Job Market Monitor
Michel Cournoyer
BC – Forest industry tackles Skills Gap
In Prince George, forest company Canfor has plans to convert its mothballed Rustad sawmill into a $10-million training centre for skilled workers. At High Prairie, Alberta, Tolko Industries has already done the same thing at its shuttered High Prairie mill, partnering with a local college and the Alberta government in a $5.3-million program to train … Continue reading
Sweden – Mass Job Cuts Belie Government Optimism
TeliaSonera AB (TLSN) yesterday became the latest in a string of Swedish companies to announce mass job cuts, prompting economists and unions to question the government’s forecast that unemployment will fall next year. TeliaSonera, Sweden’s biggest phone company, said it will eliminate 2,000 jobs as growth stalls, declining to say how many cuts will be … Continue reading
Alcatel-Lucent – 5,490 jobs cut
French telecom equipment maker Alcatel-Lucent (ALUA.PA) plans to axe 5,490 jobs worldwide as part of a cost-cutting plan announced in July, with 3,300 in Europe and 1,490 in France, a French union said on Thursday. “We are in shock,” said Isabelle Guillemot, of the CFDT union. Alcatel had said in July that it planned global … Continue reading
New-York – High School Drop-out Rates, Lack Of Job Skills High Among Young
The tenth Annual Education for All Global Monitoring Report shows that 12 percent of young people are dropping out of secondary schools in New York, and are left without vital foundation skills for work. This constitutes one fifth of young people aged 17-24 years being out of school and unemployed. These young people urgently need … Continue reading
Abbott Laboratories – 550 Layoffs
A spokeswoman for Abbott Laboratories says the announcement Wednesday of a 550-job reduction in the drug and health care products company’s worldwide workforce will not have an impact on its nutrition products facility in Sturgis. But she said there will be some impact in Sturgis over the next year. That is part of an announcement … Continue reading
FedEx Outlines Broad Cost-Cutting Plans: Layoffs to come ?
FedEx Corp. announced programs targeting annual profitability improvement of $1.7 billion during the next three years. In a keynote speech at FedEx Corp.’s 2012 Investors and Lenders Meeting, Frederick W. Smith, FedEx chairman, president and CEO, said a significant portion of the profitability improvement will come from cost reductions at FedEx Express and FedEx Services… … Continue reading
Taiwan – Tech Layoffs Likely to Peak in Q4
With some of DRAM and LED companies downsizing to induce employment cuts among high-tech industries, tech layoffs in Taiwan are likely to peak in the fourth quarter of this year, warned local human resource agencies. According to statistics issued by the Council for Labor Affairs, a total of 2,742 employees in different industries in Taiwan … Continue reading
US Competitiveness – STEM – Change the Equation
“… The U.S. will be short as many as 3 million high-skills workers by 2018, according to a Georgetown University report issued last year. Two thirds of those jobs will require at least some post-secondary education, says Anthony Carnevale, director of the Georgetown’s Center on Education and the Workforce.” “So dire are the predictions about … Continue reading
India – Education: A necessary but not a sufficient basis for social mobility
“ Has wider access to education increased social mobility in India? writes Hasan Suroor in Education is a necessary but not a sufficient basis for social mobility on thehindu.com. She interviews Oxford academic Craig Jeffrey, ‘a fellow and tutor in Geography at St. John’s College, who speaks fluent Hindi and Urdu’ and ‘who spent several … Continue reading
Graduate – Employability: Partnership is key to success
“Many employers still feel that graduates are missing key skills when they leave university. We take a look at some of the ways MathWorks[1] is collaborating with universities to bridge the skills gap between education and industry.” writes Keri Allan in Bridging the skills gap on eandt.theiet.org. “Mathworks works closely with both universities and industry as its computational tools, which include MATLAB and Simulink, are … Continue reading
World Bank – Brain Drain: Some myths and common concerns not founded
“High-skilled emigration is an emotive issue that in popular discourse is often referred to as brain drain, conjuring images of extremely negative impacts on developing countries. Recent discussions of brain gain, diaspora effects, and other advantages of migration have been used to argue against this, but much of the discussion has been absent of evidence.” write John Gibson and … Continue reading
The consequences of job loss for workers
When workers get laid off, they typically pay a large economic price. This is true even for those lucky enough to find a new job, because most tend to earn wages substantially lower than what they earned previously. The figure below, from The State of Working America, 12th Edition, shows the average weekly earnings loss of … Continue reading
US – Is the recovery really here now? Yes indeed.
It seems real this time. 1. The unemployment rate is down: In U.S., Unadjusted Unemployment at 7.3% in Mid-October U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup’s … Continue reading
Update – UK – Employment has not been higher. How?
Tony Dolphin: If the UK is in Recession, How Come Employment is Increasing So Rapidly? The latest employment figures, published today, do little to resolve the conundrum over the UK’s unusual combination of strong employment growth and no economic growth. Over the last year, real GDP has fallen by 0.5%, while employment has increased by … Continue reading
40 Things Best To Know When Starting A Career
The career you think you’re going to have? This is not the career you’re going to end up with. The job you went to college for? That’s not the job you’re going to end up with. You will spend a good portion of your work day with nothing to do. Meetings almost never solve anything … Continue reading
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