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UBS – 400 Other Job Cuts
UBS AG (UBSN) is preparing another round of job cuts across itsinvestment bank in Europe as Chief Executive Officer Sergio Ermotti tries to overhaul the firm, two people with knowledge of the matter said… UBS Said to Widen Job Cuts to 400 at Europe Investment Bank. http://www.bloomberg.com/news/2012-10-18/ubs-said-to-widen-job-cuts-to-400-at-europe-investment-bank.html
The Top 10 Pharma Layoffs of 2012
By the beginning of 2012, the pharma industry had endured one of the biggest shakeouts in the industry’s history. Tens of thousands of jobs had been eliminated, and most employees had good reason to fear they would be next. Just after the New Year, PharmaIQ reported that a survey revealed that 44% of the people … Continue reading
BBC World Service – 73 jobs cut
The BBC World Service is to lose a further 73 jobs as part of the latest round of cutbacks to save £42m by 2013. 25 jobs will go on the English-language service with news coverage reduced from 18 hours to 14 each weekday… BBC World Service to lose 73 jobs . http://www.bbc.co.uk/news/entertainment-arts-19988316
Bridging the Skills Gap – Colleges and corporations try to get along
Angel Gavidia worked as a construction worker, an auto detailer and a taxi dispatcher before he found his calling as a computer-networking engineer, a high-paying job for which employers are desperately short of workers even at a time of stubborn unemployment. The model, under which Gavidia worked as an apprentice at the company while taking … Continue reading
Tech Worker Salaries Expected to Rise Two Times Fater
Salaries for tech workers in the U.S. will rise almost twice the national average in 2013 — some will increase even more, up to 12 percent — a symptom of how competitive the competition for talent has become. “The hiring environment for technology talent is only going to become tougher for employers in the year … Continue reading
US – Unemployment Claims : The good news didn’t last, an increase of 46,000
SEASONALLY ADJUSTED DATA In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous week’s revised average of 364,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading
Indiana – Cummins Inc – 126 Layoffs
Cummins Inc. will implement at least 150 layoffs by year’s end in its southern Indiana workforce, the Columbus-based engine maker announced Wednesday. The layoffs will affect workers at the Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins’ spokesman Jon Mills said… via The Republic – 126 workers also … Continue reading
Saskatchewan – Potash Corp – Longer than normal layoffs
Longer than normal layoffs are coming a spokesperson for Potash Corp said Wednesday after the company ran into problems with contracts, storage space and profits. Bill Johnson said a yet-to-be-determined number of employees will be given the pink slip after the company discovered its 2012 profits will fall well below earlier projections. “We have about … Continue reading
Australia – Industry skills councils a barrier to institutional progress
TERTIARY education policy is far too influenced by the institutionalised status quo rather than by principle. A classic case is relations between vocational and higher education. Vocational education was identified with TAFE institutes and higher education with universities from the mid-1970s until the mid-2000s. Since then the number and types of vocational and higher education … Continue reading
Australia – Mt Gibson Iron cuts 270 mining jobs
Mt Gibson Iron will cut 270 jobs from its mining operations in Western Australia in a bid to cope with volatile commodity prices. The company says most positions will be slashed from its Koolan Island operations off the Kimberley coast. It is believed 140 of those positions will be contractors. In the company’s quarterly report … Continue reading
OECD – Employment rate at 65.0% in the second quarter of 2012
The OECD area employment rate – defined as the proportion of people of working-age who are employed – was 65.0% in the second quarter of 2012. This figure is 0.1 percentage point higher than in the previous quarter and 0.2 percentage point higher than one year ago. There are significant divergences in the evolution of … Continue reading
BC – Forest industry tackles Skills Gap
In Prince George, forest company Canfor has plans to convert its mothballed Rustad sawmill into a $10-million training centre for skilled workers. At High Prairie, Alberta, Tolko Industries has already done the same thing at its shuttered High Prairie mill, partnering with a local college and the Alberta government in a $5.3-million program to train … Continue reading
Sweden – Mass Job Cuts Belie Government Optimism
TeliaSonera AB (TLSN) yesterday became the latest in a string of Swedish companies to announce mass job cuts, prompting economists and unions to question the government’s forecast that unemployment will fall next year. TeliaSonera, Sweden’s biggest phone company, said it will eliminate 2,000 jobs as growth stalls, declining to say how many cuts will be … Continue reading
Alcatel-Lucent – 5,490 jobs cut
French telecom equipment maker Alcatel-Lucent (ALUA.PA) plans to axe 5,490 jobs worldwide as part of a cost-cutting plan announced in July, with 3,300 in Europe and 1,490 in France, a French union said on Thursday. “We are in shock,” said Isabelle Guillemot, of the CFDT union. Alcatel had said in July that it planned global … Continue reading
New-York – High School Drop-out Rates, Lack Of Job Skills High Among Young
The tenth Annual Education for All Global Monitoring Report shows that 12 percent of young people are dropping out of secondary schools in New York, and are left without vital foundation skills for work. This constitutes one fifth of young people aged 17-24 years being out of school and unemployed. These young people urgently need … Continue reading
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