On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme. Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for … Continue reading
The Kellogg’s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs. The employees were told the news Tuesday during a staff meeting. “As with any project of this scope and one that impacts people, these are difficult decisions,” John Bryant, president and chief … Continue reading
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
About 1,000 jobs are expected to be created in Limerick over the next four years in a major expansion of the University of Limerick, part funded by the European Investment Bank. An estimated 700 of the jobs will be in construction and nearly 300 will be created on the existing campus as well as at a new campus … Continue reading
New SAP ‘Shared Service Centers’ are currently being developed in India and Turkey. Daimler IT is placing great emphasis on the skills of its own employees while expanding the facilities. In the new Shared Service Center,Daimler will create 800 new IT-jobs in Bangalore by 2015. Positive effects on IT suppliers and the IT sector in … Continue reading
European aerospace company EADS plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring programme it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by … Continue reading
NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of its workforce at its Virginia headquarters. The company said it expected to incur employee severance costs of $25 million to $35 million, most of … Continue reading
JCB has unveiled plans to create 2,500 jobs by 2018 in a boost to the government’s plans to create a sustainable recovery. The earthmoving equipment maker is to build two plants – replacing its facility at Rugeley – and expand operations at its Staffordshire headquarters under a £150m scheme unveiled on Friday. Chosen excerpts by … Continue reading
Canada-based Bank of Montreal (BMO) has eliminated nearly 1,000 jobs during the fourth quarter of current fiscal, as part of its strategy to trim down operational cost and boost efficiency. BMO chief operating officer Frank Techar was quoted by The Canadian Press as saying, “We did see a big reduction in the head count.” “For … Continue reading
Unilever is planning to cut the number of marketers it employs by 12 per cent globally, about 840 jobs, as part of a company-wide efficiency drive aimed at slashing costs across the business. FMCG giant outlines plans to make division marketing “simpler, leaner, more agile”. Presenting at the FMCG giant’s investor day in London yesterday … Continue reading
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
Employment continued on a slight upward trend for the third consecutive month, edging up 22,000 in November. The unemployment rate held steady at 6.9% for the third month in a row. So far this year, employment growth has averaged 13,400 per month, compared with an average of 25,400 over the same period in 2012. Chart 1 Employment Provincially, employment rose in Alberta and declined in … Continue reading
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading
Statistics showed that applicants taking the civil servant exam this year totaled 1.52 million Continue reading
Layoffs hit AOL yesterday, Capital has learned. The majority of impacted employees worked on the editorial side of the AOL.com homepage, according to sources with knowledge of the cuts, who put the total number of pink slips around 20. The culling, one of numerous that have hit different areas of the web portal in recent … Continue reading