Intel Corp is planning to invest $20 billion to build the world largest chip-making plant in Ohio. This is an attempt to boost the chips manufacturing capacity amid the ongoing shortage of semiconductor chips. The world is facing a global shortage of semiconductor chips and it is affecting the everything from smartphones to cars. As […]
The Ministry of Justice will move 500 jobs to Wales as part of the UK Government’s ‘levelling up’ agenda. The Deputy Prime Minister has announced in a statement. New regional Ministry of Justice (MoJ) offices will create 500 new roles in Wales. The jobs will expand the Ministry of Justice presence in Swansea, Cardiff and […]
Openreach has announced to create around 250 new jobs in Wales during this year. Moreover, the company is continuously expanding their operations and are investing billions of pounds in broadband network. Huge Recruitment Drive The broadband distribution giant has declared this as part of their largest recruitment drive in history. Currently, they are looking to […]
Tesco has announced another round of restructuring across their store network. Britain’s biggest supermarket chain are moving their overnight operations to daytime in more than 80 stores. This move is putting at least 1,600 jobs at risk. They also converting 36 of its petrol stations to become pay-at-pump only sites during overnight hours. Restructuring at […]
MSC, The cargo shipping division of a global transportation and logistics company is planning to expand their operations in Charleston County. Moreover, the expansion plan will add 135 new jobs in the county. $13.7 Million Investment MSC USA, a division of MSC Mediterranean Shipping Company has announced an investment of $13.7 million. The announcement was […]
Peloton Interactive Inc are all set to replace their Chief Executive Officer (CEO). Moreover, they are about to cut 2,800 jobs as they look revive their declining sales. New CEO has Taken Reigns John Foley, Peloton’s co-founder will step down to become the executive chair. He led the company for more than a decade. Barry […]
Thousands of unvaccinated New York city workers will lose their jobs on Friday. Friday marks the end of extended deadline period of vaccine mandate. 3,000 Workers to Lose Jobs for Refusing Vaccination Mayor Eric Adams rejected the pleas of hundreds of municipal workers who protested against the vaccine mandate. The mayor reaffirmed the vaccine ultimatum […]
Eli Lilly and Company is planning to build a new manufacturing plant in Concord, North Carolina. The company will invest $1 billion for the new site. Moreover, they are expecting to create almost 600 new jobs. It also expects 500 more positions during building of the facility. Local Expertise at Concord The new facility will […]
Amazon is doubling the base salary to $350,000 per annum for some of its corporate and technology employees. The decision to increase the base pay is to retain and attract the tech talent in a competitive job market. According to an internal memo, the tight labor market is forcing Amazon to give higher raise to […]
The U.S. economy created far more jobs than expected in January. According to data from Labor Department, nonfarm payrolls increased by 467,000 jobs last month. Better than Expected Jobs Data The January jobs data was better than the expectations amid the fast-spreading Omicron cases. “The labor market started the year off on a stronger-than-expected note […]