In the News

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Germany / Commerzbank / To cut 1,800 jobs

Germany’s Commerzbank AG said Friday that 1,800 jobs in its German retail branches, or about 11% of the retail jobs in Germany, will be cut by the end of 2015. The bank’s management said it has adopted a policy statement to avoid compulsory redundancies in the process. The bank has said it plans to cut … Continue reading →

San Joaquin Facility / Hiring has begun for 2,400 jobs

Hiring has begun to fill 2,400 positions at the soon-to-open prison hospital in southern San Joaquin County. Most of those jobs will go to folks with medical training, and current or recently laid-off state employees are expected to snag many of them. Nevertheless, the California Health Care Facility, Stockton, will bolster employment and revenue in … Continue reading →

US-Japan / Trade Talks and Jobs

We should welcome and encourage Japan’s interest in freer trade. But let’s not roll out the red carpet for TPP’s arrival just yet. Abe is the seventh Prime Minister of Japan in six years, so it might come as no surprise that his government’s plan to boost Japan’s stagnant economy is designed to play well … Continue reading →

Euro zone / The economy to shrink again in 2013

The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recovery. The 17-nation bloc’s economy, which generates nearly a fifth of global output, will shrink 0.3 … Continue reading →

Italy / Hiring in recession

Bioplastics group Mossi & Ghisolfi has hired 50 people a year for the last five years – not bad when Italy’s unemployment has risen steadily to a 13-year high above 11 percent. Now a world leader in its field, the Piedmont-based firm is so specialized that, to meet booming demand, it is even wooing home … Continue reading →

Montreal / Electronic Arts hit by layoffs

Update: An EA representative provided the following statement to IGN: “EA Montreal is a key development studio where our long-term plan is to sharpen our teams’ focus on console and mobile games.” EA has laid off staff in Los Angeles, Montreal and “smaller locations.” In a post on EA’s official site, EA Labels president Frank … Continue reading →

Indonesia / Minimum Wage / At least 500,000 workers in about 1,500 companies across the country might lose their jobs Employers Association says

Indonesian Employers Association (Apindo) chairman Sofjan Wanandi said that at least 500,000 workers in about 1,500 companies across the country might lose their jobs in March as the companies were no longer able to pay their workers in accordance with the new minimum wages. “I think half a million is the smallest figure we are … Continue reading →

UK / Poll shows public support Living Wage as minimum wage standard,even if it costs jobs

The Living Wage has been one of the key tenets of Ed Miliband’s leadership of the Labour Party, and was one of his keynote policies during the leadership contest. But Miliband has always argued that the Living Wage should be different from the minimum wage – and the Resolution Foundation/IPPR agreed. I still thought that … Continue reading →

US / Unemployment claims rise in latest week

The number of Americans seeking unemployment benefits jumped 20,000 last week to a seasonally adjusted 362,000, though it remained at a level consistent with modest hiring. The Labor Department said Thursday that the four-week average, a less volatile measure, rose 8,000 to 360,750, the highest in six weeks. A department spokesman said heavy snowstorms in … Continue reading →

US / No Momentum in Quality Jobs Market Gallup Finds

Americans continue to think it is hard to find a quality job in February, with 23% saying now is a good time to find one. But this is on par with the 25% who said the same in January, which was the highest Gallup has measured since March 2008. Chosen excerpts by Job Market Monitor … Continue reading →

Netherlands / Gloomy Figures: Unemployment rate reaches 7.5%

A string of gloomy figures from the national statistics office CBS on Thursday show the Dutch economy is still in crisis. The jobless rate in January hit 7.5%, the CBS said, a rise of 0.3 percentage point on December. Over the past three months, an average of 19,000 people have joined the ranks of the … Continue reading →

North Carolina / GOP Governor Signs Unemployment Insurance Reforms

Gov. Pat McCrory Tuesday signed into law a bill that would rework the state’s unemployment insurance system. House Bill 4 increases taxes for some employers, shortens the number of weeks an unemployed worker is eligible for benefits, and reduces the maximum benefits such a person can receive. The action by the GOP governor came as … Continue reading →

Testimonies / Unemployment stories: Hello from the underclass

The real unemployment rate in southwest Detroit is almost 50%. Seventeen rural South Carolina counties just closed their unemployment offices due to budget cuts, despite high unemployment. In New York, unemployed people say they’re being discriminated against in job searches. The life of the unemployed American is not easy. Each week, we bring you true … Continue reading →

Australia / Unemployment (Infographics)

These two infographics (JMM: only one of them here) provide a visual snapshot of the state of unemployment and income support payments in Australia, as well as providing a clearer understanding of how well the Job Services Australia system works to support people in finding jobs. Jobs Australia plan to create a series of infographics … Continue reading →

Spain / Thousands of striking Iberia workers protest layoffs

Thousands of striking workers of Spanish flag-carrier Iberia protested noisily in Madrid Wednesday, furious at management’s plans to cut 3,800 jobs following its merger with British Airways. To the din of horns and smoking firecrackers, workers massed outside the company’s headquarters, waving red and yellow Spanish flags and signs such as “Get your dirty hands … Continue reading →

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