Job Market Monitor
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Commerzbank / To cut 5,200 jobs by 2016
Commerzbank AG (CBK), the German lender that plans to cut 5,200 jobs by 2016, said two executives will leave its management board as part of the reductions Continue reading
(Update) RWE / Would cut 3,400 jobs
RWE , Germany’s No.2 utility, will be cutting some 2,500 jobs in its power generating business in Germany over the next few years, a source familiar with the plans said on Wednesday. In a bid to cope with tepid energy demand in Europe as well as loss-making power plants, RWE would also cut jobs in … Continue reading
Alstom / To cut at least 1,300 jobs
The group said that it would shed at least 1,300 jobs, most of them in Europe, and that it intended to sell part of its railway equipment division and other assets to raise 1.0-2.0 billion euros by the end of 2014 Continue reading
Canada’s beer economy / One job in 100
The beer economy accounts for one in 100 Canadian jobs, or almost 1 percent of gross domestic product, says a new report from the Conference Board of Canada Continue reading
Steel Workers in Canada / There are going to be jobs
“There are going to be jobs. There’s going to be good quality jobs,” said Dr. Peter Warrian, a senior research fellow at the University of Toronto and leading Canadian expert in the steel industry Continue reading
BAE / To cut 1,775 jobs in Britain
British arms maker BAE Systems is set to axe more than 1,000 jobs at its shipbuilding yards in Scotland and southern England Continue reading
Is Apple reshoring ? / 2,000 new jobs in Arizona
Apple Inc. (AAPL) said it’s opening a new plant in Mesa, Arizona, that will create 2,000 jobs to make components for its products, part of a push by the world’s most valuable company to boost manufacturing in the U.S. Apple struck a deal to pay $578 million to GT Advanced Technologies Inc. (GTAT) to supply … Continue reading
US / Mortgage business has announced 49,000 layoffs the first nine months of 2013
Financial firms are cutting tens of thousands of jobs because of a slowdown in the mortgage business, the sluggish economy, the growth of online banking and new regulations. The sector announced 49,000 layoffs the first nine months of 2013, most among all industries, outplacement firm Challenger Gray & Christmas said in a report. Challenger expects … Continue reading
Acer / To cut employee numbers by 7 percent
Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company’s sagging fortunes. Citing the company’s recent run of poor financial results, Wang said in a statement on Tuesday: “It is … Continue reading
Npower / To axe 2,000 call centre jobs ?
Energy chiefs at Npower were today urged to come clean over growing speculation they are about to outsource 2,000 call centre jobs Continue reading
Encana / To cut workforce by 20 per cent
Canadian natural gas giant Encana Corp. says it will cut its workforce by 20 per cent, close its office in Plano, Texas, and spin off a large portion of its Alberta assets into a separate public company Continue reading
US / Okun’s Law says the economy is well below its potential
The basic logic that underlies Okun’s law has proven to be robust over the decades Continue reading
Autistic Workers / Why hiring them can be good for business
The German group SAP, Europe’s largest software developer, announced in May that it would hire 650 people with Asperger syndrome to program and test management software Continue reading
Portugal / The crisis has destroyed one in seven jobs says ILO
Portugal’s economic crisis has destroyed one in seven jobs, with most of them lost since its 2011 emergency bailout programme kicked in, says the International Labour Organization Continue reading
Co-op Group / To close 50 bank branches with “significant” job losses
The Co-operative Group on Monday announced plans to close around 50 of its bank branches as part of a £1.5 billion rescue plan that will give investors majority control of the lender… The move has caused concern among some about whether the bank will be able to retain the ethical approach which attracted many of … Continue reading
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