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In the News
Australia / Mining / Newcrest axes jobs
Australia’s mining sector is facing more job losses and a halt on investment after Newcrest Mining flagged cuts to its workforce. After last week’s dramas when the gold price plummeted at record rates to two-year lows, Newcrest revealed a sharp nearly one-third jump in its costs from a year ago. The company, Australia’s largest goldminer … Continue reading
Mining / A Skills Gap for a not so much ‘dirty’ work
Canada’s resource sector is facing a skilled labour shortage due to an aging workforce and a scarcity of new skilled workers. In the next five to 10 years, it’s estimated the global mining industry will need well over 55,000 new workers to meet demand. In B.C. alone, according to the Mining Association of B.C., the … Continue reading
Oil and Gas / ACareerJob Addresses the Skills Workers
Jobs in the offshore oil and gas industry are outpacing the availability of skilled workers to fill them. To help bridge the gap, ACareerJob will put its innovative job recruiting and video resume app in front of more than 50,000 oil and gas industry professionals next week at the Offshore Technology Conference. The ACareerJob job … Continue reading
India / 11.3% average pay hike expected in 2013
India Inc is expected to offer average salary increments of 11.3 per cent this fiscal and those working in sectors like pharmaceuticals, healthcare and life sciences are expected to get a hike of 13.1 per cent, a Deloitte survey says. According to the survey conducted by Deloitte India, Human Capital Advisory Services (HCAS), a part … Continue reading
Imtech / 1,300 jobs cut
Imtech (IMUN.AS) said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company. Total costs related to financial irregularities still being investigated in Germany and Poland rose by 70 million to 370 million … Continue reading
Tennessee / State closing 34 career centers
About 125 employees of the state Department of Labor and Workforce Development have been told their jobs are being eliminated and career job services will no longer be provided at 34 locations across the state. Jeff Hentschel, spokesman for the agency, said most of the affected employees were told of the layoffs in a meeting … Continue reading
US / High School Dropouts are Biggest Entrepreneurs
Among America’s most celebrated entrepreneurs are college dropouts like Mark Zuckerberg, Bill Gates, Steve Jobs and Michael Dell. But as it turns out, the country’s most frequent business founders are dropouts of a different kind: They dropped out of high school. That’s according to the latest numbers from the Kauffman Index of Entrepreneurial Activity, as … Continue reading
US / Productivity and Employment: an enlarging Gap
Up until about 15 years ago, you could have nicely employed this picture against your Luddite friends who complain about productivity killing jobs. Until then, the two lines largely grew together. Yes, we were more productive, but growth resulted in higher demand that fed back into the economy’s job-creation function in ways that boosted job … Continue reading
Spain / Population falls
Spain’s official population fell last year for the first time since records began as immigrants fled a five-year on-and-off recession that has sent unemployment soaring. The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday, a figure entirely accounted for by the fall in the number of registered … Continue reading
Gen Y / Looking for flexibility over financial reward
Generation Y would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards, a study published by PwC has found. The PwC NextGen survey of 44,000 workers, in conjunction with the London Business School and the University of Southern California, reveals Generation Y are more likely to stay in a job … Continue reading
UK / Vocational and Technical Education / ‘Tech Bacc’ aims to boost status
Plans to raise the status of vocational courses in sixth forms and colleges in England have been announced. A “technical baccalaureate” is to be introduced showing young people’s abilities in maths, literacy and a high level vocational qualification. This will be a performance measure for schools and evidence of credible skills for students to show … Continue reading
Vietnam / Minimum wage needs to be increased
For decades Vietnam has failed to set a minimum wage that provides enough for people to live on, officials said at a meeting Friday. Vietnam’s minimum wage only meets between 50 and 70 percent of the cost of people’s basic needs, officials said at the conference held by the National Assembly’s Social Issues Committee to … Continue reading
Western Australia / Skilled overseas workers still needed
The resources sector in Western Australia is moving from a construction to operational phase but high levels of new workers are still needed this year and next, including skilled workers from overseas, a new report has found. According to the 2013 State Growth Outlook Study from The Chamber of Minerals and Energy of Western Australia, … Continue reading
Shanghai / Expected job growth making it a the new global financial centre
City workers’ expectations of job growth in London are weakening as it appears Shanghai is becoming the new global financial centre. According to research by Astbury Marsden, 73 per cent of bankers are expecting most new banking jobs to be created in South East Asia with Shanghai seeing the biggest jump in opportunities. Only 11 … Continue reading
Declining advantages for U.S. companies from offshoring
Three economic and financial experts forecast an improvement in U.S. employment as the continuing globalization of national economies continues to lift overseas wages, blunting the advantages U.S. companies derive from offshoring. Bob Baur, chief global economist of Principal Global Investors, Jim McCaughan, chief executive officer of Principal Global Investors, and Drake University law professor Hunter … Continue reading
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