Job Market Monitor
Israel
Israel Defense Forces / To cut 4,500
Hebrew daily “Yediot Ahronot” reports that the IDF will fire 4,500 career officers and NCOs by the beginning of 2015 in order to cut costs Continue reading
Israel / GE planning wide-scale layoffs
Corporation to fire about half of 500 employees in healthcare division’s R&D centers in Israel, company worker tells Ynet. Management sources say only 10% of workforce to be dismissed According to a company source, more than half of the division’s 500 employees in all research and development centers in Israel will be fired. The company … Continue reading
Israel – Unemployment drops despite record layoffs
Despite a three-year high in layoffs in July 2012, following steady increases in layoffs in the previous months, the Central Bureau of Statistics today reported that the unemployment rate among persons over the age of 15 fell to 6.5% in July from 7.1% in June and 7% in the second quarter. Participation in the labor … Continue reading
Israel’s revised jobless rate goes up
Israel’s move to bring its economic statistics in line with leading Western countries has led to a far bleaker picture of its jobs market, undermining claims that the country is riding through the global crisis with relative ease. The Central Bureau of Statistics on Monday unveiled a new employment survey – a reworking of past … Continue reading
Israel | 20% jump in unemployment after a switch to the OECD harmonized definition
Israel’s top economic officials were utterly bewildered by the 20% jump in unemployment after a switch to the OECD harmonized definition. Since last weekend, when the change was revealed, none of the country’s leading economists has been able to explain how a different measuring method jacked up the numbers. On Monday the head of the … Continue reading
As Leumi cuts 800 jobs, bank chiefs plan gala in London – Haaretz Daily Newspaper | Israel News
As Bank Leumi gears up to ax 800 jobs, its management is preparing to fly to London to celebrate the bank’s 110th birthday next Monday. The bash will take place in the old London city hall building, which was erected in 1411 and today serves as a banquet hall. The date for the event was … Continue reading
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