Job Market Monitor
Economy
Barclays / To cut 1,700 branch network jobs says Unite union
British bank Barclays (BARC.L: Quote) is cutting 1,700 jobs from its branch network as it moves to increase automation across its branches, the Unite union said on Thursday Continue reading
Npower – RWE / To cut 6,750 jobs across Europe
German power giant RWE will cut 6,750 jobs across Europe and reduce costs by another 1bn euros, to help deal with low wholesale prices for energy and an increase in renewable capacity Continue reading
UK / Blockbuster to cut 452 jobs and close 72 UK outlets
Appointed administrators to Blockbuster have announced plans to close 72 of its 264 outlets with the loss of 452 jobs Continue reading
Lockheed Martin / To Cut 4000 Jobs
Lockheed Martin (NYSE: LMT) announced today that it will close and consolidate several of its U.S. facilities and reduce its workforce by 4,000 positions Continue reading
Liepajas Metalurgs / To cut 1,500 jobs
Up to 1,500 workers at one of Latvia\’s biggest companies will be laid off this month, reports LETA. Officials at Liepajas Metalurgs, a metallurgical company, made the announcement on Wednesday, Nov. 13. It follows after an insolvency case was launched against the financially troubled company. ”No more than 300 essential employees are expected to remain … Continue reading
UK / Jobless rate falls to three-year low
The unemployment rate fell to 7.6%, the lowest rate in more than three years. Continue reading
Newsrooms in US / The ranks of photographers, artists and videographers have been trimmed by nearly half since 2000
The ranks of photographers, artists and videographers have been trimmed by 43% —from 6,171 in 2000 to 3,493 in 2012, according to ASNE. Continue reading
Yellow Media / To cut 10 percent of workforce
Canadian telephone directory publisher Yellow Media Ltd said it will cut 10 percent (about 300 positions) of its workforce as it sharpens its focus on its digital business. Continue reading
Gulf Arabs states / One-Million Jobs Gap IMF says
One million nationals of oil-rich Gulf Arabs states may be jobless or seeking careers in a bloated public sector by 2018 unless measures are taken to create more private sector jobs, the International Monetary Fund said Continue reading
US / International students supported 313,000 jobs in the 2012-2013 academic year
International students in the United States and their families supported 313,000 jobs and contributed US$24 billion to the economy in the 2012-2013 academic year according to the latest estimates by NAFSA: Association of International Educators Continue reading
Women in Turkey / Employment on the rise in urban areas
Some 1.5 million new jobs have been created in the last four years for women in non-agricultural sectors in urban areas, according to an employment report released by the Economic Policy Research Foundation of Turkey (TEPAV) yesterday. While some 3.4 million women worked in non-agricultural sectors in June 2009, this number increased to around 4.9 … Continue reading
Australia / Unemployment rate at 5.7 per cent, from from 5.6, as participation rate remains seven-year low
The ABS has revised September’s jobless figure from 5.6 per cent to 5.7 per cent, meaning the jobless rate has held effectively held steady for the past two months Continue reading
Greece / More layoffs ‘required’ say EC, ECB and IMF
The representatives of the European Commission, the European Central Bank and the International Monetary Fund, however, are deaf to his warnings. They are demanding additional belt-tightening measures, including more layoffs. Continue reading
Dominick’s in Chicago / 5,600 layoffs
Dominick’s officially notified the state on Oct. 30 that it is closing all of its Chicago-area stores Dec. 28, affecting a total of 5,633 workers. Continue reading
(Update) US Job Report / Job creation picks up despite government shutdown
Job creation picks up despite government shutdown. Indeed, furloughed workers are counted on the payroll. But the household survey says something else: a drop of -735,000 in the number of people employed. Furloughed are counted as unemployed in the household survey. Continue reading
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