Job Market Monitor
Michel Cournoyer
Teachers Quit Their Jobs Because They Hate Their Bosses
What’s the reason so many new teachers quit the profession or move to a different school? The heavy workload? Low salary? A paucity of classroom resources? An absence of autonomy? The “always-on,” continually demanding nature of the work? None of the above. The main reason is their principals. To find out what factors influence novice … Continue reading
(UPDATE) Hostess / Closure with 18,500 Layoffs
How Hostess Failed: Hedge Funds V. Unions When Hostess Brands announced that it would close up its operations,the forces most responsible for that decision were two hedge funds that control hundreds of millions of Hostess debt and which have finally decided they won’t squeeze any more filling into the Twinkie. The funds, Silver Point and … Continue reading
Healthcare Jobs are Booming (Infographics)
via Healthcare Jobs are Booming | Visual.ly.
Ford Motor / 212 job cuts at the Geelong and Broadmeadows plants
Ford Motor Company (NYSE:F) has sacked more than 200 workers at its Victorian plants after a decline in car sales and cuts to production. The Geelong and Broadmeadows plants were close for the day on Friday as 212 shocked employees were told during one-on-one meetings they would be going home without a job. One sacked … Continue reading
Beijing / Jobs fair with more than 500 vacancies at nearly a hundred companies
More than 500 vacancies at nearly a hundred companies will be up for grabs next week at a jobs fair in Beijing, aiming to attract the best Chinese talent returning from overseas. Organizers from the Chinese Service Center for Scholarly Exchange, at the Ministry of Education, say they have already attracted 1,500 job seekers to … Continue reading
Germany / Crisis Leads Skilled Workers from Southern Europe
Economic crisis and mass unemployment in Southern Europe have triggered an exodus of highly qualified jobseekers, many of whom are making their way north to Germany. There, a relatively strong economy and growing shortage of skilled workers makes companies eager to ensure that the newcomers feel welcome. Ziehl-Abegg, a mid-sized specialist in ventilation technology based … Continue reading
Hostess / Closure with 18,500 Layoffs
Failing to persuade striking employees to return to work, Hostess Brands disclosed plans on Friday to liquidate its assets and lay off most of its 18,500 workers, bringing the 82-year-old maker of Wonder Bread and Twinkies to the end of its line. The painful decision to wind down the Irving, Texas.-based private company follows a … Continue reading
Jobs for America / A Rooseveltian Second Term Agenda
As part of our series “A Rooseveltian Second Term Agenda,” a reminder that creating more good jobs must be the president’s top priority. The presidential victory of Barack Obama was an important vindication for the uses of government. The small-government ideologues were defeated, but now the nation must go farther and recognize government is indeed a … Continue reading
Banks / Job cuts amount to near 160,000
Major banks have announced about 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two to one. A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were … Continue reading
Bulgaria / Unemployment rate up at 11pc in October
Bulgaria’s unemployment rate rose to 11 percent in October from 10.6 percent the previous month, mainly due to a drop of seasonal jobs in agriculure and tourism, data from the labour ministry showed on Friday. About 12, 500 new workers in the European union’s poorest country lost their jobs in October, bringing the number of … Continue reading
Chicago / Skills Gap will crimp their growth next year
Chicago-area manufacturers who participated in a panel discussion Thursday said the shortage of skilled workers will crimp their growth next year. Tim Jahnke, president and chief executive of Elkay Cos., an Oak Brook-based maker of stainless steel sinks, faucets, water coolers and plumbing products, said the situation is so severe that his company may have … Continue reading
Procter & Gamble / To cut more jobs
Procter & Gamble plans to trim more non-manufacturing jobs through 2016, on top of cutting 10 percent of that workforce by the end of June, as the world’s largest household-products maker tries to reinvigorate what has become a sluggish organization. P&G also said it may increase stock repurchases to $6 billion from $4 billion, but … Continue reading
Learning from Sweden’s return to full employment in the late 1990s
In the mid to late 1990s, Sweden’s economy staged a remarkable resurgence from a three-year-long recession which had left it with the largest government budget deficit in the OECD. In this essay for IPPR, former Swedish finance minister Par Nuder reflects on the policies and politics that enabled his country’s recovery. In the early 1990s, … Continue reading
Canada / Almost half feel overqualified for their jobs
Canadians are not alone in feeling undervalued in the workplace, as a new survey shows almost half of the population feels overqualified for their jobs. The latest global work monitor survey released by recruitment firm Randstad showed 44 per cent of Canadians feel they are overqualified for the positions they fill, while one in five … Continue reading
Euro zone / A second recession since 2009
The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The two leading economies both managed 0.2-per-cent growth in the July-to-September period. But the resilience could not save the austerity-hit 17-nation bloc from overall contraction as the … Continue reading
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