Job Market Monitor
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UK – Employment law offers ‘excessive protections’ write rising star MPs of the Conservative party
Earlier this month, the Evening Standard leaked extracts from a forthcoming book entitled Britannia Unchained: Global Growth and Prosperity, which will be published in the run-up to this year’s Conservative Party Conference. The book’s publishers Palgrave MacMillan describe the book as follows: Presented by a team of rising star MPs of the Conservative party, Britannia … Continue reading
UK – Airbus deal secures 6,000 jobs
Up to 6,000 jobs have been secured at Airbus’s factory in Cheshire following a major order from Philippine Airlines. The company makes wings for the Airbus at its plant at Broughton, near Chester. via BBC News – Airbus deal secures 6,000 Broughton jobs.
Oregon – Schnitzer Steel to cut 300 jobs
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products. Schnitzer … Continue reading
Ireland – Target Express: 390 jobs cut
Ireland’s largest privately-owned transport company, College Freight, has announced it has decided to cease trading, with almost 400 people set to lose their jobs. The firm operates as Target Express and employs 390 staff. Target Express was started by County Fermanagh man Seamus McBrien, and had depots in Northern Ireland, the Republic of Ireland and … Continue reading
Volkswagen – 1 billion euros investment in Russia
Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
ON Semiconductor to cut 250 jobs
Power-management chipmaker ON Semiconductor Corp said it will cut about 250 jobs and cancel its annual cash incentive program for senior executives to reduce costs in a weak macroeconomic environment. The company expects to complete most of the job cuts in the current quarter and estimated a related charge of $11 million to $14 million, … Continue reading
Indiana – Toyota to hire 240
Toyota Motor Manufacturing, Indiana plans to add about 240 new production team members by the end of November to support next year’s increased Highlander sport utility vehicle production. The hiring began this month. The new Toyota team members will come from Aerotek, which maintains a “variable workforce” to meet the Princeton plant’s fluctuating production needs. … Continue reading
Australia – Queensland – Job Cuts ‘probably lower than 15,000’
The total number of jobs to be cut from Queensland’s public sector is likely to be lower than 15,000, Premier Campbell Newman says. In the lead up to next month’s budget, Mr Newman and senior ministers have repeatedly said they were aiming to keep the number of lost jobs below 20,000. Mr Newman, who yesterday … Continue reading
Denmark – Government cuts nearly 1,000 workers
Not since 1920 have so many state employees been fired Finance minister Bjarne Corydon (Socialdemokraterne) says the pain is not over (Photo:Scanpix) At a time when the prime minister, Helle Thorning-Schmidt (Socialdemokraterne), has said that stemming the rising tide of unemployment is at the top of her agenda, her government has now fired more state … Continue reading
G4S axes 1,100 jobs
Security firm G4S has unveiled plans to axe 1,100 jobs as the company restructures following the failure of its Olympics contract. The company said that cutting the posts – mostly in continental Europe – would save £30 million a year. Chief executive Nick Buckles said: “We were deeply disappointed that we had significant issues with … Continue reading
China – More than 75 percent of the country’s urban jobs are created by small enterprises
Human resource analysts have called for greater efforts on the part of the government to create new jobs, as the country’s economic slowdown has created a grave employment situation, a major newspaper reported Tuesday. The overseas edition of the People’s Daily, the flagship newspaper of the Communist Party of China (CPC), cited experts as saying … Continue reading
Lexmark – 1,700 jobs cut
Lexmark is cutting 1,700 jobs, or almost 13 per cent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines … Continue reading
Australia – The outsourcing of jobs at new hospital
It’s a job that has been described as a back room service and one that the State Government is privatising in new hospitals.” But, it’s not just cleaners. All non-clinical staff at the new Fiona Stanley Hospital, including sterilisation technicians, orderlies, patient care assistants, administration and IT staff, will be privately employed by management company … Continue reading
Sony Mobile – 1,000 jobs cut
Sony Mobile is cutting 1,000 jobs from its phone division after posting record losses this financial year. The embattled Japanese company posted record losses of US$5.6bn in March this year, with two-thirds of the jobs cut to fall on its Sony Mobile division in Lund, Sweden. The loss-making electronics firm reveals the job losses are … Continue reading
HR – To be or not to be a decision-makers: 75% are not
A poll conducted at the CIPD’s HR Software Show 2012 reveals that 75% of UK businesses are not using the expertise of their HR professionals to formulate business strategy while reward is too rarely linked directly to high individual performance. According to the survey by outsourcing firm PlusHR, 75% of HR professionals not being … Continue reading
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