Job Market Monitor
Michel Cournoyer
Australia – Queensland – Job Cuts ‘probably lower than 15,000’
The total number of jobs to be cut from Queensland’s public sector is likely to be lower than 15,000, Premier Campbell Newman says. In the lead up to next month’s budget, Mr Newman and senior ministers have repeatedly said they were aiming to keep the number of lost jobs below 20,000. Mr Newman, who yesterday … Continue reading
Denmark – Government cuts nearly 1,000 workers
Not since 1920 have so many state employees been fired Finance minister Bjarne Corydon (Socialdemokraterne) says the pain is not over (Photo:Scanpix) At a time when the prime minister, Helle Thorning-Schmidt (Socialdemokraterne), has said that stemming the rising tide of unemployment is at the top of her agenda, her government has now fired more state … Continue reading
Japan – How to meet the wishes of an army of willing elderly workers
The thought of retiring after more than four decades made Hirofumi Mishima anxious. Instead of looking forward to ending his three-hour daily commute, Mishima wanted to work, even if it meant another hour on the train. “Keeping a regular job is the most stimulating thing for me,” said Mishima, 69, who spent six months trawling … Continue reading
G4S axes 1,100 jobs
Security firm G4S has unveiled plans to axe 1,100 jobs as the company restructures following the failure of its Olympics contract. The company said that cutting the posts – mostly in continental Europe – would save £30 million a year. Chief executive Nick Buckles said: “We were deeply disappointed that we had significant issues with … Continue reading
China – More than 75 percent of the country’s urban jobs are created by small enterprises
Human resource analysts have called for greater efforts on the part of the government to create new jobs, as the country’s economic slowdown has created a grave employment situation, a major newspaper reported Tuesday. The overseas edition of the People’s Daily, the flagship newspaper of the Communist Party of China (CPC), cited experts as saying … Continue reading
Lexmark – 1,700 jobs cut
Lexmark is cutting 1,700 jobs, or almost 13 per cent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines … Continue reading
Australia – The outsourcing of jobs at new hospital
It’s a job that has been described as a back room service and one that the State Government is privatising in new hospitals.” But, it’s not just cleaners. All non-clinical staff at the new Fiona Stanley Hospital, including sterilisation technicians, orderlies, patient care assistants, administration and IT staff, will be privately employed by management company … Continue reading
Sony Mobile – 1,000 jobs cut
Sony Mobile is cutting 1,000 jobs from its phone division after posting record losses this financial year. The embattled Japanese company posted record losses of US$5.6bn in March this year, with two-thirds of the jobs cut to fall on its Sony Mobile division in Lund, Sweden. The loss-making electronics firm reveals the job losses are … Continue reading
HR – To be or not to be a decision-makers: 75% are not
A poll conducted at the CIPD’s HR Software Show 2012 reveals that 75% of UK businesses are not using the expertise of their HR professionals to formulate business strategy while reward is too rarely linked directly to high individual performance. According to the survey by outsourcing firm PlusHR, 75% of HR professionals not being … Continue reading
Nigeria Economy Society – Unemployment, job creation top agenda
Unemployment, poverty reduction and job creation, especially among the youth in the country, is expected to be the main focus of the Nigeria Economy Society (NES) conference which kicks off today in Abuja, the president of the group, Professor Akin Iwayemi has said. Addressing newsmen yesterday in Abuja ahead of the 53th Annual NES conference, … Continue reading
KPMG – More Than 300 Layoffs Projected
Uncertainty over the Eurozone debt crisis and stagnant growth in economies all over the world has forced businesses to cut back on growth expectations. These concerns have forced the firm to consider cutting employees from its UK offices. KPMG has not announced any layoffs in over 10 years. The firms were an unexpected announcement and … Continue reading
Apple – Angry employees
Apple UK, US, and Canada have all reported huge layoff numbers across Apple retail store outlets. Recent training groups all within their probationary period have been given the pink slip. We even hear recently promoted Apple employees being demoted back down to their original positions, all while part-time employees disappointingly discover zero hours per week … Continue reading
Taiwan – Mass layoffs reach highest in 4 years
Fifty Taipei companies had announced mass layoffs by mid-August this year, the highest in four years, reported the city’s Labor Department yesterday. According to the agency, “mass layoff” is defined by law as the letting-go of 20 workers in a single day or a third of a workforce within 60 days by a company with … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
Job Gap – About 14 million jobs need to be created says OECD
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading
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