Job Market Monitor
Economy
Saudi Arabia / Half of firms not hiring enough nationals
Almost half of all companies in Saudi Arabia are failing to comply with rules on employment of citizens, a source at the kingdom’s Ministry of Labour was quoted as saying. Speaking to English language Arab News, the source said 48 percent of 248,828 firms based in the Gulf Arab state are currently classified in the … Continue reading
UK / Jaguar Land Rover to create 700 new jobs
Jaguar Land Rover is to invest a further £150m to double the size of its unfinished engine plant in the West Midlands, creating 700 additional jobs. The company aims to raise the eventual number of jobs on the i54 business park on the Staffordshire-Wolverhampton border to more than 1,400. The first engines are scheduled to … Continue reading
Europe / Older workers: Neither the Member States nor the Commission are in a position to establish results
Member States and Commission cannot assess if programmes actually help – say EU Auditors Increasing the employment rate of older workers is part of the EU’s strategic goals. But a new report by the European Court of Auditors has found that neither the Member States nor the Commission are in a position to establish how … Continue reading
US / 5 Myths About the Minimum Wage
Myth #1: Hordes of Minimum-Wage Workers Very few Americans are actually working for the federal minimum wage—it’s just 2.9 percent of all workers in the United States. In other words, 97 percent of American workers make more than minimum wage. Myth #2: The “Working Poor” Getting By on Minimum Wage More than half of minimum-wage … Continue reading
India / 14 mn jobs lost in agriculture and 5 mn in manufacturing jobs between 2005 and 2010
As many as 14.08 million jobs were lost in the five-year period ended in 2009-10 in the agriculture sector which engages almost 60 per cent of the workforce in the country. The job losses in the manufacturing sector during the five year period from 2004-05 to 2009-10 was 5.03 million as per the draft 12th … Continue reading
US Insurance Industry / 16,000 Jobs Open with an Aging Workforce
In a comprehensive survey of 173 insurance companies, including phone interviews with agents and brokers, third party administrators and managing general agents, GreatInsuranceJobs.com reports 16,000 open and available jobs across the nation in the insurance industry. On top of that, the survey projected an additional 23,000 more by the end of this year. The survey … Continue reading
US / General Dynamics: 1,400 layoffs
General Dynamics (GD.N) NASSCO, a primary constructor of ships for the U.S. Navy, warned about 1,040 employees on Monday of indefinite layoffs that may come in late April due to uncertainty created by the automatic U.S. budget cuts that took effect last week. Chosen excerpts by Job Market Monitor via General Dynamics unit, others issue … Continue reading
Toronto Star / To cut 55 jobs for the moment
Economic pressures have prompted the Toronto Star to plan staff cuts of up to five per cent and consider outsourcing the bulk of its page production work, the company announced Monday. Spokesman Bob Hepburn said the country’s largest daily newspaper is currently in discussions to transfer most of its print page design operations to Pagemasters … Continue reading
Florida / Northrop: 920 new jobs
Northrop Grumman Corp. said Monday it plans to add 920 jobs to its operations in Melbourne as part of a companywide realignment, nearly doubling the Brevard County plant’s current work force and making Florida a winner — at least for now — in the defense industry’s latest consolidation. Falls Church, Va.-based Northrop selected the Melbourne … Continue reading
EU / 1.85 million unfilled vacancies
The European Commission today published two reports analyzing the skills needed in Europe since there are 1.85 million unfilled vacancies throughout the EU. The European Vacancy Monitor and the European Job Mobility Bulletin aim to draw attention on existing vacancies in various fields in order to promote employment opportunities and boost growth. The European Job Mobility Bulletin indicates that … Continue reading
European Commission / Grand Coalition for Digital Jobs launched to address up to 900 000 job vacancies
Commission President José Manuel Barroso today called on Europe’s digital businesses, governments, training and education sectors to join a Grand Coalition for Digital Jobs to address up to 900 000 job vacancies expected to exist in Europe in Information and Communication technologies (ICT) by 2015. Despite the current levels of unemployment, the number of digital … Continue reading
Greece / Creditors discuss public sector layoffs
Officials say talks this coming week between crash-strapped Greece and its international creditors will focus heavily on the possibility of public sector layoffs. Representatives of the creditors – the European Commission, the European Central Bank and the International Monetary Fund – held preliminary talks with Greek finance officials Sunday but reached no decisions. Three Finance … Continue reading
China / More than 95 percent of graduates from polytechnics or vocational schools have a job
The employment rate for graduates from polytechnics or vocational schools is more than 95 percent, higher than that for their college counterparts, according to a report by the Ministry of Education on middle-level vocational education. The message is such schools provide the right people with the right skills for enterprises and they meet the needs … Continue reading
Lloyds Banking Group’s study claims oil and gas jobs bonanza
Oil and gas firms could create up to 34,000 jobs over the next two year, according to a study from Lloyds Banking Group. The bank said 77% of companies in the sector it surveyed were planning for growth in 2013-14. Most firms (86%) saw expansion coming from organic growth rather than from mergers and acquisition. … Continue reading
India / AirAsia Hiring
AirAsia India, the new joint venture airline that AirAsia Bhd and Tata Sons Ltd propose to launch has started approaching top aviation executives in India, as it attempts to build its team ahead of a nod from the government, according to two people familiar with the matter who asked not to be identified. The fate … Continue reading
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