Job Market Monitor
Economy
US / ‘Job-Full’ Recovery begins ?
Today, Capital Economics’ Paul Dales declares that era over. We have officially entered the “job-full recovery” era Continue reading
Ghana / Mining companies to trim operations by 3,500
More than 3,500 permanent jobs will be lost in an industry that has enjoyed a decade long boom as falling gold prices and rising cost blight the industry Continue reading
Hungary / Panasonic closes plant, 550 jobs cut
Japanese electronics giant Panasonic said Friday it will close its only European solar cell plant in Hungary, resulting in the loss of 550 jobs. The assembly factory will end production in September before its official closure in March, a Panasonic spokeswoman in Tokyo said. But the firm will maintain its overall global solar cell production … Continue reading
Canada / Employment was virtually unchanged after the biggest gain in a decade last month
Canada – In June, employment was virtually unchanged and the unemployment rate remained at 7.1% Continue reading
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people
Bank of Cyprus aims at reducing the workforce by 1,200 to 1,500 people Continue reading
Austria / Nearly 3,500 jobs at risk at drug store chain Dayli
Austrian drug store chain Dayli filed for court-supervised restructuring on Thursday saying nearly 3,500 jobs were at risk Continue reading
SMA Solar Technology AG / To layoff 800
SMA Solar Technology AG (SMA) announced a gradual downsizing of 700 full-time positions in Germany Continue reading
Allstate / To Cut 379 Jobs and Close Call Center
Allstate Corp. (ALL), the largest publicly traded U.S. home and auto insurer, said it will cut about 379 employees next month, or about 1 percent of its workforce, by closing a call center in Woodridge, Illinois Continue reading
Ulster Bank / To cut up to 1,800 jobs
Royal Bank of Scotland’s troubled Ulster Bank arm announced up to another 1,800 job cuts and around 40 branch closures under plans to return it to profit within the next three years Continue reading
PSA-Peugeot-Citroen Offshoring / A 3rd China plant
PSA/Peugeot-Citroen opens a third assembly plant in China today, expanding in the world’s largest vehicle market even as a slump in European demand prompts it to cut jobs at home Continue reading
UK / Financial services shed 10,000 jobs in three months
The financial services sector is thought to have shed 10,000 jobs in the three months to June despite strong growth in business volumes, the CBI employers’ group and PwC have reported. The industry expects to create 1,000 jobs in the next quarter, according to the latest survey of 94 companies by the CBI and PwC, … Continue reading
US Medical Device / Widespread Layoffs Leave Med Tech Shaky
Sizable layoffs this year from the likes of Medtronic, Boston Scientific, and Abbott Vascular, among others, have undeniably rattled the medical device industry Continue reading
US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)
When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month. This is consistent with the Fed not raising rates until 2015 … Continue reading
EU Staff / 2,500 jobs to go in austerity deal
Two thousand five hundred EU officials are set to lose their jobs in the next four years as part of new austerity measures for EU institutions Continue reading
Eurozone / Unemployment hits record high
Unemployment across the 17 eurozone states hit an all-time high in May Continue reading
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