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Bank Layoffs to Continue
Barclays (BCS) is expected to announce a plan to layoff approximately 10% of its 23,000 investment banking employees early in 2013. Although the bank has not given any official details, it is generally believed that the job cuts will happen mostly in Asia and Europe. Barclays is going through a massive overhaul following the departure … Continue reading
Fiscal Cliff / Federal employees- from skeptical to alarmed
Federal employees have been skeptical for months that the biggest cuts to government spending in history could really happen. But with the “fiscal cliff” a week away, workers are now growing increasingly alarmed that their jobs and their missions could be on the line. President Obama and members of Congress headed out of town late … Continue reading
Greece / Should go stronger against rich tax dodgers says IMF
Greece’s drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday. Athens has collected just half the tax debts and conducted less than half the audits it was supposed to under the targets … Continue reading
China / Only 30 per cent of university students felt they would be able to find work
Employment prospects are looking increasingly grim amongst many “post-80s and 90s” university graduates and students across the country according to a recent report by the Chinese Academy of Social Sciences. The CASS Blue Book of China’s Society revealed that only 76 per cent of 2012 graduates had been able to find jobs, Caijing reported on Monday. … Continue reading
UK / Vion – Poultry and Meat / 9,000 jobs could be saved
AROUND 9,000 jobs across Britain could be saved as Leeds-based private equity firm Endless closes in on deals to buy poultry and red meat businesses from their Dutch owner. Vion is exiting the UK to concentrate on its core activities in Netherlands and Germany and has put its £1.8bn business up for sale. Endless has … Continue reading
Zimbabwe / Is it possible to create a million jobs in five years ?
There have been debates and comments in the past weeks on whether it is possible to create a million jobs in Zimbabwe over the next five years. Many economists and analysts interviewed by the various media say it is a dream. In other words, it is impossible. When Marconi told people that he was developing … Continue reading
Skills Gap / The Cloud / Almost 1.7 Million Jobs Went Unfilled in 2012
Demand for “cloud-ready” IT workers will grow by 26% annually through 2015, with as many as 7 million new cloud-related jobs to be available worldwide by that time, says a new IDC report sponsored by Microsoft. However, IT hiring managers report that there were 1.7 million open cloud-related positions that opened up over the past … Continue reading
Canada / 5.3 unemployed per job vacancy, down from 5.7 a year ago
There were 267,000 job vacancies among Canadian businesses in September, up 19,000 from 12 months earlier. For every job vacancy, there were 5.3 unemployed people, down from 5.7 in September 2011. The decline in the ratio of unemployment to job vacancies was all the result of the increase in job vacancies. Ratio highest in the East, lowest in the Prairies Provincially, the highest ratios of unemployed … Continue reading
US / Minimum wages raises will benefit nearly 1 million workers in 10 States reports National Employment Law Project
The minimum wage will increase in ten states on Jan. 1, modestly boosting the incomes of nearly one million low-paid workers in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont, and Washington. The state minimum wage rates will rise between 10 and 35 cents per hour, resulting in an extra $190 to $510 … Continue reading
Skills Gap / Incubator: a possible solution to skilled workers shortage
The skilled manufacturing industry needs to take a page from the local high-tech sector and open a business incubator to help train and retain talent in the region. That’s according to the president of the Conestoga Institute of Technology and Advanced Learning, who spoke to a group of manufacturing industry experts and regional representatives last … Continue reading
New England / Parachute maker Niche Inc warns of 360 layoffs
A New Bedford company that makes parachutes is warning it may have to cut some 360 jobs in February because of an expected drop in defense work. Kenneth Bello, a lawyer for Niche Inc., told the Standard Times of New Bedford that the company does not have enough new military contracts on the horizon to … Continue reading
UK Defence / BAE safeguards 6,000 jobs with Oman military jet deal
BAE Systems has secured a boost for British manufacturing and safeguarded 6,000 jobs after agreeing a £2.5bn contract with Oman for Typhoon and Hawk military aircraft. Britain’s largest defence contractor and manufacturing employer is targeting growth markets such as the Middle East as part of a strategic imperative that has become even more urgent in … Continue reading
Scotland / Statoil to create 700 jobs in North Sea development
Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland. The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade. Statoil expects to start production from Mariner in 2017, pending … Continue reading
Unemployment Extension / Nothing on the table after Republicans pulled Plan B
With 9 days left before extended unemployment benefits expire, there is no new from Washington on an extension. Last night, the Republicans pulled Plan B which did not included reauthorization of federal extended unemployment and there is no other legislation current pending. If an agreement that includes the restoration of federal unemployment benefits isn’t reached, extended … Continue reading
Europe / Brain Drain / Germany pulling away the best and the brightest workers
More than three years into an economic crisis that has threatened to tear Europe apart, one country is still on a hiring spree, and it is pulling away the best and the brightest workers from its neighbors along the way. Thousands of professionals from recession-struck Spain and Greece have been streaming into Germany, where joblessness … Continue reading
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