Jobs - Shore News Network

‘This Will Kill Jobs’: Biden Admin To End Future Leasing In One Of America’s Richest Coal Regions

The Daily CallerMay 17, 20240

The Biden administration is moving to end future leasing in a large swath of America’s top coal-producing region. The Bureau of Land Management (BLM) proposed Thursday to effectively ban future leasing in a sizable portion of the Powder River Basin, a coal-rich geologic formation covering parts of Wyoming and Montana. The Powder River Basin provided about 43% of the coal produced in the U.S. in 2019, according to the U.S. Energy Information Administration. BLM published a final plan after considering alternative options that would have maintained the status quo or limited, but not ended, future coal leasing activity in the

J.D. FOSTER: Migrants Are Getting Jobs. Check Out The Data

The Daily CallerApril 14, 20240

Total U.S. employment as of March reached almost 161.5 million, or roughly 3 million above the pre-pandemic peak according to the BLS Household Survey. Understandably, President Biden crows about this a lot. What his staff surely never tell him–or he conveniently forgets–is that about 3.3 million of those newly employed individuals were foreign born. That’s right. Total employment by native-born Americans is actually down by 300,000 compared to pre-pandemic levels. To be sure, some of those 3.3 million foreign-born individuals now working in America are naturalized citizens and some are in the country as lawful permanent residents, aka “green card”

Biden’s New Emissions Regulations Could Reduce Auto Industry Jobs. Rust Belt Dems Are Backing Them Anyway

The Daily CallerMarch 30, 20240

Several Democratic lawmakers from manufacturing-intensive Midwestern states are backing new regulations by the Biden administration restricting vehicle emissions, which experts say could dramatically reduce the number of gas-powered cars and result in fewer automobile industry jobs. On March 20, the Environmental Protection Agency (EPA) finalized a new rule — Multi Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles — which would effectively require roughly two-thirds of all light-duty vehicles sold after model year 2032 to be electric vehicles (EVs) or hybrids. Critics have argued the rule is a de facto electric vehicle mandate and will

‘It’s Scary Right Now’: Autoworkers Worried Biden’s Electric Vehicle Push Could Kill ‘Thousands Of Jobs’

The Daily CallerFebruary 20, 20240

‘It’s Scary Right Now’: Autoworkers Worried Biden’s Electric Vehicle Push Could Kill ‘Thousands Of Jobs’ Will Kessler on February 19, 2024 Michigan autoworkers are worried that President Joe Biden’s policies pushing for a transition to electric vehicles (EV) will cost their jobs, according to The New York Times. Some autoworkers represented by the United Auto Workers (UAW) union are not pleased with the president’s support of EVs due to the products needing less manpower to produce, which could eliminate tens of thousands of jobs not just in manufacturing, but also in supporting services like insurance and trucking, according to the

Marketmind: Forget China’s overbuilding fallout – it’s jobs, jobs and Fed

ReutersJanuary 29, 20240

By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. The court-ordered liquidation of debt-laden China Evergrande was expected and hardly rattled Asian investors aside from its bond holders and property developers, meaning Japan’s employment data Tuesday and the midweek U.S. Federal Reserve policy statement could be better attention grabbers. China’s blue-chip CSI300 Index and the Shanghai Composite Index took the Evergrande news in stride, both dropping 0.9% on Monday. But the liquidation of the developer with more than $300 billion in liabilities cannot be great for sentiment, which had been showing signs of recovery since

eBay to slash 1,000 jobs, scale back contracts

ReutersJanuary 23, 20240

(Reuters) -eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business,” eBay CEO Jamie Iannone said in a letter shared with employees. “To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world.” The job cuts follow a wave of U.S. tech layoffs after the industry hired heavily during the pandemic,

Macy’s to slash 2,350 jobs, close stores in streamlining effort

ReutersJanuary 18, 20240

(Reuters) – U.S. department store chain Macy’s is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters on Thursday. The layoffs make up 3.5% of the overall workforce across Macy’s. The company operated 722 store locations as of January 2023 and employed 94,570 full- and part-time employees, excluding seasonal hires. The job cuts come as an investor group consisting of Arkhouse Management and Brigade Capital put pressure to take Macy’s private in a $5.8 billion offer, Reuters reported in December. Macy’s incoming CEO Tony Spring is also focused on cutting

As pandemic ‘jobs hole’ closes, Fed finds labor market easing elusive

ReutersJanuary 8, 20240

By Howard Schneider WASHINGTON (Reuters) – The U.S. economy ended last year with the labor scars from the COVID-19 pandemic effectively healed and a quandary for Federal Reserve policymakers so far waiting in vain for wage and job growth to cool to a sustainable level. The addition of 216,000 jobs to U.S. payrolls in December and wage growth of 4.1% both beat expectations, leaving the central bank still looking for clear signs of a slowing labor market and prompting traders in contracts tied to the benchmark federal funds rate to trim expectations the Fed will start cutting rates at its

Biden EPA’s Air Quality Rule Proposal Would Crush American Industry And Jobs, Executives Warn

The Daily CallerNovember 2, 20230

Biden EPA’s Air Quality Rule Proposal Would Crush American Industry And Jobs, Executives Warn Nick Pope on November 1, 2023 A proposed update to the Environmental Protection Agency’s (EPA) air quality standards could severely harm American industry while undermining President Joe Biden’s agenda, according to a Tuesday letter signed by more than 70 industrial executives and trade group representatives. The letter to White House Chief of Staff Jeff Zients warns that the EPA’s January proposal to tighten the National Ambient Air Quality Standards (NAAQS) for fine particle pollution (PM 2.5) could result in huge swaths of the country being in

Commonwealth Bank of Australia cuts 192 back-office jobs, says trade union

ReutersOctober 9, 20230

(Reuters) – Australia’s biggest lender Commonwealth Bank of Australia will cut 192 jobs from its back office operations in Sydney, Melbourne and Perth, including some workers currently employed by BankWest, trade union Finance Sector Union (FSU) said on Monday. CBA told FSU the jobs cuts were due to automation initiatives in the company’s retail banking and home lending business, which allowed it to simplify processes, the trade union said in a statement. “It is clear that the CBA has no hesitation throwing workers onto the unemployment queue in its relentless campaign to cut costs and boost profits,” FSU National Secretary

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific

ReutersSeptember 22, 20230

(Reuters) – Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment. The move is expected to improve the segment’s operating income by approximately $50 million to $55 million in 2025, the tire manufacturer said, adding that the plan would also improve profitability in its Australia and New Zealand operations. Goodyear would also exit nine warehouse locations, a regulatory filing showed. It follows the company’s similar decision announced earlier in the month for Europe, the Middle East and Africa

Biden’s ‘Good-Paying, Union Jobs’ Might Cost Taxpayers Millions Each And Offer Low Wages: REPORT

The Daily CallerJuly 18, 20230

Biden’s ‘Good-Paying, Union Jobs’ Might Cost Taxpayers Millions Each And Offer Low Wages: REPORT John Hugh DeMastri on July 18, 2023 Although American taxpayers are subsidizing massive electric vehicle (EV) battery plants at millions of dollars per job created, five major EV facilities appear on track to offer sub-market wages to future employees, according to a report by Good Jobs First (GJF), an economic watchdog. At five large battery plants, each receiving at least $1 billion per year in tax breaks from President Joe Biden’s cornerstone Inflation Reduction Act, the total value of federal and local subsidies range from $2

Oracle cuts hundreds of jobs, rescinds job offers in its health unit – Insider

ReutersJune 15, 20230

(Reuters) -Software firm Oracle on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit, the Insider reported, citing three people familiar with the matter. The layoffs follow thousands of cuts in corporate America as companies wrestle with elevated levels of inflation and rising interest rates. Oracle’s health unit includes electronic medical records firm Cerner which it acquired for $28.3 billion, its biggest ever deal, in December last year. The layoffs were largely due to Cerner’s challenged work with the U.S. Department of Veterans Affairs, which hired Cerner to replace its homemade

‘You’re Telling Me We Have Too Many Jobs?’: Josh Hawley Rips Interior Secretary’s Rationale For Shutting Down US Mines

The Daily CallerMay 2, 20230

‘You’re Telling Me We Have Too Many Jobs?’: Josh Hawley Rips Interior Secretary’s Rationale For Shutting Down US Mines John Hugh DeMastri on May 2, 2023 Republican Sen. Josh Hawley of Missouri berated Biden-appointed Interior Secretary Deb Haaland for insinuating that workers should not be concerned about her department’s decision to block a major mining project because there were other blue collar jobs available. The exchange occurred as the two discussed the Interior Department’s decision to impose a moratorium on mining in the Boundary Waters Area watershed in Minnesota, essentially killing the proposed Twin Metals mine, which would primarily extract copper and

Italy plans looser rules on short-term jobs, tax cuts on wages

ReutersApril 24, 20230

By Giuseppe Fonte ROME (Reuters) – Italy plans contested legislation that will make it easier for firms to hire workers on short-term contracts, as part of a set of measures aimed at boosting jobs and families’ purchasing power, including tax cuts for middle- and low- income workers. Prime Minister Giorgia Meloni has convened a cabinet meeting to approve the package on May 1, International Workers’ Day. Government officials said some 3.4 billion euros ($3.73 billion) would go to reduce this year the so-called tax wedge, the difference between the salary an employer pays and what a worker takes home, with

Elevator-maker Kone to axe 1,000 jobs, sees recovery in Asia

ReutersJanuary 26, 20230

By Anne Kauranen HELSINKI (Reuters) – Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally to cut costs and it expects demand to pick up in its main market China and elsewhere in Asia this year. The cuts will be part of an organisational restructuring and will save 100 million euros annually from the beginning of next year, the company said, with 150 of the job losses in Finland. Chief Executive Henrik Ehrnroot said the rest of the job cuts would take place around the world without providing details. The cuts represent around 1.6% of

Proterra to cut jobs, merge electric bus and battery production in South Carolina

ReutersJanuary 19, 20230

(Reuters) – Proterra Inc said on Thursday it plans to cut more jobs and combine electric bus and battery production in South Carolina as it looks to trim costs. The electric-bus maker’s exit from its City of Industry facility in California, along with the additional planned job cuts, will impact about 300 roles this year, it said. “The consolidation of manufacturing sites will also allow the company to better manage ongoing supply-chain disruptions and decrease facilities costs,” the company said in a statement. The move comes as electric-vehicle makers including Stellantis NV and Nikola Corp tighten spending in the face

Microsoft to shed 10,000 jobs, adding to glut of tech layoffs

ReutersJanuary 18, 20230

By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession. The layoffs add to the tens of thousands announced in recent months across the technology sector, which has downshifted following a strong growth period during the pandemic. The news comes even as the software maker is set to ramp up spending in generative artificial intelligence that the industry sees as the new bright spot. In a note to

ALFREDO ORTIZ: Jobs Numbers Should Spur Congress To Finally Start Getting Things Done

The Daily CallerJanuary 7, 20230

ALFREDO ORTIZ: Jobs Numbers Should Spur Congress To Finally Start Getting Things Done Alfredo Ortiz on January 6, 2023 Today’s jobs report reveals Americans continue to get poorer every day under the Biden administration, with average wages growing significantly slower than inflation. This persistent decline in living standards should incentivize the new Congress sworn in this week to get down to business to reverse this trend. Wage erosion is especially painful for minorities, who tend to earn less than white Americans. According to the most recent data, and controlling for full-time employees, black and Hispanic Americans earn about 80 cents

December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes

The Daily CallerJanuary 6, 20230

December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes John Hugh DeMastri on January 6, 2023 The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling from the roughly 270,000 jobs added in November, according to the Bureau of Labor Statistics Friday. Although December’s jobs report showed signs of a hiring slowdown, the most recent data from the BLS suggested that demand for labor continues to run red-hot, with the U.S. having 10.5 million job openings in November, according to The Wall Street Journal. The Federal Reserve — which has been raising interest rates

Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs

The Daily CallerDecember 23, 20220

Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs Alexa Schwerha on December 22, 2022 Former Google CEO Eric Schmidt helped fund over two dozen Biden administration jobs through a fellowship program for scientific and technological fields. One watchdog group claimed that Schmidt could be using his connections to influence the administration. “It is disappointing that these speculative pieces overlook the extraordinary collaboration which has resulted from broad participation in bipartisan initiatives to address fundamental challenges to U.S. competitiveness and collective prosperity,” a Schmidt spokesperson told the Daily Caller News Foundation. Former Google CEO Eric Schmidt helped fund the

Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn

The Daily CallerNovember 3, 20220

Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn John Hugh DeMastri on November 3, 2022 Ridesharing app Lyft and payment processing startup Stripe informed their staff of layoffs Thursday in part due to expectations of an upcoming recession, while Amazon announced a corporate hiring freeze due to “unusual” economic conditions. Lyft announced it would cut 13% of staff, nearly 700 jobs, according to the WSJ, while Stripe announced a 14% cut to just under 7,000 employees — implying a cut of at least 1,000 employees. Both companies cited recession fears and other macroeconomic challenges as

Brazil’s Eletrobras offers buyout to cut over 2,300 jobs, a fifth of workforce

ReutersOctober 28, 20220

SAO PAULO (Reuters) – Brazil’s electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move following its privatization. Centrais Eletricas Brasileiras SA, as the company is formally known, said the voluntary layoff program will apply to 2,312 employees and will cost up to 1 billion reais ($189 million). At the end of June, the firm had 10,508 workers. Electrobras said the offer included cash payments equivalent to three years’ healthcare, a year of food aid, and nine months’ salary, as well as a

Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown

ReutersSeptember 27, 20220

(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. In a sign of a tough second half of the year, growth in the world’s largest economy, the United States, shrank for the second straight quarter, while in the euro zone business growth slowed sharply in June due to rising cost of living. LAYOFFS: Company name Date Layoffs impact Commentary Alibaba Group March 16 About 39,000 staff Started firing employees in February. It discussed job cuts with

U.S. solar industry jobs rose 9% in 2021, mainly in installation

ReutersJuly 26, 20220

By Nichola Groom (Reuters) – The number of jobs in the U.S. solar energy industry rose 9% last year to more than 255,000, with most workers employed in installation and project development, according to a report published on Tuesday. The rise marked a return to growth in sector employment following a contraction in 2020 due to pandemic-related work disruptions, the annual report by the nonprofit Interstate Renewable Energy Council found. Over the last decade, jobs in the industry have more than doubled from 105,145 in 2011. The solar sector is among the fastest-growing segments of the U.S. energy industry due