Job Market Monitor
Economy
State Street Plans to cut 630 Jobs
State Street (STT) logged a stronger-than-expected 23% jump in fourth-quarter profits on Friday thanks to higher fees, but the custody bank also disclosed plans to slash more than 600 jobs around the world. Choosen excerpts by Job Market Monitor from via State Street Grows 4Q Net 23%, Reveals Plans to Axe 630 Jobs | Fox … Continue reading
Tulsa / Verizon to add 500 jobs
Verizon will soon add a financial services hub to its Cherokee Industrial Park facility, a move that will add 500 jobs to the area. The announcement was made Friday morning, and scheduled to include an appearance by Gov. Mary Fallin. When complete, Verizon’s financial services hub will handle accounts payable, accounting and other financial activities. … Continue reading
US / Job Gap / President Elected Jobs Council without official meeting for a year
President Barack Obama’s Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President’s Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for … Continue reading
Sweden / One in four compagnies planning layoffs
A gloomy outlook for Europe and Sweden was the main reason behind almost 25 percent of companies stating that job cuts were high on the list of cost saving measures this year. This is an increase of more than 30 percentage points compared to a similar survey from last year. The report was produced by … Continue reading
United Paper Mills-Kymmene, Europe’s second largest paper firm, to cut 860 jobs
Europe’s second largest paper production firm intends to cut 860 jobs worldwide after the eurozone crisis reduced the demand for paper. The struggling European economy has affected the use and need for paper, the Finland-based UPM (United Paper Mills)-Kymmene said on Thursday. The supply of graphic papers has significantly outweighed the demand in Europe. “The … Continue reading
Rhode Island / Electric Boat to add 600 jobs
The president of General Dynamics subsidiary Electric Boat says the company intends to hire 600 more workers at its Quonset Point shipyard in Rhode Island during the next three years. According to The Providence Journal , Electric Boat President Kevin Poitras told public officials in Warwick yesterday that the company plans to add up to … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Ireland / New scheme to put long-term unemployed to work planned
A NEW scheme to put long-term unemployed to work as council workers is being planned by the Government. Up to 3,000 people on the dole for more than two years will be put to work at street cleaning, cutting grass and carrying out road works. The Cabinet will hold a meeting today where a wide … Continue reading
Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India
Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
Australia / Unemployment rate increased 0.1 percentage points to 5.4 per
Australia’s seasonally adjusted unemployment rate increased 0.1 percentage points to 5.4 per cent in December, as announced by the Australian Bureau of Statistics (ABS) today. The ABS reported the number of people employed decreased by 5,500 to 11,538,900 in December. The decrease in employment was driven by decreased full-time employment, down 13,800 people to 8,112,500 … Continue reading
Puerto Rico / A plan to create 50,000 jobs
Puerto Rico’s new governor strode onstage wielding a baseball bat on Wednesday as he unveiled a long-awaited plan to help create thousands of jobs on an island struggling to emerge from a financial crisis. Alejandro Garcia Padilla signed a new law called “Jobs Now” in front of hundreds of business owners and dozens of government … Continue reading
Lockheed / Another 150 workers at Fort Worth
An additional 150 workers at Lockheed Martin Aeronautics in west Fort Worth received pink slips today, more than doubling the number of layoffs since the first of the year. Employees at the plant have been told that their last day of work is expected to be Jan. 25, Lockheed spokesman Ken Ross confirmed in an … Continue reading
Update – Montréal / Cirque du Soleil / 400 jobs cut
Cirque du Soleil has announced it will lay off about 400 people between January and March. On Wednesday, the company said the first round of layoffs would happen before the end of the month. Cirque spokeswoman Renée-Claude Ménard said at least 50 per cent of the cuts will be taking place at the company’s Montreal … Continue reading
Scotland / Blockbuster / 300 jobs at risk
THOUSANDS of jobs are at risk after DVD rental firm Block-buster UK yesterday became the latest high street chain to go into administration. The company, which employs 4,190 staff, including more than 300 in Scotland, follows music retailer HMV, which called in administrators earlier this week. The Uxbridge-based business, which opened its first store in … Continue reading
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