Job Market Monitor
Business
Florida / Northrop: 920 new jobs
Northrop Grumman Corp. said Monday it plans to add 920 jobs to its operations in Melbourne as part of a companywide realignment, nearly doubling the Brevard County plant’s current work force and making Florida a winner — at least for now — in the defense industry’s latest consolidation. Falls Church, Va.-based Northrop selected the Melbourne … Continue reading
EU / 1.85 million unfilled vacancies
The European Commission today published two reports analyzing the skills needed in Europe since there are 1.85 million unfilled vacancies throughout the EU. The European Vacancy Monitor and the European Job Mobility Bulletin aim to draw attention on existing vacancies in various fields in order to promote employment opportunities and boost growth. The European Job Mobility Bulletin indicates that … Continue reading
European Commission / Grand Coalition for Digital Jobs launched to address up to 900 000 job vacancies
Commission President José Manuel Barroso today called on Europe’s digital businesses, governments, training and education sectors to join a Grand Coalition for Digital Jobs to address up to 900 000 job vacancies expected to exist in Europe in Information and Communication technologies (ICT) by 2015. Despite the current levels of unemployment, the number of digital … Continue reading
Lloyds Banking Group’s study claims oil and gas jobs bonanza
Oil and gas firms could create up to 34,000 jobs over the next two year, according to a study from Lloyds Banking Group. The bank said 77% of companies in the sector it surveyed were planning for growth in 2013-14. Most firms (86%) saw expansion coming from organic growth rather than from mergers and acquisition. … Continue reading
India / AirAsia Hiring
AirAsia India, the new joint venture airline that AirAsia Bhd and Tata Sons Ltd propose to launch has started approaching top aviation executives in India, as it attempts to build its team ahead of a nod from the government, according to two people familiar with the matter who asked not to be identified. The fate … Continue reading
US / Official Recession Indicators are Contracting
The chart clearly illustrates the savagery of the last recession. It was much deeper than the closest contender in this timeframe, the 1973-1975 Oil Embargo recession. While we’ve yet to set new highs, the trend has collectively been upward. But a closer look at the average shows a clear slowing of the trend in 2012. … Continue reading
HP’s restructuring / 15K layoffs to go
Hewlett-Packard (HP) CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by some 27,000 people out of a staff of 350,000. The company is using layoffs and … Continue reading
Logitech / Layoffs announced
In January Logitech CEO Bracken Darrell announced plans to take “decisive action,” including selling its Harmony remote division, to turn the company’s fortunes around — and today we’re seeing the first results of that. Logitech will lay off 140 people, or about 5 percent of its non-direct workforce, as part of an organizational shuffle aimed … Continue reading
Euro area / Unemployment rate at 11.9% (EU27 at 10.8%)
The euro area (EA17) seasonally-adjusted unemployment rate was 11.9% in January 2013, up from 11.8% in December 2012. The EU271 unemployment rate was 10.8%, up from 10.7% in the previous month. In both zones, rates have risen markedly compared with January 2012, when they were 10.8% and 10.1% respectively. These figures are published by Eurostat, … Continue reading
US / The Great Wage Recession And The Great Jobs Recession : Two Charts
As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse. Five years after the recession began in December 2007, total wages in the economy have yet to fully recover in real terms, Commerce Department data show. … Continue reading
Belgium / Caterpillar plans to cut 1,400 jobs
Caterpillar Inc (CAT.N), the world’s largest maker of construction equipment, plans to cut 1,400 jobs at a plant near Charleroi in Belgium due to high costs and the weak European economy, the group’s Belgian unit said on Thursday. The cuts will come at the Gosselies site just outside of Charleroi, one of the largest Caterpillar … Continue reading
Atlanta / Athenahealth to bring 500 jobs
A major healthcare software firm will expand in Atlanta, bringing 500 highly-paid jobs to the city in a deal that will help jump start redevelopment of the former City Hall East, a person with knowledge of the deal said. Massachusetts-based Athenahealth, a player in the growing industry of healthcare information technology, will become the lead … Continue reading
Chrysler / To create 1,250 jobs in Indiana plants
Chrysler Group LLC, the U.S. automaker majority owned by Italy’s Fiat (FIA.MI), will invest $374 million in four Indiana plants to support production of its more fuel-efficient eight- and nine-speed transmissions by the end of the year. The move will create up to 1,250 jobs in Indiana, including as many as 850 jobs at the … Continue reading
JPMorgan / 4,000 jobs to be cut
JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff. The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank … Continue reading
Spain / Caixabank to cut about 3,000 jobs
CAIXABANK, Spain’s biggest bank as measured by assets under management, plans to slash around 3,000 jobs as part of a restructuring. The Barcelona-based bank said the restructuring was needed following the purchase of smaller rivals Banca Civica and Banco de Valencia, which has caused its staffing levels to soar. “The implementation of this restructuring will … Continue reading
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