Job Market Monitor
Michel Cournoyer
Canada – Layoffs at Molson
Long-time Molson marketing executive Judy Davey has been laid off by the brewing giant as part of what the company called a “restructuring” across the company resulting in about 50 job losses in total. Molson Coors Brewing Co.‘s chief corporate affairs officer Ferg Devinsconfirmed the layoffs Thursday, saying Davey’s was the most senior position terminated … Continue reading
Bermuda – Education Gap – attainment levels are affecting Bermudians’ job prospects
Bermudians risk losing access to the top jobs if they continue to lag in higher education, Shadow Education Minister Grant Gibbons warned. The One Bermuda Alliance MP also reaffirmed his party’s promise to bring in a technical curriculum at the middle … Lagging educational attainment levels are affecting Bermudians’ job prospects . http://www.royalgazette.com/article/20121022/NEWS05/710229964
Austramia – The dole and pension
In answers to questions from The Weekend Australian, Mr Shorten shifted from earlier assertions that the dole should be kept low to encourage the unemployed to take low-paid jobs, saying it must be “diabolically difficult” for the unemployed to make … Gap between the dole and pension too great . http://www.theaustralian.com.au/national-affairs/gap-between-the-dole-and-pension-too-great/story-fn59niix-1226501041259
OECD – Inequality – Skills Gap : Increasing Earnings Gap due to a Skills Gap Calls for Up-skilling
“Over the two decades to the onset of the global economic crisis, real disposable household incomes increased in all OECD countries, by 1.7% a year, on average. In a large majority of OECD countries, household incomes of the top 10% grew faster than those of the poorest 10%, leading to widening income inequality” and “increases … Continue reading
Older Workers / Unemployment Duration / US : Chances of finding another job are low
“After reaching record highs month after month, the typical length of time a jobless worker in the United States has been unemployed finally fell in April’ 2011, to “only” 38.3 weeks. But the outlook is looking bleaker for the nation’s older workers.” wrote Catherine Rampell in Older Workers Without Jobs Face Longest Time Out of … Continue reading
Lufthansa : Threat of wage cuts and layoffs
At a press conference in Frankfurt last Thursday the CEO of Lufthansa, Christoph Franz, announced details for the long-planned restructuring of the company. From 2013 onwards Lufthansa will transfer all of its Europe-Germany flights—with the exception of those from Frankfurt and Munich—to the subsidiary company it formed ten years ago, German Wings. German Wings will … Continue reading
Human Genome Sciences – Layoffs to continue
The job cuts continue at Rockville-based Human Genome Sciences as the biotechnology company folds its employees and operations into those of the British drugmaker that bought the firm this summer. The latest round of cuts targets 97 employees who were notified of the decision last week. The firm also warned that additional reductions would be … Continue reading
South Africa – The ICT skills gap
South Africa’s ICT industry will face a serious skills crunch in the future unless it focuses on developing its young professionals. Matumane Tshabalala, technology solutions manager of EMC Southern Africa, says the skills are not there for high-end solution provisioning. Depending on who you speak to, the South African ICT industry faces a critical shortfall … Continue reading
Australia – India: SkillsDMC to train 500 million people for NSDC
Australia’s industry skills council SkillsDMC has signed an agreement with India’s NSDC to impart training to 500 million people in key industry areas by 2022. SkillsDMC has signed an MoU with Indian counterpart National Skills Development Corporation (NSDC) to support the establishment of the Indian Sector Skills Council for mining. It will also provide for … Continue reading
IT jobs – Location matters
Investing in an IT career is like investing in real estate: In both cases location matters. While it’s not all about location, location, location, compensation for the same IT job can vary widely — sometimes by $50,000 or more — depending on where you decide to work. But the best paying job may not be … Continue reading
Nursing Grads – More schooling may help to land jobs
The health care industry has been an employment bright spot in Sacramento and across the country as demand grows to care for a graying population. But newly minted nursing graduates are having trouble squaring that good news with their difficulties in finding work, said Anne McNamara. McNamara, dean of Grand Canyon University’s College of Nursing … Continue reading
Tattoos and Jobs
‘I received an email from someone who wondered whether his long hair, facial hair, and tattoos were hurting his chances of getting a job” writes Alison Doyle. (Choosen excerpts by JMM to follow) There are employers, especially in the hospitality and retail industries, that are very concerned about the appearance of their employees. Many employers have … Continue reading
Greece – The biggest cumulative loss of output of a developed-country economy in at least three decades
Greece is spiraling into the kind of decline the U.S. and Germany endured during the Great Depression, showing the scale of the challenge involved in attempting to regain competitiveness through austerity. The economy shrank 18.4 percent in the past four years and the International Monetary Fund forecasts it will contract another 4 percent in 2013 … Continue reading
14 million young people are NEET: not in employment, education or training
Some 14 million young people are not in employment, education or training across the EU as a whole. However rates vary widely from from around 5.5% of 15-24 year olds in the Netherlands to 22.7% in Italy. The economic cost of not integrating NEETs is estimated at over €150 billion, or 1.2% of GDP, in … Continue reading
Tanzania – Technical education doesn’t make graduates create jobs but makes them job seekers
Stakeholders in technical education have challenged the syllabus used in technical colleges, saying it doesn’t make graduates create jobs, but makes them job seekers. They raised their voices here recently when speaking at a forum geared to forge links between technical and vocational education on one hand and on the other, training institutions and industry. … Continue reading
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