Job Market Monitor
Business
Arkansas / Nordex wind turbine plant to stop production and lay off
A $40 million wind turbine factory in northeast Arkansas that opened in 2010 with plans to employ more than 700 people announced Friday it would end production and lay off 40 workers Continue reading
Renesas / 1,000 jobs cut in Europe
Renesas Electronics will shed more than a thousand jobs in Europe, including its whole workforce of more than 800 in Finland Continue reading
Rona / Closing 11 stores and cutting 125 jobs
Rona will try to rebuild its profitability by closing 11 stores in two provinces and cutting more administrative jobs Continue reading
Edison / Layoff notices to 600 non-union nuclear plant workers
Southern California Edison announced Wednesday that it had issued layoff notices to 600 non-union employees at the San Onofre nuclear plant. Continue reading
Sesame Street cuts Jobs
The non-profit producer of Sesame Street, Sesame Workshop, has laid off about 30 members of its workforce in order to keep up with the constant changing of digital technologies Continue reading
China / IBM to cut at least 500 job
International Business Machines Corp, the US technology giant, is cutting jobs in China after a disappointing decline in earnings. The world’s biggest computer service provider said in an e-mailed reply to China Daily on Wednesday, from its China office, that “change is constant” in the technology industry and that “transformation is an essential feature of … Continue reading
Layoffs / The Incredible Shrinking Mining Sector
Who will be left to mine the world’s metals and minerals? As prices for gold, silver, copper, uranium, and iron ore continue to fall, miners are increasingly turning to layoffs to help meet the need to contain costs. Continue reading
Australia / Coal miners jobs cut by Peabody and Glencore Xstrata
Peabody Energy Corp and Glencore Xstrata will cut around 500 mining jobs in Australia, a company official and trade publication says, as a global glut in coal supply pushes down prices Continue reading
Direct Line to cut 2,000 jobs
Direct Line Insurance has said that it is planning to cut 2,000 UK jobs as it steps up plans to reduce costs. The firm announced in August 2012 plans to reduce gross annual costs by £100m a year, but now plans to save more than double this target. Continue reading
Soft skills tend to differentiate good college graduates from exceptional college graduates
Employers want graduates with so-called soft skills — those who can work well in teams, write and speak with clarity, adapt quickly to changes in technology and business conditions and interact with colleagues from different countries and cultures. “Soft skills tend to differentiate good college graduates from exceptional college graduates,” says Joseph Krok, university research liaison at Britain’s Rolls-Royce. Continue reading
Barrick Gold Corp / To lay off up to a third of staff
Barrick Gold Corp will lay off up to a third of its corporate staff at its headquarters in Toronto and other offices, sources said, as the world’s top bullion producer intensifies a downsizing plan amid a slump in the price of gold. Continue reading
Yahoo / About 1,000 less employees
Yahoo’s headcount has decreased by about 1,000 employees during Marissa Mayer’s first year, through a combination of attrition and ramped-up performance management, with staffers now getting reviewed on a quarterly basis instead of every year. Continue reading
Ontario / Skills Gaps costs are high and they affect major sectors says The Conference Board
Ontario faces skills gaps in many areas and that these entail significant costs for businesses, individuals, and the province Continue reading
US / India’s unfair trade practices are putting jobs at risk says the National Association of Manufacturers
More than a dozen U.S. business groups are banding together to resolve what they argue is a sharp rise in discriminatory trade practices by India. The National Association of Manufacturers (NAM) and the Chamber of Commerce’s Global Intellectual Property Center (GIPC) on Tuesday helped launch a new alliance that is urging the Obama administration to work toward … Continue reading
Technology Is Destroying Jobs finds a MIT professor
Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial … Continue reading
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