A Closer Look

Merck pharma closes Swiss HQ- 580 jobs

The job losses at biotech firm Merck Serono were part of a wider restructuring plan “to create a leaner, more agile organisation,” the company said in a statement. “The planned measures for Merck Serono’s operations in Switzerland are needed to ensure our global competitive position in a rapidly changing market and to secure the long-term … Continue reading →

Sony to hire 500 people in India

In contrast to its loss making Japanese parent, Sony India today said it is registering “healthy profit” and even plans to increase its headcount by 500 people in the current financial year. “The situation in India is different from the other global markets, where Sony is witnessing pressure. We are having strong growth and healthy … Continue reading →

Global skills gap leaves 10 million manufacturing positions unfilled says World Economic Forum in collaboration with Deloitte Touche Tohmatsu

The report,The Future of Manufacturing: Opportunities to Drive Economic Growth, by the World Economic Forum in collaboration with Deloitte Touche Tohmatsu Limited  estimates that 10 million manufacturing jobs worldwide cannot currently be filled due to a growing skills gap. This shortage is pervasive despite the high unemployment rate in many developed economies where companies are struggling to … Continue reading →

CA | No Jobs for 43% of Newly Licensed Nurses

Forty-three percent of California nurses, who were newly licensed RNs in the previous 18 months, said they had not landed their first job, according to a Fall 2011 survey conducted by the California Institute for Nursing & Health Care (CINHC). The survey was conducted in collaboration with the California Board of Registered Nursing (BRN), California … Continue reading →

India | TCS to hire 50,000

Buoyed by good momentum, IT major Tata Consultancy Services (TCS) on Monday said it will hire 50,000 people in FY’13. “TCS is well prepared to achieve balanced growth across the industries and markets it operates in FY’13. In view of good momentum, we are targeting to hire 50,000 people this year,” TCS CEO and MD … Continue reading →

The U.S. Unemployment Map

It’s the economy, not the taxe code, which generates inequalities

The economic framework that has recently defined our politics should be replaced by a new narrative writes William A. Galston, one that runs as follows: In recent decades, changes in the structure of our economy and politics have created a dramatic increase in income inequality; while changes in our tax code did not contribute materially … Continue reading →

Free Secondary Vocational Education on the radar in Russia

Secondary vocational education will soon be free in Russia, the country’s Education and Science Minister Gennady Shepelev told reporters in Moscow on Monday. He declined to elaborate on the exact date. Shepelev recalled that 27 percent of students of Russian elementary vocation training colleges still pay for the studies. He also admitted that graduates’ job … Continue reading →

Wall Street preparing to cut jobs

Having already slashed bonuses, banks including Citigroup Inc.,Goldman Sachs Group Inc., J.P. Morgan Chase and Morgan Stanley are preparing to cut dozens of jobs, including some held by senior bankers, according to people familiar with the matter. As they pursue this targeted round of trims as soon as next month, they and rivals are also … Continue reading →

68% Know a Laid-Off Worker finds Gallup

Sixty-eight percent of Americans say they know someone personally who has been laid off or lost their job in the last six months — the highest in Gallup’s history of asking this question. Source: via Most in U.S. Know a Laid-Off Worker, but Don’t Fear Job Loss.

Detroit budget | 2,500 layoffs

Detroit Mayor Dave Bing’s adminstration has laid out a budget proposal that would cut more than 2,500 jobs and shave $250 million from the city’s annual expenses. Chief Operating Officer Chris Brown told City Council members Monday the layoffs would be in addition to 1,000 job cuts Bing sought earlier. Brown says the city’s general … Continue reading →

Number of long-term unemployed older workers is 5 times greater

During the recession and its aftermath, the number of long-term unemployed older workers more than quintupled, the greatest percentage increase out of all age groups, from 325,000 to 1.8 million. In 2011, more than half of older jobless workers were out of work for at least six months. And 4 in 10 older jobless workers … Continue reading →

CSC to axe 640 Lorenzo jobs according to union

US company CSC is to cut 640 UK jobs relating to its ‘unworkable’ Lorenzo NHS IT contract, taking the total of announced job cuts to over 1,100 since February, according to the Unite trade union. The majority of cuts will affect CSC employees in Chesterfield, Chorley, Leeds and Solihull, Unite said in a statement on … Continue reading →

ST-Ericsson will cut 1,700 jobs

Chip maker ST-Ericsson will cut 1,700 jobs and shift a key part of its product to parent STMicro, forcing the French co-owner to focus more on its loss-making and volatile wireless business. ST-Ericsson said it would partner with STMicro to develop application processors, after failing to cut a deal with one of four other companies. … Continue reading →

Tips to grads

The industry watchers also offered five tips on how fresh graduates can distinguish themselves for the right reasons, and not stick out for the wrong ones. 1. Come with real-world work experience 2. Clean up your online image 3. Shine during interviews 4. Don’t sell yourself short, but watch the ego 5. Look the part … Continue reading →