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Coke – To cut up to 2,000 jobs soon
Coca-Cola Co (KO.N) plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The job cuts are part of Coke’s $3 billion cost-cutting program, which it announced in October after posting a 14 percent drop in third-quarter profit, according to the Journal. Job-cut notices … Continue reading
Quality Job in US – Outlook back at pre-recession levels Gallup finds
The percentage of Americans saying now is a good time to find a quality job jumped to 36% in December, up six percentage points from November. This is by one point the highest percentage found since November 2007, prior to the start of the Great Recession. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Finland – Unemployment rose sharply among highly-educated
Unemployment rose sharply among highly-educated people in Finland last year, according to figures released by the central statistics office on Tuesday. Joblessness among those with tertiary-level degrees climbed by some 30 percent between 2012 and 2013, says Statistics Finland. While more people in Finland overall were looking for work, this group expanded the most quickly. … Continue reading
Halliburton – To cut 1,000 jobs
One of the largest oil service companies in the world scaled-back its workforce recently as prices remain stymied. Halliburton Co. announced it would cut 1,000 jobs amid falling oil prices. The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia. No jobs in the Americas would be affected by the cuts. … Continue reading
What About Low Fertility in US ? Six Fertility Lessons
First, a fertility rate of 1.9 is nothing to worry about. It is still high by international standards and likely to tick back up as the economy recovers. Second, young people cannot be “bribed” into having children through lower taxes or large baby bonuses. (Organizing work and school schedules to suit modern family life is … Continue reading
Job Vacancies in Canada – Private sector vacancy rate is beginning to creep upward CFIB finds
After basically holding steady for the past two years, Canada’s private sector vacancy rate is beginning to creep upward. On a seasonally adjusted basis, 2.7 per cent of jobs lay vacant in these businesses—a tenth of a point higher than in the second quarter. Modest increases were seen in most business size categories. In total, … Continue reading
UK – Employment rates much higher with at least one qualification compared with no qualifications
Fewer than half (48.5%) of those with no qualifications were in employment compared with around 8 in 10 (80.7%) of those with at least one qualification. Those with no qualifications were most likely to work in ‘elementary’ (28.0%) and ‘machine operatives’ (18.1%) occupations. In general, as the level of qualification increased, so did the employment … Continue reading
The Skills Gap in Maine – A disconnect between educators and business people
A new report out today aims to deal with the so-called “skills gap” in Maine’s workforce. The report is part of a series called “Making Maine Work.” This one, according to Christopher Quinn, president of Kaplan University in Maine, uncovered a disconnect between educators and business people. Quinn told reporters that 72 percent of higher … Continue reading
NYT cutting more than 100 newsroom jobs
With the holidays around the corner, New York Times publisher Arthur Sulzberger Jr. will start handing out pink slips to 21 Newspaper Guild members on Tuesday. The cuts come after the company fell short of its goal of cutting 100 newsroom jobs through from a combination of voluntary buyouts. With the just announced layoffs, the … Continue reading
Greece – Unemployment falls to 25.7 pct in September
Greece’s jobless rate fell to 25.7 percent in September from a upwardly revised 26 percent rate in August as the country’s six-year recession eases, Greek statistics agency ELSTAT said on Thursday. September’s reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment … Continue reading
Australia – Unemployment rate in November at 12-year high
The unemployment rate has hit a 12-year high of 6.3%, fuelling talk of interest rate cuts in 2015. November’s figure is up from 6.2% the previous month despite the creation of 42,700 jobs, a figure nearly three times larger than economists were expecting. However, only 1,800 positions were full-time. The number of people looking for … Continue reading
US – Who are the jobless
Averages don’t tell us anything about how employment opportunities are distributed. We tend to talk about the unemployment rate as if it was a shared reflection on all of us. But that’s a bit silly. After all, no one is 5.8 percent unemployed and 94.2 percent employed. For real people, having a job is an … Continue reading
Not Working in US – From the highest employment rates among developed nations to the bottom of the list
Working, in America, is in decline. The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent. More recently, since the turn of the century, the share of women without paying jobs has been rising, too. The United … Continue reading
Job vacancies in Canada – 5.6 unemployed people
Canadian businesses reported 243,000 job vacancies in September, little changed compared with 12 months earlier. For every job vacancy, there were 5.6 unemployed people, down from 6.0 in September 2013. Unemployment-to-job vacancies ratio declines in New Brunswick and Prince Edward Island The ratio in New Brunswick declined from 11.7 to 8.8 in the 12 months to September, as there were fewer unemployed people in the province. Chart 1 Unemployment-to-job vacancies ratio, … Continue reading
India – TCS to hire 55,000
IT giant TCS is believed to be undertaking a significant performance-related restructuring of its workforce, which may also lead to some employees being asked to leave the company. Sources said that the restructuring exercise could affect both onsite and offsite positions across various verticals, even as the company said it is on track to meet … Continue reading
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