by Daniel Altman. Excerpt: When Americans go to the polls this November, they’ll be looking for some payback. The Great Recession supposedly ended in June 2009, but what followed was hardly the kind of bounce that usually put the economy back on its feet. Rather, in the following two years the economy produced about two … Continue reading
Job advertising fell 0.8 per cent in July, after a drop of 1.1 per cent in June, the ANZ job advertisements survey showed on Monday. The data places advertisements 9.1 per cent weaker than a year ago. The weakness is most noticeable in newspaper advertisements, which fell 3.2 per cent compared with June, while internet … Continue reading
South Korean brokerage houses are slashing workforces as Europe’s debt crisis and the global economic slowdown bite into their profitability and their trading activities, sources said Monday. The total number of employees at 63 local brokerage firms reached 42,388 at end-March this year, down 0.7 percent from three months earlier, according to the data from … Continue reading
Hang Peng, Beijing, said, “This bachelor degree certificate used to be a magic key for Chinese grads to a high-paid job. But now, for many of them here, its really little more than permission to rent a bed in a job-seekers’ dormitory. This is a three-room apartment. But it’s been transformed into a crowded dorm … Continue reading
The filming of a new Tom Cruise blockbuster at a studio near Watford will create 500 jobs, Chancellor George Osborne said as he appealed to technology businesses to invest in the UK. Science fiction thriller All You Need Is Kill, which also stars English actor Emily Blunt, is to be made at Warner Brothers’ £100 … Continue reading
Gov. Pat Quinn says Walgreen Co. plans to expand its operations in Illinois and create 500 jobs over the next three years. In announcing the expansion Friday, Quinn and Walgreen said the agreement is part of the “Invest Illinois Initiative.” Under the terms of the deal, Walgreen will also be eligible for tax credits tied … Continue reading
Auto makers in Brazil that benefited from a cut in what is known as the IPI tax can’t reduce employment while the tax cuts are in effect, Brazil’s Finance Ministry reiterated Friday. Some interpreted the statement as a direct message to General Motors Co. (GM), which is considering shutting down production at one of its … Continue reading
Layoffs are reportedly underway at Warner Bros. Games Seattle. According to various reports, an unknown number employees have been let go this morning from WB Seattle, which also includes Monolith Productions, Surreal Software, and Snowblind Studios… via Layoffs Hit Lord of the Rings Developer – IGN.
BBC Readers sent in a rich response to last week’s Magazine piece about inflated job titles. Here, they share some of their most important-sounding, obscure and sometimes downright bizarre titles, past and present. My job title is director of life enrichment. It sounds: ambiguous overwhelming unbelievable and also impressive Quite a responsibility – endeavouring … Continue reading
As Lorraine Mitchelmore rushed from a speaking engagement out into a hot June afternoon, the president and country chair of Shell Canada Ltd. paused to consider Alberta’s never-ending shortfall of skilled workers. “There’s a decade of projects that we’ve got in front of us,” she said, standing in the lobby of Calgary’s Delta Hotel on … Continue reading
In an industry that now employs 22 percent fewer workers than it did just five years ago, automotive employers are finding they must search extensively to fill job openings. The market for skilled workers and the global competition for talent will be the focus of “Surviving the Skills Shortage: Hiring Strategies and Solutions” at the … Continue reading
Both developed and emerging economies face a serious future challenge of generating a large quantity of jobs as well as ensuring that these are of quality, says Deputy Prime Minister Tharman Shanmugaratnam. “If you connect the dots, across the advanced world and for much of the developing world, you have to conclude that the key … Continue reading
The orchestra stunned the arts community when it became the first major U.S. orchestra to file for Chapter 11 bankruptcy protection in April 2011. Under the reorganization plan, the 111-year-old symphony will shrink from 105 musicians to 95 and cut their pay by about 15 percent. The orchestra also got a break on its rent … Continue reading
The state is laying off up to about 400 employees in its unemployment insurance agency, ironically citing an improved economy as the reason for the cuts. Michigan’s Unemployment Insurance Agency will give two-week layoff notices to up to 225 permanent staff members on Aug. 31. Another 177 limited-term employees have been laid off, said Mario … Continue reading
Rio Tinto PLC is cutting jobs at its regional headquarters in Melbourne and closing an office in Sydney as the Anglo-Australian mining giant moves to contain costs, two people familiar with the matter said Tuesday. The restructuring is the latest sign that Australia’s mining boom is running out of steam as China’s economy slows and … Continue reading