Job Market Monitor
Michel Cournoyer
New York Times / Layoffs Loom Again
Less than two months after protracted contract negotiations came to a close between the New York Times Company (NYSE: NYT) and the Newspaper Guild, the nation’s newspaper of record is looking to make some difficult cuts. Jill Abramson, executive editor of the Times, sent a letter to the paper’s staff requesting buyouts from 30 non-union … Continue reading
Australia / Western construction industry labour shortage: Kickstart initiative will bring an extra 21,000 construction trade apprentices
More apprenticeships are to be made available in Australia with the aim of addressing skill shortages in Western Australia where foreign workers are needed to plug gaps in the construction sector. A $57.5 million incentive programme aims to encourage employers to take on new apprentices to help address shortages in the industry. Minister for Skills … Continue reading
Singapore / Retirement and Re-employment Act – Employers are now required to offer re-employment
Since 1 January 2012, the Retirement Age Act (RAA) has been replaced by the Retirement and Re-employment Act (RRA). Like the RAA, the RRA also covers all employees who are Singapore Citizens and Permanent Residents. Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to … Continue reading
India / Microsoft, Google hiring from new IIT campuses, pushing up wages by 15-20%
It’s just their second year on the placement scene but the new Indian Institutes of Technology at Ropar, Patna, Hyderabad, Bhubaneswar and Gandhinagar, among others, are already nipping at the heels of their much-older and more established counterparts. Big-ticket recruiters like Microsoft, Amazon and Google have descended on these campuses and average salaries have shot … Continue reading
Australia / Reserve Bank Cuts Key Rate to Match Half-Century Low
The Reserve Bank of Australia cut its benchmark interest rate to the half-century low set during the 2009 global recession as hiring falters and an elevated currency hurts industries such as manufacturing and tourism. Governor Glenn Stevens and his board reduced the overnight cash-rate target by a quarter percentage point to 3 percent, the central … Continue reading
South Africa / State’s fund creates only 745 jobs in 18 months
Since its launch last year, the government’s R9bn Jobs Fund has placed 745 unemployed youths into jobs through one of the projects that have benefited from the fund. The fund, promised by President Jacob Zuma last year in his state of the nation address and launched in June, provides grants to government departments, companies, municipalities … Continue reading
British Airways / To cut 400 cabin crew jobs
British Airways is looking to shed 400 senior cabin crew jobs. But the airline stressed that there would be no compulsory redundancies. A BA spokesman said the airline had entered into a 90-day consultation with the Unite union about the possibility of making voluntary redundancy available to 400 cabin crew staff. Those being offered the … Continue reading
Tool: 64 Interview Questions and Answers
Click on the question to get to the answer Question 1 Tell me about yourself. Question 2 What are your greatest strengths? Question 3 What are your greatest weaknesses? Question 4 Tell me about something you did – or failed to do – that you now feel a little ashamed of. Question 5 Why are … Continue reading
US / Only major economy where the younger generation not to be better educated than the older
An integral part of the American Dream is under threat – as “downward mobility” seems to be threatening the education system in the United States. The idea of going to college – and the expectation that the next generation will be better educated and more prosperous than its predecessor – has been hardwired into the … Continue reading
UK / Top 10% of households are 850 times wealthier than the bottom (video)
Key findings The wealthiest tenth of households owned more than 40% of overall wealth and were over 850 times wealthier than the least wealthy tenth of households A household required total wealth greater than £967,000 to belong to the wealthiest 10% of the distribution The south-east of England had the highest percentage of ‘wealthy’ households … Continue reading
The Daily’s Final Edition / About 100 Employees
JOHN BIGGS spoke to a person inside The Daily who held a $40,000 reporter position for the now shuttered “daily iPad newspaper.” While not completely blindsided, they had little inkling of what was going on inside the paper but there was always an undercurrent of doubt. “When the layoffs happened in the summer,” the said. … Continue reading
Pfizer / To shrink U.S. sales force
Pfizer Inc. PFE +0.18% plans to shrink certain segments of its U.S. sales force, in the drug maker’s latest cost-cutting move. Pfizer spokesman MacKay Jimeson said Friday the sales force would be reduced, but didn’t quantify the scope of the cuts. “As part of our strategy to allocate our resources, investments and people to the … Continue reading
Louisiana / Largest manufacturing investment in state’s history would create over 7,000 jobs
Today Sasol Ltd. announced plans to invest between $16 billion and $21 billion in an integrated GTL and ethane cracker complex in Westlake. The facility is expected to create roughly 1,253 direct jobs and roughly 5,886 indirect jobs. The historic project is double the size of the capital investment originally announced by Governor Jindal and … Continue reading
Ireland / Shannon Airport / Up to 850 jobs would be created next year
UP to 850 jobs are earmarked for the aviation sector when Shannon airport becomes an independent facility at the end of the year. The Government has revealed that on December 31 Shannon will separate from Dublin Airport Authority (DAA), leaving the authority saddled with €100m worth of debt. The airport will be merged with a … Continue reading
Europe / Global Monitoring for Environment and Security will create 83 000 jobs says European Commission Vice-President Antonio Tajani
GMES, Global Monitoring for Environment and Security, the European Commission’s earth observation programme will create 83 000 jobs in Europe by 2030. This is the result of a study presented by European Commission Vice-President Antonio Tajani today during the London conference “European Space Solutions”, an initiative of the European Commission, hosted by the UK Space Agency. … Continue reading
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