Job Market Monitor
Business
UK – Royal Mail to cut 1,600 jobs
Royal Mail is planning to cut 1,600 roles as part of a drive to cut costs, mainly among its head office managerial staff. The postal delivery service says the net effect will be 1,300 job losses, as it plans to create 300 new or enhanced roles at the same time. It says the cuts are … Continue reading
Finnair – To Cut 680 Jobs
Helsinki, 27 March 2014. Steep losses forced Finnair to lay off about 680 workers and suspend several dozen aircraft orders. Finnair has started employee consultations with its personnel in administrative and support functions as well as cabin attendants. “We still hope to achieve results in negotiations, outsourcing and redundancies are always a secondary option. The measures are part of … Continue reading
UK / Thousands of low-skilled food manufacturing jobs are likely to go unfilled
Thousands of low-skilled food manufacturing jobs are likely to go unfilled as the industry focuses on filling high-skilled jobs vacancies, the industry has warned. There is a large demand for workers with basic skills in UK food manufacturing, despite the large number of graduates seeking jobs. Although the sector faces a skills shortage, most people … Continue reading
Credit Suisse / Cut up to 500 jobs to be announced
Credit Suisse could cut up to 500 jobs at its private bank as part of a cost-saving drive, a Swiss newspaper reported on Sunday. The Schweiz am Sonntag said Hans-Ulrich Meister, co-head of Credit Suisse’s private bank, is working on a plan to cut up to 500 positions worldwide, of which around half could be … Continue reading
Volvo – To cut 450 jobs in Sweden
Truck maker Volvo’s construction equipment unit plans to cut 450 jobs in Sweden due to lagging profitability and an unfavourable product mix, its European head of production said on Thursday. Jorgen Svenningsson said the company hoped to be able to solve the issue on a voluntary basis and that none of the employees had been … Continue reading
Deutsche Bank – New layoffs to come
Deutsche Bank AG (DBK), Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said. The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital … Continue reading
Continental Ag – To create 7,000 new jobs
Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 – from 178,000 in 2013 to 185,000 by the end of the year. The company said it plans to increase sales by 5 … Continue reading
Chrysler – To hire 1,000 at Jeep plant
After running its employees flat-out building Jeeps in Toledo, Chrysler Group is about to give them a break. It plans to hire up to 1,000 part-time employees at its Toledo Assembly complex to take some of the burden off full-time employees and give them some time off, The Blade in Toledo reports. Most will get … Continue reading
The Ageing Workforce in Europe – A report from The Economist Intelligence Unit
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend … Continue reading
UniCredit – To cut cut 8,500 jobs by 2018
Leading Italian bank UniCredit has posted a massive loss of 14 billion euros for 2013. Much of that was as it wrote off bad loans that it knows will never be repaid, along with so-called goodwill – the paper value of assets – in Italy, Austria and central and eastern Europe. The writedowns are to … Continue reading
Job Entrepreneurs – Companies maximizing jobs over profits
What if the purpose of a company was to employ people? Instead of hiring enough people to make the greatest profit, it would make enough profit to hire the greatest number of people. Put simply, these “job entrepreneurs” maximize jobs instead of profits. There is a precedent in this. “Social entrepreneurs” seek to maximize purpose … Continue reading
The Apps Economy in Canada – To top 110,000 by 2019
The number of people employed in Canada’s apps economy has grown to over 64,000, and will top 110,000 by 2019, say analysts at the Information and Communications Technology Council (ICTC). The estimates and projections were released today in the Council’s second look at the red-hot Canadian mobile apps landscape, The Appification of Everything: Canada’s apps … Continue reading
Apple – Foxconn to hire 15,000 more workers
Foxconn wants to expand further beyond its roots as a parts supplier, and it’s looking to hire enough people to push that effort. The Taiwan-based company also known as Hon Hai announced this past weekend that it plans to hire 15,000 employees in its native country, The Wall Street Journal reported on Monday. The hiring … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
Disney’s Games and Online Division / 700 Layoffs
Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market. As part of the revamp, Disney will lay off 700 employees, roughly one-quarter of the interactive division, according to a person … Continue reading
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