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Europe / Telecoms could reduce their workforces by 30%
Telecoms network upgrades could cost 300,000 jobs in Europe over the next five years as wireless and wireline carriers move to more efficient technologies and look to reduce their workforces by 30%. According to the UNI Europa ICTS union, which represents telecoms workers across the European Union, within a decade the sector will see its … Continue reading
Skills Gap / Banks struggle to recruit compliance experts
Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday. Regulators around the world imposed tighter controls over the financial services industry following the financial crisis, including lifting capital requirements … Continue reading
France / To cut 34,000 jobs in defence
Proposed cuts to France’s military spending met with stiff resistance from lawmakers and the army on Monday, although the flat budget of 179.2 billion euros over a five-year-period will mean 34,000 job losses by 2019. France will keep its defence budget broadly stable for the next five years, after meeting stiff resistance from lawmakers and … Continue reading
Rio Tinto’s London HQ / Almost half of jobs to be cut
Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year. Rio has been reviewing high-cost office locations including London since … Continue reading
Twinkies are coming back
Twinkies are coming back from the dead, and the Indianapolis Hostess plant on Shadeland Avenue is expected to be fired up again. Additionally, the Columbus plant may be used as a distribution center. “Well they need to be out here [because] no one can take their place,” said former employee Kevin Townsend. “That’s for sure.” … Continue reading
AOL Music Is Closing
AOL employees revealed Friday on Twitter that news website AOL Music and properties associated with it will close and employees in the division will be immediately laid off. Spinner, a rock news website under the AOL Music umbrella, tweeted (and then deleted) this message to its 48,000 followers: “Hey guys. Just found out from AOL … Continue reading
Spain / Co-operatives create 8,000 new jobs while unemployment hits record level
At a time when more then six million people are unemployed across Spain, co-operatives have managed to not only maintain, but also increase the number of jobs by 7.2 percent in the third quarter of 2012. By contrast, the unemployment rate in Spain has reached 27.2 per cent, the highest since 1976. Although it has … Continue reading
UK / Capgemini to create 500 new jobs
French call centre operator Capgemini has said it will create 500 new jobs in Inverness over the next three years. The company employs about 500 people in the Highlands at the moment and more than 120,000 worldwide. First Minister Alex Salmond, who attended the jobs announcement in Inverness, described the move as “immense”. Capgemini is … Continue reading
REpower Systems to cut 750 jobs
REpower Systems SE, the Indian wind turbine maker Suzlon Group’s German arm, said on Friday it would reduce up to 750 jobs across the world as part of its plan to achieve cost savings of about 100 million euros ($130 million) in the current fiscal year. “Whilst the long-term outlook for the sector remains strong, … Continue reading
Electronic Arts / Layoffs for hundreds of employees
Electronic Arts announced on April 25 that the company is currently going through an organization restructure. As a result of this restructuring, it has led “to some difficult decisions to reduce the workforce in some locations.” The company went on to share that they are grateful for the contributions made by each of their employees … Continue reading
Banks aren’t the big jobs machines they used to be
One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed that they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce, in the past year. For three of those banks, it was the … Continue reading
Sri Lanka / Obstacles to creating jobs should be removed says the World Bank
Sri Lanka can help citizens better themselves by removing obstacles to creating new and better jobs, including for women, the World Bank said. The development agency based on the theme of its World Development Report 2013, says creating opportunities for jobs are critical for reducing poverty. “One of the biggest challenges facing Sri Lanka is … Continue reading
US Veterans / Companies honored for hiring
We know the problem: the jobless rate for military members who have served our country since 9/11 is significantly higher than the general population. Each year, the Families and Work Institute, a non-profit and non-partisan research organization, honors companies that have gone the extra mile to help vets as they return to the civilian workplace. … Continue reading
BC / Vancouver Sun and The Province to cut jobs
Employees at two of B.C.’s biggest newspapers were warned Wednesday that their jobs are on the line in the midst of severe revenue declines. Staff at the Vancouver Sun and The Province received a four-page memo from their new president detailing the company’s financial woes. Gordon Fisher, the new president and publisher of Pacific Newspaper … Continue reading
US / Jobless claims fall
The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday. The prior week’s number was … Continue reading
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