Job Market Monitor
Business
J.C. Penney / Layoffs at headquarters to come
J.C. Penney (JCP) is planning layoffs at its headquarters in Plano, Texas, according to reports Wednesday. The expected layoffs were first reported by the New York Post, which said chief executive Ron Johnson plans a 10% cut of the 3,000 employees who work at the home office. J.C. Penney already let go 600 workers in … Continue reading
DreamWorks Animation / Layoffs to come
DreamWorks Animation SKG Inc., the Glendale-based entertainment company led by Hollywood film veteran Jeffrey Katzenberg, is expected to lay off up to 20% of its 2,200-employee workforce, following a decision to shelve production of the movie “Me and My Shadow.” The animation industry giant, home of the animated “Shrek,” “Kung Fu Panda” and “Madagascar” films, … Continue reading
Australia / Unemployment Rate Stays at 5.4%
Australia posted a seasonally adjusted unemployment rate of 5.4 percent in January, the Australian Bureau of Statistics said on Thursday. That was unchanged from the previous month, and it also beat forecasts for 5.5 percent. The Australian economy created 10,400 jobs in January – well ahead of forecasts for an increase of 6,000 jobs after … Continue reading
The State of the Union Speech / Will Obama Talk Job ?
“The State of the Union address is Obama’s opportunity to suggest some practical compromises on immigration, gun control, debt-reduction, and other topics,” said University of Virginia political expert Larry Sabato. “Certainly, he won’t want to negotiate with himself, but a president can send signals by what he mentions and doesn’t mention, what he puts first … Continue reading
Heinz / Plans 80 layoffs at Idaho factory
The H.J. Heinz Co. plans to lay off 80 full-time employees at its Pocatello, Idaho, factory in March, following the discontinuation of the T.G.I. Friday’s frozen meal line. “The factory also will be adjusting its production schedule to maximize efficiency and effectively manage costs,” according to a statement from the Pittsburgh food company. The factory, … Continue reading
Volvo / New job cuts to come
Volvo AB, the world’s second-largest truckmaker, said fourth-quarter profit dropped 84 percent because of the cost of cutting jobs and reorganizing production in response to shrinking economies in Europe and the U.S. Earnings before interest and taxes fell to 1.12 billion kronor ($177 million) from 6.96 billion kronor a year earlier, Gothenburg, Sweden-based Volvo said … Continue reading
Hiring / Successful Startups (video)
Staffing a startup is an art. And while you’ll find dozens of different theories on right-fit hiring in the blogs, books and podcasts of seasoned HR reps and startup founders, there are two words you’re mostly like to find in all of them: culture and drive. It seems intuitive, right? Only hire clever, execution-oriented employees … Continue reading
Stora Enso / To slash 600 jobs
Nordic paper maker Stora Enso Oyj says that despite strong fourth quarter earnings it will slash 600 jobs due to the weak European economy. Stora Enso says most of the job cuts will take place in Sweden, where it will permanently shut down two paper machines by the end of June. The company also intends … Continue reading
EuroZone / A Great Depression?
The Great Depression was a period of severe economic contraction that lasted many years. In the United States real GDP fell every year from 1929 to 1933, when it reached only 73 percent of its 1929 level. Starting in 1934 the recovery was quite rapid, with GDP reaching its 1929 level in 1936. By contrast … Continue reading
Recognition: A systematic need in our business culture, but …
Recognition is a strategy that we all use to feel competent – to feel good enough. There is nothing wrong with giving a pat on the back, but as a society we have come to rely upon it to prop up our self-esteem. If we need recognition from others to feel good and we perceive … Continue reading
D.C. area / Local governments restart hiring
As many state and local governments strengthen their once-shaky fiscal footing, there are signs that municipalities in the Washington region have returned to a more normal trajectory for hiring after being constrained during the recession and its immediate aftermath. The government sector added 8,900 jobs in the D.C. area in 2012, according to the Labor … Continue reading
Philippines / Creating ‘good jobs’: an ‘overwhelming challenge’ says World Bank
A World Bank official has called the huge number of unemployment and underemployment in the Philippines as a huge challenge for the Aquino administration. “The need for good jobs — jobs that raise real wages or bring people out of poverty — is an overwhelming challenge,” Motoo Konoshi, World Bank Country Director, speaking before hundreds … Continue reading
Germany / Behind in hiring skilled foreign workers
The OECD says German firms continue to recruit too few skilled workers from outside of the country, even when they have difficulties filling vacancies. This is one of the key findings of a new migration report. According to the report unveiled by the Organisation for Economic Cooperation and Development (OECD) at a press conference in … Continue reading
US Workforce Development / Layoffs At State Unemployment Agencies
Businesses added 166,000 jobs in January, the U.S. Labor Department announced Friday, while the government eliminated 9,000. The twin trends have been a signature of the past three years of economic recovery. For some state workforce agency staffers, the overall improvement is bad news. With fewer people claiming unemployment insurance benefits, state unemployment agencies will … Continue reading
Symantec / Layoffs to come
Symantec Corp, which completed a strategic review in January, plans to lay off a significant number of managers and reorganize internally into 10 main business areas, but has decided not to sell off major assets for now. Chief Executive Officer Steve Bennett told Reuters in an exclusive interview that Janice Chaffin, consumer business president, will … Continue reading
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