Job Market Monitor
Business
Heinz / To Cut 1,350 Jobs, Close Three Plants
HJ Heinz Co., the ketchup-maker owned by Warren Buffett’s Berkshire Hathaway Inc. (A:US) and 3G Capital, said it will fire 1,350 workers as it closes manufacturing plants in North America Continue reading
Barclays / To cut 1,700 branch network jobs says Unite union
British bank Barclays (BARC.L: Quote) is cutting 1,700 jobs from its branch network as it moves to increase automation across its branches, the Unite union said on Thursday Continue reading
Npower – RWE / To cut 6,750 jobs across Europe
German power giant RWE will cut 6,750 jobs across Europe and reduce costs by another 1bn euros, to help deal with low wholesale prices for energy and an increase in renewable capacity Continue reading
UK / Blockbuster to cut 452 jobs and close 72 UK outlets
Appointed administrators to Blockbuster have announced plans to close 72 of its 264 outlets with the loss of 452 jobs Continue reading
Lockheed Martin / To Cut 4000 Jobs
Lockheed Martin (NYSE: LMT) announced today that it will close and consolidate several of its U.S. facilities and reduce its workforce by 4,000 positions Continue reading
Liepajas Metalurgs / To cut 1,500 jobs
Up to 1,500 workers at one of Latvia\’s biggest companies will be laid off this month, reports LETA. Officials at Liepajas Metalurgs, a metallurgical company, made the announcement on Wednesday, Nov. 13. It follows after an insolvency case was launched against the financially troubled company. ”No more than 300 essential employees are expected to remain … Continue reading
Newsrooms in US / The ranks of photographers, artists and videographers have been trimmed by nearly half since 2000
The ranks of photographers, artists and videographers have been trimmed by 43% —from 6,171 in 2000 to 3,493 in 2012, according to ASNE. Continue reading
Yellow Media / To cut 10 percent of workforce
Canadian telephone directory publisher Yellow Media Ltd said it will cut 10 percent (about 300 positions) of its workforce as it sharpens its focus on its digital business. Continue reading
US / International students supported 313,000 jobs in the 2012-2013 academic year
International students in the United States and their families supported 313,000 jobs and contributed US$24 billion to the economy in the 2012-2013 academic year according to the latest estimates by NAFSA: Association of International Educators Continue reading
Dominick’s in Chicago / 5,600 layoffs
Dominick’s officially notified the state on Oct. 30 that it is closing all of its Chicago-area stores Dec. 28, affecting a total of 5,633 workers. Continue reading
Canada / Expanding Canada Pension Plan benefits and the debate over the premiums
Finance Minister Jim Flaherty thinks that expanding Canada Pension Plan benefits might be a good idea, but just not now. The Canadian Federation of Independent Business thinks it might never be a good idea and has launched a national campaign against the reform. Continue reading
World Bank on Europe and Central Asia / Creating More and Better Jobs
The World Bank recommends actions for creating more jobs and making them more accessible HIGHLIGHTS A new regional report examines the role of policy reforms, firms, skills, incentives and barriers to work in Europe and Central Asia, and ways to create more and better jobs. Report suggests that countries must regain their momentum for economic … Continue reading
Novartis / To Cut 500 Jobs
Novartis AG (NOVN) plans to close two sites in Europe, move staff from California to the Boston area and cut about 500 jobs in an effort consolidate its research operations, especially in respiratory diseases. Novartis plans to close sites in Horsham, England, and Vienna and move cancer research from Emeryville, California, to Cambridge, Massachusetts, Eric … Continue reading
US / ADP’s numbers: 130,000 private-sector jobs added in October, the smallest gain since April
Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector … Continue reading
Conference Board International Labor Comparisons / Labor Markets Remain Stable in Many Advanced Economies – MarketWatch
Labor markets remain stable in many advanced economies, according to unemployment rates and employment growth data compiled and standardized by The Conference Board International Labor Comparisons (ILC) program for September. The unemployment rate in September was unchanged in four of the nine countries compared. Unemployment decreased in three countries – U.S., Japan and Australia. Japan … Continue reading
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