Job Market Monitor
Economy
UK / Supermarket Asda to create 2,500
Supermarket giant Asda has revealed plans to make a £700m investment into its operations in a move expected to create 2,500 jobs. The investments include a new same-day delivery service for food orders, plus an injection of capital into its stores and supply chain. It comes as the Leeds-headquartered retailer, which is Yorkshire’s biggest company, … Continue reading
Imtech / 1,300 jobs cut
Imtech (IMUN.AS) said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company. Total costs related to financial irregularities still being investigated in Germany and Poland rose by 70 million to 370 million … Continue reading
Western Australia / Skilled overseas workers still needed
The resources sector in Western Australia is moving from a construction to operational phase but high levels of new workers are still needed this year and next, including skilled workers from overseas, a new report has found. According to the 2013 State Growth Outlook Study from The Chamber of Minerals and Energy of Western Australia, … Continue reading
Shanghai / Expected job growth making it a the new global financial centre
City workers’ expectations of job growth in London are weakening as it appears Shanghai is becoming the new global financial centre. According to research by Astbury Marsden, 73 per cent of bankers are expecting most new banking jobs to be created in South East Asia with Shanghai seeing the biggest jump in opportunities. Only 11 … Continue reading
IBM / More than 1,200 layoffs
Big Blue is reportedly prepping for layoffs. But will IBM cuts hit Research Triangle Park? Job cuts of between 1,200-1,400 employees are expected over two years in France. There is no word on whether other areas will be impacted. IBM is thought to employ 10,000 in RTP, but they have not disclosed a local headcount … Continue reading
Boeing / To lay off 1,700 and as many as 700 engineers
The Boeing Co. will reduce its engineering workforce by as many as 1,700 people by the end of the year, with 700 engineers facing layoffs, the Everett Herald reported. As many as 100 engineers will receive 60-day layoff notices on Friday, the Herald reported. Mike Delaney, the vice president of engineering for Boeing, told the … Continue reading
US / ‘Price stability’ remains the policy advice even in the face of serious labor market inefficiencies says St. Louis Fed’s Bullard
Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday on “Some Unpleasant Implications for Unemployment Targeters” at the 22nd Annual Hyman P. Minsky Conference. During his presentation, Bullard noted that the U.S. unemployment rate remains high by historical standards and that it has declined about 0.7 percentage points per year from its … Continue reading
Europe / Sabic to Cut 1,050 Jobs
Saudi Basic Industries Corp., (SABIC) the world’s biggest petrochemicals maker, plans to cut about 1,050 positions and close some assets in Europe as the company responds to diminished demand. Saudi Basic Industries, also known as Sabic, has started talks with works councils and trade unions on the plan, it said in a statement today. The … Continue reading
US / Jobless claims broadly in line with monthly job gains of more than 150,000
The number of Americans filing new claims for unemployment benefits rose slightly last week, allaying fears of a major setback in the labor market recovery. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 352,000 the Labor Department said on Thursday. The prior week’s number was revised to show 2,000 more applications … Continue reading
Canada / RBC and job outsourcing, what can be done?
We have a skilled work force whose children are training to be equally skilled. Yet as fast as we graduate people capable of doing valuable and productive jobs, those jobs disappear. Some are simply degraded. These are the full-time jobs transformed into fragile and part-time contract employment. Some, including many that are highly skilled, are … Continue reading
Aviva / To axe 2,000 jobs
Insurance giant Aviva is planning to axe around 2,000 jobs from its UK, European and Asian workforce under cost-cutting plans. The Norwich-based insurance group also announced that from next year, redundancy pay in the UK will be halved from four weeks per year of service to two. Aviva said the job reductions were part of … Continue reading
Namibia / Govt working on a new National Employment Policy
The Ministry of Labour and Social Welfare is working with a multi-sectoral taskforce to develop a new National Employment Policy. The new policy will place special emphasis on ‘green jobs’ and how to link these with other elements for employment creation. “A Green Economy is an area where economic growth and employment creation is possible … Continue reading
More layoffs at Electronic Arts
Electronic Arts has cut more jobs, with the latest layoffs taking place at EA Hyderabad (India) and social game studio Playfish (London). MCV India reports that 50 jobs were cut at EA’s mobile studio in India. The company acknowledged that layoffs took place, but declined to give any further official details. As for Playfish, Develop … Continue reading
Europe / Auto Market contracted in March
European new car sales contracted in March for an 18th consecutive month, industry data showed Wednesday, led by declines in Germany and France. New vehicle registrations in the European Union fell 10.2 percent in March from a year earlier, the European Automobile Manufacturers’ Association reported from Brussels, to 1.3 million vehicles from about 1.5 million … Continue reading
UK / Unemployment rises to 2.56 million
UK unemployment rose by 70,000 to 2.56 million between December and February, the Office for National Statistics (ONS) has said. It pushed the unemployment rate to 7.9%, raising further questions about the UK’s economic strength. The number of people in employment also fell, while earnings growth slowed considerably, according to ONS data. But there was … Continue reading
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