Job Market Monitor
Michel Cournoyer
Balfour Beatty | 12,000 jobs at risk
Britain’s biggest construction company Balfour Beatty (BALF.L: Quote) has warned all its 12,000 staff in the UK that their jobs are at risk, the construction industry magazine Building reported on Wednesday. Read More @ Balfour Beatty warns 12,000 jobs at risk: report | Business | Reuters.
Ontario | Toyota adds 400 more jobs
Toyota announced Wednesday it’s increasing production by 50,000 vehicles and adding 400 jobs at its Woodstock, Ont., assembly plant to meet growing demand for the RAV4. The automaker may also be looking for a North American home for some of its Japanese-based production because the value of the yen remains high… Read More @ Toyota adds … Continue reading
Australia | Small rise in the number of job vacancies
THE small rise in the number of job vacancies reported today is not enough to provide real hope that a solid pickup in jobs growth is under way… Data from the three-monthly survey by Australian Bureau of Statistics (ABS) showed the number of job vacancies across the nation rose by 0.3 per cent between November … Continue reading
Daio Paper Corp. to cut 900 jobs
Daio Paper Corp. will cut 900 jobs within three years by not replacing retiring workers, it said in a statement. Daio expects the job cuts to lead to about 5.5 billion yen of savings annually. The stock slipped 1.2 percent to 498 yen. via Ashok, Cheung Kong, Hankyu, Nippon, Suzlon: Asia Stock Preview – Bloomberg.
Philippines | Skills Gap | 2M jobs available this year
JOB vacancies up for grabs in the Philippines could hit 2 million this year in the five hottest fields: information technology, engineering, finance, sales and customer service, according to internet recruitment web-based firm Jobstreet.com. Jobstreet.com said in 2011, there were 2.7 million job vacancies, of which 40 percent were posted by the Malaysian-listed firm. Yoda … Continue reading
WindTronics leaves Windsor | Goodbye to 200 subsidized jobs
A local wind turbine manufacturer that blew into Windsor with great fanfare is leaving. After two years in operations, the president of WindTronics said the provincial feed in tariff (FIT) program is not working for him, so he’s moving the business to Michigan. Michigan-based WindTronics produced small residential wind turbines. They are to be used … Continue reading
Rogers to cut 300 jobs as BCE-Astral deal likely to spur job cuts
Rogers Communications plans to cut 300 jobs across Canada, according to MediaCaster magazine. The layoffs will be spread out across the company’s various divisions, which include cable, telecom and Internet services, TV and radio stations and magazines. Read More @ Rogers plans to cut 300 jobs | Money | Toronto Sun. _______________________________________________________________ BCE-Astral deal likely to … Continue reading
Best Buy | Large Stores Closing and Layoffs to Come
Best Buy Co.reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper cuts to turn around the world’s largest consumer electronics chain… Read More @ Best Buy to close stores, cut jobs on 4Q weakness – South Florida Sun-Sentinel.com.
News | Jobless Claims Reach New Four-Year Low
“New claims for unemployment benefits fell to a new four-year low in the United States last week, according to a government report. A separate report confirmed the American economy expanded at an annual rate of 3 percent late last year” reports the NYT. ______________________________________________________ Unemployment Insurance Weekly Claims Report (Excerpts from the Press Release) SEASONALLY ADJUSTED … Continue reading
Ireland falls back into recession
“Republic of Ireland falls back into recession. The country had to be bailed out after a property market crash” reports bbc.co.uk. The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown. Its economy shrank by 0.2% from October to December, following a contraction of 1.1% in the third … Continue reading
U.S. | Only 56 percent of college students complete four-year degrees within six years
“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken” according to the Pathways to Prosperity study by the in 20 Harvard Graduate School of Education. Only 56 percent of college students complete four-year degrees within six years. Only 29 percent of those who start two-year degrees finish them within three … Continue reading
Talent War | Germany Woos Portugal’s Lost Generation – SPIEGEL ONLINE
“The crisis-hit nations of southern Europe have one booming industry left — their skilled workers are in high demand in Germany, which has a chronic shortage of qualified labor. German employers in search of nurses and engineers have launched a recruitment drive in Portugal, where over a third of young people are unemployed” writes Christoph Paulyon spiegel.de. … … Continue reading
Job Interviews | Some Employers are asking for Facebook and email passwords
Daily Mail – Setting high privacy controls and de-tagging yourself in photos may not be enough to keep potential employers from having concerns about your social media self. Rather than trying to get around the pesky password protections of Facebook and email accounts, certain government agencies and colleges are cutting straight to the source. Some … Continue reading
Tips for a Job | Interviewers Aren’t Friends | Must-Ask Questions | Body Language Mistakes | Qualities In the Eyes of Hiring Managers
The week is rich in tips. Here are some articles chosen by Job Market Monitor. 3 Reasons Why Your Interviewer isn’t Your Friend | CAREEREALISM I’m going to tell you something that shouldn’t come as a surprise. Ready? Okay… Your interviewer is not your friend. But you already knew that, right? So, why do so many job … Continue reading
U.S. | Job Market Improving | Quits increase and the number of unemployed per job opening falls
“Quits tend to rise when there is a perception that jobs are available and tend to fall when there is a perception that jobs are scarce” writes BLS. The good news, they are rising. Moreover, the number of unemployed persons per job opening is decreasing. The number of quits has exceeded the number of layoffs and discharges … Continue reading
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