Job Market Monitor
Economy
Apple / Foxconn Hiring 90,000 Workers
The Taipei Times is reporting that Hon Hai, known as Foxconn in America, is recruiting 90,000 Chinese workers for its Shenzhen, China production complex in order to meet demand by Apple Continue reading
Valeant Pharma ( Bausch & Lomb ) / To cut 10-15 percent jobs
Canada’s Valeant Pharmaceuticals International Inc (VRX.TO: Quote) (VRX.N: Quote), which has offered to buy Bausch & Lomb Holdings for $8.7 billion, said it may slash 10 to 15 percent of the combined company’s workforce. Valeant, which expects to get regulatory nod by early August, said severance plans for the United States and Canada have been … Continue reading
UK / Nine out of the 10 easiest areas to find a job were in south
Almost half of all UK job vacancies were in London and southeast England last month, raising fears that any jobs growth on the back of the recovering economy could widen the regional divide Continue reading
US / The Automatic Spending Reductions : Employment would be 0.3 million to 1.6 million higher otherwise finds CBO
Canceling the automatic spending reductions effective August 1 would increase outlays relative to those under current law by $14 billion in fiscal year 2013 and by $90 billion in fiscal year 2014 finds CBO Continue reading
UK / Bentley to create 1,000 jobs
More than 1,000 jobs are to be created in the UK to keep up with the development of luxury car firm Bentley’s new model. The automaker announced its fourth SUV model is to be built at its plant in Crewe with an investment of £800 million. The car will go on sale to motorists and … Continue reading
General Electric / To cut 600 jobs in France
General Electric is to cut 600 jobs in France, mostly at its finance arm, a union official said on Friday, as it seeks to cut back on the division’s activities in the wake of the banking crisis Continue reading
Wall Street / Biggest Job Cuts Yet to Come ?
Wall Street firms must cut more jobs to boost their return on equity and satisfy shareholders, said Meredith Whitney, a banking analyst and founder of Meredith Whitney Advisory Group LLC Continue reading
BlackBerry / 250 layoffs in product testing
BlackBerry Ltd. – A total of 250 employees at the company’s New Product Testing Facility in Waterloo were given notice earlier this week Continue reading
The Skills Gap / What Can Government Do
In Greece and South Africa, more than half of young adults are out of work. In much of the Middle East, the figure is 25 p.ercent; in the United States, it’s about one in six. Yet at the same time, businesses complain that they can’t find enough workers. What’s going on? Continue reading
Canada / Sun Media continues death by 1,000 cuts says CWA
Death by a thousand cuts continues apace at Sun Media, which today announced it is shuttering 11 titles and axing 360 jobs says CWA Continue reading
Russia / Automakers have cut jobs by 30% over 5 years
Over the past five years the number working in the Russian vehicle production fell by 29%. Output increased by 24% proving the sector has become more productive. Since April 2012 car manufacturers cut 5% of their work force bringing the total number employed to 244,000, business daily Vedomosti reports. Most jobs were cut after the … Continue reading
G20 / Put job creation at the heart of the global recovery writes US Treasury secretary
When the finance and labour ministers of the Group of 20 leading nations gather in Moscow, getting people back to work must be top of the agenda writes U.S. Treasury Secretary Jacob Lew Continue reading
Greek unemployment rates at new high: 26.9 percent and youth 57.5 percent
Greece- Unemployment rose to 26.9 percent from 26.8 percent in March, the highest reading since statistics service ELSTAT began publishing jobless data in 2006 Continue reading
US Mining / Drummond to lay off 425 mine workers
(Chosen excerpts by Job Market Monitor) – Up to 425 miners for the Drummond Co. in US , Jefferson and Walker counties will be laid off starting Sept. 9, according to media reports. The reports cite a notification that the Birmingham company is required to file with the state. Drummond said in a letter sent Monday to … Continue reading
BlackBerry / Planning to cut a large share of jobs
Research In Motion is planning to cut a large share of jobs — mostly middle management — on top of the 5,000 employees it laid off last fiscal year. Continue reading
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