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Abbott Laboratories – 550 Layoffs
A spokeswoman for Abbott Laboratories says the announcement Wednesday of a 550-job reduction in the drug and health care products company’s worldwide workforce will not have an impact on its nutrition products facility in Sturgis. But she said there will be some impact in Sturgis over the next year. That is part of an announcement … Continue reading
FedEx Outlines Broad Cost-Cutting Plans: Layoffs to come ?
FedEx Corp. announced programs targeting annual profitability improvement of $1.7 billion during the next three years. In a keynote speech at FedEx Corp.’s 2012 Investors and Lenders Meeting, Frederick W. Smith, FedEx chairman, president and CEO, said a significant portion of the profitability improvement will come from cost reductions at FedEx Express and FedEx Services… … Continue reading
Taiwan – Tech Layoffs Likely to Peak in Q4
With some of DRAM and LED companies downsizing to induce employment cuts among high-tech industries, tech layoffs in Taiwan are likely to peak in the fourth quarter of this year, warned local human resource agencies. According to statistics issued by the Council for Labor Affairs, a total of 2,742 employees in different industries in Taiwan … Continue reading
India – Education: A necessary but not a sufficient basis for social mobility
“ Has wider access to education increased social mobility in India? writes Hasan Suroor in Education is a necessary but not a sufficient basis for social mobility on thehindu.com. She interviews Oxford academic Craig Jeffrey, ‘a fellow and tutor in Geography at St. John’s College, who speaks fluent Hindi and Urdu’ and ‘who spent several … Continue reading
The consequences of job loss for workers
When workers get laid off, they typically pay a large economic price. This is true even for those lucky enough to find a new job, because most tend to earn wages substantially lower than what they earned previously. The figure below, from The State of Working America, 12th Edition, shows the average weekly earnings loss of … Continue reading
US – Is the recovery really here now? Yes indeed.
It seems real this time. 1. The unemployment rate is down: In U.S., Unadjusted Unemployment at 7.3% 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 … Continue reading
Update – UK – Employment has not been higher. How?
Tony Dolphin: If the UK is in Recession, How Come Employment is Increasing So Rapidly? The latest employment figures, published today, do little to resolve the conundrum over the UK’s unusual combination of strong employment growth and no economic growth. Over the last year, real GDP has fallen by 0.5%, while employment has increased by … Continue reading
40 Things Best To Know When Starting A Career
The career you think you’re going to have? This is not the career you’re going to end up with. The job you went to college for? That’s not the job you’re going to end up with. You will spend a good portion of your work day with nothing to do. Meetings almost never solve anything … Continue reading
Amnesty International – Workers on strike over layoffs
Dozens of Amnesty International workers are walking off the job in London and at least four other countries in a dispute over how management will deal with layoffs. The one day walkout Wednesday largely involves workers in the organization’s London office. The workers say that Amnesty has changed the rules on redundancy ahead of layoffs … Continue reading
PricewaterhouseCoopers – China and Hong Kong – 12 days holiday in the coming months, eight unpaid
More auditors in Hong Kong can expect to be taking extra-long holidays, courtesy of the city’s sluggish IPO market. This week, accounting firm PricewaterhouseCoopers announced that to help avoid layoffs, employees in mainland China and Hong Kong will be offered a chance to take an additional 12 days’ holiday in the coming months, of which … Continue reading
Canada – Ratio of unemployment to job vacancies drops
Canadian businesses had 264,000 job vacancies in July, an increase of 32,000 from July 2011. For every job vacancy, there were 5.3 unemployed people, down from 6.0 in July 2011. The decline in this ratio of unemployment to job vacancies was mainly a result of the increase in job vacancies. The national job vacancy rate was 1.8% in the three-month period ending in July, up from 1.6% … Continue reading
American Airlines – Plans to hire more than 1,500 new flight attendants
American Airlines Inc. today said it would hire more than 1,500 new flight attendants in the next year to serve its international flight and training needs. American will begin the recruiting and hiring process next month and training will begin in January. The hiring news comes three weeks after 2,250 American flight attendants signed up … Continue reading
China – Hiring to hit lowest point in 4th qtr
Employers on the Chinese mainland are expecting the lowest hiring demand for 2012 in the fourth quarter, with about 53 per cent saying they will recruit more people, according to the latest Hudson Report released on Wednesday. But the report, which questioned 6,400 employers, said hiring demand on the mainland remains the highest among all … Continue reading
India – Skills Gap – Trouble finding the right candidate for the right job will intensify
Indian employers have trouble finding the right candidate for the right job and this trend is likely to intensify in the next three years, says HR service provider Randstad. According to Randstad India’s global Workmonitor Survey 2012, Indian employers have trouble finding highly qualified people and this trend is set to continue for the next … Continue reading
S.C. Dept. of Employment – To Lay Off 136 Workers
The line at South Carolina’s unemployment agency might be getting longer — and there will be fewer workers there to help the unemployed find jobs. That’s because the S.C. Dept. of Employment and Workforce is set to lay off an estimated 136 workers over the next few months. “Like most other states throughout the country, … Continue reading
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