Word: jobbing
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...what kind of shape will the rampage leave Calleja's checking account? "I"m still in the hole, but I feel O.K. about my spending - kind of, sort of," she says. Since she works in the real estate business, her job isn't safe. Still, she says, "you just have to delete that from your mind." This week, she'll start a part-time tutoring job to make some cash on the side. "Bottom line, you just have to keep living your life," she says...
...Liebmann is quick to stress that her data and stories like Calleja's don't predict a recovery. "It's just a lesser negative," she says. Job anxiety remains a powerful brake on consumer spending. Unemployment is high - 8.6% - and the WSL respondents are worried: last year, 20% said they were concerned that they or someone in their family might lose a job. This year, that figure jumped to 35%. That fear keeps cash in the pocketbooks; for the first time in a decade, the personal savings rate has been above 4% for three straight months...
Canadian Prime Minister Stephen Harper said on Monday that his government will invest $9 billion in General Motors of Canada Ltd. to keep it alive amid harsh criticism that the unpopular bailout will end up costing Canadian taxpayers millions of dollars for each assembly-line job saved...
...Europe has factories in Belgium, Spain, Poland and Britain. It's not clear whether Magna will shut down the two Vauxhall factories in Luton and Ellesmere Port in the U.K., which employ 5,000 workers. The British Business Secretary Lord Mandelson grumbled that Magna had been "vague about their job and business plans." There are also questions over the robustness of Magna, which has been hit hard by the global downturn. Magna said during the negotiations it would cut 10,000 jobs across Europe, with the axe falling on around 2,500 jobs in Germany, but Magna pledged to keep...
...present GM Canada has 12,000 hourly and salaried employees, but that number is expected to shrink to about 5,500 over the next couple of years. About 1,100 of the new total is expected to be salaried jobs, which are unrelated to assembly operations. That means Ottawa and the Ontario government are together spending an unprecedented $2.1 million for each assembly job at GM Canada they hope to save...