Job Market Monitor
UK
UK / Over 6m working poors
Millions of workers are facing insecurity, moving in and out of jobs, and poverty, according to a new report. The Joseph Rowntree Foundation (JRF) said over six million people classed as living in poverty, were in households where people worked. Excluding pensioners, in-work poverty now outstrips workless poverty, while 1.4 million people were now working … Continue reading
UK / Tata Steel to cut 900 jobs
India-based Tata Steel Ltd. Friday announced plans to cut about 900 jobs at its U.K. operations as part of a wider restructuring. “Today’s proposals are part of a strategy to transform ourselves into an ‘all-weather’ steel producer, capable of succeeding in difficult economic conditions,” Karl Koehler, chief executive of Tata Steel’s European operations, said in … Continue reading
UK / Standard Life cuts 139 jobs
Standard Life is cutting 139 jobs following the restructure of its UK and Europe business. Affected divisions include adviser and investments and workplace, customer and marketing and UK IT and change. Standard Life says the proposed job cuts will deliver better customer service through a single point of accountability and clearer alignment between the company’s … Continue reading
UK / Newcastle Council cuts 1,300 jobs
More than 1,300 jobs are to be axed by a North East council struggling to trim £90m from its budget. Newcastle City Council – which employs 10,500 staff – will also shut 10 libraries, although it said its new £24m city centre library was safe. A spokesman blamed rising costs and a greater demand for … Continue reading
UK Public Sector / 70% of hiring managers saying a lack of new talent is hindering efficiency
Over 1.5m public sector job vacancies will need to be filled by 2017, but ‘poor perception’ is presenting a key barrier to attracting new recruits, according to new research. Bridging the Gap: Developing a framework to attract new talent into the Public Sector – published by the Centre for Economics and Business Research (CEBR) and … Continue reading
(UPDATE) UK – Comet – 6,000 layoffs ?
Comet cuts further 735 jobs The insolvent electrical chain Comet is cutting hundreds more jobs, its administrators have said. Deloitte said there would be a further 735 redundancies at its head office, central functions and across its home delivery network. This is in addition to 330 redundancies already announced. The business had employed 6,611 people. … Continue reading
UK – Hard hit by job cuts in banking sector
GLOBAL banks have slashed almost 160,000 jobs since early last year, including more than 21,000 across taxpayer-backed lenders Lloyds Banking Group and Royal Bank of Scotland, and more lay-offs are in the pipeline as the industry restructures. Redundancies in the banking sector have outpaced new hires by roughly two-to-one according to a study that shows … Continue reading
UK / More than 1 in 3 will work past 65 and 35% will work past retirement age
Thirty-five per cent believe they will work past retirement age, but this could have a negative impact on employers. Workers are planning to take advantage of the opportunities offered by the abolition of the default retirement age, according to new research by insurer Canada Life Group. Over a third of employees think they will work … Continue reading
UK / Department for Education cuts 1,000 jobs
About 1,000 jobs at the Department for Education (DfE) – a quarter of its total workforce – are being cut in an efficiency drive. Civil servants losing their jobs will be made redundant within two years, as the DfE focuses on priority work. The DfE was making administrative cuts of 42% by 2014-15 – but … Continue reading
UK / Unemployment rate at 7.8 per cent and employment up 100,000
The employment rate for those aged from 16 to 64 for July to September 2012 was 71.2 per cent, up 0.2 from April to June 2012. There were 29.58 million people in employment aged 16 and over, up 100,000 from April to June 2012. The unemployment rate for July to September 2012 was 7.8 per cent of the … Continue reading
UK / Jobless Claims Unexpectedly Rise
U.K. jobless claims rose at the fastest pace in more than a year and job creation slowed, suggesting the labor market is succumbing to a fragile economic outlook. Jobless-benefit claims increased 10,100 to 1.58 million in October, the most since September last year, the Office for National Statistics said today in London. The median of … Continue reading
UK / HR workers among the unhappiest
The findings, released today by vocational training organisation, City and Guilds have found that HR professionals are some of the unhappiest across the UK workforce. The Career Happiness Index 2012 looks into what people in the UK consider to be the most important factors contributing to their happiness at work. The index found that among … Continue reading
UK / Sainsbury’s create 5000 extra seasonal jobs
AN EXTRA 5000 seasonal jobs are being created across the UK by supermarket giant, Sainsbury’s. The jobs boost is to meet increased customer demand over the festive period. In September, the company announced it was creating 15,000 vacancies across its 1,000 stores, filling them in “record time”. Sainsbury’s chief executive Justin King said: “This year … Continue reading
UK | Southampton | Up to 300 job cuts
Up to 300 jobs will be cut by Southampton City Council when it publishes its budget later, according to trade unions Unison and Unite. The Labour-run council needs to find savings of about £30m for 2013-14 and has pledged to restore the pay of workers cut by the former Tory regime. Labour councillor Simon Letts … Continue reading
The City | Women miss out on top jobs
Just one in five mid to senior-level jobs in the City are filled by women and only 6 per cent of managing directors are female, research has found. The survey by Astbury Marsden, a financial services recruiter, suggests women still face a glass ceiling despite efforts by banks and hedge funds to address the gender … Continue reading
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