Job Market Monitor
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Canada / TVOntario / 35 To 40 Layoffs
Faced with decreased funding from the Ontario government, public broadcaster TVOntario is eliminating 35 to 40 jobs and cancelling a number of TV shows, including the iconic “Saturday Night at the Movies,” the station announced on Tuesday. At the same time, TVOntario plans to focus more heavily on “digital innovation in children’s educational media and … Continue reading
Gender Gap / Men Get the Jobs That Get Them Ahead
When it comes to the hot, high-profile jobs that lead to big promotions, managers overwhelmingly pick men for such plum roles, according to a new study, released Wednesday. Even when they are equally qualified, women are generally given smaller budgets, fewer direct reports and less exposure to the C-suite than their male counterparts, according a … Continue reading
National Irish Bank / 100 jobs go
NATIONAL Irish Bank customers will no longer have access to branches from today when the Danish-owned operation shuts its retail outlets. All 27 branches will shut, with the loss of 100 jobs. Customers will now have to use An Post offices, telephone banking, go online to do their banking or drop into one of the … Continue reading
Atlantic City / Sandy / Layoffs at casinos
Atlantic City’s casinos are struggling to deal with the aftermath of Superstorm Sandy by laying off workers and cutting back the hours of others. The city’s 12 casinos had to close due to the storm for five to seven days in late October and early November. Even after they reopened, business slowed considerably. The Atlantic … Continue reading
Japan / Panasonic To Cut 10K More Workers
The Japanese consumer electronics industry continues to feel the squeeze in the economy, with one of the more painful effects being mass layoffs of workers. In the latest development, Panasonic Corp. says that it will reduce its workforce by 10,000 employees by the end of this fiscal year, which completes in March 2013. The company … Continue reading
UK / Harwell / Space Agency / 100 new jobs
UP TO 100 new jobs are set to be created at Harwell thanks to a major investment in a new telecoms satellite monitoring headquarters for the whole of Europe. The European Space Agency (ESA) will set up the centre after Chancellor George Osborne revealed the Government is to step up its investment in space spending … Continue reading
Australia / Optus and SingTel / 934 Job cut
SingTel’s Australian subsidiary Optus has shed 184 additional roles outside of its original plan of 750. The company revealed in SingTel’s Q2 results today that it had shed 746 roles in the year between September 30, 2011 and September 30, 2012, which the company had forecast earlier this year as part of a major restructure … Continue reading
US / FED / Yellen Says Fed Should Tie Rate Inflation and Employment
Federal Reserve Vice Chairman Janet Yellen backed a proposal to link the Fed’s zero interest-rate policy to progress toward meeting its goals for inflation and employment rather than to a calendar date. “The Committee might eliminate the calendar date entirely and replace it with guidance on the economic conditions that would need to prevail before … Continue reading
China / Unemployment on rise
China, with a 4.1 percent urban unemployment rate, is feeling the pressure from the country’s sluggish economy, as new job growth slows and more people become unemployed, a top official said today. “The impact of economic slowdown on the job market is starting to emerge,” said Vice Minister of Human Resources and Social Security Yang … Continue reading
US / Homeland Security to hire 600 cybersecurity pros
Department of Homeland Security (DHS) Secretary Janet Napolitano, acting on the recommendation of the Homeland Security Advisory Council’s Task Force on Cyberskills, said at a Washington Post cybersecurity forum that DHS wants to hire at least 600 cyber experts, analysts, IT specialists and people who are familiar with coding. As a number of cyber experts … Continue reading
Canada / Quebecor cutting some 500 jobs
Quebecor Inc. is cutting some 500 jobs at its Sun Media newspaper division in a move that includes the closure of two production facilities in Ottawa and Kingston. The downsizing is part of the Montreal-based media group’s efforts to reduce annual costs by $45 million. There had been earlier reports Quebecor (TSX:QBR.B) would eliminate the … Continue reading
OECD / Unemployment Rate / Broadly the same rate observed since January 2011
The OECD unemployment rate was 7.9% in September 2012, broadly the same rate observed since January 2011. In the euro area, the unemployment rate increased for the 16th consecutive month — up 0.1 percentage point to 11.6% in September. The unemployment rate fell by 0.3 percentage point in the United States in September (to 7.8%), … Continue reading
NBCUniversal / More Layoffs until about 500 people have been trimmed
Job cuts that have been happening for months, including some announced Monday, are part of the parent company’s effort to slash spending. The drip-drip-drip of layoffs at NBCUniversal continued Monday with some New York-based television personnel getting their pink slips. The layoffs are part of a months-long concerted effort by parent Comcast to rein in … Continue reading
‘Obamacare Layoffs’ / Overblown ?
“Obama Reelection Triggers Massive Layoffs Across America.” “Job loss an early consequence of election.” “Obama keeps job; others lose theirs.” “The Obamacare Layoffs Begin…” “Top US Companies Plan Layoffs Because of Obamacare.” These are some of the headlines coming out of media sources like the Washington Times, the National Review, and Fox News since President … Continue reading
US / Nonprofit Sector is Growing Faster than Rest of the Economy
The nonprofit sector’s growth in total wages and employees outpaced government and business between 2000 and 2010, The Nonprofit Almanac 2012 shows. The volume was published this week by the Urban Institute Press. Even during and after the recession, from 2007 to 2010, nonprofit employment grew 4 percent and wages increased 6.5 percent, while they … Continue reading
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