Job Spectrum

The Indiana-based engine manufacturer Cummins Inc. has trimmed its sales and profit forecast on Tuesday, and said it is planning to cut around 1,000 to 1,500 jobs by the end of this year, citing the weakening global economy as the main reason behind the job cuts. The company made this decision because of the uncertainty in direction of the global economy, said Cummins CEO Tim Linebarger in a statement.

Ireland Wind Energy Association claimed that there is a possibility that around 30,000 jobs in the wind energy sector would be generated in Ireland. This would happen, only if the Government implements some reforms to the industry. Also, Enverian, a newly established Irish renewable energy company declared in the IWEA's Autumn Conference 2012 on 04 October, 2012 that it would be bringing 15 new jobs over the next two years.

Spain's jobless rate has risen again in September, 2012 after the end of summer tourism season when the unemployment rate had dropped due to increase in tourism sector. According to the Labor Ministry data of Tuesday 2 October, 2012, the jobless rate rose by 1.7% leaving around 4.7 million people jobless. This has created stress among those who are searching new jobs or have left earlier jobs.

The U.S. Bureau of Labor Statistics report on September 7, 2012 stated that the job number accounted for only 96,000 in August, 2012. Also, according to the report posted by budget office on 22 August, 2012, U.S. has the possibility to face recession in the coming year. U.S. has also faced recession earlier due to which many people had to lose their jobs.

With a whopping $88 billion industry, the Indian BPO sector can be termed as one of the most buzzing sectors in the country. Going by the trend, the country’s BPO industry has rarely witnessed employee unrest but it seems that the Nasik center of NYSE listed WNS is one bright exception bucking the trend. In a bid to hike their wages and to portray their discontent against the retrenchment of five employees, a section of WNS employees went on strike which is continuing in its 4th Day.

British recruitment company Robert Walters whispered it remained vigilant on its future prospect as weaker consumer confidence and an unstable banking sector hinder development in some of its markets. Robert Walters recently registered a 13% increase in 3rd quarter gross profit to 48mn pounds, down from 24% growth in its 2ndquarter and below forecaster consent of 50.1mn pounds, based on the Altium Securities.

Online retailer Amazon has declared plans to open a new processing centre generating 900 jobs in Staffordshire. The centre, in Rugeley, will begin processing orders from September and will deal with consumers from the United Kingdom and across the globe.

For more than fourteen million jobless Americans, June was a disappointing month. Private firms added only 57,000 jobs. And with state governments besieged - Minnesota's has closed down – near about 40,000 government employees lost their jobs.

After 3 months in which the economy seemed strong, averaging more than 200,000 job gains, in May and June it just flat lined.