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UK / Network Rail to cut 4,000 jobs
Network Rail has unveiled huge investment plans to develop the UK’s railway infrastructure between 2014 and 2019, involving the centralisation of its signalling operations to save millions of pounds and drastically reduce its frontline workforce over the next fifteen years. The mammoth Strategic Business Plan for England and Wales places heavy emphasis on the role … Continue reading
Australia / Job vacancies plunge at its lowest in 30 months
AUSTRALIA’S supply of vacant jobs is dwindling, making it harder to find work than it has been in years. New results from the only comprehensive national survey of vacancies show they have slid 8 per cent in the past year, undoing most of the gains since the global financial crisis. Australia had only 166,000 vacant … Continue reading
UK / Amazon / 100 jobs created in London’s ‘Silicon Roundabout’
Internet retailer Amazon is to create a further 100 jobs at its new digital media development centre in London. The site opened last September in the Old Street area and concentrates on the design and development of new digital media projects. Teams working at Amazon-owned firms Pushbutton and Lovefilm are also based there. Making the … Continue reading
US / Married adults who raise children are 56 percent more likely to be poor
Most parents with below-poverty incomes who are raising minor children are married. according to Married … without Means Poverty and Economic Hardship Among Married Americans by Shawn Fremstad The failure of many policy elites to recognize the extent of marital poverty covers up the profound economic struggles of millions of married parents. The paper concludes that to reduce … Continue reading
UBS / Another 2,000 to 3,000 job cuts ?
SWISS banking giant UBS may be facing another 2,000 to 3,000 job cuts as it slashes its capital- intensive businesses, according to Deutsche Bank. Choosen excerpts by Job Market Monitor from via UBS faces jobs cull – News, Frontpage – Herald.ie.
India / Five Twitters to end your job search
Here are five Indian Twitter accounts that will help you get the job exactly what you are looking for: 1.OptimusGuru 2.Minglebox 3.SarkariJobs4all 4.CJ-India 5.eBharatJobs Choosen excerpts by Job Market Monitor from via Five Indian Twitter accounts to end your job search – daily.bhaskar.com.
Hamilton Entertainment and Convention / Jobs for more than 800 staff still uncertain
There’s still uncertainty among HECFI’s more than 800 staff over what will happen to their jobs when Copps Coliseum, Hamilton Place and the convention centre change hands, a move that could happen as soon as March 1. Hamilton Entertainment and Convention Facilities Inc. has 52 full-time and about 800 part-time employees. All are nervous about … Continue reading
Pentagon / Civilian defense workers at risk of layoffs by thousands
The 113th Congress‘ most pressing defense-related concern will be the military’s budget, despite the previous Congress having averted the so-called “fiscal cliff.” Come March 1, automatic spending cuts will begin slicing $500 billion from the Pentagon’s budget over the next 10 years — and prompting layoffs for as many as 800,000 civilian Defense Department workers. … Continue reading
Thailand / Minimum wage: fierce criticism
The Thai government, known for its string of populist policies including rice and fuel subsidies, is delighting working class voters (those with a job, anyway) with the introduction of a national minimum wage, which kicked in on January 1. The policy has already triggered fierce criticism in business circles and reports of job losses, particularly … Continue reading
Rwanda: Unemployment Would Be 1%
Last week, more than a thousand people flocked to the second edition of the Rwanda Job Day, a fair which gave the opportunity to those looking for work to meet potential employers. Most of them were higher education graduates, and it is also fair to assume that the majority came from the Kigali area. In … Continue reading
US / Youth Unemployment among Young African American: 22.1 percent
U.S. employers added 155,000 jobs in December and the unemployment rate held steady at 7.8%. However, the jobs outlook for young people especially young black teens is bleak. According to Generation Opportunity, which charts unemployment for Millennials aged 18-29, the general jobless rate for teens is 11.5 percent and a shocking 22.1 percent for younger … Continue reading
US / Women’s unemployment higher than men’s for first time in more than six years
For the first time in more than six years, the unemployment rate for adult women (those over age 20), seasonally adjusted, has surpassed that for adult men. This reversal was first noted by Joan Entmacher, vice president for family economic security at the National Women’s Law Center. During the recession, men had borne the brunt … Continue reading
UK / Immigration / Should a fall in immigration be cheered?
“Britain is home to the greatest workforce in Europe. The Poles,” runs a favourite joke of comedian Jimmy Carr. But while immigration might make a good punchline, for many businesses the economic implications of who moves where have a clear effect on the bottom line. Britain has a record of welcoming immigrants, from M&S co-founder … Continue reading
US / Millennial / 2013 Outlook Grim
The latest jobs report doesn’t hold much promise for millennials looking for work. The overall unemployment rate for 18 to 29-year olds in December was 11.5 percent, according to the national, non-partisan organization Generation Opportunity, which analyzes the data specifically for that age range. David Pasch, Generation Opportunity’s Director of Communications, told HuffPost Live Monday … Continue reading
US / MBA / Hard Times and Smaller Paycheck
Like many students, Steve Vonderweidt hoped that a master’s degree in business administration would open doors to a new job with a higher paycheck. Soaring tuition costs, a weak labor market and a glut of recent graduates are upending the notion that M.B.A.s and other professional degrees are a sure ticket to financial success. WSJ’s … Continue reading
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