Job Market Monitor
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UK / NHS Direct call centre closures / 1,500 jobs at risk in say unions
Almost 1,500 jobs are at risk because of the replacement of NHS Direct, the nursing union has said. The Royal College of Nursing said NHS Direct would close 24 of its 30 call centres and it had emerged in a consultation that up to 1,482 “wholetime equivalent” staff could lose their jobs. Instead the public … Continue reading
Nokia Siemens Network / 1,000 jobs at risk
Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it will shut down its German networks services unit, putting 1,000 jobs at risk. “Nokia Siemens Networks is planning to close its German unit Nokia Siemens Networks Services, a network infrastructure services provider in the area of traditional … Continue reading
China / LG starts layoffs
LG’s mobile arm may be slowly turning things around internationally, and getting even its main competitor’s appreciation in the process, but China is different. At least that’s what can be gathered from LG’s woes over there. The Korean company has started laying off employees in 26 offices in China. This comes as LG’s market share … Continue reading
Pratt and Whitney / Layoffs will be announced
Company and union officials said on Wednesday that layoffs will be announced at Pratt & Whitney, though the number of employees who would be laid off and at which locations the layoffs would be from was not yet available. Bryan Kidder, a company spokesman, said that the company was finalizing a statement on the job … Continue reading
Citigroup / To cut 11,000 jobs
Citigroup Inc. will cut 11,000 jobs and take a $1-billion pre-tax charge to its fourth-quarter earnings as it tries to reduce costs and reposition itself under new corporate leadership. The job cuts — including closing 44 U.S. consumer banking branches — will save $900 million in 2013 and produce $1.1 billion in annual savings in … Continue reading
New York / Minimum-wage hike would kill 22,000 jobs over the next decade finds The National Federation of Independent Business
A proposal to hike the state’s minimum wage would kill 22,000 jobs over the next decade and cut economic output by $2.5 billion, New York’s small- business lobby claimed in a study released yesterday. The National Federation of Independent Business report estimates that seven of every 10 job losses would occur in small businesses, which … Continue reading
Thailand / Private firms call for action as nationwide minimum wage hike looms
Thailand’s private sector today called on the government to take serious action to alleviate entrepreneurs’ financial burdens after the January 1 nationwide increase of the daily minimum wage to Bt300. Payungsak Chartsutipol, president of the Federation of Thai Industries, said a meeting of the Joint Standing Committee on Commerce, Industries and Banking (JSCCIB) agreed to … Continue reading
ADP Report : November jobs hit by Superstorm Sandy
Superstorm Sandy took a bite out of businesses hiring in November, according to a closely watched reading that suggests a weak Labor Department jobs report could be coming this Friday. Payroll processing firm ADP reported that private-sector employers added 118,000 jobs in the month, down from the 157,000 jobs added by businesses the previous month. … Continue reading
Reebok / Cuts 150 jobs worldwide
Reebok International Ltd. said Tuesday that it is cutting approximately 65 positions from its Canton headquarters, just under 7 percent of the struggling athletic apparel maker’s workforce there, as part of a restructuring. Worldwide, Reebok will eliminate 150 jobs, including by closing its European office in Amsterdam and the Asia-Pacific office in Hong Kong. In … Continue reading
Eurozone recession to continue into 2013 says Markit
he rate of contraction in the eurozone economy eased slightly in November, according to a closely-watched survey. But the region is still in line for another quarter of recession with further contraction likely in early 2013, according to Markit, who produced the survey. Its Eurozone Composite Purchasing Managers’ Index (PMI), which measures business activity, rose … Continue reading
Canadian Pacific cutting 4,500 jobs and move Calgary headquarters
Calgary-based Canadian Pacific Railway has announced plans to cut 4,500 jobs by 2016. The railway said Tuesday the jobs would include both employee and contractor positions. CP said it expected to eliminate 1,700 positions over the next month. The firm said the cuts would include job reductions, natural attrition and using fewer contractors. The cuts … Continue reading
UK / Friends Life to cut a further 150 jobs
Friends Life is making around 150 staff redundant as part of a new round of cost cutting. The provider says it has not yet decided which departments will suffer cuts, adding it will inform staff in due course. As well as the job losses, Friends Life has around 50 job vacancies it will no longer … Continue reading
Airports / 19 million jobs were located within 10 miles of major american airports
As our Richard Florida pointed out in a series of posts last spring, airports play a “substantial role” in the economic growth of American cities. Their ability to facilitate the movement of goods and people may influence urban development as much as highways, railroads, and seaports did in previous centuries. They may also rival nearby … Continue reading
US / 100 Small Businesses have created more than 73,000 jobs between 2008 and 2011
Small businesses will put Americans back to work. That’s what Eric Schurenberg, editor-in-chief at Inc. magazine, told us. That’s also why he decided to come up with his own list of the top small businesses that are creating the most jobs right now. “The Inc. 500 list has been around since the early 80’s,” Schurenberg said. “So why … Continue reading
US / More Would Opt for a Business Job Than a Gov’t Job
By 60% to 35%, more U.S. adults would rather work for a business than for government, unchanged from January 2010. Among those currently employed for pay, preferences are similar: 63% would rather work for business and 33% for government. Source: More in U.S. Would Opt for a Business Job Than a Gov’t Job.
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