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In the News
Twinkies are coming back
Twinkies are coming back from the dead, and the Indianapolis Hostess plant on Shadeland Avenue is expected to be fired up again. Additionally, the Columbus plant may be used as a distribution center. “Well they need to be out here [because] no one can take their place,” said former employee Kevin Townsend. “That’s for sure.” … Continue reading
AOL Music Is Closing
AOL employees revealed Friday on Twitter that news website AOL Music and properties associated with it will close and employees in the division will be immediately laid off. Spinner, a rock news website under the AOL Music umbrella, tweeted (and then deleted) this message to its 48,000 followers: “Hey guys. Just found out from AOL … Continue reading
Gen Y / The largest generation in American history in the cradle
The nearly 3.7 million American babies born in 1982 weren’t special, except to their families. But in the eyes of demographers, they were categorically different from the 3.6 million Americans born in 1981. They were the first members of a new club: Generation Y. This so-called millennial cohort, the largest generation in American history, landed … Continue reading
Spain / Co-operatives create 8,000 new jobs while unemployment hits record level
At a time when more then six million people are unemployed across Spain, co-operatives have managed to not only maintain, but also increase the number of jobs by 7.2 percent in the third quarter of 2012. By contrast, the unemployment rate in Spain has reached 27.2 per cent, the highest since 1976. Although it has … Continue reading
France / Hollande will miss job target poll says as unemployment hits record level
An overwhelming majority of French people believe President Francois Hollande’s government will fail to reduce record high unemployment this year, a poll showed on Friday. The government is clinging to the Socialist leader’s pledge to revert a relentless unemployment rise even as data showed on Thursday that more people were jobless than any time on … Continue reading
UK / Capgemini to create 500 new jobs
French call centre operator Capgemini has said it will create 500 new jobs in Inverness over the next three years. The company employs about 500 people in the Highlands at the moment and more than 120,000 worldwide. First Minister Alex Salmond, who attended the jobs announcement in Inverness, described the move as “immense”. Capgemini is … Continue reading
US / The Skills Gap is good for technical college graduates
Tabetha Moore was a year away from earning her associate’s degree in human resources when a local manufacturing company gave her a full-time job in her field and agreed to pay for her last two semesters of school. The 21-year-old hasn’t yet negotiated the salary she’ll earn after obtaining her diploma from Fox Valley Technical … Continue reading
Sri Lanka / Youth unemployment one of the highest in the world, especially for young females
The World Bank’s flagship report World Development Report 2013 highlights the burning issue of youth employment in Sri Lanka, especially among females. Jesko Hentschel, Co-Author and Deputy Director of the World Development Report 2013: Jobs said, “One of the biggest challenges facing Sri Lanka is to improve women’s employment opportunities, especially for the young female … Continue reading
REpower Systems to cut 750 jobs
REpower Systems SE, the Indian wind turbine maker Suzlon Group’s German arm, said on Friday it would reduce up to 750 jobs across the world as part of its plan to achieve cost savings of about 100 million euros ($130 million) in the current fiscal year. “Whilst the long-term outlook for the sector remains strong, … Continue reading
Electronic Arts / Layoffs for hundreds of employees
Electronic Arts announced on April 25 that the company is currently going through an organization restructure. As a result of this restructuring, it has led “to some difficult decisions to reduce the workforce in some locations.” The company went on to share that they are grateful for the contributions made by each of their employees … Continue reading
Iberian Peninsula: Protesters for “6.2 million reasons”
The Iberian Peninsula has once again been engulfed in protest, as police used brute force to disperse thousands in front of the Spanish Parliament in Madrid while in Portugal citizens climbed on top of a tank to make themselves heard. Police detained at least 15 in Madrid, including one minor, as they used force to … Continue reading
Banks aren’t the big jobs machines they used to be
One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed that they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce, in the past year. For three of those banks, it was the … Continue reading
The number of young people out of work globally is nearly as big as the population of the United States
“YOUNG people ought not to be idle. It is very bad for them,” said Margaret Thatcher in 1984. She was right: there are few worse things that society can do to its young than to leave them in limbo. Those who start their careers on the dole are more likely to have lower wages and … Continue reading
France / A Lost Generation There Too
When she embarked on a university degree at 18, Caroline never imagined she would still be living like a student a decade later, unable to land a permanent job and stuck in a cramped spare room in her father’s flat. An engaging 27-year-old with a literature degree and a masters in communications, she is one … Continue reading
US / What about the 22 percent of young people who drop out of high school?
In the U.S., the percentage of high school graduates by state ranges from 62 percent (Nevada) to 88 percent (Iowa), with an overall average of 78 percent. What about the 22 percent of young people who drop out of high school? What are their prospects? From a historical perspective, this chart shows the economic impact … Continue reading
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