Job Market Monitor
Michel Cournoyer
France / Renault to cut 7,500 posts by 2016
Renault (RENA.PA) wants to cut 7,500 posts in France by 2016 to help boost competitiveness as its domestic and European markets continue to slump, a spokeswoman for the French carmaker said. The cuts, equivalent to 14 percent of French Renault staff, are expected to include 5,700 departures through natural turnover, the spokeswoman said on Tuesday, … Continue reading
US / 75 and older still working has skyrocketed by 76.7%
The number of workers who are 75 and older has skyrocketed by 76.7% in the past two decades, according to research by the AARP Public Policy Institute. “We are living longer, healthier lives,” says Kerry Hannon, author of Great Jobs for Everyone 50+. “And the types of work that people do is not as labor … Continue reading
Fed’s Rosengren: unemployment is well above a longer-run sustainable rate
Aggressive policy easing will remain necessary for the simple reason that levels of both U.S. unemployment and inflation are not where the Federal Reserve wants them to be, a top U.S. central bank official said on Tuesday. In a textbook argument that appeared to push back at some of his more hawkish peers, Boston Fed … Continue reading
US Job Market : Overall, an improvement
The chart below tells a familiar, but not too happy, story. Only one of the variables in the collection of employer behavior, employee and employer confidence, and labor resource utilization categories has recovered even half the gap from its prerecession benchmark. The labor resource utilization variables look particularly bad, with one variable—marginally attached workers—actually getting … Continue reading
Germany / Air Berlin: 900 job cut
Germany’s second-largest carrier, Air Berlin, has said it would cut about one-tenth of its workforce to become profitable again. The airline is in the middle of a restructuring program to reduce overall costs. Germany’s Air Berlin announced on Tuesday it would cut 900 jobs by the end of 2014 to help make the struggling carrier … Continue reading
Namibia / Starts Her Own Business and Quits Job Search
For years Apollonia Jakundeni Ndjukuma criss-crossed the country hunting for employment opportunities, wherever she could. After many years of searching her hopes of ever finding employment were starting to falter. However, when she looked at how much she had already sacrificed in order to land a job, she vowed to herself never to give up … Continue reading
Australia / PhDs Graduates struggle to find employment in their field
A report into the job prospects of Australian PhD students has found that many struggle to find employment in their field when they graduate. The students say they get stuck in the middle of being too highly educated for some jobs, but not experienced enough for senior research roles. Transcript (Audio Podcast) TONY EASTLEY: A … Continue reading
Switzerland / More Eastern Europeans looking for work
Once the eurozone crisis took hold with particular intensity in Southern Europe, more and more people are looking for work abroad. Switzerland has become an attractive destination for migrants from the East and South. Maja Majchrzak is from Poland. She has worked as a ski instructor since Christmas at the Swiss resort town St. Moritz. … Continue reading
China / The Skills Gap moves inland
Shift from coastal regions creates vacancies in central, western China China’s fast-developing economy is thirsty for talent, with skilled workers required by almost every industry. The nation’s human resources market experienced uneven development in 2012, akin to the pattern of its economic growth. Central, western and northeastern regions of the country were expected to notch … Continue reading
Great Recession Fifth Anniversary: The case of Older Workers
December 2012 marked the fifth year since the official onset of the Great Recession in December 2007 and more than three years since its official end in June 2009. What does the picture look like for Americans aged 55 and older today? More older people are in the labor force, either working or looking for … Continue reading
US / Solar Energy / Hemlock Semiconductor Laying off 400
Hemlock Semiconductor Group said on Monday it will lay off about 400 workers in Tennessee and Michigan due to a global glut of polysilicon and the threat of tariffs on its products sold in China. Hemlock is a major producer of polysilicon, the raw material used in most photovoltaic solar panels. It is a joint … Continue reading
Rwanda / Minimum Wage / Survey commissioned to set new rate
THE MINISTRY of Public Service and Labour in partnership with the National Institute of Statistics (NIS), is collecting data which will help the government determine the new minimum wage. Currently, the 1974 Labour Law is still in force. And this means the minimum wage is Rwf100 per day. With this, Trade Unions say that there … Continue reading
Netherlands seeking skilled youths in high-tech jobs
bustling high-tech region in the south of the Netherlands is doing all it can to attract Europe’s smartest youngsters. In these tough economic times, Eindhoven is turning out to be an eldorado for skilled young people looking for work. Many companies are looking for young workers with specific technical skills. That’s the case of high-tech … Continue reading
India / Tata Consultancy Services: 24,000 offers to campus placements
Tata Consultancy Services (TCS) today said it has given campus offers to 24,000 people, who will be joining the organisation in 2013-14. “We had said we would hire 25,000 from campuses in the next fiscal (2013-14). We have already rolled 24,000 offers, who will join the company starting July,” company’s Executive Vice-president and Global Head … Continue reading
Irish public service / No more ‘jobs for life’ with compulsory redundancies
THE Government is planning to bring in compulsory redundancies in the public sector as part of the new Croke Park deal. Marking an end to the concept of a job for life in the public service, it will be the first time the threat of non-voluntary redundancy will be available. The compulsory redundancies will mainly … Continue reading
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