Job Market Monitor
Michel Cournoyer
Market Economy | The labor market has been creating much more inequality over the last thirty years
“The labor market has been creating much more inequality over the last thirty years, with the very top earners capturing a large fraction of macroeconomic productivity gains. A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II – … Continue reading
Common Phone Interview Questions by Interviewers
Dougles Chan – Being prepared for a phone interview is very important because it is the bridge for you to be invited for an official face-to-face interview. Hence, you can get prepare of the phone interview by knowing what are the possible questions the interviewers will ask you. Having good and adequate preparation on what are the … Continue reading
Australia | More Westpac jobs go offshore
The Australian – WESTPAC is ramping up its outsourcing strategy by sending a further 126 positions offshore, adding to the growing number of job losses across the finance sector and sparking calls the banks are in a “race to the bottom” to rein in costs to protect profits. After cutting at least 748 jobs across … Continue reading
Crawley | MP welcomes 500 new Tesco jobs
Crawley Observer – Henry Smith MP today welcomed the news that a new Tesco.com store is to be based in Crawley, creating 500 more jobs for the local economy. Henry commented: “As part of Tesco’s powerful economic stimulus announced earlier today, Tesco will be establishing a large new Tesco.com base in Crawley and creating 500 … Continue reading
Rio Tinto | 300 workers lose job at metal plant
The Press Association – More than 300 jobs are to be lost after mining giant Rio Tinto Alcan confirmed it will shut an aluminium smelting plant later this month. The site at Lynemouth, Northumberland opened in 1972 and employs 515 staff, alongside 111 staff who work at a power station 200 metres away. Confirming closure plans first … Continue reading
Hasbro | 170 jobs lost, mostly in U.S. and Canada
Reuters – Hasbro Inc (HAS.O) is cutting about 170 jobs as the second-largest U.S. toy company tries to recover from sluggish sales during the holiday season. Most of the jobs are in the United States and Canada, company spokesman Wayne Charness said, including “about 55” in Rhode Island where it is based. “These moves were … Continue reading
Germany | Protesters ask to “Protect Solar Jobs!”
Renewable Energy – “We are the energy transition!” read one of the many placards hoisted in the air at the Germany-wide “Stop the Solar Energy Exit” demonstration at Berlin’s Brandenburg Gate on Monday. According to the event’s organizers, 11,000 people were on hand for the protest against the Merkel government’s energy policies. The protesters and … Continue reading
China | Manufacturing | To dominate the Solar Industry
Huff Post – That the goal of the Chinese is to dominate the global solar and renewable energy industry is clear. A report released in February by the Senate Finance Committee’s Subcommittee on Trade titled “Losing the Environmental Goods Economy to China” provides ample evidence. According to the Subcommittee’s report: • The U.S. trade deficit in … Continue reading
UK | Firms asked to stop hiring foreign workers by minister Damian Green
NDTV – Amid increasing curbs on Indian and other non-EU professionals, UK authorities on Tuesday asked companies in the country to stop their “addiction” to recruiting foreign workers and hire local workers instead. Thousands of Indian professionals migrate to the UK under the ‘intra-company transfer’ and other routes, but recent and proposed changes have been strongly … Continue reading
Cloud Computing | 14 Million New Jobs by 2015 and US$1.1 trillion a year in new business
Microsoft – A new Microsoft-funded IDC study shows businesses that move to the cloud are freeing up time and money to invest in innovation and job creation. Among the study’s findings: • Cloud computing will create nearly 14 million new jobs between 2011 and 2015. • By 2015, business revenues from IT innovation enabled by … Continue reading
India | Productivity | ‘Paraskilling’ creates new jobs by slicing old ones to bits
CSMonitor – How can you reduce surgery costs while boosting local employment? Paraskilling, that’s how. The paraskilling framework is as old as the assembly line, but it’s got a new modus operandi. By re-engineering complex systems into simplified tasks that can be performed by a larger, lower-skilled workforce, an organization is able to cut its … Continue reading
German Gender Gap | Most unfair society in Europe says an OECD Report
The Local – German women have to contend with the biggest gender gaps in wages and career opportunities in Europe, according to a new study by the Organisation for Economic Cooperation and Development (OECD). The report found that women in full-time jobs earn an average of 21.6 percent less than their male colleagues. This is … Continue reading
GM | Job losses to come from its European business
The Guardian – GM would stick to a labour deal that limits factory closures before 2014, Girsky indicated nonetheless that there would be job losses from its European business. “We know in the future that there may not be the same amount of people here as there are today. It is important that we create … Continue reading
UK | More graduates in low skilled jobs
BBC News – Recent graduates are more likely to be working in lower skilled jobs than they were 10 years ago, new figures show. Over a third of recent graduates were in non-graduate jobs at the end of 2011 – up from around a quarter in 2001. The figures, from Office for National Statistics, also … Continue reading
China | Quality is Job No 1
China Daily: The most important task facing China’s economy in 2012 is to improve the quality of economic growth, including energy conservation, emissions reduction, and industry restructuring, said renowned economist Li Yining, a member of the Chinese People’s Political Consultative Conference, at a panel discussion of economic experts on Tuesday. The 2011 Central Economic Work Conference, … Continue reading
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