Job Market Monitor
Economy
iPad – The Daily Plans Layoffs
The Daily, a tablet-only publication introduced with much fanfare last year by Rupert Murdoch of the News Corporation and the Apple executive Eddy Cue, said Tuesday it would lay off almost one-third of its 170 full-time staff members. The news, first reported by All Things Digital, comes as the News Corporation prepares to split its … Continue reading
RIM closes Boston store
Canadian company Research in Motion has closed one of the company’s retail locations, a BlackBerry store in Boston, but says a decisions has not yet been made on the other ones. RIM has a few retail locations across Canada and the United States, including a handful of airport kiosks. Citing unnamed sources close to the … Continue reading
Yediot Plans Dozens of Layoffs
One of Israel’s most prominent daily Hebrew newspapers, Yediot Aharonot, will lay off dozens of journalists. The downsizing comes in an era when newspapers worldwide are experiencing cuts. Yediot’s layoffs will include senior staff members and veterans of the organization, according to Israeli business publication Globes. The cuts will affect the paper’s health and travel … Continue reading
US – Management of the Financial Crisis has given weakest recovery of any in the world since 1970
The Obama administration says one reason the U.S. economic recovery has been so slow is that it is still suffering from the aftermath of the financial crisis. But the U.S. is not the first country to suffer a recession and a financial crisis. And the U.S. recovery is doing worse than all of them. In … Continue reading
The Talent War – Is Alberta losing ?
As Lorraine Mitchelmore rushed from a speaking engagement out into a hot June afternoon, the president and country chair of Shell Canada Ltd. paused to consider Alberta’s never-ending shortfall of skilled workers. “There’s a decade of projects that we’ve got in front of us,” she said, standing in the lobby of Calgary’s Delta Hotel on … Continue reading
Skills gap – Session Explores Solutions to Auto Industry’s Skilled Worker Shortage
In an industry that now employs 22 percent fewer workers than it did just five years ago, automotive employers are finding they must search extensively to fill job openings. The market for skilled workers and the global competition for talent will be the focus of “Surviving the Skills Shortage: Hiring Strategies and Solutions” at the … Continue reading
Germany – Skills Gap – Visa Rules for Skilled Workers Relaxed
Starting tomorrow, many foreign investors and their foreign employees will have an easier time obtaining a residence permit in Germany. Two key changes have been made to streamline the visa process for these groups. The EU Blue Card will be introduced tomorrow. Also, capital and job creation requirements have been eased for investors looking to … Continue reading
Philadelphia Orchestra Exites Bankruptcy
The orchestra stunned the arts community when it became the first major U.S. orchestra to file for Chapter 11 bankruptcy protection in April 2011. Under the reorganization plan, the 111-year-old symphony will shrink from 105 musicians to 95 and cut their pay by about 15 percent. The orchestra also got a break on its rent … Continue reading
Africa: The Era of Unemployment
The latest African Economic Outlook paints a promising picture for the continent, but crucially, it also warns that the scourge of youth unemployment will impact severely on the capacity of African states. The latest African Economic Outlook (AEO) has been released, and it’s optimistic. A joint project of the African Development Bank (AfDB), the OECD … Continue reading
Nigeria – Youth unemployment – Can Okonjo-Iweala hoodwink us ? Writes Bayo Olupohunda
Is the high rate of joblessness among Nigerian youth population a consequence of the global unemployment crisis or an upshoot of a mismanaged economy and wrong approach to employment creation initiatives? Did the recession-hit global economy have a ricochet effect on the growing statistics of the unemployed in Nigeria? The minister of Finance and co-ordinating … Continue reading
South Africa – Update – Unemployment rate dips slightly, to 24,9%
SOUTH Africa’s unemployment rate declined to 24,9% in the second quarter of 2012 from 25,2% in the first quarter‚ Statistics South Africa (Stats SA) said on Tuesday. The expanded unemployment rate‚ which includes discouraged workers‚ also declined — to 36,2% from 36,6% in the previous quarter. Stats SA deputy director-general Kefiloe Masiteng has described the … Continue reading
UK – Disposable income at nine-year low
Individuals had less disposable income to spend on average in the first three months of the year than during any quarter since 2003. Disposable income per head, taking inflation into account, fell by 1% on the previous quarter, the Office for National Statistics (ONS) said. This measure of income is the amount of cash individuals … Continue reading
Singapore – Unemployment inched higher to 2.1%
And total employment grew by a scanty 27,400. According to the Ministry of Manpower, employment creation has moderated slightly in the first quarter this year, though it remained fairly strong. Unemployment has risen slightly. The seasonally adjusted overall unemployment rate increased from 2.0% in December 2011 to 2.1% in March 2012… via Unemployment inched higher … Continue reading
Australia – Rio Tinto to Cut Jobs
Rio Tinto PLC is cutting jobs at its regional headquarters in Melbourne and closing an office in Sydney as the Anglo-Australian mining giant moves to contain costs, two people familiar with the matter said Tuesday. The restructuring is the latest sign that Australia’s mining boom is running out of steam as China’s economy slows and … Continue reading
Unknown number of layoffs hit several studios in Seattle area
WB Games Seattle, which is composed of Monolith Productions, Snowblind Studios and Surreal Software have been hit with an unknown number of layoffs today. A source close to the studio confirmed to Joystiq that the Seattle team has been affected. Nothing concrete has been announced as of yet, though earlier layoffs saw around 60 people … Continue reading
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