Job Market Monitor
Economy
US | Workers Least Satisfied With Stress and Pay
U.S. workers are the least satisfied with their on-the-job stress and money they make, out of 13 aspects of work conditions rated in Gallup’s annual Work and Education poll. Fewer than a third say they are completely satisfied with each. They are most satisfied with the physical safety conditions of their workplace, followed by their … Continue reading
The City | Women miss out on top jobs
Just one in five mid to senior-level jobs in the City are filled by women and only 6 per cent of managing directors are female, research has found. The survey by Astbury Marsden, a financial services recruiter, suggests women still face a glass ceiling despite efforts by banks and hedge funds to address the gender … Continue reading
Skills Gap | Three million open jobs in U.S. (Video)
Millions of jobs are waiting to be filled, but employers say they can’t find qualified workers because of “the skills gap.” Byron Pitts reports. Watch @: via Three million open jobs in U.S., but who’s qualified? – 60 Minutes – CBS News. Related Posts Apprenticeship | Skills Gap in Advanced Manufacturing POSTED BY JOB MARKET MONITOR ⋅ NOVEMBER 10, … Continue reading
UK | Skills gap continues to plague manufacturers
Staffing problems are driven by candidates’ lack of technical skills and experience, as well as a lack of applicants for jobs, according to the study by the manufacturers’ body, published on Monday. Employers are being “proactive” towards addressing skills gaps by developing links with schools and colleges, increasing investment in quality apprenticeships and pumping more … Continue reading
ILVA | Temporary layoffs of 2000
ANSA reported that troubled steel manufacturer ILVA warned that it will seek judicial relief from environmental shutdown orders, complaining it can’t make any business plans while the orders are in place. Mr Bruno Ferrante president of ILVA complained in a letter to the ministry of environment that “This company cannot, at present, make any declaration … Continue reading
Ireland | Fidelity Investments to create 200 new jobs
Financial services giant Fidelity Investments is to create 200 new jobs in Dublin and Galway involving a diverse mix of technology, back office operations and enterprise services skills. The IDA Ireland-backed investment will see new employees – ranging from entry-level to management positions – join highly integrated global teams providing finance, treasury, HR and end-user … Continue reading
SAS | To cut nearly 6,000 jobs
Loss-making airline SAS will shed nearly 6,000 staff through cuts and asset sales to secure loans from banks and Nordic governments to help it survive a global downturn and fierce competition. SAS (SAS.ST), one of the European flag-carriers being squeezed by discount carriers such as Ryanair (RYA.I) and Norwegian (NWC.OL), has not made a full-year … Continue reading
Japan | Economy shrinks an annualized rate of 3.5 pc
Japan’s economy shrank in the September quarter for the first time since last year, adding to signs that slowing global growth and tensions with China are nudging the world’s third-largest economy into recession. The 0.9 percent fall in GDP was in line with expectations, although a decline in capital expenditure was much steeper than forecast. … Continue reading
(UPDATE) US Presidential Election – The Day After ? Planned layoffs jump to five-month high in Oct
The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. Employers announced 47,724 planned job cuts last month, up from September’s 33,816, according to the report from … Continue reading
OECD | Balance of economic power to shift dramatically over the next half century: China Will Overgrow United States
The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a new OECD report. Divergent long-term growth patterns lead to radical shifts in the relative size of economies. The United States is expected to cede its … Continue reading
India | Will it be able to create enough jobs?
550 million Indians are 25 years and below, all ready or getting ready to join the workforce. But is India creating enough jobs? Is our education system and industry geared for the demographic explosion, which if not channeled right, could become a demographic disaster. Experts Sudhakar Balakrishnan, MD and CEO at Adecco India, Sanjay Pandit, … Continue reading
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading
US | Job Gap is 9 million
The labor market has added nearly 5 million jobs since the post-Great Recession low in Feb. 2010. Because of the historic job loss of the Great Recession, however, the labor market still has 3.8 million fewer jobs than it had before the recession began in Dec. 2007. Furthermore, because the potential labor force grows as … Continue reading
Credit Suisse | To cut 300 jobs in Switzerland
Credit Suisse will merge its retail and private banking arms in Switzerland from January, in a move which will cost 300 jobs at the Swiss bank and save 50 million Swiss francs ($52.76 million). The restructuring is part of an extra 1 billion Swiss francs in cost cuts announced by Credit Suisse two weeks ago … Continue reading
Meningitis Outbreak | Ameridose LLC to cut 790 jobs
Ameridose LLC, an affiliate of the drug-compounding pharmacy at the center of a deadly fugal meningitis outbreak in the United States, is cutting 650 positions as it grapples with an indefinite closure following regulatory scrutiny of its sterilization practices. According to the Boston Globe, Ameridose employees have been notified of their pending termination from the … Continue reading
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