Job Market Monitor
Michel Cournoyer
China – Children interns on assembly line
The five schoolboys weren’t of legal age to work on an assembly line. But when their vocational school sent them to a Foxconn manufacturing plant last month as part of an internship program, they were soon piecing together Sony PlayStations 12 hours a day. One boy said he worked an overnight shift that started at … Continue reading
Denmark – Danske Bank to cut 3000 jobs
Danske Bank unveiled plans to cut 3,000 jobs and sell 7 billion kroner (€900 million) in shares as Denmark’s largest lender looks for ways to increase its capital buffers. The measures were announced together with Danske’s third-quarter report, showing net income of 1.31 billion kroner, compared with a loss of 384 million kroner a year … Continue reading
China – More than 30m students in vocational schools
China has more than 30 million students studying in vocational schools, as well as 72.65 million people who have graduated from such schools over the last 10 years, according to a report issued by the Ministry of Education. According to a report on the development of vocational education, the employment rate for graduates of secondary … Continue reading
Canada – Underemployment, the real youth jobs crisis
Youth joblessness tends to garner all the headlines, but the more troubling trend may be the more hidden one: underemployment. A paper to be released Tuesday is urging more examination of the extent of youth underemployment in Canada and more research into the causes that are driving it. “Contrary to the highly visible issue of … Continue reading
Canada – Labour Market – Not bad, but could be better says Parliamentary Budget Office
The labour market has fared better in Canada than in many other rich countries, it has fared better than it has in past recessions, but it has not fared as well as it could. This is the major message from a recently released report by the Parliamentary Budget Office (PBO), which offers a valuable description … Continue reading
India – Attrition – Mere 51% employers plan to hire
Employers seem to be wary abouthiring for new positions and would rather concentrate only on filling up chairs that are empty because of attrition. A report by online job portalHeadHonchos.com called ‘Management Hiring Perspective Report 2012’ stated that only 51% of employers surveyed wanted to increase their headcount. ‘The hiring outlook is even more subdued … Continue reading
East Africa – Skills Gap in oil industry
Nairobi – A shortage of trained oil and gas workers in East Africa is slowing development of new fields following a series of major discoveries and may force governments to relax rules requiring companies to employ local people. Governments are now investing in programmes to train skilled oil and gas workers, but they are hampered … Continue reading
India – TCS Indore campus – To create 10,000 jobs
IT major Tata Consultancy Services (TCS) said it will set up an integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore in the first phase. An agreement to this effect was signed by TCS and officials of the state government in Indore at a function presided over by … Continue reading
UK – Jobs in energy sector continue to grow
Engineering graduates will be pleased to learn that jobs and investment in the UK power and gas sector experienced strong growth between 2007 and 2011, with results for 2012 expected to be similarly positive. That’s according to the recently released 2012 Powering the UK report, compiled by Ernst & Young on behalf of Energy UK. … Continue reading
Taiwan – Nearly 80% of businesses froze salaries in 2011
About 80 percent of employers in the manufacturing and service sectors froze salaries for employees in 2011, while the number of layoffs also increased that year due to slow economic growth, according to the results of an official … . Nearly 80% of businesses froze salaries in 2011: survey . http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201210300023&Type=aECO
Indiana CoC – Targeting Middle Skills Gap
The Indiana Chamber of Commerce has launched a website to help bridge the so-called “middle skills” gap. Vice President of Education and Workforce Development Derek Redelman tells Inside INdiana Business he regularly hears from companies seeking employees to fill openings requiring more than a high school diploma, but less than a four-year college degree and … Continue reading
Japan – Unemployment rate (sa) stable at 4.2%.
via Statistics Bureau Home Page/Monthly Results -September 2012-.
Australia – 3,000 Papua New Guineans skilled workers
And Papua New Guineans have such a good reputation they are getting promoted faster than their Australian counterparts. Latest estimates suggest up to 3000 skilled Papua New Guineans have moved to Australia. Ben Imbun, a Senior Lecturer at the School of Management at the University of Western Sydney has been tracking their movements. He told … Continue reading
India – Hiring stronger than elsewhere according to LinkedIn
Hiring trends in India is relatively strong than other markets around the world as nearly half of employers believe the recruitment volume this year is up from 2011, a survey says. According to the LinkedIn Recruiting Trends survey with over 3,000 professionals/recruiters from the HR/Talent Acquisition department, of which 255 were from India, hiring in … Continue reading
Switzerland – Straumann – To cut 150 jobs
Swiss dental implant maker Straumann (STMN.S) said it would axe roughly 150 jobs to boost margins as it grapples with sluggish demand in Europe, its biggest market. The euro zone debt crisis has battered sales of dental implants made by Straumann and its Swiss rival Nobel Biocare (NOBN.S) as cash-strapped Europeans, worried about the downturn, … Continue reading
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