Job Market Monitor
Michel Cournoyer
Nigeria – Vocational and Technical Education and The Skills Gap
Lack of technical education translates to an annual loss of almost a billion naira to the economy The lack of skilled manpower in Nigeria is aptly portrayed by the experience of Kazeem Adesina, a youth corps member deployed to a construction firm. “I considered myself lucky because I studied Civil Engineering and was posted to … Continue reading
Pakistan – For vocational education in rural areas
Vocational and technical education can be promoted in Pakistan by making it a part of curriculum and had vocational education institutions These views were expressed by the participants in Jang Economic Session on law and order and economic situation and role of vocational education. The participants were Punjab Vocational Training Council (PVTC) chairman Faisal Ijaz … Continue reading
Sony – To trim its global headcount by 10,000 by end-March
Sony Corp said it will cut staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. In addition to 1,800 at a chemical business it sold to a state-run … Continue reading
Europe – Medical Skills – Doctors to lose their jobs if they fail yearly test | Metro.co.uk
Doctors who fall below standard could lose their licence to practise in ‘the biggest change to medical regulation in 150 years’. They will be assessed every year to see if they are fit to stay on the medical register, under a scheme set to start in December. The General Medical Council said it would be … Continue reading
General Motors – Hiring 3,000 Hewlett-Packard tech workers
General Motors will hire 3,000 workers from Hewlett-Packard as the carmaker moves more computer functions in-house. The move is part of a larger GM strategy to have more control over the technology it uses in cars and to run its business. The H-P employees already work on GM projects. GM says that making them full-time … Continue reading
Scotland – Unemployment differential – An Olympian Explanation
So, in principle, yesterday’s rise in Scottish unemployment should be explained by differential movements between Scotland and the UK in one or more of the following: GDP, productivity, and labour supply. Specifically, weaker GDP growth, faster productivity growth, and a faster growth in the supply of labour should, severally, or collectively, account for the relative … Continue reading
Update – US – Omitted California claims: Calif. official under-reporting was Obama campaign donor?
The reason for the massive drop in jobless claims two weeks ago was because the BLS forgot to include California in their report. (US – Jobless claims dropped because BLS omitted California) Now we learn that the Calif. official whose agency under-reported unemployment stats was Obama campaign donor Marty Morgenstern, the secretary of the California agency … Continue reading
Job Search – Target, Target, Target!
In this labor market, hiring managers are looking for people who are the right fit for the job. The responsibility to prove you are uniquely qualified rests on you. Since you can’t possibly be perfect for all those jobs you are blasting your resume to, your time is wasted. Here’s what to do instead: Identify … Continue reading
Google – Cuts 1058 Jobs As It Streamlines Motorola Mobility’s
Google’s Q3 earnings leaked today, and among the reported stats was a noteworthy gap in full-time employees between its Q2 and Q3 results. At the end of June, Google had 54,604 full-time employees, thanks to a massive influx of 20,293 new Motorola Mobility staff. As of September 30, the company reports employing 53,546 people full-time, … Continue reading
Componenta – 550 jobs cut
Finnish metal components maker Componenta said it planned to cut 550 jobs, or 12 percent of its total staff, to boost profitability. Componenta, which makes cast components for trucks, cars and tractors, said on Thursday it was being hit by rising costs and unfavourable currency rates. Componenta to cut 550 jobs. http://www.reuters.com/article/2012/10/18/componenta-jobs-idUSL5E8LICKY20121018
Canada – Employment Insurance – Number of Recipients Up
Following three months of little change, 534,400 people received regular Employment Insurance (EI) benefits in August, up 16,400 (+3.2%) from July. The number of beneficiaries rose notably in Quebec, while Alberta, British Columbia, New Brunswick, Saskatchewan and Ontario also experienced increases… Chart 1 Employment Insurance beneficiaries up in August Employment Insurance, August 2012. http://www.statcan.gc.ca/daily-quotidien/121018/dq121018b-eng.htm
UBS – 400 Other Job Cuts
UBS AG (UBSN) is preparing another round of job cuts across itsinvestment bank in Europe as Chief Executive Officer Sergio Ermotti tries to overhaul the firm, two people with knowledge of the matter said… UBS Said to Widen Job Cuts to 400 at Europe Investment Bank. http://www.bloomberg.com/news/2012-10-18/ubs-said-to-widen-job-cuts-to-400-at-europe-investment-bank.html
The Top 10 Pharma Layoffs of 2012
By the beginning of 2012, the pharma industry had endured one of the biggest shakeouts in the industry’s history. Tens of thousands of jobs had been eliminated, and most employees had good reason to fear they would be next. Just after the New Year, PharmaIQ reported that a survey revealed that 44% of the people … Continue reading
BBC World Service – 73 jobs cut
The BBC World Service is to lose a further 73 jobs as part of the latest round of cutbacks to save £42m by 2013. 25 jobs will go on the English-language service with news coverage reduced from 18 hours to 14 each weekday… BBC World Service to lose 73 jobs . http://www.bbc.co.uk/news/entertainment-arts-19988316
Bridging the Skills Gap – Colleges and corporations try to get along
Angel Gavidia worked as a construction worker, an auto detailer and a taxi dispatcher before he found his calling as a computer-networking engineer, a high-paying job for which employers are desperately short of workers even at a time of stubborn unemployment. The model, under which Gavidia worked as an apprentice at the company while taking … Continue reading
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