Job Market Monitor
Michel Cournoyer
Kalshnikov Maker – Layoffs To Come
Russia‘s troubled maker of the iconic Kalashnikov assault rifle faces layoffs and a possible merger with another arms manufacturer, a media report said Tuesday. The Russian army last year failed for the first time to order new AK-47s, of which it says it already has 17 million in stock, a massive supply for its 1 … Continue reading
UK – DPD – 10 new depots creating 15,000 jobs
UK parcel firm DPD is to invest £175m to expand its capacity, creating 10 new depots, one new parcel sorting hub and creating 15,000 jobs in response to the online retail boom. The parcel firm plans to spend £100m on a new parcel sorting hub in the East Midlands in addition to refurbishing two of … Continue reading
India – New HRD Minister – What to expect
Different people expect different things to happen after the change of guard at the human resources development ministry in New Delhi. For AK Gosain, professor of civil engineering, IIT Delhi, the HRD ministry under the leadership of Pallam Raju “has a pronounced focus on linking jobs to education. This will essentially translate to two things … Continue reading
Alcatel-Lucent – More Job Cuts Might Come
Alcatel-Lucent SA (ALU) Chief Executive Officer Ben Verwaayen will need to eliminate an additional 10,000 positions to catch up with more efficient rivals as the unprofitable phone-equipment maker’s cash pile dwindles. Even taking into account the 5,500 job cuts announced in October, Alcatel-Lucent’s revenue per employee was 49,700 euros ($63,600) last quarter, at least 14 … Continue reading
US – Job Openings essentially unchanged from August says DOL but…
There were 3.6 million job openings on the last business day of September, essentially unchanged from August, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.1 percent) was little changed while the separations rate (3.0 percent) declined in September. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm … Continue reading
London – Financial sector to cut 13,000 jobs in 2013
London’s financial sector will lay off 13,000 staff in 2013, cutting employment in a key UK economic sector to a 20-year low, as job vacancies also drop in Europe and even Asia, studies showed. Financial firms in Europe’s biggest financial center have laid off more than 100,000 employees since a market peak in 2007, driven … Continue reading
The Queensland Skills and Training Taskforce’s final report – Skills focus returns to ‘must have’ sectors
TAFE training in “need to have” job areas of mining, construction and tourism will receive public funding while training for “nice to have” jobs such as fitness instruction will be slashed under a plan to reorganise Queensland’s vocational-education sector. The Queensland Skills and Training Taskforce’s final report on the future of the state’s vocational-education sector, … Continue reading
US – Solar Jobs Growth Outpaces The Whole Economy
The last two years have brought record investments and project development in the industry, with U.S. installations growing 116 percent in the second quarter of this year — much of it driven by the loan guarantee program. As a result of strong federal support, job growth in the industry continues to outpace the broader economy. … Continue reading
Brain Drain – US Driving Immigrant Talent Overseas
Asaf Darash, an Israeli entrepreneur, was putting his 18-month-old son to bed when he received the news he had been dreading. He had applied to renew his temporary visa back in April. It was now the middle of September, a few weeks away from his visa expiration, and immigration officials had still not responded. As … Continue reading
Unlimited paid time off to fit in the modern workplace
If your boss told you that you had an unlimited amount of vacation time, what would you do? Would you try to finagle every Friday off, or take that monthlong trip to Europe that you’ve dreamed about? Or would you end up taking less time than you do now? These questions are not theoretical at … Continue reading
Central Banks – Women challenge men’s club
When the European Parliament turned Yves Mersch down for a top central banking post, it wasn’t because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank’s all-male board … Continue reading
Liberal Arts Education in Job Market
reports of the imminent demise of a college education are grossly overstated. Not only are baccalaureate degrees worthwhile, but even the most questioned of them all – liberal arts degrees – are highly beneficial to employers. Employers should not only consider liberal arts graduates, they should seek them out. Paths to Success through the Liberal … Continue reading
Job Market – Including Deaf
Current statistics indicate that America’s deaf community is underemployed and too often overlooked in a company’s diversity efforts. Educating about employing the deaf community An employer’s hesitation with regard to employing members of the deaf community is likely a result of honest misunderstandings about working with deaf individuals. The two most common misperceptions are: That … Continue reading
NE – Shaw to cut 700 jobs
Shaw’s Supermarkets on Friday announced plans to cut about 700 jobs at 169 Shaw’s and Star Market stores in five New England states. About 90 employees affected by the layoffs have already been notified, and the rest will be informed over the next several days, the company said. “A decision of this nature is never … Continue reading
US – Hospital mass layoffs for 2012 expected to match 2011’s numbers
Thirteen mass layoffs occurred in hospitals in September, affecting 817 people, according to a monthly report released Oct. 23 by the U.S. Bureau of Labor Statistics. If numbers hold steady for the remainder of 2012, the industry is on track to have a similar annual count of mass layoffs as it did in 2011. Ninety-three … Continue reading
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