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DragonWave to cut more jobs
Canadian telecom network equipment maker DragonWave Inc (DWI.TO: Quote) (DRWI.O: Quote) said it is eliminating 48 jobs as it grapples with cash burn due to its acquisition of Nokia Siemens Networks’ NOKI.UL microwave business. This is its second job cut in three months. DragonWave had cut 68 jobs in Ottawa and Israel in June. The … Continue reading
HP to cut 2,000 more jobs
Hewlett-Packard said it will slash 2,000 more jobs as the technology giant unveiled a bundle of new computers. In a regulatory filing, the Palo Alto tech company revealed it now plans to cut 29,000 jobs by October 2014, according to a report by the Associated Press. Previously, the company had said it planned to cut 27,000… … Continue reading
Canada – Employment Up by 34,000 with 33,000 in Quebec
After a decline in July, employment rose by 34,000 in August, the result of an increase in part-time work. The unemployment rate held steady at 7.3%. Employment On a year-over-year basis, employment increased by 1.0% or 177,000, with most of the gains occurring in the spring of this year. Virtually all of the increase in the 12-month period was in full-time … Continue reading
US – Employment rose by only 96,000 but unemployment rate down at 8.1%
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since … Continue reading
UK – The Queen rejects Government’s apprenticeship programme
Buckingham Palace was approached by ministers keen for Royal estates to hire young people on a Government-backed programme. But the Queen will instead keep her own apprenticeships for chefs, footmen and housemaids, according to The Times. The response was revealed in a Freedom of Information request about the Apprenticeships Bill, which was in its early … Continue reading
Microsoft – 1,000 new jobs in China
Microsoft will hire 1,000 staff in China over the coming year, adding to the 4,500 the company already employs in the country, a senior executive said on Thursday. The move is aimed at strengthening the company’s position in a market it sees as key to future growth, but where software piracy and regulation remain serious … Continue reading
Australia – Unemployment rate drops
Australia’s unemployment rate unexpectedly dropped in August, giving a boost to the country’s currency, though analysts said the data actually point to softness in the labor market. The country’s jobless rate decreased 0.1 percentage point to 5.1% in August, the Australian Bureau of Statistics reported Thursday. Economists had been expecting the jobless rate to hit … Continue reading
UK – Unemployment is deliberately high says TUC
Frances O’Grady – incoming TUC general secretary – has suggested in a Guardian interview today that high unemployment is a deliberate ploy being used by the government to suppress wage claims and destroy employment rights. As she puts it: There was certainly a strong view in the 1980s, not just among trade unions, but also among a number of intellectuals and commentators, that unemployment was being … Continue reading
French unemployment 13-year high and crosses the 3 M unemployed threshold
France’s unemployment rate rose to its highest level in 13 years in the second quarter, official data showed on Thursday, in a setback to the Socialist government, which was elected on a pledge to bring down the jobless rate. The rise in unemployment to 10.2 percent, measured according to the International Labour Organisation’s (ILO) criteria, … Continue reading
Intel – Veterans hired for their job skills
Intel has hired nearly 400 veterans in Arizona since the first of the year, and the company’s recruiter said it makes good business sense. “The veterans we’re hiring absolutely meet critical skills we require,” said Robert Polston, director of veterans recruiting at Intel, a full-time employee since 2004 and a captain in the Arizona Army … Continue reading
U.S. Employment Outlook, Simply Hired
Nationwide job openings dip. For the first time in four months, nationwide job openings decreased in August, with a 1.7% decline from July. However, year-over-year job openings remain positive with a 2.5 percent increase. Job competition remained the same at a nationwide ratio of 3:1. “After three continuous months of job opening growth, nationwide job … Continue reading
Education Gap – Chicago – 3.5 job openings for every unemployed worker with a bachelor’s degree or higher
A just-released report from the Brookings Institution rated Chicago and other cities by how well job openings line up with workers’ education. Like most big cities, Chicago has a larger share of available jobs that require higher education — a bachelor’s degree or more — than job seekers who hold those degrees. There are 3.5 … Continue reading
India – Infosys to hire 8,000 people
Infosys BPO has said it will hire about 8,000 people in the remaining part of this financial year and about 20 per cent of them will be in middle and senior level professionals. “In FY 2013, we are looking at hiring 10,000-12,000 people. Of this 4,000 have already been hired. About 15-20 per cent of … Continue reading
Better Making Clothes In The US
Edwin Keh, a lecturer at the Wharton School at University of Pennsylvania, told WWD: “In the last couple of years, chiefly in the relationship of the U.S. dollar to the Chinese renminbi, it became less. Coupled with stubbornly high oil prices, suddenly the question became why take on so much risk to offshore when you … Continue reading
Direct Line – 900 jobs cut
Insurance company Direct Line Group, which is being demerged by parent company RBS, has said it will shed 900 jobs in a bid to save costs. Direct Line has launched a series of initiatives to target £100m of gross annual cost savings by the end of 2014. That includes the closure of a site in … Continue reading
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