Job Market Monitor
Economy
Sweden / Manufacturers cut thousands of jobs
Two of Sweden’s manufacturing heavyweights unveiled plans to cut thousands of jobs Continue reading
Electrolux / To cut 2,000
Swedish home appliances company Electrolux (ELUXb.ST) announced 2,000 job losses and launched a new round of cost cuts to counter tough market conditions in Europe Continue reading
US / 2.9 job seekers for every job opening, first time in nearly five years the ratio fell below 3.0
In a labor market with strong job opportunities, the ratio would be close to 1-to-1, as it was in December 2000 (when it was 1.1-to-1) Continue reading
France / Jobless claims surge to record high
French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande\’s pledge to quickly reverse rising unemployment. However, the Labour Ministry attributed the rise largely to the inclusion of some unemployed people omitted from … Continue reading
Hewlett-Packard (HP) / To cut 7,100 jobs in Europe
“HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers,” the statement read Continue reading
Bank of America / To cut 3,000 mortgage jobs
Bank of America Corp is looking to cut 3,000 mortgage jobs before the end of the year Continue reading
Panasonic / To cut 7,000 jobs in chip business
Panasonic Corp. plans to cut up to 50 percent of the workforce in its semiconductor business — 7,000 employees — by March 2015 and sell off some of its factories Continue reading
Broadcom / Cutting 1,150 jobs
Broadcom said that during the third quarter it started a restructuring plan to reduce expenses, including cutting its workforce by up to 1,150 employees. Like larger Intel, Broadcom has been slow to launch chips featuring multimode, carrier-validated LTE, or Long Term Evolution, a technology allowing fast data transfer rates in smartphones that has become widely … Continue reading
Afghanistan / 82 percent of Afghans are illiterate
Most Afghans cannot find permanent work, and even temporary work is drying up as international aid money Continue reading
Boston Scientific / To cut up to1,500 jobs
Boston Scientific Corp. is planning to cut 1,100 to 1,500 jobs through 2015 Continue reading
India’s Mobile Economy / 730,000 direct jobs and an additional two million jobs in sale and distributors
GSMA is the global association for mobile companies. It came out with an India specific report “Mobile Economy India 2013″ Continue reading
US / Government shutdown costs 120,000 jobs in October says President’s chief economic adviser s
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said. An analysis of daily and weekly economic data through Oct. 12 showed weakness in such areas as retail sales, economic confidence and mortgage applications, some of … Continue reading
Caterpillar / Has cut more than 13,000 jobs over the past year
“We’re looking at mining continuing to falter into 2014” says Caterpillar’s Chairman and Chief Executive Continue reading
Poland / A country of cheap labour ?
That was the perception of a majority of CEOs of multinational corporations who were asked in a recent survey Continue reading
Germany / Record employment this year and next according to Economy Minister Philipp Roesler
Germany said Wednesday its robust economy would fuel record employment this year and next as well as boost consumer spending and industrial investment Continue reading
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