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Credit Suisse | To cut 300 jobs in Switzerland
Credit Suisse will merge its retail and private banking arms in Switzerland from January, in a move which will cost 300 jobs at the Swiss bank and save 50 million Swiss francs ($52.76 million). The restructuring is part of an extra 1 billion Swiss francs in cost cuts announced by Credit Suisse two weeks ago … Continue reading
Meningitis Outbreak | Ameridose LLC to cut 790 jobs
Ameridose LLC, an affiliate of the drug-compounding pharmacy at the center of a deadly fugal meningitis outbreak in the United States, is cutting 650 positions as it grapples with an indefinite closure following regulatory scrutiny of its sterilization practices. According to the Boston Globe, Ameridose employees have been notified of their pending termination from the … Continue reading
Iberia | IAG to cut 4,500 jobs
International Airlines Group warned on Friday that its Spanish carrier Iberia was ‘‘in a fight for survival’’ and unveiled a restructuring plan to cut 4,500 jobs as it reported a drop in third-quarter profit. Iberia CEO Rafael Sanchez-Lozano said the carrier is losing money in all its markets and was ‘‘burning €1.7 million ($2.17 million) … Continue reading
Job Search | How To Stay Positive
Looking for work can be extremely frustrating – especially in this economic climate. That’s why it’s more important than ever for job seekers to stay positive when looking for work. When your search feels futile and your hard work doesn’t cash in, you need something to help you keep going. But what can you do? … Continue reading
Greece | Unemployment hits a new record at 25.4 pc, youth hits 58pc
Greece’s jobless rate rose for a 39th consecutive month to a new record of 25.4 percent in August, more than double the euro zone average, Greece’s statistics service ELSTAT said on Thursday. A crippling, austerity-fuelled recession continued to take its toll on the labor market, putting Greek unemployment at more than double the euro zone … Continue reading
US | Jobless claims | A Drop, But Thx to Sandy
Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending November 3, the advance figure for seasonally adjusted initial claims was 355,000, a decrease of 8,000 from the previous week’s unrevised figure of 363,000. The 4-week moving average was 370,500, an increase of 3,250 from the previous week’s unrevised average of 367,250. The … Continue reading
From UK To China | Syfer Technology threatens jobs in Norfolk
A high-tech electronics components company in Norfolk is planning to set up a manufacturing base in China, putting 120 jobs at risk. Syfer Technology, of Arminghall, said exports, especially to the Far East, helped it expand and it wanted to be near markets and suppliers. The firm was bought by American company Dover Corporation in … Continue reading
Australia | Qantas cuts 400 maintenance jobs
Australian flag carrier Qantas on Thursday announced the slashing of 400 maintenance jobs as part of a restructure aimed at cutting costs and shifting focus to Asia. Qantas said the cuts would involve 150 staff and 250 contractors, as the “Flying Kangaroo” consolidates its maintenance operations to achieve savings under heavy competition, fuel costs and … Continue reading
Nova Scotia Govn’t | To outsource payroll jobs to IBM
The Nova Scotia government has announced a deal with IBM Canada to contract out administration of its computer information system, angering dozens of information technology workers who were told their jobs will be outsourced. “It doesn’t make you feel good when we’ve been together as a group for over five years,” said Allura McKay, a … Continue reading
EU – Stimulating car industry
The European Union on Thursday launched an action plan to bolster the struggling car industry – its first concerted response to a worsening crisis that is hurting some of the continent’s biggest companies and endangering tens of thousands of jobs. Carmakers welcomed the plan’s long-term measures to support the sector but urged the EU to … Continue reading
Ford – 2,000 Entry-Level New Employees
Ford Motor Co. (F) has hired more than 2,000 entry-level factory workers this year so far, lowering its overall manufacturing costs, a Ford manufacturing executive said. The new hires represent the first wave of workers paid an entry-level wage that is about $10 per hour lower than the existing workers. The so-called second-tier wage was … Continue reading
Boeing | To cut 30 percent of management jobs
Boeing Co said on Wednesday it will restructure its defense, space and security business and cut 30 percent of management jobs from 2010 levels as part of a broad cost-cutting drive. Boeing, the Pentagon’s second-largest supplier, said it also will close some facilities in California and consolidate several business units in an effort to trim … Continue reading
Hawker Beechcraft Announces Layoffs to more than 400 employees
A letter sent by Hawker Beechcraft to its employees Wednesday informed them that the company would be cutting workers and closing specific facilities, resulting in job losses for more than 400 employees. Hawker Beechcraft Services facilities in Little Rock, Ark., Mesa, Ariz., and San Antonio, Texas, will “begin the process of closing,” shedding some 240 … Continue reading
UK | Brain Drain | Almost half of those who emigrate are professionals and company managers
Almost half of all Britons who emigrate each year are professionals and company managers, potentially threatening the country’s supply of highly skilled workers, research for the Home Office found. The attractions of a better lifestyle and climate, as well as career opportunities, meant a “large and increasing” number of executives, scientists, academics and doctors have … Continue reading
Australia | More jobs but participation shrinks
Australia’s unemployment rate remained steady in October, but there were fewer people looking for jobs and fewer hours being worked. Official figures released on Thursday showed the unemployment rate remained at 5.4 per cent in October, with 10,700 extra people finding employment in the month. However, the percentage of working age Australians either employed or … Continue reading
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