Job Market Monitor
Michel Cournoyer
Aaerospace / Parametric Solutions: adding jobs
Parametric Solutions will make a job-creation announcement on Wednesday, the Governor’s Office said. The Jupiter-based aerospace and aviation product developer added 50 engineering jobs in 2011, according to the Business Development Board of Palm Beach County. Jobs currently listed on the company’s website include a gas turbine design engineer, instrumentation engineer, propulsion mechanic, heat transfer … Continue reading
Italy / McDonald’s / 100 new stores, 3,000 new jobs
Fastfood giant McDonald’s believes recession-hit Italy will be one of its higher-growth areas in the coming decade and is opening more than 100 new restaurants to convert pizza-lovers to its burgers. In a country where foreign investment has fallen by almost 30 percent since 2007, McDonald’s Italian arm plans to spend 350 million euros ($457 … Continue reading
Morgan Stanley / 1,600 layoffs to come
The Wall Street investment bank is cutting 1,600 staff, with about half the reductions coming from outside the US. The bank employs several thousand people in the City. Chief executive James Gorman warned late last year that the investment banking industry still had “way too much capacity and compensation is way too high”. The cuts … Continue reading
Unemployment Insurance / The bang-for-the-buck among the highest
By the time Congress got around to passing an extension of emergency jobless benefits last week, Clyde Lance no longer needed them. On Dec. 17, his 52nd birthday, Lance started a full-time job helping train technicians for the International Society of Automation in Research Triangle Park, North Carolina, ending a three-year search for a permanent … Continue reading
Redundant / Am I now nothing ?
Redundant 1. No longer needed or useful – superfluous; 2. Able to be omitted without loss of meaning or function. I have now lived through 683 days of redundancy, each one against my embattled will. Like 26 million people across the EU, I long, desperately, to fall asleep with the contentment and exhaustion of a … Continue reading
Spain / Bank workers protest layoffs
Crisis-hit Spanish bank workers called for nationwide protests on Wednesday, fuming over tens of thousands layoffs in the industry and lashing out against top executives they hold responsible. The Spanish banking sector is still staggering from the blow of a 2008 property crash, which left lenders awash with bad loans. Prime Minister Mariano Rajoy last … Continue reading
US / Gunmaker Subsidized to Lure Jobs
Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut. Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker … Continue reading
China / Civil servant jobs: Need a connection ?
“Sixty per cent of new hires by the central government offices come from rural or ordinary urban families,” said Yin Weimin. “They have no background [connections].” Yin said exams were required for all applicants. This showed that the system was fair and equal, he added. But Yin’s comments failed to convince netizens. They responded by … Continue reading
Payless ShoeSource / Topeka / 45 layoffs at headquarters
Payless ShoeSource announced Tuesday the layoffs of 45 people from its headquarters on S.E. 6th. A statement from the company said an additional 97 open positions wouldn’t be filled. The unfilled positions are from various parts of Payless ShoeSource’s global operations, the statement said, and it wasn’t clear how many of those jobs are in … Continue reading
Lexmark / 550 Layoffs
“Difficult decisions need to be made.” That’s what Lexmark’s executive vice president Marty Canning said about the company’s recent layoff of 550 workers in Lexington, KY, we learn in “Lexmark in Midst of Major Change” from the Lexington Herald-Leader. Under pressure from a shifting industry, the company has chosen to shift with it. Based in … Continue reading
Panasonic / Layoffs to come
Japan’s Panasonic Corp may see its headcount fall further and may sell non-core money-making business units to raise cash, president Kazuhiro Tsuga told reporters at the CES consumer electronics show in Las Vegas on Tuesday. Hammered by competition from South Korean rivals such as Samsung Electronics, Panasonic may also squeeze wages and seek joint ventures … Continue reading
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
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