Job Market Monitor
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New York Times / Layoffs Loom Again
Less than two months after protracted contract negotiations came to a close between the New York Times Company (NYSE: NYT) and the Newspaper Guild, the nation’s newspaper of record is looking to make some difficult cuts. Jill Abramson, executive editor of the Times, sent a letter to the paper’s staff requesting buyouts from 30 non-union … Continue reading
India / Microsoft, Google hiring from new IIT campuses, pushing up wages by 15-20%
It’s just their second year on the placement scene but the new Indian Institutes of Technology at Ropar, Patna, Hyderabad, Bhubaneswar and Gandhinagar, among others, are already nipping at the heels of their much-older and more established counterparts. Big-ticket recruiters like Microsoft, Amazon and Google have descended on these campuses and average salaries have shot … Continue reading
Australia / Reserve Bank Cuts Key Rate to Match Half-Century Low
The Reserve Bank of Australia cut its benchmark interest rate to the half-century low set during the 2009 global recession as hiring falters and an elevated currency hurts industries such as manufacturing and tourism. Governor Glenn Stevens and his board reduced the overnight cash-rate target by a quarter percentage point to 3 percent, the central … Continue reading
South Africa / State’s fund creates only 745 jobs in 18 months
Since its launch last year, the government’s R9bn Jobs Fund has placed 745 unemployed youths into jobs through one of the projects that have benefited from the fund. The fund, promised by President Jacob Zuma last year in his state of the nation address and launched in June, provides grants to government departments, companies, municipalities … Continue reading
British Airways / To cut 400 cabin crew jobs
British Airways is looking to shed 400 senior cabin crew jobs. But the airline stressed that there would be no compulsory redundancies. A BA spokesman said the airline had entered into a 90-day consultation with the Unite union about the possibility of making voluntary redundancy available to 400 cabin crew staff. Those being offered the … Continue reading
The Daily’s Final Edition / About 100 Employees
JOHN BIGGS spoke to a person inside The Daily who held a $40,000 reporter position for the now shuttered “daily iPad newspaper.” While not completely blindsided, they had little inkling of what was going on inside the paper but there was always an undercurrent of doubt. “When the layoffs happened in the summer,” the said. … Continue reading
Pfizer / To shrink U.S. sales force
Pfizer Inc. PFE +0.18% plans to shrink certain segments of its U.S. sales force, in the drug maker’s latest cost-cutting move. Pfizer spokesman MacKay Jimeson said Friday the sales force would be reduced, but didn’t quantify the scope of the cuts. “As part of our strategy to allocate our resources, investments and people to the … Continue reading
Louisiana / Largest manufacturing investment in state’s history would create over 7,000 jobs
Today Sasol Ltd. announced plans to invest between $16 billion and $21 billion in an integrated GTL and ethane cracker complex in Westlake. The facility is expected to create roughly 1,253 direct jobs and roughly 5,886 indirect jobs. The historic project is double the size of the capital investment originally announced by Governor Jindal and … Continue reading
Ireland / Shannon Airport / Up to 850 jobs would be created next year
UP to 850 jobs are earmarked for the aviation sector when Shannon airport becomes an independent facility at the end of the year. The Government has revealed that on December 31 Shannon will separate from Dublin Airport Authority (DAA), leaving the authority saddled with €100m worth of debt. The airport will be merged with a … Continue reading
Europe / Global Monitoring for Environment and Security will create 83 000 jobs says European Commission Vice-President Antonio Tajani
GMES, Global Monitoring for Environment and Security, the European Commission’s earth observation programme will create 83 000 jobs in Europe by 2030. This is the result of a study presented by European Commission Vice-President Antonio Tajani today during the London conference “European Space Solutions”, an initiative of the European Commission, hosted by the UK Space Agency. … Continue reading
Australia / Brisbane Children’s Hospital cuts 99 full-time jobs
Jobs are being shed at the Royal Children’s Hospital in Brisbane as part of a bid to save taxpayers $15 million. Children’s Health Queensland Hospital and Health Service has confirmed it is cutting 99 full-time jobs, or five per cent of the workforce. This will see positions reduced at the Royal Children’s Hospital, the Child … Continue reading
Ireland / Dropbox and Centric Health to create up to 240 jobs
Up to 240 jobs are to be created in two separate announcements, with Kildare and Dublin first to benefit. US company Dropboxis to set up an international operations centre in Dublin, creating up to 40 jobs, in the company’s first move outside the United States. Dropbox will be hiring for a variety of positions, including … Continue reading
Canada / CIBC report warns of negative impact of mismatch in job market
A CIBC report released Monday suggests Canada’s economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled workers languish in unemployment. “We have people without jobs and jobs without people,” said author and deputy economist Benjamin Tal. The mismatch of companies unable to hire and people … Continue reading
Pennsylvania / U.S. Steel announces layoffs in McKeesport
U.S. Steel said Friday it is laying off more than half of the workforce at its tubular plant in McKeesport, citing competitive pressure from imports. Spokeswoman Courtney Boone said the company will lay off 142 hourly workers represented by the United Steelworkers union in order to bring staffing in line with production levels. The company … Continue reading
American Superconductor Cuts 25% Jobs
Wind and grid sector solutions provider American Superconductor Corp. (AMSC: Quote), Wednesday slashed its workforce by 25 percent in order to cut costs amid weakness in the wind power market. The company has cut its outlook for the third quarter, as a result of anticipated wind turbine electrical control system shipment delays to certain of … Continue reading
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