Job Market Monitor
In the News
Unemployment Insurance / The bang-for-the-buck among the highest
By the time Congress got around to passing an extension of emergency jobless benefits last week, Clyde Lance no longer needed them. On Dec. 17, his 52nd birthday, Lance started a full-time job helping train technicians for the International Society of Automation in Research Triangle Park, North Carolina, ending a three-year search for a permanent … Continue reading
Spain / Bank workers protest layoffs
Crisis-hit Spanish bank workers called for nationwide protests on Wednesday, fuming over tens of thousands layoffs in the industry and lashing out against top executives they hold responsible. The Spanish banking sector is still staggering from the blow of a 2008 property crash, which left lenders awash with bad loans. Prime Minister Mariano Rajoy last … Continue reading
US / Gunmaker Subsidized to Lure Jobs
Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut. Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker … Continue reading
China / Civil servant jobs: Need a connection ?
“Sixty per cent of new hires by the central government offices come from rural or ordinary urban families,” said Yin Weimin. “They have no background [connections].” Yin said exams were required for all applicants. This showed that the system was fair and equal, he added. But Yin’s comments failed to convince netizens. They responded by … Continue reading
Payless ShoeSource / Topeka / 45 layoffs at headquarters
Payless ShoeSource announced Tuesday the layoffs of 45 people from its headquarters on S.E. 6th. A statement from the company said an additional 97 open positions wouldn’t be filled. The unfilled positions are from various parts of Payless ShoeSource’s global operations, the statement said, and it wasn’t clear how many of those jobs are in … Continue reading
Lexmark / 550 Layoffs
“Difficult decisions need to be made.” That’s what Lexmark’s executive vice president Marty Canning said about the company’s recent layoff of 550 workers in Lexington, KY, we learn in “Lexmark in Midst of Major Change” from the Lexington Herald-Leader. Under pressure from a shifting industry, the company has chosen to shift with it. Based in … Continue reading
Panasonic / Layoffs to come
Japan’s Panasonic Corp may see its headcount fall further and may sell non-core money-making business units to raise cash, president Kazuhiro Tsuga told reporters at the CES consumer electronics show in Las Vegas on Tuesday. Hammered by competition from South Korean rivals such as Samsung Electronics, Panasonic may also squeeze wages and seek joint ventures … Continue reading
UK / Network Rail to cut 4,000 jobs
Network Rail has unveiled huge investment plans to develop the UK’s railway infrastructure between 2014 and 2019, involving the centralisation of its signalling operations to save millions of pounds and drastically reduce its frontline workforce over the next fifteen years. The mammoth Strategic Business Plan for England and Wales places heavy emphasis on the role … Continue reading
Australia / Job vacancies plunge at its lowest in 30 months
AUSTRALIA’S supply of vacant jobs is dwindling, making it harder to find work than it has been in years. New results from the only comprehensive national survey of vacancies show they have slid 8 per cent in the past year, undoing most of the gains since the global financial crisis. Australia had only 166,000 vacant … Continue reading
UK / Amazon / 100 jobs created in London’s ‘Silicon Roundabout’
Internet retailer Amazon is to create a further 100 jobs at its new digital media development centre in London. The site opened last September in the Old Street area and concentrates on the design and development of new digital media projects. Teams working at Amazon-owned firms Pushbutton and Lovefilm are also based there. Making the … Continue reading
UBS / Another 2,000 to 3,000 job cuts ?
SWISS banking giant UBS may be facing another 2,000 to 3,000 job cuts as it slashes its capital- intensive businesses, according to Deutsche Bank. Choosen excerpts by Job Market Monitor from via UBS faces jobs cull – News, Frontpage – Herald.ie.
Hamilton Entertainment and Convention / Jobs for more than 800 staff still uncertain
There’s still uncertainty among HECFI’s more than 800 staff over what will happen to their jobs when Copps Coliseum, Hamilton Place and the convention centre change hands, a move that could happen as soon as March 1. Hamilton Entertainment and Convention Facilities Inc. has 52 full-time and about 800 part-time employees. All are nervous about … Continue reading
Pentagon / Civilian defense workers at risk of layoffs by thousands
The 113th Congress‘ most pressing defense-related concern will be the military’s budget, despite the previous Congress having averted the so-called “fiscal cliff.” Come March 1, automatic spending cuts will begin slicing $500 billion from the Pentagon’s budget over the next 10 years — and prompting layoffs for as many as 800,000 civilian Defense Department workers. … Continue reading
Thailand / Minimum wage: fierce criticism
The Thai government, known for its string of populist policies including rice and fuel subsidies, is delighting working class voters (those with a job, anyway) with the introduction of a national minimum wage, which kicked in on January 1. The policy has already triggered fierce criticism in business circles and reports of job losses, particularly … Continue reading
Rwanda: Unemployment Would Be 1%
Last week, more than a thousand people flocked to the second edition of the Rwanda Job Day, a fair which gave the opportunity to those looking for work to meet potential employers. Most of them were higher education graduates, and it is also fair to assume that the majority came from the Kigali area. In … Continue reading
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