Job Market Monitor
Business
(UPDATE) US Presidential Election – The Day After ? Planned layoffs jump to five-month high in Oct
The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. Employers announced 47,724 planned job cuts last month, up from September’s 33,816, according to the report from … Continue reading
TMX | To cut 100 jobs
TMX Group Ltd. plans to cut 100 jobs over the next 12 months as part of its integration of a clearing house and rival exchange it acquired as part of a takeover by a group of Canadian financial services players. The stock exchange operator’s president and chief executive, Thomas Kloet, announced the job cuts on … Continue reading
Credit Suisse | To cut 300 jobs in Switzerland
Credit Suisse will merge its retail and private banking arms in Switzerland from January, in a move which will cost 300 jobs at the Swiss bank and save 50 million Swiss francs ($52.76 million). The restructuring is part of an extra 1 billion Swiss francs in cost cuts announced by Credit Suisse two weeks ago … Continue reading
Meningitis Outbreak | Ameridose LLC to cut 790 jobs
Ameridose LLC, an affiliate of the drug-compounding pharmacy at the center of a deadly fugal meningitis outbreak in the United States, is cutting 650 positions as it grapples with an indefinite closure following regulatory scrutiny of its sterilization practices. According to the Boston Globe, Ameridose employees have been notified of their pending termination from the … Continue reading
Iberia | IAG to cut 4,500 jobs
International Airlines Group warned on Friday that its Spanish carrier Iberia was ‘‘in a fight for survival’’ and unveiled a restructuring plan to cut 4,500 jobs as it reported a drop in third-quarter profit. Iberia CEO Rafael Sanchez-Lozano said the carrier is losing money in all its markets and was ‘‘burning €1.7 million ($2.17 million) … Continue reading
US | CBO | Unemployment lower in the next few years if the fiscal cliff removed
Substantial changes to tax and spending policies are scheduled to take effect in January 2013, significantly reducing the federal budget deficit. According to CBO’s projections, if all of that fiscal tightening occurs, real (inflation-adjusted) gross domestic product (GDP) will drop by 0.5 percent in 2013 (as measured by the change from the fourth quarter of … Continue reading
From UK To China | Syfer Technology threatens jobs in Norfolk
A high-tech electronics components company in Norfolk is planning to set up a manufacturing base in China, putting 120 jobs at risk. Syfer Technology, of Arminghall, said exports, especially to the Far East, helped it expand and it wanted to be near markets and suppliers. The firm was bought by American company Dover Corporation in … Continue reading
Australia | Qantas cuts 400 maintenance jobs
Australian flag carrier Qantas on Thursday announced the slashing of 400 maintenance jobs as part of a restructure aimed at cutting costs and shifting focus to Asia. Qantas said the cuts would involve 150 staff and 250 contractors, as the “Flying Kangaroo” consolidates its maintenance operations to achieve savings under heavy competition, fuel costs and … Continue reading
Nova Scotia Govn’t | To outsource payroll jobs to IBM
The Nova Scotia government has announced a deal with IBM Canada to contract out administration of its computer information system, angering dozens of information technology workers who were told their jobs will be outsourced. “It doesn’t make you feel good when we’ve been together as a group for over five years,” said Allura McKay, a … Continue reading
Ford – 2,000 Entry-Level New Employees
Ford Motor Co. (F) has hired more than 2,000 entry-level factory workers this year so far, lowering its overall manufacturing costs, a Ford manufacturing executive said. The new hires represent the first wave of workers paid an entry-level wage that is about $10 per hour lower than the existing workers. The so-called second-tier wage was … Continue reading
Layoffs Don’t Benefit Hospitals
Dean Gruner, MD, and Chris Van Gorder are not your everyday health system CEOs. Dr. Gruner is president and CEO of ThedaCare, a five-hospital system in Appleton, Wis., with roughly 6,100 employees. Mr. Van Gorder, a former police officer, is president and CEO of Scripps Health, a five-hospital system in San Diego with almost 13,000 … Continue reading
Boeing | To cut 30 percent of management jobs
Boeing Co said on Wednesday it will restructure its defense, space and security business and cut 30 percent of management jobs from 2010 levels as part of a broad cost-cutting drive. Boeing, the Pentagon’s second-largest supplier, said it also will close some facilities in California and consolidate several business units in an effort to trim … Continue reading
Hawker Beechcraft Announces Layoffs to more than 400 employees
A letter sent by Hawker Beechcraft to its employees Wednesday informed them that the company would be cutting workers and closing specific facilities, resulting in job losses for more than 400 employees. Hawker Beechcraft Services facilities in Little Rock, Ark., Mesa, Ariz., and San Antonio, Texas, will “begin the process of closing,” shedding some 240 … Continue reading
Australia | More jobs but participation shrinks
Australia’s unemployment rate remained steady in October, but there were fewer people looking for jobs and fewer hours being worked. Official figures released on Thursday showed the unemployment rate remained at 5.4 per cent in October, with 10,700 extra people finding employment in the month. However, the percentage of working age Australians either employed or … Continue reading
Canada – Private sector loosing jobs
Canada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs. The 1,800 jobs added was already a disappointment compared with the 10,000 economists had forecast. According to Statistics Canada, that left the unemployment … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 