Job Market Monitor
Michel Cournoyer
ING / 2,350 jobs cut
ING Groep NV, the biggest Dutch financial-services company, will cut 2,350 jobs in its banking and insurance units after reporting a 64 percent slump in third-quarter profit. Photographer: Jock Fistick/Bloomberg Chief Executive Officer Jan Hommen is under orders to sell its insurance operations by the end of next year after ING received a 10 billion-euro … Continue reading
Germany / Hochtief to cut 700 jobs
Hochtief plans to cut about 700 jobs because of weak orders at its construction and facility management business Hochtief Solutions in Germany, a weekly magazine reported. The jobs will be cut at the company’s offices in Hamburg, Berlin, Munich and the Rhein-Main region surrounding Frankfurt in 2013, Wirtschafts Woche, citing company sources, said in a … Continue reading
We Are Social Workers in NY City
Leslie Rosenberg and Sheena Marquis are social workers living in New York City. 1. When and how did you decide you wanted to be social workers? Leslie: The short answer is that I was sitting on my best friend Molly’s bed sometime around early 2010, really lost and confused about what I wanted to do … Continue reading
US / Three misperceptions prevent employment of Veterans
Research shows three misperceptions prevent employment of Veterans. Watch the video, click the image below via Warrior Transition Command | Wounded, ill, and injured Soldiers: A Story of Resilience. Related Posts American Veterans | Trends and Programs POSTED BY JOB MARKET MONITOR ⋅ NOVEMBER 12, 2012 ⋅ LEAVE A COMMENT “Veterans’ employment outcomes in the civilian labor market are an … Continue reading
What Accounts for the Slow Growth of the Economy After the Great Recession? – Infographic
Source: CBO | What Accounts for the Slow Growth of the Economy After the Recession? – Infographic.
NY County / 126 layoffs in proposed budget
The Westchester County executive says he’ll have to lay off 126 workers, mostly in social services, to balance next year’s budget. County Executive Robert Astorino says the layoffs wouldn’t be necessary if workers in Westchester’s largest union had agreed to contribute to health care costs. The union says it’s still negotiating. Astorino’s $1.72 billion proposal … Continue reading
US / 15% of law firms are planning to reduce partnership ranks
In a setback for the struggling legal industry, about 15 percent of U.S. law firms said they were planning to reduce partnership ranks in the first quarter of 2013 in a move seeking to address the problem of underused partners, according to a new survey by Wells Fargo Private Bank. The survey, which looks at … Continue reading
Resolute Forest Products – 240 Layoffs in Fort Frances
About 240 employees will be out of work by the end of the month due to a partial shutdown of the Resolute Forest Products facility in Fort Frances, Ont. The Montreal-based company announced the indefinite idling of the kraft mill and paper machine number 5 at Fort Frances on Tuesday, citing challenging market conditions. A … Continue reading
US / In 2011, the top 5% households accounted for 22.3% of total income, and the top 20% had 51.5%
“Although not itself a subject of legislation, the shape of the income distribution enters Congress’s decision-making process concerning such policy issues as taxes, means-tested benefits, and social insurance programs. Congress also considers legislation specifically in the name of those in the middle class, which is variously defined as some income level or income range within … Continue reading
California / College Grads Taking Low Paying Jobs rose by 60,000 from 2006 to 2011
The number of California college graduates working in low-paying jobs rose by 60,000 from 2006 to 2011 according to the U.S. Census Bureau. Throughout the state, 260,000 recent college grads under the age of 30 are working on the front lines of food service and retail industries where historically those jobs have gone to workers … Continue reading
South Africa / Designing Diploma in Vocational Education
In September the Department of Higher Education and Training released the (last draft) Policy on Professional Qualifications for FET College Lecturers for public comments. The School of Open Learning, supported by the VVOB in this project, immediately organised a workshop to map out the way forward in the design and development of two FET lecturers’ … Continue reading
EU / Education reform key to growth
Europe’s governments must improve their education systems to help kick-start jobs and growth, the European Commission has said. The Commission has no direct role in national education policies but agreed a “strategic framework for European co-operation in education and training” with member states in 2009. Now Education and Culture Commissioner Androulla Vassiliou wants to monitor … Continue reading
US / The Top 10 Companies Hiring In Sales
Forbes and the online job search engine Indeed.com have collaborated to put together a list of the 10 companies with the most sales job postings at all salary levels. The lists 1. Oracle Number of open higher-level sales executive and B2B positions: 411 2. Edward Jones Number of open higher-level sales executive and B2B positions: … Continue reading
Greece / IMF apologizes for asking to sack 22,000 people by mistake
The IMF has apologized for a mistaken email demanding Greece dismisses thousands more civil servants than the earlier agreed lay off of 27,000 employees. The letter spurred concerns in the government that more layoffs will be demanded. The email arrived at the Greek Ministry of Finance from the IMF Representative in Athens Bob Traa before … Continue reading
Unemployment Insurance / Reduces labor force exit among the unemployed rather than changes reemployment rates
A paper by Jesse Rothstein, a professor of public policy and economics from the University of California Berkeley has made making a lot of noice on the Web. Jesse Rothstein who is also former chief economist at the Department of Labor, provides up-to-date estimates of the ‘generousity’ effect of unemployment insurance benefits (in terms of duration, % of wages replaced, or … Continue reading
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