Nov. 17, 2010 at 5:59 p.m.
Filed under:
Banking,
Investing,
Jobs/employment,
M&A
By Becky Yerak
Denver-based investment bank Headwaters MB has created a financial institutions practice that’ll be headquartered in Chicago and focus on mergers and acquisitions and capital raising for banks with assets of up to $3 billion.
“There’s a significant opportunity to participate in the impending wave of industry consolidation,” said Managing Director Eliot Stark, who before joining Headwaters worked for Chicago-based investment bank Capital Insight Partners. Stark also once served as a corporate development, finance and planning executive for Comerica Bank, where he was involved with dozens of M&A transactions. Get the full story »
Nov. 17, 2010 at 3:20 p.m.
Filed under:
Jobs/employment
From The New York Times | A study by Boston College’s Sloan Center on Aging & Work has found that older workers are more willing to take a pay cut when searching for jobs than their younger counterparts — 77 percent versus 64 percent.
Nov. 16, 2010 at 12:55 p.m.
Filed under:
Government,
Jobs/employment,
Layoffs,
Taxes
By Reuters
A deal on a temporary extension of the Bush-era tax rates could emerge that would also renew unemployment benefits for 2 million Americans about to lose them, top lawmakers said Tuesday. Get the full story »
Nov. 16, 2010 at 11:18 a.m.
Filed under:
Insurance,
Jobs/employment,
Layoffs
From Pantagraph.com | State Farm Insurance acknowledged the possibility of upcoming job losses after completing an internal assessment of five departments.
Nov. 12, 2010 at 5:25 p.m.
Filed under:
Internet,
Jobs/employment,
Retail
By Reuters
Amazon.com Inc. said Friday that it is hiring more than 15,500 people to fill temporary holiday jobs at shipping centers around the country, more than it hired last year.
The online retail giant said in news releases that it will hire more than 5,000 people in Phoenix and Goodyear, Ariz., and 4,000 in Pennsylvania at locations including Allentown, Hazleton and Lewisberry. Get the full story »
Nov. 12, 2010 at 6:48 a.m.
Filed under:
Jobs/employment,
Transportation
By Associated Press
A war of words is heating up between Wisconsin Gov.-elect Scott Walker and Illinois Gov. Pat Quinn over job creation. The Republican Walker said Thursday he plans to persuade Illinois companies to come to Wisconsin. He says he’ll emphasize that Quinn has proposed massive tax increases.
Walker’s comments come one day after the Democratic Quinn encouraged train maker Talgo Inc. to move south from Milwaukee. Talgo had said it would move from that facility if Wisconsin follows through on its promise to abandon high-speed rail. Get the full story »
Nov. 10, 2010 at 8:48 a.m.
Filed under:
Jobs/employment,
Work culture
By Julie Wernau
There’s new hope for employees who haven’t seen a raise since the collapse of the economy. According to a recent CareerBuilder survey, nearly a third of employers are willing to negotiate salary increases in 2011 over concerns that talented employees will look to leave their organizations once the economy improves.
Some industries faired better than others — with IT employers, retail, sales, professional and business services reporting that they were the most willing to negotiate raises. Get the full story »
Nov. 10, 2010 at 8:10 a.m.
Filed under:
Health care,
Jobs/employment
By Julie Wernau
Chicago-based Accretive Health, a health care financial services company, will open a new processing facility at 231 S. LaSalle Street, adding 650 jobs over 10 years, the company announced this week.
The company currently employs 175 people at its headquarters at 401 N. Michigan Ave. and said the new offices will be home to a B2B center, offering employees full-time jobs with benefits and an average salary of $35,000 per year. Get the full story »
Nov. 9, 2010 at 1:52 p.m.
Filed under:
Jobs/employment,
Law firms,
Management
By Julie Wernau
Women lawyers continue to lag behind their male counterparts in rank, clout and pay, according to a survey by The National Association of Women Lawyers, due in part to new structures at firms that limit opportunities for women to advance.
Now in its fifth year, the survey is the only national study of the nation’s 200 largest law firms that annually tracks the progress of women lawyers in private practice and collects data on firms as a whole rather than from a subset of individual lawyers. Get the full story »
Nov. 8, 2010 at 5:38 p.m.
Filed under:
Banking,
Jobs/employment
By Tribune staff report
Metropolitan Bank Group said it plans to merge Edens Bank, First Commercial Bank and Northwest Community Bank into North Community Bank and merge Community Bank of DuPage, Metropolitan Bank & Trust and Chicago Community Bank into Citizens Community Bank, which will be renamed Metrobank. Get the full story »
Nov. 8, 2010 at 11:41 a.m.
Filed under:
Economy,
International,
Jobs/employment
By Reuters
Unemployment in the Group of 20 leading world economies is close to 8 percent of the total workforce and looks set to keep growing strongly, the International Labour Organisation (ILO) said on Monday. Get the full story »
Nov. 8, 2010 at 9:54 a.m.
Filed under:
Airlines,
Jobs/employment
By Reuters
US Airways Group Inc. said on Monday it plans to add a total of 500 flight attendants and pilots through a combination of new hires and recalls of furloughed workers. Get the full story »
Nov. 5, 2010 at 8:22 a.m.
Filed under:
Economy,
Government,
Jobs/employment,
Layoffs
By Tribune newspapers
The nation’s sluggish job market showed signs of life in October: Employers added a net 151,000 jobs over the month, and private-sector job creation was the strongest since April, the Labor Department said Friday.
However, the better-than-expected job gains weren’t large enough to bring down the unemployment rate, which remained stuck at 9.6 percent for the third month in a row. A broader measure of unemployment and underemployment, which includes part-time workers who can’t find full-time jobs, dropped a notch to 17 percent last month. Get the full story »
Nov. 5, 2010 at 6:48 a.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
President Barack Obama is acknowledging in the wake of this week’s election rout that he hasn’t been able to successfully promote his economic-rescue message to anxious Americans. Obama says in an interview with CBS’s “60 Minutes” that he “stopped paying attention” to the leadership style he displayed during his run for the presidency.
Obama also said he recognizes now that “leadership is not just legislation,” and that “it’s a matter of persuading people. And giving them confidence and bringing them together. And setting a tone. And making an argument that people can understand.” Get the full story »
Nov. 4, 2010 at 10:23 a.m.
Filed under:
Beverages,
Food,
Jobs/employment,
Layoffs,
Management
By Reuters
(Reuters)
Four years ago, generous benefits and opportunities for advancement convinced Leigh Swanson to use her new master’s degree in human resources to manage a Starbucks cafe. She called it one of the best workplaces she had ever experienced.
Then, in 2007, with the coffee chain in the midst of a building binge, the worst downturn since the Great Depression hit, hammering Starbucks’ bottom line. Sharp cost-cuts, the introduction of corporate efficiency tools like scheduling software and an increased emphasis on pushing product sales have helped the company return to record profitability.
They also led Swanson to quit in May. The disappearing perks and the financial fixes dampened her enthusiasm for recruiting potential new partners, as Starbucks calls its employees. “I found it really sad. I was really invested,” said Swanson, who was in charge of a Starbucks in the Florida Panhandle. “I just didn’t feel proud anymore. I wasn’t in it to manage a McDonald’s.” Get the full story »
