Job Market Monitor
Economy
P.E.I. | Cuts to come in public sector jobs
The P.E.I. government plans to remove 300 jobs from its payroll in the upcoming budget, CBC News has learned, and hopes to cut most of those positions through attrition. Premier Robert Ghiz has confirmed the downsizing is coming. “While you may not love coming in and delivering a budget along these lines it’s still your … Continue reading
UK | Nissan new hatchback will create 1,000 jobs
Japanese car giant Nissan is to build a new hatchback at its UK plant, creating more than 1,000 jobs at the site and at component companies. The announcement was made by Prime Minister David Cameron and Nissan chief operating officer Toshiyuki Shiga, during a visit to Nissan’s headquarters in Yokohama, Japan on Tuesday. The new … Continue reading
College Return on Investment
When people talk about the value of a college degree, they mean different things. A report last year by Georgetown University’s Center on Education and the Workforce pegs the median value of a four-year bachelor’s degree at $2.3 million, which is the average earnings for a degree holder employed full-time from ages 25 to 64. … Continue reading
Canada – A Widening Skills Gap
A fault line is splintering Canada’s labour market into those who can’t find work and those who can’t find workers. There’s no shortage of people looking for work. Some 1.4 million Canadians are unemployed, the jobless rate is still above pre-recession levels and youth unemployment is nearly 14 per cent. Despite this, employers across the … Continue reading
Consumer Goods | Layoffs Mounting
Consumer goods companies are planning more layoffs than all other industries this year due to company reorganizations, rising commodity prices and weak consumer spending, according to Chicago-based outplacement firm Challenger, Gray & Christmas. Companies such as Procter & Gamble, PepsiCo and Kraft Foods announced a total of 18,438 job cuts in the first quarter of … Continue reading
India | Dhanlaxmi Bank | To cut more jobs
More pain of job loss awaits employees of Dhanlaxmi Bank. As the Kerala-based private bank moves ahead with business consolidation and rationalisation, more heads are expected to roll. Already, the staff strength of the Thrissur-headquartered bank has come down to a little over 4,200 from 4,600 in November last year, as more than 300 employees … Continue reading
Finland | Tieto | After 1300 job cuts
Despite 1300 job cuts globally, Finland’s IT major Tieto Corporation is planning to restructure the business and may exit some unprofitable markets. Tieto will downsize 1,300 jobs including about 500 in Finland and 300 in Sweden. The company is planning to save over 50 million euros in annual costs by cutting these jobs. Speaking to … Continue reading
Sony | 10,000 Jobs will be cut
Sony Corp. plans to reduce its work force by an estimated 10,000 jobs, or roughly 6% of its global total, as part of a broader restructuring plan by Chief Executive Kazuo Hirai, people familiar with the matter said Monday. The cuts could be made over the next two fiscal years, ending in March 2014, though … Continue reading
Skills Gap | B.C. and Alberta | You can’t just put up a help-wanted ad or hang out a shingle
News that oilsands recruiters have been appearing at British Columbia’s junior hockey games isn’t going over well with the resource sector on this side of the provincial border who are chasing the same pool of skilled workers. B.C.’s mining, forestry and energy sectors are expecting to need as many as 10,000 people over the next … Continue reading
Malaysia | 60% of jobs by 2020 would need skilled workers
There will be 3.3mil job opportunities by the year 2020 and 60% of it requires highly skilled workers. Deputy Human Resource Minister Senator Datuk Maznah Mazlan said as such, SPM school leavers were encouraged to take up skills training to build up a highly-skilled workforce in facing the transformation era. “We have moved beyond the … Continue reading
Lockheed Martin | 450 to 500 layoffs in Salina
Lockheed Martin announced on Thursday that it will lay off 450 to 500 workers in its Mission Systems and Sensors (MS2) Division . The division has a facility in Salina. Lockheed Martin says it will first offer a voluntary layoff program followed by an involuntary one… Source: Read More @ 450 to 500 layoffs announced for … Continue reading
Microsoft, Silatech launch Egypt job portal
Qatar-based Silatech has partnered with Microsoft to launch MasrWorks.com, an online employability portal for Egypt that supports workforce development for the country’s youth. MasrWorks is available in both Arabic and English, and provides resources ranging from online career guidance, employability and entrepreneurship training, to specific work experience and job opportunities. MasrWorks represents the first stage of … Continue reading
India | Telecom | Enormous Potential Job Losses
The potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations and many of the affected entities have started trimming their workforce, according to HR experts. “Most of the companies whose 2G licences were cancelled are reducing their workforce. This is happening at all levels Only people at … Continue reading
U.N. | First World Happiness Report Launched
The happiest countries in the world are all in Northern Europe (Denmark, Norway, Finland, Netherlands). Their average life evaluation score is 7.6 on a 0-to-10 scale. The least happy countries are all poor countries in Sub-Saharan Africa (Togo, Benin, Central African Republic, Sierra Leone) with average life evaluation scores of 3.4. But it is not … Continue reading
U.S. | From Unemployment Insurance to Employment Insurance
Pennsylvania millionaire Gene Epstein’s Hire Just One project proposes redirecting unemployment checks to employers as a payroll subsidy reports Newsy. via Newsy | Philanthropist Pitches Jobs Plan to Congress | Multisource Video News Analysis.
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