A snapshot of major employment categories and how they faredOctober 2nd, 2009 Job losses were widespread last monthA snapshot of major employment categories, and how they fared in the past two months:
Construction: Cut 64,000 jobs in September, following losses of 60,000 in August. Manufacturing: Eliminated 51,000 jobs in September, after cutting 66,000 in August.
'Ecospace' business park inaugurated in KolkataSeptember 23rd, 2009 KOLKATA - Ambuja Realty Wednesday inaugurated the first phase of its 'Ecospace' business park on the northeastern fringes of the city. Harshavardhan Neotia, chairman of the company, said at the inauguration: "We have a plan to invest Rs.290 crore for the whole project.
Cummins to consolidate US filter plants and move operations to Mexico, cut about 400 jobsAugust 25th, 2009 Cummins to consolidate filter plants, cut jobsCOLUMBUS, Ind. — Cummins Filtration, a division of diesel engine manufacturer Cummins Inc., said Tuesday it is consolidating a "significant" portion of its North American filter assembly operations into one of its Mexican plants over the next several months, meaning the loss of about 400 jobs.
At NY newspaper, 50 news jobs are cut, entire staff can apply for 'redefined' jobsAugust 13th, 2009 NY newspaper cutting 50 news jobs, redefining restWHITE PLAINS, N.Y. — A suburban Gannett Co.
What organisations promise to employees don't matter as much as thoughtAugust 5th, 2009 WASHINGTON - A new piece of research suggests that what an organization promises to employees-training opportunities, benefits, compensation, etc.-do not matter nearly as much as what the organization actually delivers. Samantha Montes and co-author David Zweig, professors at the Rotman School of Management and the University of Toronto Scarborough, have found that the influence of promises has little effect on employee's emotional reactions toward the organization, their intentions to stay with the organization, and intentions to engage in citizenship behaviours.
Verizon to cut 8,000 employee and contractor jobs, won't be hiring much until recession endsJuly 27th, 2009 Verizon to cut 8,000 jobsNEW YORK — Phone company Verizon says it will cut 8,000 jobs from among employees and contractors before the end of the year to keep costs in line as the recession saps demand from businesses for telecommunications services. Executives said the cuts will come from the wireline side of the business.
Obama says policies have created jobs, but hiring will be slow in recoveryJuly 23rd, 2009 Obama: Hiring will be among last things to improveWASHINGTON — President Barack Obama says economic steps by his administration have saved jobs and created new ones. But he says new hiring is among the last things to improve during an economic recovery.
PROMISES, PROMISES: Obama health care industry talks echo Cheney energy task forceJuly 22nd, 2009 PROMISES, PROMISES: Do Obama deals break pledge?WASHINGTON — In cutting deals with hospitals and drug makers, President Barack Obama is giving a private inside track to special interests that's at odds with his promise to make policy in the open. Obama promised Americans he would hold special interests at arm's length — that it would no longer be business as usual in Washington.
PROMISES, PROMISES: Obama health care industry talks less public than promisedJuly 21st, 2009 PROMISES, PROMISES: Private deals on health careWASHINGTON — In cutting deals with hospitals and drugmakers, President Barack Obama is giving a private inside track to special interests that's at odds with his promise to make policy in the open. Obama promised Americans he would hold special interests at arm's length — that it would no longer be business as usual in Washington.
Indian business leaders ask Bangladesh to boost bilateral economic tiesJuly 20th, 2009 DHAKA - An Indian trade delegation visiting Dhaka has urged Bangladesh to take steps to boost bilateral trade ties between the two countries. The appeal came at a seminar on "Bangladesh-India Economic Relations" at Hotel Sonargaon in Dhaka, reports the Daily Star.
June's US unemployment data 'sobering': ObamaJuly 3rd, 2009 WASHINGTON - The US economy shed a surprising 467,000 jobs in June and the jobless rate climbed to 9.5 percent, in what President Barack Obama called a "sobering" sign that the country's deep recession is far from over. The Labour Department's report sent US stocks plummeting more than 2 percent.
Obama meets with business leaders, talks to the AP, heads to Camp DavidJuly 2nd, 2009 Obama talks jobs, gets early start on July 4WASHINGTON — President Barack Obama has invited a group of business leaders to meet with him at the White House today. Some of their firms are large.
Obama promises more than 600,000 stimulus jobs; Cabinet questions spending and job creationJune 8th, 2009 Obama promises more than 600,000 stimulus jobsWASHINGTON — President Barack Obama says the United States remains in a deep recession that will take considerable time to escape. Obama met at the White House with his top administration officials on Monday to hear an update on his $787 billion spending plan.
US cuts fewer jobs in May, a sign recession is easingJune 5th, 2009 WASHINGTON - US companies shed only 345,000 jobs in May, the smallest drop in eight months and a sign that the US recession may be easing, but the unemployment rate still jumped half a percentage point to 9.4 percent, the Labour Department reported Friday. The US has now lost six million jobs since a deep recession began in December 2007, but the monthly data was far better than economists had predicted.
Obama promises closer economic ties with Muslim worldJune 4th, 2009 CAIRO - In a much-anticipated speech to the Muslim world from Cairo Thursday, US President Barack Obama said he would expand economic, scientific and educational ties with predominantly Muslim countries. "We will create a new corps of business volunteers to partner with counterparts in Muslim-majority countries," Obama said.
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