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Wage Growth in the U.S. Will Feel Effects of Great Recession for Years to Come | The Conference Board
The Great Recession has confronted U.S. workers with an extended buyer’s market in jobs, according to a new Executive Action Report from The Conference Board, leading to overall wage growth between 2008 and 2010 that was the weakest since the 1960s. Feeling the Pain: Wage Growth in the United States examines prevailing trends in recent … Continue reading
Briggs & Stratton | 460 jobs cut
Briggs & Stratton Corp. said Thursday that it plans to cut about 460 jobs and stop selling gardening products through big retailers as demand for its goods shrinks. The company, which is based in Milwaukee, is shifting some manufacturing work from an Alabama plant to another plant it has in China, or to contractors elsewhere … Continue reading
Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign
SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
First generation of employers with no widespread military experience makes finding a job hard for veterans
Matt Pizzo has a law degree, can-do attitude, proven leadership skills, and expertise in communications and satellite technology from his four years in the Air Force. Yet the 29-year-old has been told that he’s overqualified, too old, too “non-traditional,” and that he’s fallen behind his civilian contemporaries. “It was disheartening, to say the least,” he … Continue reading
China’s Job market | Small companies are confronting growing difficulties
A slowdown in China’s economy has not caused employment woes, officials have claimed, but they also warned of challenges as the country’s small companies are confronting growing difficulties. The country’s urban registered unemployment rate stood at 4.1 percent in the first three months of 2012, according to figures released on Wednesday by the Ministry of … Continue reading
Lufthansa | Still evaluating but 3,000 job cuts rumored
Deutsche Lufthansa AG said it was still evaluating how many jobs it would cut in a cost-reduction programme, in response to a report that Germany’s biggest airline plans to axe about 3,000 administrative jobs. German mass-circulation paper Bild earlier reported that Lufthansa planned to cut half of a total of 6,000 administrative jobs around the … Continue reading
Reverse Offshoring | Indian firms creates jobs in US
Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading
Equal Employment Opportunity | New rules on job seekers with criminal records
The U.S. Equal Employment Opportunity Commission voted Wednesday to revise its long-standing guidance to employers on how to properly evaluate job applicants’ criminal histories in pre-employment screening. The issue became a controversy because an estimated 65 million Americans have some type of criminal record, which can make it very difficult to get a job. Researchers … Continue reading
The Talent War | The Mining Battle | The case of Australia
Shortages of skilled labour – in fact, any labour at all – in mining regions drives wages and salaries to stratospheric levels, in turn bidding up prices for accommodation, food and local services. This makes life very difficult for individuals and families who do not benefit directly from inflated incomes and yet also face inflated … Continue reading
TransHub Ontario aims to add 5,000 jobs by 2015
A regional transportation advocacy group should target large manufacturers, trucking companies and warehouses in the GTA to sell them on moving west to get out of gridlock. That’s one of the recommendations of a new report laying out the action plan for the next three years of TransHub Ontario. The year-old group aims to capitalize … Continue reading
Orion bus manufacturing to layoff
It’s too soon to tell how many layoffs will be coming to the Orion bus manufacturing facility, a Daimler spokeswoman said today. The company announced this morning it would cease bus manufacturing operations in North America. A similar facility in Mississauga, Canada, will be closed, while certain operations will be continued out of the company’s … Continue reading
Aurora Bank | 450 layoffs in Indianapolis
About 450 employees are facing layoff from their jobs with the Indianapolis offices of Aurora Bank FSB, a financially-troubled mortgage servicer that has been for sale. The Delaware-based bank and mortgage institution, a division of financially-troubled Wall Street firm Lehman Brothers, filed a letter warning of the job cuts that was posted today on the … Continue reading
Progress Software To Layoff 10-15% of Employees
Business software solutions provider Progress Software Corp. (PRGS: News ), Wednesday revealed new restructuring plans to divest ten of its non-core product lines and layoff about 10 to 15 percent of its total workforce. The Bedford, Massachusetts-based company deemed the the new steps as necessary to improve profitability and shareholder value. The company also authorized … Continue reading
The cry of an innocent | David Cameron is disappointed by UK double-dip recession
Britain’s return to recession is “very, very disappointing”, Prime Minister David Cameron said today, but he insisted the Government will stick to its programme of austerity and deficit reduction. The Office for National Statistics today announced the 0.2% decline in gross domestic product (GDP) in the first quarter of the year which, after a fall … Continue reading
HSBC | 2,000 UK layoffs
Banking giant HSBC is this week expected to announce some 2,000 UK job cuts as part of a restructuring of its global business. The axe is expected to fall on nearly 4% of the bank’s 52,000-strong UK workforce in a drive to slash costs and help the business react to the tougher climate in the … Continue reading
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