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Germany – Merck KGaA – To eliminate 1,100 jobs
German drug maker Merck KGaA is to eliminate one out of every 10 jobs in its home country. Merck said Tuesday it would cut 1,100 of the 10,900 positions in its home country. It signed an agreement with employee representatives about the cost cuts. The company will try to find the cuts through either not … Continue reading
Spain – Unemployment benefits Claims Up as Public Jobs Vanish
The number of people claiming unemployment benefits in Spain rose by 38,179 in August from the previous month to a total of 4,625,634. Employment Ministry spokeswoman Engracia Hidalgo said although the monthly rise in unemployment was bad news, the increase was the smallest since August 2006. Unemployment among young people under the age of 25 … Continue reading
6 challenges for American worker
The Detroit Free Press looks at some of those challenges. Not enough jobs Long-term unemploymen Retirement anxiety Crummy jobs Bad bosses Decline of union via 6 challenges affecting the American worker – USATODAY.com.
Boston Scientific – Untold number of Layoffs to Come
Medical device giant Boston Scientific expects an untold number of layoffs in the next few months and the company will its cardiac device businesses into separate CRM and stent divisions. Medtech titan Boston Scientific (NYSE:BSX) is making some big moves in the next few months, including some new rounds of layoffs and the halving of its … Continue reading
Sept. 11, 2001 – American recalls 211 TWA flight attendants
More than 200 Trans World Airlines flight attendants are about to go back to work, nearly 11 years after the Sept. 11, 2001, terrorist attacks that caused an airline industry slowdown. The recall of 211 workers announced Thursday means that effective Nov. 17, there won’t be a single former TWA attendant on furlough for the … Continue reading
Siemens – More Than 150 North Texas Jobs Cut
Siemens Industry, Inc has announced that it is preparing to layoff more than 150 employees in the North Texas area. A spokesperson for Siemens said North Texas employees were notified Thursday that layoffs will take place until the end of 2013. About 160 full-time employees are expected to be affected. All layoffs will take place … Continue reading
Ottawa – Mitel – As many as 200 layoffs
Amid a “disappointing” quarter for Ottawa’s Mitel (TSX:MNW) that included halted orders and layoffs of as many as 200 people across its operations, CEO Richard McBee says he remains confident the company is poised for growth in the long term… via UPDATE: ‘Disappointing’ quarter for Mitel includes lower sales, layoffs – Technology – Ottawa Business Journal.
Brillion Iron Works – 200 layoffs
Nearly 200 people will soon be out of work in Brillion. Executives at Brillion Iron Works say the economy is forcing them to cut 198 positions, including 184 hourly jobs. The year began with the company hiring about 200 workers to keep up demand for automotive castings. But, company officials say that demand has slowed … Continue reading
South Africa – Skills and vocational training need rethink
Late in 2008, Acts were passed to make substantial changes to the first post-1994 national qualifications framework. It was split into three linked frameworks, each with its own quality council: Umalusi, the Higher Education Quality Council and the Quality Council for Trades and Occupations. This signified a dramatic policy shift and the introduction of the … Continue reading
What Americans Do of Their Time in a Workday
What Americans Do All Day Long | The Big Picture.
Vivendi plans to cut jobs
French media and telecoms giant Vivendi has said it will cut costs, including jobs, as it reported a drop in second-quarter net profits mainly due to its struggling telecoms unit. Net profit fell 46% to 619m euros ($777m; £490m) on revenue down 1.5% to 6.96bn euros, a statement said. Vivendi said it would cut costs … Continue reading
Federal extended unemployment benefits – More reductions are set for September
“I am getting frantic emails and comments on my blog posts from people who are running out of unemployment benefits and aren’t sure why” writes Alison Doyle. “The reason is that what is provided for unemployed workers changed dramatically in January.” “Federal extended unemployment benefits have been gradually reduced this year and more reductions are … Continue reading
Volvo to axe 200-300 jobs
Swedish carmaker Volvo, owned by Chinese Zhejiang Geely, GEELY.UL is to cut production in Sweden about 10 percent and axe 200-300 jobs due to slower than expected sales, a union said on Thursday… via Volvo to cut car production by 10 percent: union | Business | Reuters.
Israel – Unemployment drops despite record layoffs
Despite a three-year high in layoffs in July 2012, following steady increases in layoffs in the previous months, the Central Bureau of Statistics today reported that the unemployment rate among persons over the age of 15 fell to 6.5% in July from 7.1% in June and 7% in the second quarter. Participation in the labor … Continue reading
Most people over 55 would work longer with a pay raise
What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer before they retired, to enjoy the extra income. By eliminating social security payroll taxes starting when workers are 55-years-old, the study shows that people’s … Continue reading
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