Job Market Monitor
Economy
Ice Cream Plant in US / 1,600 desperate job seekers applicants for ‘three dozen or so initial jobs’
When the Good Humor ice cream plant closed here two summers ago, more than 400 jobs and a stable, punch-the-clock way of life melted away, another in a string of plant closings that have battered this once-proud manufacturing town. The hulking plant sat vacant until a co-op of Virginia dairy farmers purchased it in summer … Continue reading
Economic Slowdown in India / 12 million workers to return to farms says Crisil
The economic slowdown would push an additional 12 million people to farms between 2013 and 2019, ratings agency Crisil has estimated. Non-farm employment would decrease more than 25% between 2012-13 and 2018-19 to 38 million, the agency stated. “That’s because fewer jobs are being created with the economy treading a lower-growth path and labour intensity … Continue reading
GM in Brazil / To layoff over 1,000
The Brazilian affiliate of U.S. automaker General Motors has confirmed the layoff of more than 1,000 employees from one of the multinational’s factories in Sao Jose dos Campos in Sao Paulo state, official sources said. The decision will affect 1,053 workers, a number that includes employees who had already joined the Voluntary Resignation Program, or … Continue reading
Unemployment in Spain / A record number drop
The number of unemployed in Spain dropped by a record number in December making up the second biggest monthly drop in 14 years and bringing hope to the 4.7 million people still without a job in the EU’s fourth-largest economy. The number of people registered as unemployed fell by 107,570 in December, according to figures … Continue reading
Deutsche Bahn / Hiring 10,000 new workers each year until 2020
German rail operator Deutsche Bahn spent years cutting jobs to save costs. As thousands of employees head into retirement, the company now must recruit more help, hiring 10,000 new workers each year until 2020. In August 2013, the Mainz central train station came to a virtual standstill every evening as dispatchers were either on vacation … Continue reading
UI Weekly Claims Report in US / Still a good news
In the week ending December 28, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 2,000 from the previous week’s revised figure of 341,000. The 4-week moving average was 357,250, an increase of 8,500 from the previous week’s revised average of 348,750. The advance seasonally adjusted insured unemployment rate was 2.2 … Continue reading
Electrolux in US / Plans to add 810 jobs at headquarters
Electrolux will expand its North American headquarters in Charlotte, NC., and expects to add 810 jobs in the state in the coming years. It will be the second expansion at the location in three years. The appliance maker will invest $85 million in a 20-year lease agreement, part of the development of a second building … Continue reading
Germany / Employment hits new annual record
In 2013, more Germans had jobs than ever before in the country’s post-war history. But after seven consecutive years of improving employment figures, the jobs boom has begun to decelerate. Last year, an average of 41.8 million Germans out of a population of about 82 million was employed, according to figures released by the German … Continue reading
Sony / Layoffs to come
Financial woes continue to weigh on Sony as it looks to cut staff at production facilities, according to a Japanese report. The consumer electronics maker will offer early retirement packages for employees at Sony EMCS, a wholly owned production subsidiary, according to a Nikkei report on Tuesday. The subsidiary operates five production facilities in Japan … Continue reading
Revlon in China / To cut 1,100 jobs
Revlon Inc. (REV), the maker of cosmetics under its namesake and Almay brands, will cease operations in China and eliminate about 1,100 positions, including 940 beauty advisers, as it restructures its struggling business. Chosen excerpts by Job Market Monitor. Read the whole story at via Revlon to Exit Operations in China, Cut 1,100 Jobs – Bloomberg.
Hewlett-Packard (HP) / Layoffs up by 5,000 to 34,000
Hewlett-Packard Co. ( HPQ ) said it will increase by 5,000 the number of expected layoffs under a restructuring plan adopted in May 2012, bringing the number of job cuts to 34,000, the company said in a regulatory filing. The company, in a filing Monday with the Securities and Exchange Commission, cited “continued market and … Continue reading
Serbia / 2014 will be a tough year says Minister of Economy Sasa Radulovic
“I would like us all to live better without comprehensive reforms, and that no one loses a job, but that is not feasible, unfortunately,” Radulovic said Continue reading
Seven job creation strategies for city harness the sharing economy
How can a city harness the sharing economy in order to create jobs and develop enterprise? Continue reading
The value of an education in today’s US economy
Even in today’s recovering economy, education has retained its high value and is still the strongest step you can take in your career Continue reading
Brazil / Low unemployment rate matches record but …
Fewer Brazilians are working and even less are looking for work Continue reading
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