Ambition Institute of Technology in Varanasi, is a worried man. He is concerned that a majority of engineering graduates in India are not employable. There is a disconnect between what the industry needs and what the students learn, he said, as the curricula are not upgraded frequently enough to match the … Continue reading
Native American joblessness – A slow genocide
The dire social and material statistics of Native America – on some reservations the suicide rate is the highest in the Western Hemisphere (particularly among teenagers), and there are greatly elevated levels of alcoholism, drug use, diabetes, tuberculosis, and domestic violence – coincide with crushing joblessness. The problems of Indian America cannot be effectively solved … Continue reading
House GOP Regulatory Reform Bill: new regulations are suspended until unemployment reaches 94 percent ?
The House Republican regulatory reform bill contains an embarrassing typo, mistaking “employment” for “unemployment.” The “Red Tape Reduction and Small Business Job Creation Act” calls for a moratorium on “significant regulatory action” as soon as the legislation is enacted. The argument by Republicans is that government regulations burden job creation and growth and should therefore … Continue reading
Florida – Jobless unemployment payments state’s error rate climbed from 4.5 percent to 8.4 percent
From 2008 to 2011, as officials struggled to handle Florida’s ballooning jobless rate, the state overpaid unemployment recipients by $486 million, according to a new analysis by the U.S. Department of Labor. During the same time, the state’s error rate — which includes underpayments and overpayments — climbed from 4.5 percent to 8.4 percent. The … Continue reading
President Obama – We tried that and it didn’t work: Hum…
Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes. “We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan … Continue reading
UK back in Recession – Significant economic contraction of 0.7pc
The figures from the Office for National Statistics are much worse than forecasts for a 0.2pc contraction. It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years. The economy shrank by 0.3pc in the first quarter of the year, following a 0.4pc contraction in the … Continue reading
Canada – 74% believe older job applicants are discriminated against
Nearly three-quarters of Canadians believe workplaces are shunning older job applicants based solely on their age, a worrisome finding given labour force trends in Canada.In a survey conducted by Ipsos Reid exclusively for Postmedia News, 74 per cent of those asked either “strongly” or “somewhat” agreed that employers discriminate against older people looking for jobs. … Continue reading
US – One in 10 employers would drop health benefits
About one in 10 employers plans to end workers’ health insurance as the new healthcare law takes effect, according to a new study. The finding could bolster opponents of the law, who argue that its changes to the healthcare system will force workers out of insurance plans they like. Supporters of the law say most … Continue reading
The Great Recession other side of the coin: 170,000 small businesses gone in two years
The nation lost more than 170,000 small businesses during the first two years of the recession, according to an On Numbers analysis of newly released federal data. A total of 6.79 million small businesses operated within the nation’s 938 metropolitan and micropolitan areas in 2010, the latest year for which official statistics are available. That … Continue reading
France – Hollande to host Miliband on youth unemployment
Labour leader Ed Miliband will become the first senior British politician to visit French president François Hollande at the Élysée Palace on Tuesday, when tackling youth unemployment will top the agenda. Hollande made his first presidential visit to the UK earlier this month, meeting David Cameron for talks following his election victory in May … Continue reading
4 Big Banks to Begin New Layoffs
Here are big banks that are or could be planning big layoffs. Bank of America (NYSE:BAC): On Wednesday, BofA announced its intention to cut costs by $3 billion annually in its investment-banking, commercial-banking and wealth-management units. These cuts will happen by 2015. Goldman Sachs (NYSE:GS): The mega bank also announced Wednesday its plans to cut … Continue reading
Illinois child welfare agency starts layoffs: 375 jobs plus 250 administrative positions
Hurt by deep budget cuts, Illinois’ child welfare agency began a round of layoffs Friday that will cut hundreds of jobs and “greatly reduce” its efforts to prevent neglect and abuse. The Department of Children and Family Services must find ways to absorb nearly $86 billion in budget cuts, a reduction of 6.8 percent. Spokesman … Continue reading
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