Job Market Monitor
Michel Cournoyer
NBC Universal – To Cut About 450 Jobs
Comcast Corp. (CMCSA)’s NBC Universal is cutting about 450 jobs at several divisions of the broadcast, film and cable company, according to two people with knowledge of the situation. The reductions, some of which have taken place already, amount to about 1.5 percent of NBC Universal’s 30,000 employees, according to the people, who weren’t authorized … Continue reading
India / Joyalukkas to create 10 000 more jobs in 3 years
Joyalukkas Group intends to jack up its workforce from the current level of 5,000 to 15,000 in the next three years, according to Joy Alukkas, chairman of the group. “By then we would open jewelry shops in 100 cities across the world. The chain currently has 85 outlets in different parts of India and abroad, … Continue reading
Rio Tinto / Layoffs to continue
Global miner Rio Tinto Ltd expects the recent round of layoffs and cost-cutting in Australia to continue as margins shrink due to rising production costs and falling commodity prices, a top executive said on Tuesday. “The rationalisation will continue,” Rio Tinto’s Australia chief executive, David Peever, said at a conference… Choosen excerpts by JMM from … Continue reading
Taiwan / Direct investments create 13,000 jobs in the U.S (2011)
Taipei, Nov. 13 (CNA) The director of the Taipei office of the American Institute in Taiwan (AIT) said Tuesday that Taiwan’s investment has helped boost the United States’ economic growth and prosperity. Christopher Marut said Taiwanese companies have invested heavily in the United States across many sectors, including plastics, semiconductors, transportation, logistics, information and communication … Continue reading
Ireland / Cloud / LogMeIn to create 50 new jobs
Cloud and mobile computing tech firm LogMeIn Inc is to create 50 new jobs within the next year in Dublin as part of an IDA Ireland-backed investment. The city centre jobs will include a variety of European and international functions, including sales, customer support, marketing, finance and HR. Already 20 new employees are to start … Continue reading
Philadelphia – Hostess closings to cut 627 jobs
The closures in Seattle, St. Louis, and Cincinnati spared Hostess’ Northeast Philadelphia bakery, where 330 members of Local 6 of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union stopped working at 12:01 a.m. Saturday to protest wage and benefit cuts approved last month by a bankruptcy judge. “We’re fighting for our pensions, we’re … Continue reading
Europe | What Next for Airlines?
Despite relentless consolidation in the European airline industry over many years, few national carriers have disappeared entirely. Hungary’s Malev went bust earlier this year. Belgium’s Sabena is long gone. But most live on even if they have been absorbed by bigger rivals. Still, rarely has the pressure to cut costs to save national carriers proved … Continue reading
US | Unemployment Insurance | House Democrats push for extension
House Democrats are beginning their push for an extension of expanded federal unemployment benefits before more than 2.1 million workers lose them at year’s end. Ways and Means panel ranking member Sandy Levin (D-Mich.) and Rep. Lloyd Doggett (D-Texas) released a committee report on Monday arguing for quick action to extend benefits before they expire … Continue reading
Dallas | Wingspan Portfolio Advisors issues layoff to 459 employees
Wingspan Portfolio Advisors, a Carrollton-based loan servicing company, will layoff more than a quarter of its workforce at the end of the year. Wingspan issued a Workers Adjustment and Retraining Notification Act (WARN) letter on Nov. 5 to the Texas Workforce Commission informing them all 459 employees at the Dallas location will be terminated effective … Continue reading
UK | Southampton | Up to 300 job cuts
Up to 300 jobs will be cut by Southampton City Council when it publishes its budget later, according to trade unions Unison and Unite. The Labour-run council needs to find savings of about £30m for 2013-14 and has pledged to restore the pay of workers cut by the former Tory regime. Labour councillor Simon Letts … Continue reading
China | Communist Party to address rising inequalities
Top Communist Party of China (CPC) officials on Monday pledged to expand the construction of low-income housing and to provide more support to a job market facing pressures from a continuing slowdown, amid growing public concerns about widening social inequality in the country. As the Party prepares for leadership change, how it grapples with surging … Continue reading
Seasonal Jobs | Best-Paid
This year, retailers expect to hire 700,000 seasonal workers. Companies like Wal-Mart, Macy’s, Target, JCPenney and Kohl’s will each fill about 80,000 temporary holiday positions. In addition to major retailers, hundreds of holiday-related businesses–greeting card makers, decorating and design firms, caterers and travel services–will also staff up to meet the season’s increased demand. Hiring managers … Continue reading
US | Workers Least Satisfied With Stress and Pay
U.S. workers are the least satisfied with their on-the-job stress and money they make, out of 13 aspects of work conditions rated in Gallup’s annual Work and Education poll. Fewer than a third say they are completely satisfied with each. They are most satisfied with the physical safety conditions of their workplace, followed by their … Continue reading
Little b Schools | 5 Rules of Getting a Job
Rule #1: Remember the Michael Jordan Rule: Jordan was the best basketball player of his era. Charles Barkley was arguably #2. On any given night, Barkley might outscore Jordan. However, NO ONE would ever remember Charles Barkley as the best player of his era. The same rule applies for b-schools. Rule #2: Start small and … Continue reading
US | Colleges and Universities | Only 29 pc of students have received career and job help
Millennial Branding, a Gen Y research and consulting firm and StudentAdvisor.com, a Washington Post Company and the leading free learning resource for students, today announced a new report on how students are developing their careers while in college. The report, The Student Career Development Study, shows that students are not aggressively preparing for their post-college … Continue reading
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