Job Market Monitor
A Closer Look
Hiring is back at US colleges – Reuters
Hiring is back in a big way on many college campuses, one of several signs a recovery in the U.S. jobs market is gaining traction. After four years during which many students graduated to find no job and had only their loans to show for their studies, most college campuses are teeming with companies eager … Continue reading
Yahoo layoffs coming next week
Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according to the … Continue reading
Comet confirms Hull call centre closure and layoffs
Hundreds of jobs are to be lost in Hull after electrical retailer Comet announced it was closing a call centre in the city. Comet said last year it would close a site in Hull or Clevedon, near Bristol, as part of a restructuring programme. It has now confirmed it is closing the centre in George … Continue reading
Skill Gap | Matching Education to Jobs – Businessweek
Educational achievement in America, once the envy of the world, has slipped steadily over the past couple of decades. At the same time, U.S. businesses increasingly suffer from a shortage of skilled workers in many technical and specialist fields, even as overall unemployment remains distressingly high. For all these problems, there is a practical solution … Continue reading
Sega Planning Layoffs – PCMag.com
Sega is downsizing its home video game business in the U.S. and Europe in a restructuring that will result in game cancellations and an unspecified number of layoffs. Parent company Sega Sammy announced its plans for the “structural reform” in a statement to investors on Friday. The company estimates that it will record an “extraordinary … Continue reading
Arab Spring turns to economic winter
The world’s highest youth jobless rate left the Middle East vulnerable to the uprisings that ousted Egypt’s Hosni Mubarak and three other leaders in the past year. It has got worse since then. About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades. Unemployment in Tunisia, … Continue reading
North-East UK | 450 jobs go
MORE than 450 North-East workers were facing redundancy last night after another grim day for the regional economy. Two of the North-East’s major employers announced the bad news as an international think-tank said the spectre of a UK double-dip recession was now a reality. About 350 jobs are at risk at the Kerry Foods processing … Continue reading
Germany | Schlecker | 12,000 jobs lost
Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free Democrats. The junior partner in Chancellor Angela Merkel’s coalition government opposed a 70-million-euro loan guarantee. The package would have backed a retraining and job placement scheme for Schlecker employees. Katja Deuser, … Continue reading
VG247 | GAME stores shuttered, 2,104 jobs cut
MCV has a full list of the 277 GAME and Gamestation stores closed during the first day of administration by PWC. While the firm said earlier that it believes there is still room for a high street specialist chain, it made significant closures across the UK and Ireland; up to 300 outlets are expected to … Continue reading
Australia | Bunnings creates 6,000 jobs
Hardware chain Bunnings has announced plans to create 6,000 jobs in the next three years as part of its longstanding expansion plans. The company says it will spend $1.5 billion building 85 new stores across Australia and New Zealand… Read More @ Bunnings expansion to create 6,000 jobs – ABC News (Australian Broadcasting Corporation).
OECD | UK | Back in recession – The Guardian
The UK is heading back into recession and will be among the slowest of the world’s largest economies to recover in the first half of this year, according to a study by the Paris-based thinktank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the … Continue reading
Canada | Budget | DND cuts account for one-fifth of federal budget cuts over next three years – Winnipeg Free Press
Roughly one-fifth of all federal cuts over the next three years will come out of the Defence Department, the budget tabled Thursday by Finance Minister Jim Flaherty indicates. It is a substantial hit for a department that for many years saw generous increases under the Harper government and whose budget had approached $21.2 billion last … Continue reading
Nokia | 1,000 job cuts in Finland – Reuters
Nokia (NOK1V.HE) finished on Thursday job cut talks with the staff at its plant in Salo, Finland, resulting in planned lay-offs of up to 1,000 people. The jobs at the last large cellphone manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June, the company … Continue reading
UK | 1,800 jobs cut under MoD reforms – The Guardian
In a written statement to Parliament, defence personnel minister Andrew Robathan said he regretted the uncertainty and anxiety caused to staff involved but said the Government “can and will” make changes in guarding and civil policing. Under the measures, the MoD Police is to downsize from a current strength of just under 3,100 to about … Continue reading
Exar Cutting More Than 30% of Jobs
The chipmaker Exar this morning said it has expanded its cost reduction program, cutting about 120 jobs, or about 30% of worldwide headcount. The move is intended to save about $12 million a year, about 30% of that in operations and 70% in R&D and SG&A. The cuts follow a previous round of cuts in … Continue reading
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