Job Market Monitor
UK
UK – The Queen rejects Government’s apprenticeship programme
Buckingham Palace was approached by ministers keen for Royal estates to hire young people on a Government-backed programme. But the Queen will instead keep her own apprenticeships for chefs, footmen and housemaids, according to The Times. The response was revealed in a Freedom of Information request about the Apprenticeships Bill, which was in its early … Continue reading
UK – Unemployment is deliberately high says TUC
Frances O’Grady – incoming TUC general secretary – has suggested in a Guardian interview today that high unemployment is a deliberate ploy being used by the government to suppress wage claims and destroy employment rights. As she puts it: There was certainly a strong view in the 1980s, not just among trade unions, but also among a number of intellectuals and commentators, that unemployment was being … Continue reading
Direct Line – 900 jobs cut
Insurance company Direct Line Group, which is being demerged by parent company RBS, has said it will shed 900 jobs in a bid to save costs. Direct Line has launched a series of initiatives to target £100m of gross annual cost savings by the end of 2014. That includes the closure of a site in … Continue reading
UK – Aviva to cut up to 800 jobs
Aviva is to cut up to 800 jobs in the UK as chairman John McFarlane embarks on a £400m global cost-cutting drive. The job cuts are likely to come from both the general and life insurance arms of the UK operation and are set to be completed by the end of 2012. The life insurance … Continue reading
UK – Employment law offers ‘excessive protections’ write rising star MPs of the Conservative party
Earlier this month, the Evening Standard leaked extracts from a forthcoming book entitled Britannia Unchained: Global Growth and Prosperity, which will be published in the run-up to this year’s Conservative Party Conference. The book’s publishers Palgrave MacMillan describe the book as follows: Presented by a team of rising star MPs of the Conservative party, Britannia … Continue reading
UK – Airbus deal secures 6,000 jobs
Up to 6,000 jobs have been secured at Airbus’s factory in Cheshire following a major order from Philippine Airlines. The company makes wings for the Airbus at its plant at Broughton, near Chester. via BBC News – Airbus deal secures 6,000 Broughton jobs.
UK – Executive pays at £3m average
While many struggle to keep afloat during the recession, Britain’s top chief executives are enjoying an average £3million salary. FTSE 100 bosses have seen their salary soar by 8.5 per cent in 2011 – whereas the national pay average rose by just 1.6 per cent, barely half the rate of inflation. The brutal economic climate … Continue reading
UK – Olympics Boost – Employment up 201,000 and unemployment rate down 0.2
For April to June 2012: The employment rate for those aged from 16 to 64 was 71.0 per cent, up 0.4 on the quarter. There were 29.48 million people in employment aged 16 and over, up 201,000 on the quarter. The unemployment rate was 8.0 per cent of the economically active population, down 0.2 on … Continue reading
UK – Record 8 M people working fewer than 25 hours a week
Record numbers of Britons are working part-time after those struggling to find full-time positions pushed the figure above the eight-million mark for the first time. Official figures show that 8.07 million people toil for fewer than 25 hours a week – the highest figure since records began in 1992. One in seven of them would … Continue reading
UK – Nine out of ten employees agreed that having more choice in working arrangements improves morale
The Fourth Work-Life Balance Employee Survey was conducted in early 2011. It found that the majority of employees were satisfied with their hours and current working arrangements. Levels of awareness of the right to request flexible working were high; 75 per cent of all employees, 73 per cent of employees with non-childcare caring responsibilities and … Continue reading
Jaguar – 1,000 new jobs with 24-hour production
Soaring foreign demand for Range Rover Evoque and Freelander 2 models 30,000 people are believed to have applied for the new posts Bosses are hoping to achieve record profits of about £1.5bn this year Firm was bought by Indian manufacturing giant Tata from Ford in 2008 Jaguar Land Rover has created 1,000 new jobs by … Continue reading
UK – Highly paid jobs have become even better paid
Jobs including chief executives and managers have contributed to the rise in wage inequality in recent decades, research has shown. Highly paid jobs have become even better paid, including company executives and general managers of large organisations whose hourly pay jumped from £12.07 in 1975 to £49.20 in 1996, according to the study by Dr … Continue reading
UK – 1 in 3 firms are maintaining staff but will make redundancies if economic growth does not return soon
CIPD research reveals that 1 in 3 firms are maintaining staff levels higher than they need in order to avoid losing skills, but will make redundancies if economic growth does not return soon The immediate jobs outlook remains positive, bolstered by employers who are holding on to staff to avoid losing skills despite low levels … Continue reading
UK – Watford – New Tom Cruise blockbuster ‘to create 500 jobs’
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
UK – Disposable income at nine-year low
Individuals had less disposable income to spend on average in the first three months of the year than during any quarter since 2003. Disposable income per head, taking inflation into account, fell by 1% on the previous quarter, the Office for National Statistics (ONS) said. This measure of income is the amount of cash individuals … Continue reading
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