Job Market Monitor
Michel Cournoyer
Spain / Firing Aid was scrapped on Jan. 1
The 2012 overhaul, which made it cheaper to fire workers and easier to reduce wages, extended subsidies for small companies cutting staff. The measure, which brought the cost of firing permanent workers closer to that of temporary staff, was scrapped on Jan. 1 this year. “One of the most effective provisions of the labor reform … Continue reading
KPN / To cut another 2,000 jobs
Dutch telecoms group KPN will cut up to a further 2,000 jobs after frugal consumers and stiff competition drove down quarterly revenues in its mobile division, causing profits to miss expectations. Chosen excerpts by Job Market Monitor. Read the whole story at UPDATE 2-KPN to cut more jobs as mobile revenue slides | Reuters. Related articles Europe … Continue reading
WalMart in Canada / To create 7,500 jobs
Walmart Canada is still in growth mode, with plans to spend about $500-million this year to upgrade its network and add new stores. The country’s biggest mass merchant said Tuesday it will work on 35 supercentre projects between now and next January, bringing its Canadian store count to 395 from 389. That will include 282 … Continue reading
Manufacturing Jobs in US / The debate
In 1953 manufacturing accounted for 28 percent of U.S. gross domestic product, according to the U.S. Bureau of Economic Analysis. By 1980 that had dropped to 20 percent, and it reached 12 percent in 2012. Over that time, U.S. GDP increased from $2.6 trillion to $15.5 trillion, which means that absolute manufacturing output more than tripled in 60 years. Those … Continue reading
Top 10 jobs with the highest and lowest obesity risk
The Jobs with the Highest Obesity Risk: 1. Truck drivers – 38.6 percent 2. Transportation and material moving – 37.9 percent 3. Protective services – 33.3 percent 4. Cleaning and building services – 29.5 percent 5. Health services – 28.8 percent 6. Mechanics and repairers – 28.9 percent 7. Administrative support – 27.9 percent 8. … Continue reading
Dell / 15,000 layoffs to begin this week
Dell’s expected layoff programme is expected to begin this week, and over 15,000 people may lose their jobs worldwide. Insiders speaking to the Register say that the PC giant’s restructuring operation has resulted in cuts in every department, “some of these have already been downsized and are now being told to cut 15 per cent … Continue reading
Amplats / To cut 1,400 jobs
Anglo American Platinum (LON:AAL), the world\’s largest platinum producer, warned Monday the current strike at its South African operations could force the company to cut 1,200 to 1,400 jobs this year. The miner said the planned layoffs would follow last year’s lost of 7,438 jobs, when merged five mines at its Rustenburg complex into three. … Continue reading
Novartis / To cut or transfer up to 4,000 jobs
Novartis has confimred that pharma jobs will be reallocated in 2014 in a continuation of the productivity drive that saved the firm $2.8bn (EUR2bn) last year. Swiss newspaper NZZ am Sonntag reported that Novartis was looking to cut or transfer up to 4,000 jobs – approximately 6% of its global workforce – earlier this week. … Continue reading
Skills Gap in UK / Rise in job vacancies, but skills shortages accelerate says UKCES
A sharp rise in skills shortages could be holding back the UK’s economic recovery, according to new research published today (30 January). The report from the government’s skills experts, the UK Commission for Employment and Skills, finds that the number of job vacancies in England has returned to pre-recession levels. However, so-called “skills shortage vacancies” … Continue reading
Job Search / Unconventional Resumes
To combat that, many job seekers with coding and design experience go to extreme creative lengths to stand out and demonstrate their skills in a tangible way. From designing a personal Amazon page complete with reviews to making a candy bar wrapper to showcase job skills, here are some of the most creative resumes we’ve … Continue reading
Older Workers in Australia / Pushed out of jobs says Age Discrimination Commissioner
YOUNGER bosses who nag older workers to take redundancies, tell them they\’re too old to receive training or deny them promotion are forcing thousands into early retirement. By also refusing to hire older workers they are adding to the nation’s ballooning health and welfare costs by pushing otherwise productive people on to the aged or … Continue reading
Leucadia / To cut 1,300 California Jobs
Leucadia National Corp. (LUK:US), the investment firm run by Richard Handler, plans to shut a beef-processing facility with 1,300 workers, citing poor performance. The closure in Brawley, California, will result in an impairment of a “substantial portion” of the $93 million in long-lived assets at the plant as of Sept. 30, the company said today … Continue reading
Skills Gap in India / Who will pay for workforce development ?
The National Skill Development Mission is an ambitious project of skilling 500 million youth and making them employable by 2022. The recent STAR scheme launched by the National Skill Development Corporation (NSDC), under the Union Government has earmarked ₹10,000 as the expected cost of a single skill intervention. If we juxtapose these facts, India needs … Continue reading
Biden and the Skills Gap in US / 47 overlapping programs in 2009 says GOP
More than 10 million Americans are jobless, but about 4 million jobs were unfilled at the end of November, according to the Bureau of Labor Statistics. Many economists and industry experts attribute the disparity to a gap between workers\’ skills and the skills employers need. “There are plenty of jobs out there, and there’s a … Continue reading
Pension in UK / Introduce a ‘collective defined contribution’ plan says a report
Reform is underway to encourage people to work for longer and to save into a pension. However, contributing at the rates required by auto-enrolment across a full working life will give the current generation of employees a less than 50:50 chance of a decent income in retirement. New pension products and strategies are urgently needed … Continue reading
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