Job Market Monitor
Economy
Canada / Mobility for work at highest level
The number of Canadian workers migrating between provinces in search of jobs has hit its highest level in almost 25 years, according to a Bank of Montreal analysis Continue reading
IMF on the Gulf Region / Labor market reform would boost jobs
A new paper by IMF staff says that comprehensive labor market reforms are needed to reorient the Gulf Cooperation Council (GCC) economies toward greater employment of nationals in the private sector, improve productivity, and support progress toward economic diversification Continue reading
Tribune / To cut 700 jobs across the Chicago Tribune, Los Angeles Times and six other daily newspapers
Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers Continue reading
EADS / To cut up to 8,000 jobs at Airbus Defence & Space
European aeronautics group EADS is planning to cut up to 20 percent of the roughly 40,000-strong workforce at its newly created Airbus Defence & Space division, German news agency dpa reported on Wednesday, citing “informed sources”. A company spokesman declined to comment and said there would be more details announced on Dec. 9, when EADS … Continue reading
US Factory Workers / Wages Stagnate
“What’s being referred to as a recovery in manufacturing is to a large extent a recovery in profitability,” said Dean Baker, co-director of the Center for Economic and Policy Research, a Washington-based group funded by unions and private foundations Continue reading
Alitalia / To cut up to 2,600 staff ?
Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized say union sources Continue reading
Liberia / ‘Growth Without Jobs?’ says Finance Minister
Liberia’s Finance minister Amara Konneh said the bottlenecks in the country’s economy as it relates to inflation and unemployment is structural and that growth potential and employment opportunities was only guaranteed mainly through the private sector and service industries. Konneh asserts that despite experiencing a 7% growth since 2003, the Liberian economy still shows little … Continue reading
Australia / Tax Office to shed 900 jobs
The Australian Taxation Office will cut 900 jobs in the next seven months, staff were told late on Wednesday The Tax Office’s 25,000 workers across Australia were informed by email to expect redundancies as efficiency dividends by the previous Labor government and mandated by the Coalition began to bite. The move paves the way for … Continue reading
Eletrobras / To cut 5,000 jobs in three-year
Brazilian state-run electricity utility Eletrobras expects to save 1 billion reais ($441 million) a year as a result of its employee buyout program, Chief Financial Officer Armando Casado de Araujo said on Monday. The program will cost the company about 1.5 billion reais in severance costs, Araujo said in a conference call with analysts to … Continue reading
Mortgage Jobs in US / Over 15,000 Lost in Third Quarter
It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead. Continue reading
Europe / The Jobs Recovery Is Always Two Years Away
Is the jobs recovery around the corner? A few week ago, the European Commission published its latest economic forecast. Unemployment in the Euro area is projected to drop from 12.2% in 2014 to 11.8% in 2015. This is seemingly good news. The bad news is that the Commission also predicted that unemployment would begin to drop in … Continue reading
Bloomberg / To Cuts 50 Jobs in Newsroom
Bloomberg said it will cut about 2% of staff, or around 50 people in its news division as it struggles to maintain profits in a tough economic environment. Areas including sports, arts and entertainment will see the most cuts according to people familiar with the company\’s plans, although a small proportion of personnel will be … Continue reading
Bosch / Battling to avoid cutting jobs
After being hit hard by stagnation of demand linked to the continent’s debt crisis, Bosch is now battling to avoid cutting jobs at its European plants. In spite of recent growth in emerging markets, Europe still accounts for 57 % of sales and forecasts expect revenues this year to remain below the level achieved in … Continue reading
Ireland / Deutsche Bank to create 700 jobs
Deutsche Bank has announced that it will generate over 700 jobs in Dublin over the coming years Continue reading
Heinz / To Cut 1,350 Jobs, Close Three Plants
HJ Heinz Co., the ketchup-maker owned by Warren Buffett’s Berkshire Hathaway Inc. (A:US) and 3G Capital, said it will fire 1,350 workers as it closes manufacturing plants in North America Continue reading
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