Job Market Monitor
Michel Cournoyer
Alps Electric / 3,000 Jobs Cuts
Alps Electric Co. (6770), a Japanese electronics supplier for carmakers and Apple Inc. (AAPL) jumped the most in more than 22 months after announcing it will cut 3,000 jobs worldwide to help stem losses… “The job cuts are aimed at improving profitability,” Satoshi Yamamoto, a company spokesman said by phone today. The reductions will be … Continue reading
Time / Around 500 Jobs Cut
Time Inc. began a widely anticipated round of layoffs on Wednesday. The Wall Street Journal said that around 500 people will be cut from the world’s largest magazine company — home to Time, Sports Illustrated and People, among others. That means that the roughly 8,000-strong workforce would be cut by about 6 percent. Choosen excerpts … Continue reading
Northern Europe / Nordea / To cut as many as 940 more jobs
Nordea Bank CEO Christian Clausen signalled on Wednesday he still needs to cut as many as 940 more jobs at Scandinavia’s biggest lender to reach a goal of lowering headcount at least 10%. “We have reduced our staff by 8%, we have come far,” Mr Clausen said in an interview, after the company said in … Continue reading
Odd Jobs / Nancy Rica Schiff’s photographs
There aren’t many people who begin their working lives with a burning desire to become a professional odour judge or a diver for golf balls. Some might not even believe that job titles such as dinosaur duster or dog food tester have ever graced a CV. But an American photographer, Nancy Rica Schiff, has endeavoured to … Continue reading
UK / Rolls-Royce: Nearly 400 workers at risk
Aerospace firm Rolls-Royce has said it is in consultation with unions over job cuts at one of its plants, after a trade union said nearly 400 workers are at risk. Unite reported earlier today that Rolls-Royce had sent an internal memo to its staff to detail its proposals. The plan puts 378 jobs at risk … Continue reading
US / Blockbuster to shed thousands of jobs
ideo rental business Blockbuster plans to close hundreds of stores in the coming weeks and expects to shed thousands of jobs, the company said Tuesday. Blockbuster, which was bought by Dish Network (DISH, Fortune 500) in 2010 after going bankrupt, plans to close about 300 stores and cut about 3,000 jobs, said Dish spokesman John … Continue reading
Quebec / New Davie Yard: More than 500 employees being hired by July
Davie Canada Shipyard’s new owners are preparing to relaunch the Quebec City area’s idled shipbuilding operations, hiring the first 100 employees next month to build three vessels for maiden customer Cecon. The company said Tuesday it has been working hard since the Nov. 15 acquisition to restart operations as “quickly as possible,” leading to more … Continue reading
Taiwan / Brain Drain to Continue
Taiwan could continue to face workforce mobility and skill shortages in 2013 as a majority of Taiwanese employers expect to lose talent, especially to China, a United Kingdom-based recruitment consultancy said Tuesday. Over two-thirds of the employers participating in a survey on domestic pay levels and employment said they anticipate their employees will look for … Continue reading
Indonesia / 47 Firms out of 941 Exempted From Minimum Wage Rise
Forty-seven companies are exempt from having to pay their employees the new minimum wage, Manpower Minister Muhaimin Iskandar said on Monday. Speaking at a hearing at the House of Representatives, Muhaimin said the 47 firms, out of 941 who asked for an exemption, were the only ones to have been approved. He added that many … Continue reading
UK / Blackburn with Darwen Council to cut 500 jobs
Blackburn with Darwen Council – The “painful” cuts package is to fill a funding gap of up to £30m – about 20% of the total council budget. Other potential cost-saving measures include reduced library opening hours, less grass cutting and street cleaning and stopping school clothing grants. The latest measures come on the back of savings totalling … Continue reading
Europe / Toward a Financial transactions tax
EU finance ministers have given the green light for 11 eurozone members, including France and Germany, to ready a new tax on financial transactions. The approval under “enhanced co-operation” rules allows the smaller group to pioneer the tax. Governments previously failed to agree to impose the tax across the entire 27-member EU or 17-member eurozone. … Continue reading
NXP to layoff 700 to 900
NXP Semiconductors is planning to start a reorganisation process to reduce cost of support services, as a line in this, 700 to 900 jobs hang loose. The majority of the cuts will take place in Europe, although the US and Asia will also see some cuts, reports Tweakers.net The number of layoffs is still uncertain … Continue reading
23 % of Job candidates pulling out of hiring process
Shortlisted job candidates who pull out of the hiring process are hurting company productivity, according to a survey by global talent solutions company, Hudson. Twenty three per cent of the respondents withdrew from the recruitment process, while about a quarter were willing to reject job offers after they had signed on the dotted line. Hudson … Continue reading
Singapore / Young workers are saving more
Contrary to popular belief that young Singapore workers spend more than they save, a survey has found that they save more than their older peers. According to a survey by career builder, JobsCentral Group, 46 per cent of workers who are between 21 and 30 years old said they save more than 20 per cent … Continue reading
Canada / 5.0 unemployed people for every job vacancy
There were 268,000 job vacancies among Canadian businesses in October, compared with 254,000 vacancies in October 2011. There were 5.0 unemployed people for every job vacancy, down slightly from 5.3 one year earlier. The national job vacancy rate was 1.8% in October, unchanged from 12 months earlier. Source: via The Daily — Job vacancies, three-month average ending in October 2012.
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