Job Market Monitor
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US / FED / Dallas Fed President, Richard Fisher, says Fed might set a target for unemployment
Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Tuesday that his main concern now was unemployment, not inflation. He said another option the Fed might consider to signal its aims to markets was a target for unemployment, although this would be difficult because monetary policy alone was not responsible for creating jobs. … Continue reading
UK / Flagship government employment program finds jobs for only 3.5 % of participants
Private companies running a flagship government employment scheme have put only 3.5 percent of clients into sustainable jobs, statistics published on Tuesday showed. The British coalition government’s Work Programme, launched in June 2011 to help the long-term unemployed find work, divides the country into regions, with each comprising a range of private, public and voluntary … Continue reading
OECD / Global economy facing hesitant and uneven recovery (video)
The global economy is expected to make a hesitant and uneven recovery over the coming two years. Decisive policy action is needed to ensure that stalemate over fiscal policy in the United States and continuing euro area instability do not plunge the world back into recession, the OECD said in its latest Economic Outlook. via … Continue reading
Northern Ireland / Concentrix Technologies creating 100 IT jobs
Concentrix Technologies is part of the international Synnex Corporation, and provides customer relationship management (CRM) software. Invest Northern Ireland is providing financial support of £749,000. Enterprise Minister Arlene Foster met representatives of the company recently. “I am pleased such high quality jobs have been secured for local people,” she said. “These jobs will deliver in … Continue reading
Newport / Walmart hiring 400 workers
Walmart plans to hire 400 workers for its new Walmart Supercenter and Neighborhood Market stored opening in Newport News. Walmart has opened a hiring center to make it easy to apply. You can stop by the hiring center located at 10524 Jefferson Avenue in Newport News Monday through Friday between 8 a.m. and 7 p.m. … Continue reading
France / SFR telecom may cut 1,100 jobs
SFR, the French mobile-telephone unit of media and telecom group Vivendi SA , may cut 1,100 jobs as market conditions grew more difficult for the company after telecom firm Iliad ILIAF +2.62% launched a low-cost mobile-telephone service this year, newspaper Les Echos reports Monday citing a labor union official. The company, which is due to … Continue reading
UK / Tata Steel to cut 900 jobs
India-based Tata Steel Ltd. Friday announced plans to cut about 900 jobs at its U.K. operations as part of a wider restructuring. “Today’s proposals are part of a strategy to transform ourselves into an ‘all-weather’ steel producer, capable of succeeding in difficult economic conditions,” Karl Koehler, chief executive of Tata Steel’s European operations, said in … Continue reading
South Africa / Possibly above 10,000 and maybe higher mining jobs cut
South Africa’s mining industry is likely to see mass job cuts following violent strikes that drastically reduced production of gold and platinum, the head of the national mining industry body said on Friday. Bheki Sibiya, chief executive of the Chamber of Mines, said he expected thousands of job cuts in the industry, “possibly going above … Continue reading
Europe / Punitive tariffs Chinese photovoltaic manufacturers put 30,000 European jobs in danger
In a new study, AFASE has laid out the consequences it expects anti-dumping and anti-subsidy duties on Chinese photovoltaic manufacturers in Europe will have. Expected European-wide is a fall in demand, job losses and price increases. In China, the market leaders boast a capacity of 2 GW or more; in Europe there is no manufacturer … Continue reading
France / Société Générale could outsource 400 jobs
Societe Generale (SOGN.PA), France’s No. 2 listed bank by value, is considering outsourcing 400 back-office jobs at its corporate and investment bank, according to internal memos seen by Reuters. The plan, in which consulting company Accenture (ACN.N) would take on staff working mainly in custody and securities services, could be extended to other businesses, such … Continue reading
Employability And The Economy
Employability is based on a set of individual characteristics. It is not equivalent to employment, but rather a prerequisite for (gainful) employment. It pertains to someone’s relative ability to obtain and maintain gainful employment, as well as make successful transitions from one job to the next, either within the same company or field or to … Continue reading
ING / 2,350 jobs cut
ING Groep NV, the biggest Dutch financial-services company, will cut 2,350 jobs in its banking and insurance units after reporting a 64 percent slump in third-quarter profit. Photographer: Jock Fistick/Bloomberg Chief Executive Officer Jan Hommen is under orders to sell its insurance operations by the end of next year after ING received a 10 billion-euro … Continue reading
Germany / Hochtief to cut 700 jobs
Hochtief plans to cut about 700 jobs because of weak orders at its construction and facility management business Hochtief Solutions in Germany, a weekly magazine reported. The jobs will be cut at the company’s offices in Hamburg, Berlin, Munich and the Rhein-Main region surrounding Frankfurt in 2013, Wirtschafts Woche, citing company sources, said in a … Continue reading
US / 15% of law firms are planning to reduce partnership ranks
In a setback for the struggling legal industry, about 15 percent of U.S. law firms said they were planning to reduce partnership ranks in the first quarter of 2013 in a move seeking to address the problem of underused partners, according to a new survey by Wells Fargo Private Bank. The survey, which looks at … Continue reading
Resolute Forest Products – 240 Layoffs in Fort Frances
About 240 employees will be out of work by the end of the month due to a partial shutdown of the Resolute Forest Products facility in Fort Frances, Ont. The Montreal-based company announced the indefinite idling of the kraft mill and paper machine number 5 at Fort Frances on Tuesday, citing challenging market conditions. A … Continue reading
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