The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner's list of the top 30 countries for outsourcing. Here's where IT and business-processing jobs are heading.
The TJX Companies announced Friday that it was shutting down its A.J. Wright brand, converting 91 of its 162 stores to those of its other brands -- T.J. Maxx, Marshalls or HomeGoods -- and closing the rest. The move will eliminate 4,400 jobs, about half of them part-time positions.
The jobs market gained steam in October as companies added 151,000 jobs - the largest amount since May. Despite the better-than-expected gains, the unemployment rate remained steady at 9.6%.
Companies that develop medicines have been bleeding jobs in the last few months, with three -- Biogen Idec, Charles River Laboratories and NicOx -- announcing about 1,000 new workforce cuts this week. When will the bleeding stop?
Aon Corp., the world's biggest insurance broker, revealed in a regulatory filing Thursday a restructuring plan which includes cutting 1,500 to 1,800 positions globally, as it combines the operations of the recently acquired Hewitt Associates with its own.
In a sign that large fossil-fuel power plants may be falling out of favor, French engineering company Alstom on Monday announced plans to cut 4,000 jobs in the next 17 months. Alstom cited low demand for its coal and natural-gas plants. Its renewable-energy operations won't be affected by the cuts.
In the U.S., 52% of companies report problems attracting critical-skill employees. And some of the hottest jobs over the next 10 to 15 years require tech skills that most people aren't learning. Here's what some workers and companies are doing about it.
Giant U.S. pharmaceutical group Abbott Laboratories is cutting 3,000 jobs, or about 3% of its workforce, following its purchase of Belgian-based Solvay's drugs business.
U.S. employment suffered another setback as the private sector unexpectedly cut 10,000 jobs in August, ADP announced Wednesday. A Bloomberg survey had forecast that private employers would add 17,000 jobs in the month
Positive trends in job creation, layoffs and unemployment indicate that the current economic recovery started sooner and is progressing faster than the previous two recessions.
