Job Market Monitor
India
Eurozone: India and China contributed 95 percent of the jobs created by the BRIC nations
As Eurozone companies fight recession, India and China contributed 95 percent of the jobs created by the BRIC nations after the US, which led the employment generation, according to a recent survey. The number of jobs created by BRIC investors in Europe increased by 8 percent in 2011, with India and China together accounting as … Continue reading
Barclays to cut 600 jobs in India
Barclays India will slash up to 600 positions by March next year as it cuts down on its lending activities, bank sources said. This, however will not translate into an equal number of job losses as some of them will get accommodated within the company, apart from natural attritions over a nine-month period when the … Continue reading
Indian IT companies halt lateral hiring
Campus recruitment for entry-level jobs is still on, lateral techhiring seems to have come to a near halt with many IT firms giving fresh instructions to third party … Link: http://bit.ly/KHxXkD
Infosys Delays Hiring of Entry-Level Staff
India’s Infosys said the process of completing the hiring of entry-level employees who have already been offered jobs is likely to be delayed by three months…. http://online.wsj.com/article/SB10001424052702303703004577474130517616906.html Envoyé via Flipboard, votre magazine social pour l’iPad et l’iPhone. Envoyé de mon iPad
In The News | World growth and U.S. employment,India, layoffs at BAE, GM and Hewlett Packard, IT Hiring, Employment Insurance in East Canada, Zambia and More
World growth at risk as U.S. employment stumbles ottawacitizen.com – WASHINGTON/LONDON – The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing fallin… JobMarketMon BAE Systems to axe 600 jobs | Business guardian.co.uk – BAE Systems has announced plans to close an historic factory … Continue reading
In The News | Labor Market Mismatch and, Job Cuts Surge 67% in U.S., Teachers Layoffs Continue, Olympus Cuts 2,500 jobs, Benefits Cuts For Seasonal Workers in Canada and NJ and More
Unemployment is a labor market mismatch – Economics – AEI aei.org – After an unexpected upswing at the beginning of this year, the labor market appears to be back in the doldrums again. The month-on-month employment increases of 200,000-240,000 workers in December,… JobMarketMon US May Job Cuts Surge 67% From A Year Ago -Challenger – WSJ.com … Continue reading
India | SKS to cut 1,200 jobs
SKS Microfinance Ltd(SKSM.NS), the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses. SKS’ business in Andhra Pradesh, which was a microfinance hub earlier, has been hit after the state government imposed a set of … Continue reading
India | Accor to hire over 1,100 employees
Hospitality firm Accor today said it will hire 1,100 people in India this year to meet the needs of its growing network. The company plans to operate 90 hotels in India by 2015. It already has 3,600 employees here, the company said in a statement. “We expect to create significant job opportunities across all segments … Continue reading
Brain Drain | India top exporter of skilled immigrants to Australia
India has climbed to the top of the charts as the top source country for skilled permanent migrants to Australia. Chris Bowen, the Australian immigration minister who is visiting India, told TOI, “The strongest link between Australia and India is peopleto-people through immigration . India has for several years been our third largest source of … Continue reading
India | 2,5 M jobs created in labour intensive sectors
Over 25 lakh jobs were created in the country between October 2008-December 2011 in selected labour intensive and export oriented sectors, like textiles, the Rajya Sabha was informed today. “According to the survey results, overall estimated employment in all selected sectors has experienced a net addition of 25.84 lakh from the first survey (October, 2008 … Continue reading
Reverse Brain Drain | India, China next destination
The booming markets of India and China, where a new war for professional talent is hotting up, will see incredible opportunities for Western professionals, a noted marketing expert has said. “The new war for professional talent is hotting up like never before and will see huge and developing opportunities for westerners looking for jobs in … Continue reading
A Juxtaposition of news to see where are the new jobs
Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading
Reverse Offshoring | Indian firms creates jobs in US
Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading
Tieto | No job cuts in India after 1300 worldwide
Following the 1300 jobs cuts it announced worldwide, Helsinki, Finland-based IT services company Tieto Corporation is looking to provide full lifecycle of IT services in consulting and system integration, along with product engineering. Out of its 18000 global workforce, 1700 or about 10% work in India, where it will not cut jobs, but will focus … Continue reading
Higher Education in India | To double the enrollment ratio from 17% to 30% by the year 2020
Higher education in the country is set to get a boost with the HRD ministry finalising plans worth Rs. 80,000 crore inorder to improve access to colleges and universities. The UPA government has embarked upon an ambitious plan to double the gross enrollment ratio (GER), from present around 17% to 30% by the year 2020. For … Continue reading
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