Job Market Monitor
Economy
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
US / A small, and shrinking, proportion of jobs pay enough for families to make ends meet finds the 2013 Job Gap Report by the Alliance for a Just Society
The Alliance for a Just Society’s 15th annual Job Gap Study examines employment opportunities and outcomes nationally, in 10 states (Colorado, Connecticut, Idaho, Florida, Maine, Montana, Nevada, Oregon, Virginia and Washington State), and in New York City Continue reading
EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says
French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units. “France finds it unacceptable that a business like EADS cuts jobs overall while … Continue reading
Skills Gap in Ireland / Tech multinationals boost but jobs go unfilled
On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme. Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for … Continue reading
Kellogg’s / 500 Layoffs in London, Ont.
The Kellogg’s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs. The employees were told the news Tuesday during a staff meeting. “As with any project of this scope and one that impacts people, these are difficult decisions,” John Bryant, president and chief … Continue reading
Canada / All the jobs created since a year were in the low-paying, economically insecure, sales and service occupations
From November 2012 until November 2013 economist Andrew Jackson reports that all the jobs created in Canada were in the low-paying, economically insecure, sales and service occupations. The CPC are the bad jobs party. An in-depth report done in 2013 by McMaster University and the United Way looked at how people living in the Greater … Continue reading
Car Makers in US / The federal bailout saved 1.5 million U.S. jobs a study finds
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
Ireland / 1,000 new jobs as University of Limerick expands
About 1,000 jobs are expected to be created in Limerick over the next four years in a major expansion of the University of Limerick, part funded by the European Investment Bank. An estimated 700 of the jobs will be in construction and nearly 300 will be created on the existing campus as well as at a new campus … Continue reading
Daimler / 800 new IT-jobs inin India and Turkey
New SAP ‘Shared Service Centers’ are currently being developed in India and Turkey. Daimler IT is placing great emphasis on the skills of its own employees while expanding the facilities. In the new Shared Service Center,Daimler will create 800 new IT-jobs in Bangalore by 2015. Positive effects on IT suppliers and the IT sector in … Continue reading
(update) European aerospace company (EADS) / To cut up to 6,000 jobs
European aerospace company EADS plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring programme it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last month that the restructuring would cost thousands of jobs but fewer than the 8,000 reported by … Continue reading
NII Holdings Inc (Nextel) / To cut 1,400 jobs
NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of its workforce at its Virginia headquarters. The company said it expected to incur employee severance costs of $25 million to $35 million, most of … Continue reading
UK / JCB creates 2,500 jobs
JCB has unveiled plans to create 2,500 jobs by 2018 in a boost to the government’s plans to create a sustainable recovery. The earthmoving equipment maker is to build two plants – replacing its facility at Rugeley – and expand operations at its Staffordshire headquarters under a £150m scheme unveiled on Friday. Chosen excerpts by … Continue reading
Bank of Montreal (BMO) / To cut 1,000 jobs
Canada-based Bank of Montreal (BMO) has eliminated nearly 1,000 jobs during the fourth quarter of current fiscal, as part of its strategy to trim down operational cost and boost efficiency. BMO chief operating officer Frank Techar was quoted by The Canadian Press as saying, “We did see a big reduction in the head count.” “For … Continue reading
Unilever / To cut 840 marketing jobs
Unilever is planning to cut the number of marketers it employs by 12 per cent globally, about 840 jobs, as part of a company-wide efficiency drive aimed at slashing costs across the business. FMCG giant outlines plans to make division marketing “simpler, leaner, more agile”. Presenting at the FMCG giant’s investor day in London yesterday … Continue reading
France / Unemployment Rate hits 16-year high
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
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