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Canadian Diamond Mine – Massive Layoffs To Come
Operators of the Diavik diamond nine in Canada’s Northwest Territories expect massive layoffs by the end of the month, according to a report in CBC News. There are currently over 1,000 employees working at Diavik, which sits 300 kilometers northeast of Yellownknife… via Massive Layoffs Expected in Canadian Diamond Mine.
Digital Domain layoffs 280 of its 300 employees
Tuesday, Digital Domain Media Group filed for Chapter 11 bankruptcy. This comes just three days after it laid off 280 of its 300 employees at its animation studio in Port St. Lucie. That allows the company to continue to operate while it sets up a plan to pay back its creditors… via Digital Domain layoffs: … Continue reading
Royal Philips Electronics to cut 2,200 additional jobs
Royal Philips Electronics said today that it cut 2,200 additional jobs to target an extra €300m in savings from the world’s largest lighting company as economic conditions deteriorate. Philips had already targeted 4,500 job losses. Headquartered in the Netherlands, Philips employs over 122,000 employees with sales and services in more than 100 countries worldwide. With sales … Continue reading
US – Weak Hiring Is The Problem, Not Layoffs
How bad is America’s jobs market? Layoffs and firings are at the lowest levels on record — yet the country still isn’t adding enough jobs to keep up with population growth. During the Great Recession, employers slashed millions of jobs. During the economic recovery, net job growth has been tepid. But the problem is no … Continue reading
UK – Long-term unemployment hits 16 year high
“Despite improvements in the overall employment rate, long-term unemployment has hit a 16 year high remains a serious problem, with more than 900,000 people out of work for more than a year. The long-term unemployed should be offered a guaranteed job to make sure they don’t become permanently cut off from the jobs market.” via … Continue reading
UK – The number of unemployed people increased by 978,000 since pre-recession peak, not counting the discouraged
UK Labour Market Statistics, September 2012 The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.1 … Continue reading
IT security – Skills shortage and no unemployment
There is zero unemployment in IT security, suggesting a huge shortage of skills in the profession, says Hord Tipton, executive director of professional certification body (ISC)2. But there needs to be a focus on training people to be specialists in areas such as digital forensics, cloud computing and access control, who can see the bigger … Continue reading
Teacher Layoffs – Could Lead to Shortage
Teacher layoffs may save the state money in the short term, but a report by the state Task Force for Educator Excellence says over time that trend may be one of the things keeping people from wanting to stand in front of a classroom. California’s school kids have unzipped a whole new school year and third grader … Continue reading
Inequalities in America – 288 times richer
The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years. In 1962, the top 1% had 125 times the net worth of the median household. That shot up to 288 times by 2010, according to a new report by the left-leaning Economic Policy Institute. That trend … Continue reading
Talent War – From Brain Drain to Brain Circulation
Representatives from higher education institutions in North America, South America, Europe, Asia and Australia met last week in Seeon, Germany, at the Sixth Annual Strategic Leaders Global Summit, an event co-hosted by Germany’s Technische Universitat Munchenthe and the Council of Graduate Schools, which is headquartered in Washington, D.C. The meeting’s theme was “From Brain Drain to … Continue reading
Willow Valley Inn – 175 Layoff
Willow Valley Inn & Suites in Lancaster County will lay off 175 people in November when the hotel closes to be demolished as part of the ongoing redevelopment there, according to a letter filed with the state Department of Labor and Industry. The West Lampeter Township hotel is operated by Willow Valley Associates Inc., which … Continue reading
Huawei – At least 700 new jobs with investment in UK
The Chinese telecoms equipment-maker Huawei will tomorrow hand David Cameron a post-Olympics trade boost by unveiling a £1.2bn investment plan to accelerate the growth of its British business. I can reveal that Huawei, one of China’s largest – and most contentious – private companies, will pledge to create at least 700 jobs in the UK … Continue reading
The 2011 Poverty Rate: What to Expect and How Long Will It Last? | Brookings Institution
The Center on Children and Families at Brookings has used a model for the past three years to predict the U.S. poverty rate before the official figure was released by the Census Bureau. As the table below shows, our track record is reasonably good although we caution that predictions are just that and can be … Continue reading
South Africa – Jobs Recession ?
“Most of the job losses during August were in the formal sector, which shed 14 382 jobs,” Adcorp said in a statement. “Permanent employment fell by 7 688 during the month, whereas agency employment increased by 1 083.” According to the Adcorp Employment Index, employment fell at an annualised rate of 0.23%, following sharp declines … Continue reading
Kodak to cut 1,000 more jobs
Bankrupt photography pioneer Eastman Kodak Co. is losing more executives and plans to cut an additional 1,000 jobs by the end of the year as it shrinks into a commercial printing-focused company. The latest job cuts follow the reduction of about 2,700 employees globally this year, the Rochester, New York-based company said Monday in a … Continue reading
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