Skills Shortage News
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Canadian Finance Minister Jim Flaherty is offering grants for job training and extending investment tax breaks to help companies in the world’s 11th largest economy find skilled workers and boost manufacturing.
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Energy costs are probably the biggest challenge facing European policy makers as they attempt to make the region more competitive, said Leif Johansson, the chairman of Ericsson AB who heads a Europe-wide industrial body.
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European plans to levy the world’s toughest bonus restrictions on bankers drew condemnation in London as the industry warned it may backfire as firms raise fixed pay instead.
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Glencore International Plc’s $36 billion takeover of Xstrata Plc will unite about 130,000 employees that operate in more than 40 countries. The proposed board of directors doesn’t include a single woman.
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Linamar Corp., the third-best performing auto-parts stock in the past year, says the biggest obstacle to its goal of tripling revenue and boosting profit seven-fold is finding skilled workers willing to earn C$80,000 ($80,000) a year.
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Japan’s nuclear disaster may worsen a skills shortage in the nuclear industry as regulators look for people able to carry out detailed assessments of power plants, the U.K.’s chief inspector of atomic installations said.
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Australia’s resources industry faces the threat of a skills shortage by late 2011 to early 2012, especially in Western Australia and Queensland, a government- appointed labor task force said in a report.
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Germany’s opposition Social Democratic Party has proposed a special panel in the federal chancellery to help overcome professional skill shortages, Sueddeutsche Zeitung reported, citing an interview with Hubertus Heil, the party’s deputy chairman, in a preview of an article due to appear today.
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Australia is close to completing the first agreements allowing resource mega-projects to hire more overseas labor amid a skills shortage.
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Bruno Rizzuto’s father, Cesare, was 19 when he got off a boat in Halifax from southern Italy in 1951. With no coat, and “5 cents in his pocket” he headed for the gold mines of Timmins, Ontario, where he worked underground for 41 years.
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