Job Market Monitor
Business
US – Amazon : Hiring 50,000 seasonal workers
It’s only October, but companies like Amazon are already thinking about the holidays. The online retailer is the latest to announce its seasonal hiring plan, and it’s significant: 50,000 jobs in the United States Amazon (AMZN, Fortune 500) currently employs 20,000 people at its 40 fulfillment centers across the country, where the seasonal employees will … Continue reading
US – 14 million white-collar jobs are vulnerable to being outsourced offshore
Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so … Continue reading
Europe – Deutsche Telekom to cut more jobs
Deutsche Telekom AG will have to cut more jobs to halt a slide in revenues in Europe, the German telecommunications company’s Europe chief told a German newspaper. Handelsblatt cited Claudia Nemat as saying in an interview that the company had struck an agreement with a trade union in Hungary over 500 jobs and was in … Continue reading
UE – SME: further policy boost needed to help in recovery
Europe’s Small and Medium Sized enterprises (SMEs) continue to strive for recovery. If we take the EU as a whole so far their overall efforts have mainly led to ‘jobless’ growth, as shown by diverging trends in the EU-27 Member States. Today in Brussels, the first day of the 2012 European SME week, the European … Continue reading
Taiwan – Hiring strongest in the world
Demands for workers by Taiwan employers in the fourth quarter are the strongest in the world, according to a survey by the Manpower Group released yesterday. The survey found 38 percent of Taiwan employers plan to hire in the October-December period. After seasonal adjustment, the figure translated into a fourth-quarter employment outlook index of 32 … Continue reading
Transat increases temporary layoffs
Transat increases temporary layoffs amid capacity cuts to improve profits. By Ross Marowits, The Canadian Press | September 13, 2012. Email. MONTREAL – Transat AT is set to temporarily lay off more than twice the number of pilots and flight attendants … http://www.canadianbusiness.com/article/98430–transat-increases-temporary-layoffs-amid-capacity-cuts-to-improve-profits
Deutsche Bank to Increase Job Cuts
Deutsche Bank AG (DBK), Europe‘s biggest bank by assets, will cut jobs and review its pay practices to help boost profitability as capital requirements rise and Europe’s debt crisis drags on. “Compensation practices are one important way to achieve … http://www.bloomberg.com/news/2012-09-11/deutsche-bank-plans-more-cuts-in-headcount-pay-to-reach-goals.html
French minister says Peugeot should cut in Spain, not just France
France’s industry ministry is pressing the country’s leading carmaker to limit the impact of a domestic restructuring set to claim 8,000 jobs – by shifting part of the cuts burden to Spain. Arnaud Montebourg, industrial renewal minister, was expected to raise the issue in talks on Thursday with PSA Peugeot Citroen chief executive Philippe Varin … Continue reading
Trina Solar Aggressively Cuts Jobs to Reduce Spending
Although the exact number of layoffs is not yet known, SPVI has learned from Solarzoom Market Centre that around 1,850 including 200 managers out of 15,000 employed are going to lose their jobs. Moreover, the company is operating under 75% utilization… http://solarpvinvestor.com/spvi-news/329-trina-solar-aggressively-cuts-jobs-to-reduce-spending-
Sweden – Unemployment rate increases of 0.6 percentage points at 7.2 percent
In August 2012 the number of employed persons aged 15-74 years amounted to 4 738 000. The number of unemployed persons amounted to 366 000, corresponding to an unemployment rate of 7.2 percent, an increase of 0.6 percentage points. On average the number of hours worked was 125.1 million per week. Seasonally adjusted data shows … Continue reading
Low-Skilled Immigrant Workers Are Vital Contributors To The Economy
The Republican National Committee reformed its immigration platform this month to favor a new guest worker program. Unfortunately, the party still seems unwilling to accept permanent low-skilled immigrants. These workers are critical to America’s … http://www.forbes.com/sites/realspin/2012/09/12/low-skilled-immigrant-workers-are-vital-contributors-to-the-economy/
Nokia Siemens to cut 400 jobs in Finland
Nokia Siemens Networks says it has started talks with employees to cut 400 jobs in Finland as part of global plans to streamline operations. The wireless network group … http://www.ipolitics.ca/2012/09/12/nokia-siemens-to-cut-400-jobs-in-finland/
GM’s Opel -1,000 German admin jobs cut
General Motors’ (GM.N) ailing Opel business in Europe plans to thin its administrative ranks by 30 percent, or 1,000 jobs, in its Ruesselsheim headquarters in Germany, newspaper Frankfurter Allgemeine Zeitung reported on Wednesday citing two unnamed board members. The cuts would be made voluntarily, without resorting to compulsory layoffs, the paper added. Opel said in … Continue reading
American Airlines – Tulsa maintenance base – 839 jobs cut
American Airlines will close its Fort Worth maintenance base by the end of the year, lay off 839 Tulsa mechanics and consolidate major aircraft maintenance operations in Tulsa and at Dallas-Fort Worth International Airport, company executives said Monday. More than 1,700 mechanics & related workers at American’s three aircraft overhaul bases will be laid off … Continue reading
Ormet – 200 layoffs in Ascension
The Ormet Corporation says about 200 of its 250 employees at its facility in Burnside, Louisiana will be laid off starting in November. The facility produces alumina, a white powder that is used in the manufacturing of aluminum. The product made at the Burnside facility is shipped along the Mississippi River to Ormet’s aluminum manufacturing facility in Ohio. Ormet … Continue reading
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