Job Market Monitor
Cuts
US / Summary of 2013 Unemployment Insurance Cuts
North Carolina has become the eighth state to cut the number of weeks of state unemployment benefits. Starting July 1, 2013 there will be a range of state unemployment benefits from 12 to 20 weeks. The number of weeks would be calculated twice a year and based on the state unemployment rate. In addition, the weekly … Continue reading
Barclays, Deutsche Bank / To cut pay up to 20 percent
Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Britain’s Barclays is finalizing bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 … Continue reading
Canada – Via Rail cuts 200 union jobs
Via Rail expects to cut 200 unionized jobs, or about nine per cent of its workforce, as the government-owned passenger rail service reduces trips on lines across the country. No routes are being eliminated, and some in the busy Montreal-Toronto corridor will be increased. But by the end of October, routes in most other areas … Continue reading
Stiglitz reiterates : Austerity Pushes Europe ‘Suicide’
Europe Pushed to ‘Suicide’ on Austerity, Stiglitz Says – Bloomberg Nobel Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent toward “suicide.” “There has never been any successful austerity program in any large country,” Stiglitz, 69, told reporters in Vienna yesterday. “The European approach definitely … Continue reading
Kodak | Layoffs Start Today while Seeking to Cut Benefits for 16,000 Retirees
Ninety-one Kodak employees will be laid off as part of the company’s decision to no longer make digital cameras for consumers. via Layoffs at Kodak start today – Henrietta, NY – Henrietta Post. ______________________________________________________ Eastman Kodak, the troubled camera maker that recently filed for bankruptcy, is considering a move that will cut health benefits for … Continue reading
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