Job Market Monitor
Business
Sears Canada / Laying off close to 800 workers
Sears Canada Inc. is laying off close to 800 employees as it reorganizes its repair services and parts business and makes cuts at head office Continue reading
Tunisia / Where are the jobs ?
Tunisia’s “Arab Spring” revolution, born out of economic despair, is failing to deliver the jobs and opportunities of a better life that its people long for, and had once expected Continue reading
Pixar / To layoff less than 5% due to ‘The Good Dinosaur’ delay – latimes.com
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film “The Good Dinosaur.” The layoffs affect less than 5% of the company’s 1,200-person workforce, according to a source close to the studio. In September, “The Good Dinosaur” was pushed back from … Continue reading
MBAs in US / The Job Market to get a lot worse i
If you’re graduating from business school this spring, you might want to be sitting down for this: the job market for recent MBA graduates looks poised to get a lot worse in 2014 Continue reading
Ford in US / To add 350 jobs
Ford will add 350 jobs and invest $150 million at a US stamping plant as part of a major expansion of its capacity, the automaker said Thursday. The investment will be used to upgrade equipment at its Buffalo, New York facility and the new jobs will support a third shift of production. Ford said it … Continue reading
Tribune / To cut 700 jobs across the Chicago Tribune, Los Angeles Times and six other daily newspapers
Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers Continue reading
EADS / To cut up to 8,000 jobs at Airbus Defence & Space
European aeronautics group EADS is planning to cut up to 20 percent of the roughly 40,000-strong workforce at its newly created Airbus Defence & Space division, German news agency dpa reported on Wednesday, citing “informed sources”. A company spokesman declined to comment and said there would be more details announced on Dec. 9, when EADS … Continue reading
US Factory Workers / Wages Stagnate
“What’s being referred to as a recovery in manufacturing is to a large extent a recovery in profitability,” said Dean Baker, co-director of the Center for Economic and Policy Research, a Washington-based group funded by unions and private foundations Continue reading
Alitalia / To cut up to 2,600 staff ?
Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized say union sources Continue reading
Australia / Tax Office to shed 900 jobs
The Australian Taxation Office will cut 900 jobs in the next seven months, staff were told late on Wednesday The Tax Office’s 25,000 workers across Australia were informed by email to expect redundancies as efficiency dividends by the previous Labor government and mandated by the Coalition began to bite. The move paves the way for … Continue reading
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
Mortgage Jobs in US / Over 15,000 Lost in Third Quarter
It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead. Continue reading
Bloomberg / To Cuts 50 Jobs in Newsroom
Bloomberg said it will cut about 2% of staff, or around 50 people in its news division as it struggles to maintain profits in a tough economic environment. Areas including sports, arts and entertainment will see the most cuts according to people familiar with the company\’s plans, although a small proportion of personnel will be … Continue reading
Bosch / Battling to avoid cutting jobs
After being hit hard by stagnation of demand linked to the continent’s debt crisis, Bosch is now battling to avoid cutting jobs at its European plants. In spite of recent growth in emerging markets, Europe still accounts for 57 % of sales and forecasts expect revenues this year to remain below the level achieved in … Continue reading
Ireland / Deutsche Bank to create 700 jobs
Deutsche Bank has announced that it will generate over 700 jobs in Dublin over the coming years Continue reading
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