Job Market Monitor
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New England – GT Advanced Technologies – Layoffs for 25 percent of its staff
GT Advanced Technologies Inc. (GTAT) stock nose dived Wednesday after the Nashua, N.H.-based supplier of manufacturing equipment for solar and energy products said it would cut 25 percent of its staff. As of June the company had approximately 600 employees in Salem, Mass., New Hampshire, and Asia. News of the cuts – 40 of which … Continue reading
Gaming – Layoffs everywhere
It’s been a week of bad news in the gaming world, so lets get through this together. Zynga laid off 5% of their staff this week in an attempt to shore up their bottom line. They closed a Boston office, reduced staff in Austin and have proposed shutting down shops in the UK and Japan. … Continue reading
Ireland – McDonald’s to create 700 new jobs
Fast food giant McDonald’s is to create 700 jobs across the country over the next three years. The organisation announced plans for a 20 million euro investment in its Irish operations between now and the end of 2015, which will include the opening of 12 new restaurants. Junior minister for jobs John Perry welcomed the … Continue reading
Ryanair promises hundreds of jobs
Ryanair has said an increase in its flights to and from East Midlands airport could create up to 460 jobs. The budget airline announced yesterday it will be adding new services to Marseille and Menorca from the Castle Donington airport, and expanding 17 of its existing 38 routes which already fly from there… via Airline … Continue reading
US – Productivity increases modestly
Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly. Productivity, which measures hourly output per worker, increased at a 1.9 percent annual rate, the Labor Department said on Thursday. Many economists would read a drop in productivity as a sign that … Continue reading
US – October factory activity falls to 37-month low
Manufacturing grew in October at its slowest pace in more than three years and appeared likely to act as a drag on overall growth in the final months of 2012, an industry survey showed on Thursday. Financial information firm Markit said its U.S. Manufacturing Purchasing Managers Index fell to 51.0 this month, below a preliminary … Continue reading
South Africa – Lonmin job cuts could bring more unrest
Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production and led it … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
US – Benefits of High-Skilled Immigrants
The technology journalist Robert X Cringley has an article criticizing H1-B visas that I think is worth offering a rebuttal to. In contrast to pro-immigration voices that is often associated with Silicon Valley, this piece reflects the anti-immigration sentiment that I think reflects the same old protectionism we see in many other places in this … Continue reading
Switzerland – Lonza to Cut Jobs
Lonza Group AG (LONN) said it plans to cut 500 jobs, including 400 at a Swiss site that manufactures chemical intermediates and active pharmaceutical ingredients. Most of the job losses will come from internal transfers, natural attrition, early retirements and by not extending temporary contracts, the Swiss supplier to the pharmaceutical industry said today in … Continue reading
Panasonic – $9.6-billion loss and cutting jobs
Panasonic May Cut More Jobs as TV Maker Sees $9.6 Billion Loss Panasonic Corp. (MAT1), Japan’s third- biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn’t plan another round of cuts. Investors say it has to. Even after reducing its workforce by about 11 … Continue reading
France – Industry Bleeds Jobs
Renault SA (RNO) says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules. France’s second-largest carmaker, which is based near Paris and 15 percent owned by the government, built fewer than a quarter of the 2.83 million cars that rolled off … Continue reading
Denmark – Danske Bank to cut 3000 jobs
Danske Bank unveiled plans to cut 3,000 jobs and sell 7 billion kroner (€900 million) in shares as Denmark’s largest lender looks for ways to increase its capital buffers. The measures were announced together with Danske’s third-quarter report, showing net income of 1.31 billion kroner, compared with a loss of 384 million kroner a year … Continue reading
Indiana CoC – Targeting Middle Skills Gap
The Indiana Chamber of Commerce has launched a website to help bridge the so-called “middle skills” gap. Vice President of Education and Workforce Development Derek Redelman tells Inside INdiana Business he regularly hears from companies seeking employees to fill openings requiring more than a high school diploma, but less than a four-year college degree and … Continue reading
UK – Royal Mail’s investment – 1,000 jobs
ROYAL Mail has announced a £75million investment programme for its UK express parcels business, creating 1,000 jobs. The expansion is part of its strategy to grow in the UK and overseas. In the last reported financial year, its parcels businesses accounted for almost half of the group’s revenues, excluding the Post Office, and online retailing … Continue reading
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