Job Market Monitor
Economy
Barrick Gold Corp / To lay off up to a third of staff
Barrick Gold Corp will lay off up to a third of its corporate staff at its headquarters in Toronto and other offices, sources said, as the world’s top bullion producer intensifies a downsizing plan amid a slump in the price of gold. Continue reading
Yahoo / About 1,000 less employees
Yahoo’s headcount has decreased by about 1,000 employees during Marissa Mayer’s first year, through a combination of attrition and ramped-up performance management, with staffers now getting reviewed on a quarterly basis instead of every year. Continue reading
India / A hard time to find jobs
A survey by US-based Gallup revealed respondents were more pessimist about finding jobs in India in 2012 Continue reading
Ontario / Skills Gaps costs are high and they affect major sectors says The Conference Board
Ontario faces skills gaps in many areas and that these entail significant costs for businesses, individuals, and the province Continue reading
Technology Is Destroying Jobs finds a MIT professor
Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial … Continue reading
Stora Enso Oyj / Cuts 2,500 Jobs
Stora Enso Oyj (STERV) will cut about 2,500 additional jobs, or 9 percent of its total, as Chief Executive Officer Jouko Karvinen reshapes Europe’s biggest papermaker amid shrinking markets for printed media. The reductions announced today don’t include any capacity cuts, the Helsinki-based company said in a statement today. The measures to simplify and streamline … Continue reading
US / Hiring still depressed
Goldman Sachs economist David Mericle explains the importance of this seemingly minor indicator to Fed deliberations on monetary policy: The hiring rate is one of the key indicators for the labor market outlook. The hiring rate dropped sharply during the recession and the layoffs rate spiked. In the last couple of years, the layoffs rate … Continue reading
China / The official unemployment rate is only official
In good times and bad, China’s official unemployment rate has barely budged. It’s now at 4.1% where it has been since the third quarter of 2010. It has hovered around the 4% level since 2002 (though it plummeted all the way down to 3.6% in 2001). It’s not much use to anybody, particularly those who … Continue reading
OneWest / To lay off 725 in Austin
Pasadena, California-based OneWest Bank will lay off 725 workers in Austin, according to a Worker Adjustment and Retraining Notification Act filing with the Texas Workforce Commission. The layoffs will take place through August 31, 2013, and will affect mostly call center workers. The move is the second-largest layoff in Texas this year, according to the … Continue reading
Commerzbank / To cut thousands of jobs worldwide
Germany’s second biggest lender, Commerzbank, has struck a deal with the staff council about planned layoffs. The cuts are to lay the ground for a profitable retail banking business. Germany’s partly state-owned Commerzbank has reached a deal with its staff council to cut 5,000 jobs globally, the business newspaper “Handelsblatt” reported Tuesday. The lender warned … Continue reading
India / Poorer states creating most jobs
Most of the poorer, less industrialized states like Jharkhand, Chhattisgarh and Bihar appear to have done well in increasing their work force in the past decade according to recently released Census 2011 data. Surprisingly, richer or more urbanized states like Punjab, Haryana and Kerala have lagged far behind in job creation. But if you take … Continue reading
India / Will the world’s most populous country by 2028 reap a ‘demographic dividend’ ?
Given the one-child policy’s lock on China’s fertility, nobody expected it to remain the world’s most populous country forever. India had been projected to grab this title by 2045 or even 2035. But a new UN report notes that we are hurtling towards this ‘takeover’ faster than anticipated and will become the world’s most populous … Continue reading
Symantec / Cutting Up to 1,700 Jobs
Security software company Symantec may lay off as many as 1,700 employees as early as today, sources familiar with the company’s plans tell AllThingsD. The cuts are part of a company-wide reorganization first announced in January as part of a turnaround plan instituted by Steve Bennett, Symantec’s new CEO, who joined the company 11 months … Continue reading
US / Wage stickiness might be dying out
A new paper by a trio of researchers confirms some old news: Adjusted for inflation, wages began stagnating for both men and women 10 years ago. Men’s wages have actually decreased slightly since 2000, while women’s wages, which had been rising steadily for decades, flattened out nearly to zero. But it could have been worse. … Continue reading
Bombardier / To cut more than 1,400 jobs at its railcar plant in Derby, England
Siemens AG, Europe’s largest engineering company, sealed a $2.5 billion contract to provide carriages for a London rail link, beating Bombardier Inc., which is cutting jobs at its plant in England. The order to provide 1,140 new carriages for use on the Thameslink line will be awarded to a consortium led by Munich-based Siemens, the … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 