Job Market Monitor
Business
HMV / 4,500 jobs at risk
The chief executive of HMV, Trevor Moore, has given an impassioned defence of the chain, which will formally slide into administration on Tuesday, insisting it still deserves a place on Britain’s high streets. “Ian [Kenyon, HMV’s finance director] and I are really passionate about working with the business,” said Moore, the former Jessops boss who … Continue reading
France / Renault to cut 7,500 posts by 2016
Renault (RENA.PA) wants to cut 7,500 posts in France by 2016 to help boost competitiveness as its domestic and European markets continue to slump, a spokeswoman for the French carmaker said. The cuts, equivalent to 14 percent of French Renault staff, are expected to include 5,700 departures through natural turnover, the spokeswoman said on Tuesday, … Continue reading
Germany / Air Berlin: 900 job cut
Germany’s second-largest carrier, Air Berlin, has said it would cut about one-tenth of its workforce to become profitable again. The airline is in the middle of a restructuring program to reduce overall costs. Germany’s Air Berlin announced on Tuesday it would cut 900 jobs by the end of 2014 to help make the struggling carrier … Continue reading
Namibia / Starts Her Own Business and Quits Job Search
For years Apollonia Jakundeni Ndjukuma criss-crossed the country hunting for employment opportunities, wherever she could. After many years of searching her hopes of ever finding employment were starting to falter. However, when she looked at how much she had already sacrificed in order to land a job, she vowed to herself never to give up … Continue reading
US / Solar Energy / Hemlock Semiconductor Laying off 400
Hemlock Semiconductor Group said on Monday it will lay off about 400 workers in Tennessee and Michigan due to a global glut of polysilicon and the threat of tariffs on its products sold in China. Hemlock is a major producer of polysilicon, the raw material used in most photovoltaic solar panels. It is a joint … Continue reading
Barclays, Deutsche Bank / To cut pay up to 20 percent
Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Britain’s Barclays is finalizing bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 … Continue reading
Employers give the best jobs to students who have already worked for them
Record number of jobs going to students with experience with employer Research of 100 top employers also identified universities where bosses seek talent Students with no work experience warned they stand little chance of landing job at a leading firm Record numbers of graduate jobs are going to students who have already worked for the … Continue reading
Sweden / SKF to cut 2,500 jobs
SKF (SKFb.ST), the world’s biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. The Swedish firm, whose bearings are used in a range of products from washing machines to aircraft, is seen as an early indicator … Continue reading
N.Y. Times: Layoffs Would Include High-levels
The New York Times may be forced to lay off a number of editorial staff, including high-level editors, according to staff sources. The speculation around the newsroom, first reported by New York Magazine’s Joe Hagan and confirmed by POLITICO, is that managing editor John Geddes, assistant managing editor Jim Roberts, dining editor Susan Edgerley, former Washington editor Rick … Continue reading
Solihull, UK / Jaguar Land Rover to create 800 jobs
Britain’s car-making industry, stung by the loss of 800 jobs in Swindon last week, is to receive a boost from Jaguar Land Rover, which is to create jobs in Solihull. The announcement of the decision to put £370m of investment and 800 additional roles into the West Midlands plant was timed to coincide with the … Continue reading
US / The App Economy: from 0 to roughly 466,000 jobs in less than 5 years
“How can the U.S. dig itself out of the current job drought?” asks Michael Mandel in WHERE THE JOBS ARE: The APP Economy (Choosen excerpts by Job Market Monitor to follow) Government policy can temporarily boost employment. The ultimate answer, though, is innovation: The creation of new goods and services that spur the growth of new industries … Continue reading
From Factories to Cubicles (Infographics)
Source: BACK TO THE FUTURE IS THERE A SECOND ACT FOR U.S. MANUFACTURING?
Campbell Soup / Sacramento / First Round Of Layoffs
It’s not the way anyone wants to start the New Year; but in just a few weeks, nearly 300 Campbell’s Soup employees will spend their last day on the job as the plant readies to close after more than 60 years in Sacramento. In just three weeks, production at Campbell’s Soup will start to slow … Continue reading
Time Magazine / Layoffs to come
Time Inc. is reportedly planning to slash hundreds of jobs, the New York Post’s Keith Kelly exclusively reported on Thursday. Sources told Kelly that the first round of layoffs, which were originally expected to hit last week, had been pushed back till next month. Chosen excerpts by Job Market Monitor from via Major Time Inc. … Continue reading
American Express / 5,400 jobs to be cut
American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs. The job cuts will be partly offset by jobs that the company expects to … Continue reading
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