Job Market Monitor
In the News
Banks need another 40,000 job cuts says Roland Berger Strategy
Roland Berger Strategy, one of the world’s leading consulting firms, said the global investment banking sector would need another 40,000 job cuts to restore sustainable economics. The sector has already stepped up restructuring programmes, reduced headcount by about 15,000 since mid-2011 and has announced another 25,000 job cuts. According to a report issued by the … Continue reading
Canada / Employers to cherry-pick potential immigrants from a pool
Ottawa has reached a consensus with the provinces to establish a pool of skilled-worker candidates by the end of 2014 that will allow employers to cherry-pick potential immigrants to fill regional labour shortages. Immigration Minister Jason Kenney announced Friday he is committed to working with his provincial counterparts to implement the Expression of Interest (EOI) … Continue reading
The City / Only 10% of bankers and hedge fund workers believed London will create the most new banking jobs over the next 12 months
Confidence in the City of London jobs market continues to weaken as UK bankers increasingly pick Hong Kong, Shanghai and Singapore as the generators of new jobs, according to a report. A study by recruitment firm Astbury Marsden found that only 10% of bankers and hedge fund workers believed London will create the most new … Continue reading
Stryker Corp. / 1,000 layoffs by end of 2012
Stryker Corp.’s planned layoffs of 5 percent of its global workforce are on track to be completed by the end of 2012. Over the weekend, news reports put the total number of layoffs at 1,170, but Tamara Cutler, vice president of public affairs, said in an email that figure was inaccurate. “The estimated 5 percent … Continue reading
Greece – Rumors that the country’s troika of foreign lenders had called for an additional 22,000 layoffs
Government sources on Monday refuted reports that the country’s troika of foreign lenders had called for an additional 22,000 layoffs in the public sector next year even as municipal employees continued sitins at hundreds of city halls and municipal services across the country to protest their inclusion in a fast-track scheme to redundancy. The demand … Continue reading
Must-Have Job Skills according to WSJ
Even as employers remain cautious next year about every dollar spent on employees, they’ll also want workers to show greater skills and results. For employees who want to get ahead, basic competency won’t be enough. To win a promotion or land a job next year, experts say there are four must-have job skills: 1. Clear … Continue reading
China / Over 70 per cent overseas students return home
A vast majority of Chinese studying abroad are returning back offering stiff competition for jobs to the students, who studied in local universities. Nearly 72 per cent of overseas Chinese students have returned to China after finishing education abroad since the late 1970s, a government-backed agency said in a report. From 1978 to 2011, about … Continue reading
US / A total of 598,500 jobs created or supported by Apple (Apple’s estimates)
Based on a study by Analysis Group in February 2012, Apple has directly or indirectly created 307,250 U.S. jobs.* These jobs — spread across all 50 states — include thousands of jobs in numerous industries, from the people who create components for our products to the people who build the planes and trucks that carry … Continue reading
(UPDATE) UK – Comet – 6,000 layoffs ?
Comet cuts further 735 jobs The insolvent electrical chain Comet is cutting hundreds more jobs, its administrators have said. Deloitte said there would be a further 735 redundancies at its head office, central functions and across its home delivery network. This is in addition to 330 redundancies already announced. The business had employed 6,611 people. … Continue reading
US / Job Gap / State-by-State
Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of September, our nation faces a gap of 11.1 million jobs, but the … Continue reading
India / Red zones / Bank job training for youths
The National Skill Development Corporation (NSDC) plans to train youth from Naxal-hit areas in basic accounting skills. The initiative is aimed at helping the youth find jobs with local banks, where operations often take a hit as few regular employees are willing to be posted in Red zones due to safety concerns. The NSDC, sources … Continue reading
Skills Gap / Shortfall of 40m forecasted by McKinsey Global Institute, China among the worst hit
High-tech companies face a shortfall of some 40m skilled workers by 2020, with businesses based in China likely to be among the worst hit, according to a study by the McKinsey Global Institute. The institute – a research arm of the McKinsey strategy consultancy – says that manufacturing will be the sector of the global … Continue reading
NZ / Skills Gap / Rising generation out of jobs
As students look to next year, the Herald begins a week-long investigation into why so many are leaving school without the skills they need. Students James Aylett and Paige Tapara of Rosehill College already have ideas about the careers they’d like to follow. Photo / Natalie Slade A tragic mismatch of skills is shutting most … Continue reading
United Technologies laying off 500 workers
United Technologies Corp. announced Friday it is laying off 500 salaried and hourly employees worldwide – including some in the Charlotte area – between now and the end of the year. The multinational manufacturing and transportation company, which acquired Charlotte-based Goodrich Corp. this past summer, said it is laying off three workers at its Monroe … Continue reading
Citigroup / To cut 300 sales and trading jobs in 2012
Citigroup Inc (C.N) is on track to cut 300 sales and trading jobs globally this year, as part of its plan to streamline its banking operations, the Wall Street Journal reported, citing people briefed on the process. The sales and trading unit of the bank employs about 17,000 people, the Journal said. (link.reuters.com/kyz93t) A Citigroup … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
