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Nordea Bank AB (NDA) / 2,500 jobs cut is not enough
Nordea Bank AB (NDA) will need to cut more than the 2,500 jobs already axed to adjust to slow growth, as Scandinavia’s biggest bank focuses on increasing rewards to shareholders, Chief Executive Officer Christian Clausen said. “Exactly how we’re going to do this thing is not that clear,” Clausen said today in an interview in … Continue reading
Inequality in US / 10 annual bonuses (Infographic)
Despite Occupy Wall Street protestations, the income inequality between top earners and bottom employees continues to rise, with JC Penney’s CEO making about 1,800 times more than the stock room boy. Here are 10 annual bonuses that will make you think twice about keeping your job. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Malaysia / Vocational students to increase by 20 per cent this year
The Education Ministry is transforming vocational education in the country by expanding its physical facilities to accommodate an increase of 20 per cent more students this year. Deputy Prime Minister Tan Sri Muhyiddin Yassin said it was aimed at meeting the trained manpower needs in various industries which required skilled workers. He said the reception … Continue reading
Airbus / To cut 5,291 jobs in Germany
Airbus Group (AIR.PA) has told its unions it will shed the equivalent of 5,291 jobs as part of a restructuring of its defense and space activities, with the axe falling most heavily in Germany, a union source said on Monday Continue reading
Rabobank / To cut up to 2,000 jobs in Netherlands
Rabobank Group, a Dutch lender, is planning to cut between 1,000 and 2,000 jobs in the next several years, as part of a strategy to trim down costs by 2016. Rabobank CEO Ralf Dekker was quoted by NL Times as saying “Operating from within a central organization with lower overhead, makes it better, faster, and … Continue reading
Layoffs in Pharmaceuticals / The top 10 largest in 2013
The patent cliff is often the big culprit. One might think that a one-to-one relationship could be graphed between what is happening with the patent cliff and layoffs, but that is not the case Continue reading
US Solar Industry / Nearly 24,000 additional solar workers over last year
On January 27th, 2014, The Solar Foundation released National Solar Jobs Census 2013, which found that the U.S. solar industry currently employs over 142,000 Americans Continue reading
Canada’s Job Record / Clearly near the top
According to the OECD, Canada comes out on top if you look at the employment rate of everyone over the age of 15 Continue reading
Lloyds / To cut 1,080 jobs
Lloyds Banking Group plans to axe 1,080 jobs and outsource more than 310 roles as part of a continuing overhaul of the business Continue reading
Europe / 31.2 million people of all ages are either looking for jobs, willing to do so
Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. While economists predict unemployment in December stayed at an all-time high of 12.1 percent, with about 19 million jobless, that tally excludes legions of adults who would … Continue reading
US Veterans / 100,000 Jobs Mission reaches goal seven years early
The 100,000 Jobs Mission announced today that its coalition members hired a total of 117,439 U.S. military veterans by the end of 2013 — surpassing the coalition’s original goal seven years early. “Reaching this important milestone is great news for veterans and employers alike,” said Maureen Casey, Director of Military and Veterans Affairs at JPMorgan … Continue reading
Wal-Mart’s Sam’s Club / To cuts 2,300 jobs
Wal-Mart Stores Inc (WMT.N) said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam’s Club retail warehouse chain, its biggest round of layoffs since 2010. The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy’s Inc (M.N), J.C. … Continue reading
Jobs problem will be “the defining one” for next 20- 30 years says Google chief in Davos 2014
“It’s clear to me that we can get full employment, but wages are still depressed,” Schmidt told the forum. Continue reading
IMF / ‘Jobs and Growth: Supporting the European Recovery’ to be launched in Brussels, Belgium on January 28
IMF Managing Director Christine Lagarde will introduce the session, followed by comments from Wolfgang Schäuble, Finance Minister of Germany, and Luis de Guindos, Minister of Economy and Competitiveness of Spain. The event will be chaired by Fabian Zuleeg, Chief Executive of the European Policy Centre Continue reading
Turkey / Labor market performance after the crisis has been remarkable says a report
From 2009-2012 the country created some 3.5 million jobs while employment in the European Union fell by 2 million during the same period Continue reading
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