Job Market Monitor
Business
Exar Cutting More Than 30% of Jobs
The chipmaker Exar this morning said it has expanded its cost reduction program, cutting about 120 jobs, or about 30% of worldwide headcount. The move is intended to save about $12 million a year, about 30% of that in operations and 70% in R&D and SG&A. The cuts follow a previous round of cuts in … Continue reading
Balfour Beatty | 12,000 jobs at risk
Britain’s biggest construction company Balfour Beatty (BALF.L: Quote) has warned all its 12,000 staff in the UK that their jobs are at risk, the construction industry magazine Building reported on Wednesday. Read More @ Balfour Beatty warns 12,000 jobs at risk: report | Business | Reuters.
Daio Paper Corp. to cut 900 jobs
Daio Paper Corp. will cut 900 jobs within three years by not replacing retiring workers, it said in a statement. Daio expects the job cuts to lead to about 5.5 billion yen of savings annually. The stock slipped 1.2 percent to 498 yen. via Ashok, Cheung Kong, Hankyu, Nippon, Suzlon: Asia Stock Preview – Bloomberg.
Philippines | Skills Gap | 2M jobs available this year
JOB vacancies up for grabs in the Philippines could hit 2 million this year in the five hottest fields: information technology, engineering, finance, sales and customer service, according to internet recruitment web-based firm Jobstreet.com. Jobstreet.com said in 2011, there were 2.7 million job vacancies, of which 40 percent were posted by the Malaysian-listed firm. Yoda … Continue reading
Best Buy | Large Stores Closing and Layoffs to Come
Best Buy Co.reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper cuts to turn around the world’s largest consumer electronics chain… Read More @ Best Buy to close stores, cut jobs on 4Q weakness – South Florida Sun-Sentinel.com.
Tips for a Job | Interviewers Aren’t Friends | Must-Ask Questions | Body Language Mistakes | Qualities In the Eyes of Hiring Managers
The week is rich in tips. Here are some articles chosen by Job Market Monitor. 3 Reasons Why Your Interviewer isn’t Your Friend | CAREEREALISM I’m going to tell you something that shouldn’t come as a surprise. Ready? Okay… Your interviewer is not your friend. But you already knew that, right? So, why do so many job … Continue reading
Rio Tinto | 300 workers lose job at metal plant
The Press Association – More than 300 jobs are to be lost after mining giant Rio Tinto Alcan confirmed it will shut an aluminium smelting plant later this month. The site at Lynemouth, Northumberland opened in 1972 and employs 515 staff, alongside 111 staff who work at a power station 200 metres away. Confirming closure plans first … Continue reading
UK | Firms asked to stop hiring foreign workers by minister Damian Green
NDTV – Amid increasing curbs on Indian and other non-EU professionals, UK authorities on Tuesday asked companies in the country to stop their “addiction” to recruiting foreign workers and hire local workers instead. Thousands of Indian professionals migrate to the UK under the ‘intra-company transfer’ and other routes, but recent and proposed changes have been strongly … Continue reading
Cloud Computing | 14 Million New Jobs by 2015 and US$1.1 trillion a year in new business
Microsoft – A new Microsoft-funded IDC study shows businesses that move to the cloud are freeing up time and money to invest in innovation and job creation. Among the study’s findings: • Cloud computing will create nearly 14 million new jobs between 2011 and 2015. • By 2015, business revenues from IT innovation enabled by … Continue reading
India | Productivity | ‘Paraskilling’ creates new jobs by slicing old ones to bits
CSMonitor – How can you reduce surgery costs while boosting local employment? Paraskilling, that’s how. The paraskilling framework is as old as the assembly line, but it’s got a new modus operandi. By re-engineering complex systems into simplified tasks that can be performed by a larger, lower-skilled workforce, an organization is able to cut its … Continue reading
GM | Job losses to come from its European business
The Guardian – GM would stick to a labour deal that limits factory closures before 2014, Girsky indicated nonetheless that there would be job losses from its European business. “We know in the future that there may not be the same amount of people here as there are today. It is important that we create … Continue reading
China | Quality is Job No 1
China Daily: The most important task facing China’s economy in 2012 is to improve the quality of economic growth, including energy conservation, emissions reduction, and industry restructuring, said renowned economist Li Yining, a member of the Chinese People’s Political Consultative Conference, at a panel discussion of economic experts on Tuesday. The 2011 Central Economic Work Conference, … Continue reading
Tips: Entry-Level Resume in Recession
The Savvy Intern by YouTern: If you’re applying for a job at the entry level, you may be taking your first stab at writing a resume, which is always exciting. But the writing process gets even more exciting (and a bit more challenging) if you’re writing yours during a tough economic period. Competition is usually a … Continue reading
Permanent Layoffs in Canada | Only around 40% are “rare” events, particularly among older workers
A new study by Statistics Canada by Garnett Picot, Zhengxi Lin and Wendy Pyper uses a new longitudinal data source on the separations of workers to address three issues: First, has there in fact been an increase in the permanent layoff rate in Canada in the 1990s, as one might anticipate given concerns about rising job instability? … Continue reading
Windsor | Skills Gap | CS Wind is having trouble finding 100 skilled workers
The fact that CS Wind is having trouble finding 100 skilled workers for its Windsor plant – and will have to look outside the region – might seem incongruous given that we have high unemployment and people eager to work. But it’s also a reflection of something that is happening in other parts of the … Continue reading
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