Job Market Monitor
Business
Russia / 1.5M jobs
Russia has 1.5mln vacant jobs for skilled labourers, professionals and intellectuals. It is in particular need of engineers, scientists, mathematicians and IT experts. Deputy Prime Minister for Social Policies Mrs Olga Golodets spoke about this in Paris Saturday at this year’s skilled jobs fair. It is the first time that Russia has taken part. Source: … Continue reading
Wall St / Layoffs continue
Wall Street may seem like its old self again. Financial giants including Goldman Sachs Group Inc. raked in mega profits in 2012. Bonuses are expected to fatten more Wall Streeters’ pockets than last year. The Dow Jones industrial average has been flirting with an all-time high after topping 14,000 for the first time in half … Continue reading
Spain / Vodafone / 620 layoffs
Mobile phone operator Vodafone (VOD.L) said it had reached agreement with labor unions to lay off 620 workers at its recession-hit Spanish unit, adding to a list of job cuts in Spain’s hard-hit economy. Many companies in Spain, where the unemployment rate already stands at 26 percent, are laying off staff to cut costs. The … Continue reading
ArcelorMittal / Layoffs / No to Europe’s Political Pressure
Alarmed by the speed at which the steel industry is becoming a symbol of Europe’s economic decline, a top European Union official has called for the world’s biggest steel maker to postpone planned job cuts and factory closings. The company, ArcelorMittal, has said no. “Continuing to operate these plants would threaten the overall viability of … Continue reading
Europe recession deepens: very bad news for everybody
The eurozone suffered its third consecutive quarter of decline at the end of 2012 as exports from leading economies Germany and France sank, deepening a regional recession that has driven unemployment to record highs. Gross domestic product in the 17-nation euro area fell by 0.6% in the fourth quarter, leaving the eurozone economy 0.5% smaller … Continue reading
Fed / Aggressive easing needed says Yellen in an address to AFL-CIO
The Federal Reserve’s aggressive easing of monetary policy is warranted given the still-battered state of the U.S. labor market, Fed Vice Chairwoman Janet Yellen said on Monday. In an address to the politically influential AFL-CIO, the largest U.S. labor group, Yellen, a potential successor to Fed Chairman Ben Bernanke next year, bemoaned the unusually weak … Continue reading
UK / JP Morgan cuts nearly 200 jobs
The company told the BBC its staff will continue to work at its offices in Lydiard Fields for another year before its closure in the town. Swindon South MP Robert Buckland said he would be seeking more detail about the planned job losses. JP Morgan added that it was still working out what relocation packages … Continue reading
Lego / To cut 380 jobs in Denmark
Lego, the Danish maker of colourful toy bricks, said Tuesday it would cut 380 jobs at its main plant in Denmark by 2015 as it moves its packaging activities abroad to slash costs. “For some employees it will be natural departures. Other employees will be able to acquire new skills and find other positions within … Continue reading
ThyssenKrupp / 2,000 layoffs at its European steel division
German heavy industry giant ThyssenKrupp unveiled plans on Friday to axe more than seven percent of the workforce at its Steel Europe division to make the business more competitive. ThyssenKrupp said in a statement it would axe “more than 2,000 jobs” out a total workforce of 27,600 at its Steel Europe division in a €500-million … Continue reading
Lockheed Martin / 300 to 500 voluntary layoffs
Lockheed Martin Corp. announced a targeted, voluntary layoff program for midlevel employees working at the company’s Information Systems & Global Solutions unit. In a memo sent to employees on Jan. 31 and posted on career news website Dice.com, Patricia Lewis, Lockheed Martin’s vice president for human resources at the Information Systems and Global Solutions business … Continue reading
Philippine / Tourism industry to generate 7 M new jobs
Seven million new jobs are expected to be generated from the booming tourism industry in the next years. Tourism Secretary Ramon Jimenez said people are expected to feel the impact of the growing tourism industry. “What is beautiful about tourism is that it has a trickle effect, every tourism activity generates new jobs,” he said. … Continue reading
Fujitsu / To Cut 5,000 Jobs
Fujitsu Ltd., a Japanese maker of computers, network equipment and mobile phones, will eliminate 5,000 jobs and merge its LSI chip business with that of Panasonic Corp. to boost global competitiveness. The venture will design large-scale integration, or LSI chips, and contract out their manufacture, according to a joint statement the companies released yesterday. The … Continue reading
Russia / A Village of Art and Jobs
Quirky art configurations dot a vast, snowy plain: a giant silver cylinder curves upwards into the sky, a wooden ship tosses on an icy sea and long-winged insects cling to a pole. In some ways, the Russian village of Nikola-Lenivets in December looks like Burning Man’s creativity was copied and pasted onto the tundra. The … Continue reading
Canada/ Trade Deal with EU Bad for Manitoba writes the Canadian Centre for Policy Alternatives
Recent leaks from the negotiations between Canada and EU confirm concerns that a comprehensive economic and trade agreement (CETA) would infringe on Manitoba’s ability to promote economic development and advance public interests. The proposed precedent-setting agreement would expand investor rights and extend the reach of international economic agreements, fully covering for the first time the … Continue reading
HMV / 930 layoffs as 66 stores close
Almost 1,000 HMV staff are facing redundancy as administrators for the failed music store chain revealed they will close 66 shops across the country. The loss-making stores, including all five Edinburgh sites, three in Glasgow and four in London, will close over the next two months and comes as administrators from Deloittes plan to sell … Continue reading
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