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HP – 9,000 jobs trimmed in U.S.
Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said. HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in … Continue reading
Resolute: Layoffs to come with shutting down paper line at Catawba plant
Resolute Forest Products is shutting down one of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Layoffs will start July 2, said Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. How many people … Continue reading
Pentagon: Automatic cuts could wipe out nearly 1 million jobs
The report, by the National Association of Manufacturers (NAM), is the latest in a growing heap of studies warning of dire economic consequences if policymakers fail to avert about $100 billion in cuts to the Pentagon and nondefense programs next year. Across-the-board budget cuts scheduled to hit the Pentagon in January would eliminate nearly 1 … Continue reading
Sports Illustrated: Layoffs Coming
Job cuts are coming to Sports Illustrated and now we have a rougher idea of how many people are getting cut. It looks like as many as 16 folks could lose their job. Over the next two weeks, SI staffers will have a chance to volunteer for a buyout. If not enough people raise their … Continue reading
GM – Brazil: Extending Voluntary Layoffs
The Brazilian unit of General Motors Co. (GM) said Friday that it is prolonging a voluntary layoff program at one factory and expanding the program to a second Brazil factory. GM said in a statement that it will accept volunteers until July 2 at its Sao Jose dos Campos factory to have their contracts bought … Continue reading
Barclays to cut 600 jobs in India
Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said. This, however will not translate into an equal number of job losses as some of them will get accommodated within the company, apart from natural attritions over a nine-month period when the … Continue reading
Arch Coal Layoffs – 750 workers in Appalachia
One of the world’s largest coal producers said Thursday it would lay off about 750 workers in the Kentucky, Virginia and West Virginia coalfields, the latest setback for an industry struggling to sustain market share as utilities switch to cleaner and cheaper alternatives to generate electricity. The bulk of the cuts by Arch Coal Inc., … Continue reading
Book: Why Good People Can’t Get Jobs: The Skills Gap and What Companies Can Do About It | Wharton Digital Press
Even in a time of perilously high unemployment, companies contend that they cannot find the employees they need. Pointing to a skills gap, employers argue applicants are simply not qualified; schools aren’t preparing students for jobs; the government isn’t letting in enough high-skill immigrants; and even when the match is right, prospective employees won’t accept … Continue reading
UK – Accor to create 3,500 in three years
Accor, the hotel operator has launched people development strategy, strengthening its commitment to providing a learning and development support to its future and existing employees across its network of 185 hotels in the UK. Académie Accor unveils today its new campus in London, a first-of-its-kind UK professional training centre offering exceptional teaching facilities to ensure … Continue reading
Jetset cuts 110 as profits fall
Most of the pain from the latest restructure will be felt by those working at its travel management division, which will lose about 66 of the 110 jobs to be cut. The Age Link: http://www.theage.com.au/business/jetset-cuts-110-as-profits-fall-20120618-20k7r.html
Fairfax Media to cut 1900 jobs in Australia
Publisher of the Sydney Morning Herald and the Age to cut jobs, introduce paywalls and change broadsheets to compact format. The Guardian Link: http://www.guardian.co.uk/media/2012/jun/18/fairfax-media-job-cuts-australia
In Europe Mobile Operators Embrace Consolidation
BERLIN — European mobile telephone operators are primed to enter a … Everything Everywhere cut 1800 jobs, or 11 percent of its work force, in 2011 and is on … Link: http://www.nytimes.com/2012/06/18/technology/18iht-telecoms18.html
In The News | US Labor Market Is In A Full-Blown Depression, Joseph Stiglitz on The Price of Inequality, States with the widest income gap, Certificates pay off, Layoffs, layoffs and a bit of hiring plus Much More
The US Labor Market Is In A Full-Blown Depression zerohedge.com – Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… … JobMarketMon Joseph Stiglitz on “The Price of Inequality: How Today’s … Continue reading
In The News | The Job Stall on the Verge of Another Recession, Germany’s skilled worker shortage, Layoffs, Greece and More
Joblessness Rises: Are We on the Verge of Another Recession? | Economy alternet.org – The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but… JobMarketMon Why the U.S. economy is … Continue reading
In The News | World growth and U.S. employment,India, layoffs at BAE, GM and Hewlett Packard, IT Hiring, Employment Insurance in East Canada, Zambia and More
World growth at risk as U.S. employment stumbles ottawacitizen.com – WASHINGTON/LONDON – The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing fallin… JobMarketMon BAE Systems to axe 600 jobs | Business guardian.co.uk – BAE Systems has announced plans to close an historic factory … Continue reading
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