Job Market Monitor
Business
Advantage Ontario calls for action in Ontario’s key tradable sectors to create jobs
“We are living in an era of increased global competition and the continuing aftermath of the financial crisis and global recession” writres Gord Nixon and Kevin Lynch in the LETTER TO ONTARIANS introducing the report of the Jobs and Prosperity Council ADVANTAGE ONTARIO (Adapted choosen excerpts by Job Market Monitor to follow) Economic globalization has at once undermined traditional … Continue reading
China / Over 12 million jobs created this year
The Chinese government today said it has created 12.02 million new jobs in the first 11 months of this year surpassing the goal of 9 million. The urban registered unemployment rate stood at 4.1 per cent at the end of September, below the annual target of 4.6 per cent, the Ministry of Human Resources and … Continue reading
Global Job Gap / At least until 2017 to recoup the lost in the US and Europe says UN
World economic growth has weakened substantially this year and faces the confluence of a triple threat — the fiscal cliff in the United States, a worsening European debt crisis and a sharp slowdown in China, the United Nations said in a year-end report released on Tuesday. The worst case, the report said, could be a … Continue reading
Ireland / Call centre brings 250 jobs
A CALL centre has delivered an early Christmas present of 250 new jobs to an unemployment blackspot. Three former Talk Talk workers, who set up Irish technical support company Eishtec, are expanding their business to a second centre in Drinagh, Co Wexford. The jobs, which are service and technical support roles, are being welcomed in … Continue reading
UK / Large scale redundancy period cut from 90 to 45 days
The 90-day period before large scale redundancies can take place is to be cut to 45 days, the Government announced today. Employment Relations Minister Jo Swinson said the move, along with other changes, was aimed at helping workers and businesses. But the TUC said the last thing the country needed was for the Government to … Continue reading
India / Jobs in textile sector to grow 15% by 2017
The number of jobs in India’s textiles and allied sectors is estimated to rise by about 15 percent by the end of the 12th Five Year Plan. At the end of fiscal year 2010-11, there were 105 million people employed in India’s textiles and allied sectors, PTI quoted Textiles Minister Anand Sharma mentioning in a … Continue reading
UK / Airbus / 1,500 jobs safeguarded
The company says a $9bn (£5.5bn) order for 100 A320 planes from AirAsia will safeguard 1,500 Airbus jobs in the UK and 7,500 in its supply chain. The wings for its A320 series are made at the Flintshire factory. AirAsias’s order is for 64 of the A320neo (new engine option) and 36 of the A320ceo … Continue reading
Barclays / Could cut up to 2,000 jobs
Antony Jenkins, the bank’s new chief executive, announced in September that some parts of the bank would “shrink” as part of the overhaul, although he has ruled out a break-up of the scandal-hit lender. The job cuts could be announced early next year, the Wall Street Journal reported, and would represent around 10pc of Barclays’ … Continue reading
Talent War / Porsche to Cut Working Hours but Maintain Pay
Sportscar maker Porsche, a unit of Volkswagen AG (IW 1000/10), on Thursday said it will gradually trim working hours without any cuts in pay, in an effort to attract highly skilled workers. “Porsche is looking to improve competitiveness and attractiveness as an employer even further,” the automaker said in a statement. Porsche’s executive board and … Continue reading
Avon / To cut 1,500 jobs
Avon Products said it will cut about 1,500 jobs and exit two Asian markets — South Korea and Vietnam — as the struggling beauty products starts toward its cost-cutting goal. The job cuts amount to almost four per cent of its workforce and marked one of the first major moves by CEO Sheri McCoy, who … Continue reading
FED / Targeting unemployment and inflation
The Federal Reserve announced Wednesday that it will take unprecedented steps to bolster the economy, saying it will continue to stimulate growth until the unemployment rate falls to 6.5 percent or the inflation rate reaches 2.5 percent. The Fed said it did not expect unemployment to reach that benchmark until 2015. It was a historic … Continue reading
Hong Kong / Minimum Wage Increases
The Hong Kong government said it would raise the minimum wage by 7 per cent in May next year as it tries to allay concerns about a growing disparity between the rich and the poor in the city. The lowest salaries will rise to HK$30 (US$3.90) an hour, the government said on Wednesday, affecting about … Continue reading
South Africa / Mining bleeds 15,000 jobs in quarter
THE beleaguered mining sector shed 15,000 jobs in the third quarter, reflecting the extent to which the slowdown in global demand for commodities, coupled with disruptive wildcat strikes, had on the sector, a Statistics South Africa jobs survey released on Tuesday showed. The job losses in mining do not bode well for South Africa’s already … Continue reading
Peugeot / 1,500 Jobs Added to Cuts
PSA Peugeot Citroen (UG), Europe’s second-largest carmaker, will eliminate an additional 1,500 jobs by 2014, deepening its workforce reduction as auto sales in the region plunge to a 17-year low. The cuts, which come on top of 8,000 announced in July, will be made by not replacing people who leave, Jonathan Goodman, a spokesman for … Continue reading
Poland / Fiat announces 1,500 layoffs
Fiat announced 1,500 layoffs at its Polish operations to reduce production, as demand is plummeting in Europe. Fiat forecasts losses of 700 million euros ($903 million) in Europe this year. The cuts will come at the Tychy plant as well as from sales staff in the country, Fiat said in a statement on Friday. Fiat … Continue reading
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