Job Market Monitor
A Closer Look
Higher or vocational education? A conversation on TED.com
In the last years the idea that higher education can actually be considered a bubble took shape and is increasingly brought to debate. In more and more countries there are dozens of students graduating and instead of entering the workforce, they go straight to unemployment. With some notable exceptions (like Computing, Medicine etc.) there are … Continue reading
Orion bus manufacturing to layoff
It’s too soon to tell how many layoffs will be coming to the Orion bus manufacturing facility, a Daimler spokeswoman said today. The company announced this morning it would cease bus manufacturing operations in North America. A similar facility in Mississauga, Canada, will be closed, while certain operations will be continued out of the company’s … Continue reading
Aurora Bank | 450 layoffs in Indianapolis
About 450 employees are facing layoff from their jobs with the Indianapolis offices of Aurora Bank FSB, a financially-troubled mortgage servicer that has been for sale. The Delaware-based bank and mortgage institution, a division of financially-troubled Wall Street firm Lehman Brothers, filed a letter warning of the job cuts that was posted today on the … Continue reading
Targacept to layoff 46 percent of workforce
Targacept is slashing its workforce by nearly half, part of a restructuring plan that comes one month after its lead drug candidate, a depression drug, failed the last of a series of phase 3 clinical trials. The company is laying off 65 employees, approximately 46 percent of its staff. Also departing the company will be … Continue reading
Progress Software To Layoff 10-15% of Employees
Business software solutions provider Progress Software Corp. (PRGS: News ), Wednesday revealed new restructuring plans to divest ten of its non-core product lines and layoff about 10 to 15 percent of its total workforce. The Bedford, Massachusetts-based company deemed the the new steps as necessary to improve profitability and shareholder value. The company also authorized … Continue reading
Early retirements save jobs at Crozer-Keystone Health System
With 196 employees accepting the early retirement offer, officials at the Crozer-Keystone Health System whittled the number of employees targeted for layoff from 325 to 30. “We were very, very lucky,” Crozer-Keystone Vice President of Marketing Kathy Scullin said. “Because so many people took it, we were able to greatly reduce the number of people … Continue reading
San Diego Unified School District Board of Education To Layoff Nearly 1,000 Employees
The San Diego Unified School District Board of Education voted 3-1 Tuesday night to issue layoff notices to about 975 full- and part-time classified employees for the next fiscal year to help balance a budget deficit that could reach $122 million. Notices would be issued to affected employees, which include library assistants, custodians and assistants … Continue reading
Higher Education in India | To double the enrollment ratio from 17% to 30% by the year 2020
Higher education in the country is set to get a boost with the HRD ministry finalising plans worth Rs. 80,000 crore inorder to improve access to colleges and universities. The UPA government has embarked upon an ambitious plan to double the gross enrollment ratio (GER), from present around 17% to 30% by the year 2020. For … Continue reading
Canadians Among the Most Satisfied Employees in the World finds Randstad
According to the latest Randstad Workmonitor study, which surveys employees in 32 countries around the world, one out of three Canadians say they are very satisfied with their current employer – placing Canadians amongst the highest employee satisfaction levels reported globally. The Randstad Workmonitor asked workers from around the world to rank their satisfaction level … Continue reading
UPDATE – Wall Street cuts jobs | 459,400 jobs in four years
U.S. financial sector loses 459,400 jobs in four years – The Business Journals The recession may officially be over, but its effects are lingering in the financial sector. The nation’s 100 biggest metropolitan areas lost a collective total of 459,400 financial-activities jobs during the past four years, according to an On Numbers analysis. The U.S. … Continue reading
Police jobs | Work-life imbalance
Canadian police officers are well-paid but have significant stress and health problems because of work demands and have little in the way of work-life balance, according to national study unveiled Tuesday. The survey of 4,500 police officers from 25 police forces found while the work culture for police involves shift-work, long hours and attention to … Continue reading
The majority of voluntary sector organizations have been impacted by the recession in UK
During 2008 and 2009 the UK experienced the longest post-war recession on record with six consecutive quarters of contraction. This most immediately and visibly impacted upon the private sector. But subsequent reductions in public spending amidst a period of low growth have increasingly impacted upon the public and voluntary sectors. At the beginning of 2010, 59% of charities reported that … Continue reading
HSBC | 2,000 UK layoffs
Banking giant HSBC is this week expected to announce some 2,000 UK job cuts as part of a restructuring of its global business. The axe is expected to fall on nearly 4% of the bank’s 52,000-strong UK workforce in a drive to slash costs and help the business react to the tougher climate in the … Continue reading
UK | It is legal for companies to force retirement if in ‘public interest’
Companies could, for example, say they needed to dismiss older workers at 65 to make way for more entry-level jobs and younger staff climbing the career ladder, the long-awaited judgment signalled. It is the first time the “public interest” defence has been applied to age discrimination law, legal experts said, adding that the case gave … Continue reading
UPDATE – Indian Brain Drain | A law to curb it is coming
Compulsory Brain Drain : Indian Doctors should come back after Higher studies in the US | Asian Correspondent Any doctor who is going to the US for higher medical studies will have to sign a bond with the government that they will return back after their studies. Universities across the US will ask for this … Continue reading
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