Job Market Monitor
Michel Cournoyer
Fiscal Cliff / UI Benefits will end for 3 M: A Brief Overview of the Legislative Procedures for Adjusting the Public Debt Limit
The Fiscal Cliff means that Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013. So the important question is that is the legislative procedures for adjusting the public debt limit ? Here is the summary of a Brief Overview by Congressional Research Service. *-* … Continue reading
EU calls for youth guarantee schemes
EU member states should guarantee that young Europeans do not remain out of work or education for more than four months, according to a scheme unveiled Wednesday by the European Commission. However the cost of tackling youth unemployment would largely fall to the states, said EU Employment Commissioner Laszlo Andor, adding that “the costs of … Continue reading
The Grand Disconnect – Employers, education providers, and youth
“Around the world, governments and businesses face a conundrum: high levels of youth unemployment and a shortage of job seekers with critical skills” writes Mona Mourshed, Diana Farrell, and Dominic Barton in a McKinsey in Its report Education to Employment Designing a system that works. (Adapted choosen excerpts by Job Market Monitor to follow) How can a country successfully move … Continue reading
UK / NHS Direct call centre closures / 1,500 jobs at risk in say unions
Almost 1,500 jobs are at risk because of the replacement of NHS Direct, the nursing union has said. The Royal College of Nursing said NHS Direct would close 24 of its 30 call centres and it had emerged in a consultation that up to 1,482 “wholetime equivalent” staff could lose their jobs. Instead the public … Continue reading
Nokia Siemens Network / 1,000 jobs at risk
Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it will shut down its German networks services unit, putting 1,000 jobs at risk. “Nokia Siemens Networks is planning to close its German unit Nokia Siemens Networks Services, a network infrastructure services provider in the area of traditional … Continue reading
China / LG starts layoffs
LG’s mobile arm may be slowly turning things around internationally, and getting even its main competitor’s appreciation in the process, but China is different. At least that’s what can be gathered from LG’s woes over there. The Korean company has started laying off employees in 26 offices in China. This comes as LG’s market share … Continue reading
Pratt and Whitney / Layoffs will be announced
Company and union officials said on Wednesday that layoffs will be announced at Pratt & Whitney, though the number of employees who would be laid off and at which locations the layoffs would be from was not yet available. Bryan Kidder, a company spokesman, said that the company was finalizing a statement on the job … Continue reading
Citigroup / To cut 11,000 jobs
Citigroup Inc. will cut 11,000 jobs and take a $1-billion pre-tax charge to its fourth-quarter earnings as it tries to reduce costs and reposition itself under new corporate leadership. The job cuts — including closing 44 U.S. consumer banking branches — will save $900 million in 2013 and produce $1.1 billion in annual savings in … Continue reading
New York / Minimum-wage hike would kill 22,000 jobs over the next decade finds The National Federation of Independent Business
A proposal to hike the state’s minimum wage would kill 22,000 jobs over the next decade and cut economic output by $2.5 billion, New York’s small- business lobby claimed in a study released yesterday. The National Federation of Independent Business report estimates that seven of every 10 job losses would occur in small businesses, which … Continue reading
Thailand / Private firms call for action as nationwide minimum wage hike looms
Thailand’s private sector today called on the government to take serious action to alleviate entrepreneurs’ financial burdens after the January 1 nationwide increase of the daily minimum wage to Bt300. Payungsak Chartsutipol, president of the Federation of Thai Industries, said a meeting of the Joint Standing Committee on Commerce, Industries and Banking (JSCCIB) agreed to … Continue reading
ADP Report : November jobs hit by Superstorm Sandy
Superstorm Sandy took a bite out of businesses hiring in November, according to a closely watched reading that suggests a weak Labor Department jobs report could be coming this Friday. Payroll processing firm ADP reported that private-sector employers added 118,000 jobs in the month, down from the 157,000 jobs added by businesses the previous month. … Continue reading
Reebok / Cuts 150 jobs worldwide
Reebok International Ltd. said Tuesday that it is cutting approximately 65 positions from its Canton headquarters, just under 7 percent of the struggling athletic apparel maker’s workforce there, as part of a restructuring. Worldwide, Reebok will eliminate 150 jobs, including by closing its European office in Amsterdam and the Asia-Pacific office in Hong Kong. In … Continue reading
UK / Exchanging workers’ rights for shares: Employers reject George Osborne’s plan
George Osborne has been given a black eye on the eve of his autumn statement by employers almost universally rejecting his plan to offer workers company shares in return for abandoning many of their employment rights. The chancellor plans to announce on Wednesday that he will press ahead with the proposal, with some small adjustments. … Continue reading
US / The top 5 legal issues currently facing employers
Following XpertHR’s recent launch in the US, legal editor Michael Cardman discusses the changing legal landscape and reveals the top five issues that US employers are facing. 1 Social media The proliferation of social media poses risks and rewards for employers. Facebook, Twitter and LinkedIn can help employers to spread brand awareness, recruit new employees … Continue reading
Strikes at Wal-Mart, McDonald’s, Burger King: they’ve just had enough
Over the past week, port workers in Los Angeles went on strike. So did fast food workers from McDonald’s and Burger King. And last month, it was Wal-Mart workers. What gives? It’s a message from workers that they have finally had enough, labor experts say. Having endured a deep recession, when their jobs were imperiled … Continue reading
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