Job Market Monitor
Economy
Irving / Layoffs at Halifax shipyard
The Irving Shipyard in Halifax will begin laying off part of its workforce by the end of September as the site prepares for $300 million in renovations to start building a new fleet of navy ships. Scott Jamieson, vice-president of programs at the shipyard, says the move is necessary to proceed with the construction of … Continue reading
Wells Fargo / To cut 2,300 mortgage jobs
Wells Fargo is cutting thousands of jobs in its mortgage business as the biggest home lender in the US prepares for a further drop in demand for new mortgages, writes Tracy Alloway. The San-Francisco-based bank, also the largest in the US by market value, plans to trim 2,300 positions in its mortgage production unit, a … Continue reading
Florida Power & Light / To cut 1,000 positions
Florida Power & Light and its sister company, Nextera Energy Resources, plan to eliminate about 1,000 positions nationwide over the next two years. The utility announced the cuts Wednesday. It includes 6.7 percent of the companies’ combined workforce. An FPL spokesman said only about 160 workers will lose their jobs. The remaining cuts will come … Continue reading
UK and Ireland / Threat To 250 Jobs At Heinz
Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland Continue reading
Canada / Conservation could create 25,000 jobs by 2025
Slashing energy consumption by a quarter over the next decade or so could create 25,000 new jobs, concludes a report by a coalition of environmentalists and unions Continue reading
US / 75 Percent Of Jobs Created This Year Were Part-Time
U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid Continue reading
Spain / Nationalized bank plans 2,453 layoffs
Nationalised Spanish lender Catalunya Banc plans to lay off 2,453 workers, nearly a third of its workforce, under a eurozone bailout deal for Spain’s banks, a union source said on Tuesday Continue reading
Sears Canada / Cutting 245 jobs with Offshoring IT
Sears Canada (TSX:SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas Continue reading
BlackBerry in Waterloo / Slashes another 100 jobs on top of 250
Another 100 people have been laid off in Waterloo by mobile phone maker BlackBerry, the company says Continue reading
US / More Nonwhites Than Whites Say Jobs the Top Issue finds Gallup
One in four Americans name the economy as the most important problem facing the country today, followed by unemployment and jobs at 19%, and dissatisfaction with government at 17% Continue reading
Mekon River / Xayaboury dam creates 5,600 construction
So far, the US$3.5 billion project has employed more than 7,000 people, up to 80 percent of whom are Lao nationals. Continue reading
Sharp / To cut 11,000 jobs
Kyodo news has reportedly obtained Sharp’s restructuring plan, revealing plans to cut approximately 11,000 jobs worldwide Continue reading
Philips / to cut an extra 2,200 jobs
Philips Electronics announced today that it plans saving measures that will impact approximately 2,200 positions globally. Continue reading
Anglo Platinum / Job-reduction target cut by 31%
Lowering the headcount to 4,138 at most, less than a target of 6,000 jobs. Continue reading
Peru / Unemployment rate rises unexpectedly
The unemployment rate in Peru rose unexpectedly last month, official data showed on Thursday. In a report, INEI Peru said that Peruvian Unemployment Rate rose to a seasonally adjusted 6.0%, from 5.8% in the preceding month. Source: via Peruvian unemployment rate rises unexpectedly – Investing.com.
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