Job Market Monitor
Economy
The Daily’s Final Edition / About 100 Employees
JOHN BIGGS spoke to a person inside The Daily who held a $40,000 reporter position for the now shuttered “daily iPad newspaper.” While not completely blindsided, they had little inkling of what was going on inside the paper but there was always an undercurrent of doubt. “When the layoffs happened in the summer,” the said. … Continue reading
Pfizer / To shrink U.S. sales force
Pfizer Inc. PFE +0.18% plans to shrink certain segments of its U.S. sales force, in the drug maker’s latest cost-cutting move. Pfizer spokesman MacKay Jimeson said Friday the sales force would be reduced, but didn’t quantify the scope of the cuts. “As part of our strategy to allocate our resources, investments and people to the … Continue reading
Louisiana / Largest manufacturing investment in state’s history would create over 7,000 jobs
Today Sasol Ltd. announced plans to invest between $16 billion and $21 billion in an integrated GTL and ethane cracker complex in Westlake. The facility is expected to create roughly 1,253 direct jobs and roughly 5,886 indirect jobs. The historic project is double the size of the capital investment originally announced by Governor Jindal and … Continue reading
Ireland / Shannon Airport / Up to 850 jobs would be created next year
UP to 850 jobs are earmarked for the aviation sector when Shannon airport becomes an independent facility at the end of the year. The Government has revealed that on December 31 Shannon will separate from Dublin Airport Authority (DAA), leaving the authority saddled with €100m worth of debt. The airport will be merged with a … Continue reading
Europe / Global Monitoring for Environment and Security will create 83 000 jobs says European Commission Vice-President Antonio Tajani
GMES, Global Monitoring for Environment and Security, the European Commission’s earth observation programme will create 83 000 jobs in Europe by 2030. This is the result of a study presented by European Commission Vice-President Antonio Tajani today during the London conference “European Space Solutions”, an initiative of the European Commission, hosted by the UK Space Agency. … Continue reading
Australia / Brisbane Children’s Hospital cuts 99 full-time jobs
Jobs are being shed at the Royal Children’s Hospital in Brisbane as part of a bid to save taxpayers $15 million. Children’s Health Queensland Hospital and Health Service has confirmed it is cutting 99 full-time jobs, or five per cent of the workforce. This will see positions reduced at the Royal Children’s Hospital, the Child … Continue reading
Ireland / Dropbox and Centric Health to create up to 240 jobs
Up to 240 jobs are to be created in two separate announcements, with Kildare and Dublin first to benefit. US company Dropboxis to set up an international operations centre in Dublin, creating up to 40 jobs, in the company’s first move outside the United States. Dropbox will be hiring for a variety of positions, including … Continue reading
Canada / CIBC report warns of negative impact of mismatch in job market
A CIBC report released Monday suggests Canada’s economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled workers languish in unemployment. “We have people without jobs and jobs without people,” said author and deputy economist Benjamin Tal. The mismatch of companies unable to hire and people … Continue reading
International migration / Labour migration decreased in 2010 finds OECD
International Migration Outlook, OECD flagship publication on migration provides an analysis of recent developments in migration movements and policies in OECD countries and two analytical chapters, covering the role of migration in renewing the skills of ageing workforces and the role of Asia in international migration. Key Points Migration flows to the OECD Overall permanent migration inflows into 23 … Continue reading
Pennsylvania / U.S. Steel announces layoffs in McKeesport
U.S. Steel said Friday it is laying off more than half of the workforce at its tubular plant in McKeesport, citing competitive pressure from imports. Spokeswoman Courtney Boone said the company will lay off 142 hourly workers represented by the United Steelworkers union in order to bring staffing in line with production levels. The company … Continue reading
Tajikistan / Infrastructure project will benefit more than 770,000 people and 22,000 temporary jobs
The World Bank Board of Executive Directors today approved a US$45.9 million grant for the Second Tajikistan Public Employment for Sustainable Agriculture and Water Resources Management Project. Over 770,000 people residing in twelve districts of the southern Khatlon region of Tajikistan will benefit from temporary public employment opportunities and rehabilitation of important irrigation and drainage … Continue reading
American Superconductor Cuts 25% Jobs
Wind and grid sector solutions provider American Superconductor Corp. (AMSC: Quote), Wednesday slashed its workforce by 25 percent in order to cut costs amid weakness in the wind power market. The company has cut its outlook for the third quarter, as a result of anticipated wind turbine electrical control system shipment delays to certain of … Continue reading
Arizona / Resolution Copper eliminating about 400 jobs
An Arizona mining company announced Friday it will suspend shaft and drilling work at its Superior operation and eliminate about 400 jobs, saying the moves are the result of continued uncertainty around a proposed land exchange. Resolution Copper Mining officials said they will try to place affected workers in other jobs within the company. Some … Continue reading
Reshoring / There was a herd mentality to the offshoring says John Shook
Business practices are prone to fads, and in hindsight, the rush to offshore production 10 or 15 years ago looks a little extreme. The distance across the Pacific Ocean was as wide then as it is now, and the speed of cargo ships was just as slow. A lot of the very good reasons for … Continue reading
Fresno Call Center to close / More than 700 jobs
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but declined to say how many workers would be affected. The layoffs at the call center will be upwards of 700 … Continue reading
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