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A Secure Job to be in the Middle Class
Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of … Continue reading
Denmark – Vestas announces 1,400 job cuts
Danish wind turbine company Vestas is to cut an additional 1,400 jobs. Officials from the firm said that the move comes ahead of predicted sluggish demand in the industry next year, and will provide the organisation with some EUR 100 million in cost savings. The news comes after Vestas cut 2,335 jobs earlier in the … Continue reading
UK – Aviva to cut up to 800 jobs
Aviva is to cut up to 800 jobs in the UK as chairman John McFarlane embarks on a £400m global cost-cutting drive. The job cuts are likely to come from both the general and life insurance arms of the UK operation and are set to be completed by the end of 2012. The life insurance … Continue reading
Fiji – 200 new jobs in waste management business
INVESTMENT Fiji has approved a $100million worth application from an American company to start a waste management business in Viti Levu. This was confirmed by Investment Fiji chairman Adrian Sofield who said the investment should create about 200 new jobs. The proposal from the company is to collect rubbish across the country, which includes villages … Continue reading
France – Carrefour – 500-600 jobs cut
Carrefour (CARR.PA: Quote), the world’s second-largest retailer, plans to cut up to 600 French jobs as its new boss slashes costs in a bid to turn the struggling company around, unions said on Wednesday. “The group told the various works councils that the plan is to cut 500-600 jobs,” Force Ouvriere union representative Michel Enguelz … Continue reading
Säpo to cut jobs due to ‘financial strain’ – The Local
Swedish security service Säpo will be making major staff cutbacks due to “economic strain”, news that comes shortly after revelations of their 5.3 million kronor ($802,500) James Bond-themed party last year. One in ten staff members will lose their jobs as a result of the “tough economic times” for the agency, wrote the Dagens Nyheter … Continue reading
UK – Employment law offers ‘excessive protections’ write rising star MPs of the Conservative party
Earlier this month, the Evening Standard leaked extracts from a forthcoming book entitled Britannia Unchained: Global Growth and Prosperity, which will be published in the run-up to this year’s Conservative Party Conference. The book’s publishers Palgrave MacMillan describe the book as follows: Presented by a team of rising star MPs of the Conservative party, Britannia … Continue reading
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Long-term Unemployment Hard On Confidence
Janice Pratt came here in the 1980s for the booming local economy, but now the city’s unemployment rate is 9 percent. She hasn’t had steady work since 2008 when she lost her job with a tech company after a lengthy marketing career. Pratt fears the mere fact that she is unemployed is hurting her chances … Continue reading
UK – Airbus deal secures 6,000 jobs
Up to 6,000 jobs have been secured at Airbus’s factory in Cheshire following a major order from Philippine Airlines. The company makes wings for the Airbus at its plant at Broughton, near Chester. via BBC News – Airbus deal secures 6,000 Broughton jobs.
Canada – Investment in early education
The University of British Columbia’s Human Early Learning Partnership tracks school readiness across the province. In 2006, it reported 29.6% of children were entering school not ready to learn. Last year, it reported 30.9% of children arrived in kindergarten not ready to learn. Despite the efforts, and welcome innovations like Strong Start Centres, the situation … Continue reading
Thailand – Education gaps cost trillions
Without help, 5 million underprivileged children whose parents cannot afford to give them a proper education are fated to become low-skilled workers, an outcome that could cost the country trillions of baht in the long run. To prevent this scenario, the Education Ministry has been urged to ensure that these children are properly educated. Amornwich … Continue reading
Oregon – Schnitzer Steel to cut 300 jobs
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products. Schnitzer … Continue reading
Ireland – Target Express: 390 jobs cut
Ireland’s largest privately-owned transport company, College Freight, has announced it has decided to cease trading, with almost 400 people set to lose their jobs. The firm operates as Target Express and employs 390 staff. Target Express was started by County Fermanagh man Seamus McBrien, and had depots in Northern Ireland, the Republic of Ireland and … Continue reading
Volkswagen – 1 billion euros investment in Russia
Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
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