Job Market Monitor
Business
India / About 1,900 jobs lost for tech professionals
When news emerged early this week that Motorola Mobility, a Google subsidiary, has decided to shut down its Chennai unit and to pink slip 76 employees, the resultant feeling was déjà vu. Well, 2012 has been like that for telecom and IT sectors, largely due to the gloomy global outlook and its repercussions were being … Continue reading
Employees’ Choice Awards by Glassdoor: 50 Best Places to Work
Employees’ Choice Awards Glassdoor is excited to announce our fifth annual Employees’ Choice Awards, a list of the 50 Best Places to Work. The top 50 winners were selected by the people who know these companies best – their employees. Choosen excerpts by Job Market Monitor from via Best Places to Work | Glassdoor.
The Fast Food Pay Gap: $8.25 vs $8.75 Million
The pay gap separating fast-food workers from their chief executive officers is growing at McDonald’s Corp., Burger King Worldwide Inc. and Yum (YUM)! Brands Inc., which owns the Pizza Hut, Taco Bell and KFC brands. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company … Continue reading
10 startup hiring challenges
What is one common issue that you have faced with startup hires and how have you rectified the situation? Ten entrepreneurs weigh in: 1. Can’t adapt to startup style 2. How much are you really worth? 3. Alignment adjustment necessary 4. Can you think for yourself? 5. Uncommitted candidates 6. Adopting the startup structure 7. … Continue reading
Kennedy Space Center / 119 workers laid off, another 129 to come
United Space Alliance said goodbye over the weekend to 119 more Kennedy Space Center employees in its latest round of layoffs. NASA’s lead shuttle contractor, a joint venture between the Boeing Co. and Lockheed Martin Corp., is continuing a multi-year downsizing as the shutdown of the nation’s space-shuttle program nears completion. The latest cuts reduced … Continue reading
Gender Wage Gap Grows At Elite B-Schools finds Bloomberg
Exclusive new research from Bloomberg Businessweek has found that the pay gap among graduates of elite business schools, virtually non-existent a decade ago, is widening. Women now earn a nickel less than they used to in their first post-MBA jobs for every dollar earned by men. And those are the lucky ones. At about a … Continue reading
Health Information / WebMD to cut around 250
Health information website WebMD Health Corp said it will cut around 250 jobs, or 14 percent of its workforce, to reduce costs. The company, which had about 1700 employees according to Thomson Reuters data, said it would take a charge of about $6 million to $8 million in the fourth quarter, primarily on severance and … Continue reading
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
Reshoring in US / A nascent trend ?
Recent days have produced a steady drip, drip, drip of good tidings about new jobs on America’s factory floors. Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it’s a sign of the times, but economists say it’s, at best, a … Continue reading
China / Mass factory layoffs rise to 15-month high
Workers laid off due to factory shutdowns increased to a 15-month high of 141,000 in October, according to government statistics released yesterday. Chinese Personnel Executive Association (CPEA) chief executive Lin Yu-min (林由敏) said retirement benefit inquiries have risen in recent weeks, indicating that more factories have shut down, resulting in mass layoffs. Older workers who … Continue reading
Canada / Upturn in youth jobs picture
For months on end, the jobs picture among Canadian youth has been either little improved or deteriorating. That shifted Friday, with a report showing 16,300 new jobs were added for the 15-to-24-year-old crowd last month. That was sufficient to bring their unemployment rate down to 14 per cent from 14.7 per cent in October. Employment … Continue reading
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
Tennessee / Access America Transport’s expansion will bring 550 jobs
The expansion of a Tennessee-based company will bring 550 jobs to the Volunteer State over the next four years. The state and company officials announced on Monday that Access America Transport will expand its Chattanooga and Knoxville facilities, adding 450 additional jobs in Chattanooga and 100 new jobs at the Knoxville facility. I want to … Continue reading
Korea / Motorola / More than 500 jobs cut
Motorola Mobility will close “most” of its South Korean operations by 2013, according to a leaked internal memo. According to the memo (in Korean), the move is part of a continued global restructuring effort by its parent company Google, which bought the smartphone maker earlier this year for $12.5 billion. Since then, however, restructuring costs have … Continue reading
Germany / Opel: 3,100 Jobs at Risk
General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
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