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UK / Number of jobs requiring a degree higher than those not needing any qualifications
The number of jobs in the UK requiring a degree has overtaken the total of posts not needing any qualifications, an employment survey suggests. More than a quarter of jobs are now available only to graduates, it says. The study shows a major shift in the job market towards requiring many more skilled workers, as … Continue reading
US / The Uneven Recovery: Only the Top 7% get A Rise in Wealth
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau … Continue reading
UK / Workers are giving 10 hours free labour a week
UK workers are giving their bosses an extra 10 hours of free labour every week in a bid to manage workloads and keep line managers happy, a survey by Travelodge has found. In the survey of 2,000 workers across the UK, free hours were found to translate into savings of £6,635 for companies. Across the … Continue reading
UK / HSBC bank cutting 3,166 jobs
HSBC is cutting 3,166 UK jobs as it continues efforts to reduce costs. The bank said the positions would mostly go from its wealth management division, but that it hoped to redeploy more than 2,000 of the affected staff. The cuts are part of HSBC’s continuing three-year cost-cutting plan, and follows the loss of 2,200 … Continue reading
US / Corporate pension funding: the Gap jumped 17 percent to $295.2 billion
The funding shortfall bedeviling the 100 largest U.S. corporate pension funds rose for a second straight year in 2012, as a strong stock market and hefty plan contributions failed to offset damage done by persistently low interest rates, according to an analysis by Towers Watson released on Monday. The gap between what these corporations, all … Continue reading
China / Film and TV supported 909,000 jobs in 2011
As Hollywood treks to China for the 3rd Beijing International Film Festival, a new report has revealed that the film and television industry contributes big bucks to the local economy. According to a study sponsored by the Motion Picture Association (MPA) and the China Film Distributors and Exhibitors Association (CFDEA), movies and TV added $15.5 … Continue reading
Ireland / Retirement age should rise says OECD
A sweeping pensions shake-up would see people forced to work longer, hand over more of their income, and be means tested on payments they receive. The recommendations are contained in a hard-hitting report from the OECD and strongly signal that the retirement age — already set to be pushed back to 68 — should be … Continue reading
Illinois / The jobs crisis: only Nevada has a higher unemployment rate
The economic recovery in Illinois remains terribly weak. Our state has failed to make a strong comeback from the Great Recession that ended four years ago, in June 2009. We are falling further behind not just Texas, but practically every other state — including states such as Indiana that can make stronger arguments for luring … Continue reading
Australia / Is it wise to insist that everyone complete year 12?
A significant number of young Australians can’t stand school and many people are ill suited to a university education. So is it wise to insist that everyone complete year 12? Should we be encouraging ever more young people to get an uni degree? Do we need a complete overhaul of vocational education and apprenticeships? Paul … Continue reading
Europe / SABIC to cut over 1,000 jobs
Petrochemicals giant Saudi Basic Industries (SABIC) has announced plans to cut about 1,050 jobs in Europe and close some operations as part of a restructuring operation brought about by a gloomy business outlook. Chosen excerpts by Job Market Monitor via SABIC to cut over 1,000 jobs in Europe.
China IT firm in U.S / 200 new jobs paying on average $100,000
The largest information technology consulting firm in China said Monday it will plant its new U.S headquarters in Charlotte, bringing 200 jobs with an average salary of $100,000. Pactera Technology International, a Beijing-based firm with 23,000 employees worldwide, will make its U.S. headquarters in SouthPark Towers at 6100 Fairview Road, not far from SouthPark Mall. … Continue reading
New Brunswick / Close to 400 jobs will be cut this year | Globalnews.ca
New Brunswick Health Minister Hugh Flemming says almost 400 jobs will be eliminated from the province’s health care system during the next year as the government looks to cut costs. Flemming says the changes are needed to rein in spending so that per capita health care costs are closer to the national average of about … Continue reading
Ireland / 20,000 manufacturing jobs could be lost within seven years
THE Government is planning to deliver an extra 20,000 manufacturing jobs over the next three years – in a move away from the “madness” of the property boom. Ministers have complained that too much money and staff went into building houses instead of “making things” that other countries want to buy. The urgency to take … Continue reading
UK / Honda workers get redundancy letters
YESTERDAY was described as a dark day for Swindon, after letters went out to employees of Honda informing them they have been provisionally selected for compulsory redundancy. It is believed that more than 100 letters have gone out to indirect staff – those who don’t work on the production line – and the mood at … Continue reading
UK / Supermarket Asda to create 2,500
Supermarket giant Asda has revealed plans to make a £700m investment into its operations in a move expected to create 2,500 jobs. The investments include a new same-day delivery service for food orders, plus an injection of capital into its stores and supply chain. It comes as the Leeds-headquartered retailer, which is Yorkshire’s biggest company, … Continue reading
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