Job Market Monitor
Michel Cournoyer
UK / Honda workers get redundancy letters
YESTERDAY was described as a dark day for Swindon, after letters went out to employees of Honda informing them they have been provisionally selected for compulsory redundancy. It is believed that more than 100 letters have gone out to indirect staff – those who don’t work on the production line – and the mood at … Continue reading
UK / Supermarket Asda to create 2,500
Supermarket giant Asda has revealed plans to make a £700m investment into its operations in a move expected to create 2,500 jobs. The investments include a new same-day delivery service for food orders, plus an injection of capital into its stores and supply chain. It comes as the Leeds-headquartered retailer, which is Yorkshire’s biggest company, … Continue reading
Australia / Mining / Newcrest axes jobs
Australia’s mining sector is facing more job losses and a halt on investment after Newcrest Mining flagged cuts to its workforce. After last week’s dramas when the gold price plummeted at record rates to two-year lows, Newcrest revealed a sharp nearly one-third jump in its costs from a year ago. The company, Australia’s largest goldminer … Continue reading
Mining / A Skills Gap for a not so much ‘dirty’ work
Canada’s resource sector is facing a skilled labour shortage due to an aging workforce and a scarcity of new skilled workers. In the next five to 10 years, it’s estimated the global mining industry will need well over 55,000 new workers to meet demand. In B.C. alone, according to the Mining Association of B.C., the … Continue reading
Oil and Gas / ACareerJob Addresses the Skills Workers
Jobs in the offshore oil and gas industry are outpacing the availability of skilled workers to fill them. To help bridge the gap, ACareerJob will put its innovative job recruiting and video resume app in front of more than 50,000 oil and gas industry professionals next week at the Offshore Technology Conference. The ACareerJob job … Continue reading
India / 11.3% average pay hike expected in 2013
India Inc is expected to offer average salary increments of 11.3 per cent this fiscal and those working in sectors like pharmaceuticals, healthcare and life sciences are expected to get a hike of 13.1 per cent, a Deloitte survey says. According to the survey conducted by Deloitte India, Human Capital Advisory Services (HCAS), a part … Continue reading
Imtech / 1,300 jobs cut
Imtech (IMUN.AS) said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company. Total costs related to financial irregularities still being investigated in Germany and Poland rose by 70 million to 370 million … Continue reading
Tennessee / State closing 34 career centers
About 125 employees of the state Department of Labor and Workforce Development have been told their jobs are being eliminated and career job services will no longer be provided at 34 locations across the state. Jeff Hentschel, spokesman for the agency, said most of the affected employees were told of the layoffs in a meeting … Continue reading
The Impact of Wealth on Health Behaviors: a research paper
‘Unhealthy lifestyles and unhealthy consumption are more prevalent among the poor, and account for a large fraction of the substantial socioeconomic disparities in health’ write Hans van Kippersluis and Titus J. Galama in Why the Rich Drink More but Smoke Less: The Impact of Wealth on Health Behaviors on rand.org. (Adapted excerpts by Job Market Monitor to follow) The paper … Continue reading
US / High School Dropouts are Biggest Entrepreneurs
Among America’s most celebrated entrepreneurs are college dropouts like Mark Zuckerberg, Bill Gates, Steve Jobs and Michael Dell. But as it turns out, the country’s most frequent business founders are dropouts of a different kind: They dropped out of high school. That’s according to the latest numbers from the Kauffman Index of Entrepreneurial Activity, as … Continue reading
US / Productivity and Employment: an enlarging Gap
Up until about 15 years ago, you could have nicely employed this picture against your Luddite friends who complain about productivity killing jobs. Until then, the two lines largely grew together. Yes, we were more productive, but growth resulted in higher demand that fed back into the economy’s job-creation function in ways that boosted job … Continue reading
Spain / Population falls
Spain’s official population fell last year for the first time since records began as immigrants fled a five-year on-and-off recession that has sent unemployment soaring. The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday, a figure entirely accounted for by the fall in the number of registered … Continue reading
Gen Y / Looking for flexibility over financial reward
Generation Y would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards, a study published by PwC has found. The PwC NextGen survey of 44,000 workers, in conjunction with the London Business School and the University of Southern California, reveals Generation Y are more likely to stay in a job … Continue reading
Recession and Gender / Women worry more about bills
Women are hit hardest by the financial squeeze and worry more than men about paying the bills. They spend almost 11 hours a month thinking about money problems while men ponder for only 9½ hours, says to a new study by consumer champions Which? Women also feel less optimistic about their finances and the wider … Continue reading
US / The Top 20% Own 72%; The Bottom 20%, 3%
The growing disparity in wealth made the great recession worse and the recovery weaker than ever before. This nation’s wealth disparity widened more than ever before over the last five years because of the steep decline in the value of residential homes and stagnant wages for the lower and middle income groups in the U.S., … Continue reading
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