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Nigeria – Boosting Graduates’ Employability Skills
Following the persistent outcry about the poor quality of Nigerian graduates, who are said to be unemployable, Poise Graduate Finishing School, a subsidiary of Poise Nigeria, has introduced an employability skills certification programme known as PSENSE. The PSENSE test, which was designed in collaboration with Biddle Consulting, US, is aimed at solving the recruitment challenges … Continue reading
Switzerland – Lonza to Cut Jobs
Lonza Group AG (LONN) said it plans to cut 500 jobs, including 400 at a Swiss site that manufactures chemical intermediates and active pharmaceutical ingredients. Most of the job losses will come from internal transfers, natural attrition, early retirements and by not extending temporary contracts, the Swiss supplier to the pharmaceutical industry said today in … Continue reading
Panasonic – $9.6-billion loss and cutting jobs
Panasonic May Cut More Jobs as TV Maker Sees $9.6 Billion Loss Panasonic Corp. (MAT1), Japan’s third- biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn’t plan another round of cuts. Investors say it has to. Even after reducing its workforce by about 11 … Continue reading
France – Industry Bleeds Jobs
Renault SA (RNO) says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules. France’s second-largest carmaker, which is based near Paris and 15 percent owned by the government, built fewer than a quarter of the 2.83 million cars that rolled off … Continue reading
Chrysler Shifting Jobs to China – CEO Denies
The chief executive of U.S.-based automaker Chrysler says his company is not shifting production of Jeep vehicles to China. His comments follow a series of statements by Republican presidential candidate Mitt Romney’s campaign that appear to suggest otherwise. Chrysler CEO Sergio Marchionne said in an email to employees Tuesday that Jeep assembly lines will remain … Continue reading
Austerity – Greece debt to GDP to hit 190pc
Greece’s debt to GDP will hit 189.1pc and the economy is expected to contract by 4.5pc next year, the finance minister revealed in the 2013 budget presented to parliament. via Debt crisis: Greece debt to GDP to hit 190pc – Live – Telegraph.
Euro-zone – Unemployment rate hits record 11.6%
The euro area (EA17) seasonally-adjusted unemployment rate was 11.6% in September 2012, up from 11.5% in August. The EU27 unemployment rate was 10.6% in September 2012, stable compared with August. In both zones, rates have risen significantly compared with September 2011, when they were 10.3% and 9.8% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
Canada – Youth unemployment outlook not so bleak says Certified General Accountants Association
Employment prospects for younger Canadians looking for work are not as dismal as widely believed, a report released by the Certified General Accountants Association of Canada today suggests. The report argues that the peak unemployment rate among those aged 15 to 24 peaked at 15.2 per cent during the latest recession, lower than the high … Continue reading
US – Gallup – Unemployment (sa) at 7.7% in Mid-October
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup’s seasonally adjusted unemployment rate is 7.7%, also down from September. October’s adjusted mid-month measure is also more than … Continue reading
China – Children interns on assembly line
The five schoolboys weren’t of legal age to work on an assembly line. But when their vocational school sent them to a Foxconn manufacturing plant last month as part of an internship program, they were soon piecing together Sony PlayStations 12 hours a day. One boy said he worked an overnight shift that started at … Continue reading
Denmark – Danske Bank to cut 3000 jobs
Danske Bank unveiled plans to cut 3,000 jobs and sell 7 billion kroner (€900 million) in shares as Denmark’s largest lender looks for ways to increase its capital buffers. The measures were announced together with Danske’s third-quarter report, showing net income of 1.31 billion kroner, compared with a loss of 384 million kroner a year … Continue reading
China – More than 30m students in vocational schools
China has more than 30 million students studying in vocational schools, as well as 72.65 million people who have graduated from such schools over the last 10 years, according to a report issued by the Ministry of Education. According to a report on the development of vocational education, the employment rate for graduates of secondary … Continue reading
Canada – Underemployment, the real youth jobs crisis
Youth joblessness tends to garner all the headlines, but the more troubling trend may be the more hidden one: underemployment. A paper to be released Tuesday is urging more examination of the extent of youth underemployment in Canada and more research into the causes that are driving it. “Contrary to the highly visible issue of … Continue reading
Canada – Labour Market – Not bad, but could be better says Parliamentary Budget Office
The labour market has fared better in Canada than in many other rich countries, it has fared better than it has in past recessions, but it has not fared as well as it could. This is the major message from a recently released report by the Parliamentary Budget Office (PBO), which offers a valuable description … Continue reading
India – Attrition – Mere 51% employers plan to hire
Employers seem to be wary abouthiring for new positions and would rather concentrate only on filling up chairs that are empty because of attrition. A report by online job portalHeadHonchos.com called ‘Management Hiring Perspective Report 2012’ stated that only 51% of employers surveyed wanted to increase their headcount. ‘The hiring outlook is even more subdued … Continue reading
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