Job Market Monitor
Business
India / U.S. firms have generated 350,000 jobs between 2007 and 2011
Painting a buoyant picture of the Indo-U.S. trade ties, Jennifer McIntyre, Consul-General of the U.S. Consulate General in Chennai, has said the bilateral trade in goods and services between the two countries has increased by four-and-a-half times in the last decade. Addressing members of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) here … Continue reading
US / Unemployment Insurance / Claims drop back
SEASONALLY ADJUSTED DATA In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week’s revised average of 340,000. The advance seasonally adjusted insured unemployment … Continue reading
Australia / Ford to cut 1,200 jobs
Car manufacturer Ford announced today it will stop making vehicles in Australia in 2016 and axe 1,200 jobs, having produced its first car in the country in 1925. Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of 141 million Australian dollars ($136 million) after tax in the last financial … Continue reading
China’s Labor Market
China’s labor markets are flashing a warning sign, with new job adverts on a leading recruitment website sharply down in April, and job losses in manufacturing spreading to the services sector. With the official data on labor markets infrequent — and, in some cases, misleading — alternative indicators take on an added significance. China Real … Continue reading
Australia / Telstra to slash jobs
THE terminal decline of Telstra’s once-dominant fixed telephony business and the rise of new business opportunities have forced the telco giant into a major operational restructure that will affect half the company’s 30,000-strong domestic workforce. The restructure, which was announced yesterday in an internal memo from Telstra chief operations officer Brendon Riley, is likely to … Continue reading
Ford / More Jobs And Vacations Skipped
Pent-up demand for new vehicles, along with a rebounding economy and a surging stock market, is bringing car buyers out in droves. On Wednesday, Ford Motor said it will add an additional 200,000 units of annual capacity this year — almost the equivalent of opening another assembly plant in North America. The extra capacity at … Continue reading
Canada / 150,000 jobs would be at risk in the housing sector
Canada’s housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report. The Canadian Association of Accredited Mortgage Professionals stops short of calling the ongoing slide that began about nine months … Continue reading
UK / venture capital trusts create thousands of jobs research finds
A survey of companies that have been funded by venture capital trusts (VCTs) has found that they have created 14,000 new jobs since receiving the investment. The Association of Investment Companies (AIC) heard from 271 such businesses, which reported that their combined workforces have swelled from 23,643 at the time of the VCT injection to … Continue reading
ESPN layoffs 7000 workers
Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement. The Bristol, Connecticut-based company said it was looking at the financial bottom line. In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing … Continue reading
Ericsson / 318 Receive Layoff Notice in Sweden
LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading
Quebec / Alcoa and Alcan postpone smelter upgrades with impacts on jobs
With an aluminum market weighed down by surpluses, Alcoa Inc. and Rio Tinto Alcan are postponing billions in upgrade and expansion plans to their smelters in Quebec. While some 750 Rio Tinto Alcan employees will get to keep their jobs longer, 500 Alcoa workers will be pushed into early retirement. Alcoa is deferring by three … Continue reading
RBS / 1,400 Jobs cut in UK
Royal Bank of Scotland Group Plc, the recipient of the world’s biggest banking bailout, will cut 1,400 jobs at its U.K. consumer banking unit in the next two years. The lender will spend 700 million pounds ($1.07 billion) updating its branches and improving its complaints handling and mortgage processing, it said in a statement today. … Continue reading
ThyssenKrupp / 3,000 admin jobs to be cut
German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter. “Overall the number of employees in administrative functions in the group worldwide is to be reduced by around 3,000 from its current … Continue reading
HSBC / Up to 14,000 jobs to be cut
HSBC has said it may cut an additional 14,000 jobs globally as part of a restructuring plan to reduce costs and increase profitability. The bank is aiming to save another $3bn (£2bn) in annual costs as tougher regulations eat into profits. The layoffs would cut the firm’s total headcount to between 240,000 and 250,000 over … Continue reading
UK / Recession is a good time to start a business says Lord Young
The prime minister’s adviser on enterprise has told the cabinet that the economic downturn is an excellent time for new businesses to boost profits and grow because labour is cheap, the Observer can reveal. Lord Young, a cabinet minister under the late Baroness Thatcher, who is the only aide with his own office in Downing … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 