Job Market Monitor
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KPMG – More Than 300 Layoffs Projected
Uncertainty over the Eurozone debt crisis and stagnant growth in economies all over the world has forced businesses to cut back on growth expectations. These concerns have forced the firm to consider cutting employees from its UK offices. KPMG has not announced any layoffs in over 10 years. The firms were an unexpected announcement and … Continue reading
Apple – Angry employees
Apple UK, US, and Canada have all reported huge layoff numbers across Apple retail store outlets. Recent training groups all within their probationary period have been given the pink slip. We even hear recently promoted Apple employees being demoted back down to their original positions, all while part-time employees disappointingly discover zero hours per week … Continue reading
Taiwan – Mass layoffs reach highest in 4 years
Fifty Taipei companies had announced mass layoffs by mid-August this year, the highest in four years, reported the city’s Labor Department yesterday. According to the agency, “mass layoff” is defined by law as the letting-go of 20 workers in a single day or a third of a workforce within 60 days by a company with … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
Germany – Bosch – To shorten work hours
German industrial group Robert Bosch GmbH ROBG.UL is in talks with workers at its engineering unit, Bosch-Rexroth, to cut their work hours in response to weakening demand from industrial customers, a company spokesman said on Friday. Bosch-Rexroth is one of the world’s leading producers of drives, valves and control technologies, which are used in machine … Continue reading
Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia
While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008. According to official data, 5% of Russia’s … Continue reading
Mining – Layoffs Looming
Twenty per cent of mining companies in Canada have already begun laying off employees this summer in a sector that has taken a recent beating in the markets. The good news for existing workers is that employment appears to be getting more stable, with 76 per cent of the 140 mining executives surveyed not considering … Continue reading
OnLive – Massive layoffs
There have been tons of speculation within the gaming industry today on whether or not one of the pioneers of cloud gaming, OnLive, is shutting down. A writer from Mashable claims they were contacted by a former OnLive employee who says that he and many others have recently been let go by the company and … Continue reading
China – Motorola employees protest layoffs
More than 100 employees of the Beijing branch of Motorola Mobility demonstrated in front of the company’s building on Friday, protesting massive staff cuts. Staff members of Motorola Mobility Holdings Inc in Beijing protest in front of the company’s office building on Friday demanding “consultation on an equal footing”. [Provided to China Daily] On Monday, … Continue reading
UK – Executive pays at £3m average
While many struggle to keep afloat during the recession, Britain’s top chief executives are enjoying an average £3million salary. FTSE 100 bosses have seen their salary soar by 8.5 per cent in 2011 – whereas the national pay average rose by just 1.6 per cent, barely half the rate of inflation. The brutal economic climate … Continue reading
Sharp – Thousands more layoffs
Sharp Electronics may cut thousands more jobs even after it executes its present plan to cut five thousand jobs. Sharp hopes the cuts will improve its balance sheet. Sharp is even considering the sale of it its building in Tokyo and land owned in western Japan. A report in the Mainichi Shimbun claims that the … Continue reading
Where the Skills Gap Really Resides: a huge mismatch at the middle-skill level
It is those people who have not earned the minimum of a two-year degree that Scaglione says constitute a large population of our country who are stuck in low-skilled jobs that do not require any higher education. Low-skilled jobs that do not require a minimum of a two-year degree represent about 35 percent of all … Continue reading
New Jersey – Unemployment Rate at 35-Year High (9.8%)
New Jersey’s unemployment rate jumped to a 35-year high of 9.8 percent in July, the state Labor Department said. The rate climbed from 9.6 percent in June and is above the national level of 8.3 percent, which also increased last month. New Jersey lost 12,000 jobs in July, with the largest drops in manufacturing, construction, … Continue reading
U.S. Currency – The paper company used to make the paper since 1879 plans layoffs
The western Massachusetts company that has provided the paper used to make U.S. currency since 1879 has announced plans to lay off 55 workers. Dalton-based Crane & Co. says the job eliminations announced Wednesday are part of a consolidation plan to rejuvenate the 211-year-old paper company’s stationery business. The Berkshire Eagle reports that layoffs will … Continue reading
IP – Layoffs at box plant as one shift closing down
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading
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