Job Market Monitor
Economy
China / King Yuan Electronics / To create 1,000 jobs
King Yuan Electronics Co. Ltd., a Taiwan-based integrated circuit (IC) testing service provider, said yesterday its plan to build a new plant in an industrial park located in Tongluo Township, Miaoli County is expected to create about 1,000 jobs. King Yuan will invest NT$1 billion in the new production base, which is scheduled to break … Continue reading
US / 20,000 jobs at risk from low water along the Mississippi River
Shipping industry officials issued a new study Friday saying nearly 20,000 jobs are at risk if something isn’t done to prevent barge traffic from grinding to a halt along the Mississippi River in December. Meanwhile, a group of lawmakers have joined the private sector in asking the Obama administration to take action. The study, which … Continue reading
Italy / ILVA steel / Govn’t moves to save troubled plant
The future of Europe’s biggest steel plant, in the southern Italian city of Taranto, had hung in the balance after magistrates ordered it to close over accusations that emissions from the site had caused an environmental “disaster”. A decree passed in cabinet on Friday removed court administrators who had been running parts of the plant, … Continue reading
US / Toyota / Retirement incentives offered to 2,000 employees
Toyota Motor Corp (7203.T) said on Friday it is offering retirement incentives to about 2,000 U.S. workers, or 10 percent of its employees in the country, in an effort to manage attrition of its aging work force. About 1,600 workers at the Japanese automaker’s Georgetown, Kentucky plant, or about a quarter of the work force … Continue reading
North Dakota / More jobs than workers
Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state’s booming oil patch and has more jobs than takers. The company said in a statement that it plans to hire 50 workers … Continue reading
Germany / Unemployment rises for an 8th month and adjusted jobless rate held at 6.9
German unemployment climbed for an eighth straight month in November as Europe’s debt crisis curbed company investment and economic growth. The number of people without a job increased a seasonally adjusted 5,000 to 2.94 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 16,000, the median of 37 estimates in … Continue reading
Canada / Royal Bank to hire at least 700 in Québec
The Royal Bank of Canada (RBC) plans to hire at least 700 new employees in its various activities in Quebec next year. -*- Forte de bons résultats malgré la morosité économique, la Banque Royale entend poursuivre ses investissements en personnel et en succursales au Québec afin, dit-elle, d’y renforcer ses parts de marché et d’améliorer … Continue reading
Barclays / 3,500 jobs could be cut
Barclays could ax as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank’s culture in the wake of the financial crisis. The future shape and size of the investment bank is seen as the most critical part … Continue reading
Siemens / To Cut 4,700 More at Osram
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focused primarily outside Germany, come on top of 1,900 positions that Osram already reduced in fiscal … Continue reading
Texas Instruments / Notification of workers has begun
Texas Instruments yesterday began notifying employees about layoffs that were announced two weeks ago as the company exits the wireless mobile market, according to a letter the company sent to the Texas Workforce Commission. The Dallas-based chipmaker plans to cut 1,700 jobs, or about 5 percent of its workforce, over the next year. That includes … Continue reading
Pakistan / Promotion of technical education stressed to secure the future of youth
Participants at a dialogue stressed the need for promotion of Technical and Vocational Education Training (TVET) to secure the future of youth and enable Pakistan to take advantage of its growing youth population. This was the crux of a day-long session entitled ‘Dialogue on Skill Development’ political priority for developing the future generation, jointly organized … Continue reading
Ontario / Ford offers jobs to laid off workers
Laid off Ford workers in Windsor and St. Thomas have until Dec. 14 to decide whether to apply for close to 400 jobs that will be opening up early next year at the automaker’s operation in Oakville, Chris Taylor, president of CAW Local 200, said Thursday. As part of the a preferential hiring program, Ford … Continue reading
NY / Hundreds of workers at dozens of fast-food chain stores are walking out on strike
The term “McJob” has come to epitomize all that’s wrong with the low-wage service industry jobs that are growing part of the U.S economy. “It beats flipping burgers,” the cliché goes, because no matter what your job might be, it’s assumed to be better than working in a fast-food restaurant. Today in New York City, … Continue reading
Women in US – America has a “leaky” talent pipeline
“Women have been a growing factor in the success of the U.S. economy since the 1970s. Indeed, the additional productive power of women entering the work force from 1970 until today accounts for about a quarter of current gross domestic product (GDP). Still, the full potential of women in the work force has yet to … Continue reading
UK / Job preservation better than in past recessions
The UK labour market has done far better than in past recessions in terms of preserving jobs. Does that mean it has been a triumph for the so-called “Anglo-social” model, partway between the liberal US system and more regulated continental European markets? Not quite. Taking the good and bad sides of Britain’s experience, it has … Continue reading
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