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India – Training – Infosys Trains 100,000 students on skill enhancement
Infosys BPO Ltd., the business process outsourcing subsidiary of Infosys, on Thursday announced that Project Genesis, its flagship Corporate Social Responsibility (CSR) initiative, has trained more than 100,000 students across India to enhance their level of employability in the ITeS industry. Project Genesis is an industry-academia partnership initiative that was launched in Karnataka by Infosys … Continue reading
US | Destroying Its Education System ?
A nation that destroys its systems of education, degrades its public information, guts its public libraries and turns its airwaves into vehicles for cheap, mindless amusement becomes deaf, dumb and blind. It prizes test scores above critical thinking and literacy. It celebrates rote vocational training and the singular, amoral skill of making money. It churns … Continue reading
Africa | Agriculture and self-employment for youth unemployed
Unemployment among young people in Africa is increasingly recognised as a first order development challenge. Coming on the heels of sustained investment in education and unprecedented but largely jobless economic growth, the possibility of a ‘lost generation’ of young people, for whom meaningful and rewarding work is little more than a mirage, poses a fundamental … Continue reading
New Zealand | Unemployment the highest in 13 years
Latest figures show more and more New Zealanders are out of work, with unemployment the highest in 13 years. Experts are calling it “shocking” while unions say it’s a “national crisis”. And the unemployment rate of 7.3% even took the Prime Minister by surprise although he has questioned if his own statisticians have got it … Continue reading
US | Job Growth at Four-Year High According to Gallup
U.S. workers reported little change in net hiring at their workplaces in October, with the Gallup Job Creation Index averaging +19 for the month, similar to the +18 recorded in September. The index has been between +17 and +20 since March, essentially hovering at the highest levels seen since mid-2008. The Job Creation Index in … Continue reading
Canada – Private sector loosing jobs
Canada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs. The 1,800 jobs added was already a disappointment compared with the 10,000 economists had forecast. According to Statistics Canada, that left the unemployment … Continue reading
Bombardier cuts 1,200 jobs in train unit
Bombardier Inc (BBDb.TO: Quote) will delay the inaugural flight of its all-new C-Series jetliner by six months, the plane and train maker said on Wednesday, as it reported weaker-than-expected quarterly revenue and said it would cut 1,200 jobs in its rail unit. The Montreal-based company said it was making good progress with its $3.4 billion … Continue reading
Japan – Electronic Components – Ferrotec To Cut 800 Jobs
Ferrotec Corp. (6890), a Japanese maker of electronic components, plans to cut about 800 jobs across the company as it restructures its solar product business. Ferrotec will stop making and selling silicon ingots, wafers and cells used for solar panels under its own brand, the Tokyo-based manufacturer said today in a statement. It will produce … Continue reading
UK – Comet – Staff offered Christmas jobs by Dixons
The electrical chain Dixons is offering Christmas jobs to hundreds of Comet staff who face redundancy because their firm is insolvent. The administrators, appointed last week, are keeping the Comet stores open in the hope of finding a buyer. But the outlook for the 7,000 staff is bleak and they all face potential redundancy. Sebastian … Continue reading
Husqvarna – To Cut 600 Jobs, almost half in Sweden
Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014. “The proposed measures aim to improve efficiency, reduce the fixed cost base and further increase flexibility,” Chief Executive Officer Hans Linnarson said in … Continue reading
Germany – Commerzbank – Up to 6,000 jobs cut
Commerzbank, Germany’s second-biggest bank, is preparing to axe up to 10 percent of its workforce in the coming years, or 5,000-6,000 jobs, the weekly Die Zeit reported on Wednesday. Die Zeit, in a pre-release of an article to appear on Thursday, said Commerzbank is planning billions of euros in cost-cutting across all divisions between now … Continue reading
ING to cut jobs more than 2,000 jobs worldwide
ING (ING.AS), the largest Dutch financial services group, is to cut more than 2,000 jobs worldwide as it prepares to separate its banking and insurance operations in difficult markets. The cuts, which equate to 2.5 percent of ING’s workforce, come as banks across Europe shed staff in a reassessment of their businesses after the financial … Continue reading
Sweden – Ericsson – 1550 jobs cut
Ericsson (NASDAQ:ERIC) informs its employees in Sweden about the plan to reduce its operations in Sweden that involves a reduction of an estimated 1,550 positions, covering all job areas, including sales, general and administration, research and development, supply and service delivery. “It is naturally a difficult message for our employees in Sweden,” says Tomas Qvist, … Continue reading
UK – Maltby Colliery – 500 jobs at risk
Maltby Colliery – one of the south Yorkshire pits that saw picketing violence during the 1980s miners’ strike and one of the UK’s last remaining deep coal mines – is to be mothballed by its owner, industrial materials group Hargreaves Services. The move, which puts 500 jobs at the 100-year-old pit at risk, comes after … Continue reading
Brit Grads – 40% failing to get graduate-calibre posts
Britain’s graduates face an increasingly challenging jobs market, with 40% failing to get graduate-calibre posts more than two years after leaving education, around twice the proportion of their peers a decade earlier, according to a study of recent ex-students’ career paths. Overall, the vaunted graduate salary premium, a key argument in persuading would-be students to … Continue reading
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