Job Market Monitor
Business
Boeing / To lay off 1,700 and as many as 700 engineers
The Boeing Co. will reduce its engineering workforce by as many as 1,700 people by the end of the year, with 700 engineers facing layoffs, the Everett Herald reported. As many as 100 engineers will receive 60-day layoff notices on Friday, the Herald reported. Mike Delaney, the vice president of engineering for Boeing, told the … Continue reading
Europe / Sabic to Cut 1,050 Jobs
Saudi Basic Industries Corp., (SABIC) the world’s biggest petrochemicals maker, plans to cut about 1,050 positions and close some assets in Europe as the company responds to diminished demand. Saudi Basic Industries, also known as Sabic, has started talks with works councils and trade unions on the plan, it said in a statement today. The … Continue reading
Canada / RBC and job outsourcing, what can be done?
We have a skilled work force whose children are training to be equally skilled. Yet as fast as we graduate people capable of doing valuable and productive jobs, those jobs disappear. Some are simply degraded. These are the full-time jobs transformed into fragile and part-time contract employment. Some, including many that are highly skilled, are … Continue reading
Aviva / To axe 2,000 jobs
Insurance giant Aviva is planning to axe around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans. The Norwich-based insurance group also announced that from next year, redundancy pay in the UK will be halved from four weeks per year of service to two. Aviva said the job reductions were part of … Continue reading
More layoffs at Electronic Arts
Electronic Arts has cut more jobs, with the latest layoffs taking place at EA Hyderabad (India) and social game studio Playfish (London). MCV India reports that 50 jobs were cut at EA’s mobile studio in India. The company acknowledged that layoffs took place, but declined to give any further official details. As for Playfish, Develop … Continue reading
Europe / Auto Market contracted in March
European new car sales contracted in March for an 18th consecutive month, industry data showed Wednesday, led by declines in Germany and France. New vehicle registrations in the European Union fell 10.2 percent in March from a year earlier, the European Automobile Manufacturers’ Association reported from Brussels, to 1.3 million vehicles from about 1.5 million … Continue reading
UK / Axa to Cut 450 Jobs
Axa SA (CS), Europe’s second-largest insurer, plans to cut 450 jobs in the U.K. as it stops providing financial advice following a change in regulation. Axa will stop advising customers in branches of Co- Operative Bank Plc and National Australia Bank Ltd.’s Clydesdale and Yorkshire banks, it said in a statement on its website yesterday. … Continue reading
Germany / Vodafone to cut 500 jobs
Vodafone will cut 500 jobs in Germany, the company said, as the group adjusts to harsher competition and lower fees in Europe’s largest economy. “We have started a two-year program,” a spokesman said, confirming reports in the Frankfurter Allgemeine Zeitung and Rheinische Post. The company aims to shift some operations to Romania and India, as … Continue reading
PVH / To cut 900-1000 jobs (Calvin Klein and Tommy Hilfiger brands)
Clothing-maker PVH Corp (PVH.N) estimates that it will cut between 900 and 1000 jobs and close a number of facilities related to its acquisition of the Warnaco Group Inc. The company, which owns and markets Calvin Klein and Tommy Hilfiger brands, said it did not yet have an estimate of the charges it would incur … Continue reading
South Africa / Massive crowd for 900 cleaning jobs
The plight of the unemployed in the city and around the country was highlighted yesterday when hundreds of job hunters flocked to the City Hall in the hope of landing one of 900 cleaning jobs. Since the beginning of the week, people have been queuing at the office of a private cleaning company in Paul … Continue reading
Keystone XL / Only Canada would profit says President Obama
President Obama told a group of House Republicans at a closed-door meeting on Wednesday that the long-delayed Keystone XL pipeline won’t profit anyone but Canada. Rep. Lee Terry, R-Neb., told the Associated Press that Obama said the benefits of the project have been overstated because many of the jobs created would be temporary, and much … Continue reading
Taco Bell / 15,000 New Employees Last Year
Taco Bell added 15,000 employees last year, company chief executive Greg Creed told the Daily Beast, largely on one new product. Creed attributes the success to Doritos Locos Tacos, which the company rolled out in March, 2012 and was the “biggest launch in Taco Bell history,” he told the Beast. Throughout 2012, the 170-calorie taco, whose … Continue reading
Google / Motorola Mobility will layoff 1,200 employees
Google subsidiary Motorola Mobility will layoff 1,200 employees, which is 10 percent of its current workforce, in an attempt to make the company profitable. The Wall Street Journal reports that a company email it obtained details that the layoffs have already begun and will affect workers in the U.S., China, and India. Motorola’s decision to … Continue reading
US / Nonfarm payrolls surged 236,000 jobs and jobless rate fell to 7.7 percent
U.S. employers stepped up hiring in February, pushing the unemployment rate to a four year-low and suggesting the economy has enough momentum to withstand the blow from higher taxes and deep government spending cuts. Nonfarm payrolls surged 236,000 jobs last month, the Labor Department said on Friday, handily beating economists’ expectations for a gain of … Continue reading
Canada / Why its economy is in trouble
Analysts are beginning to raise concerns about Canada’s near-term economic growth. The nation’s central bank is holding the overnight rate at 1% and will likely maintain this level for some time to come. Toronto Star: – The [central] bank’s current stance reflects the weak performance of the economy in the last months of 2012. Canada’s gross domestic … Continue reading
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