Finance

Ford to Cut 1,000 North America Salaried Jobs Amid Overhaul

(Bloomberg) — Ford Motor Co. is preparing to trim about 1,000 salaried jobs in North America, looking to its home market for savings as part of an $11 billion global restructuring begun two years ago as it projects an operating loss this year.

The job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action on Monday who asked not to be identified revealing internal plans. An announcement could come as early as this week, the people said.

Ford is in the midst of a sweeping reorganization as it seeks to reverse declining fortunes and achieve what Chief Executive Officer Jim Hackett calls financial “fitness.” The company expects to report a full-year operating loss for the first time in a decade.

Last year, Ford closed plants and eliminated thousands of jobs in Europe, where it

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Education jobs spike amid the pandemic: Monster

Monster shows that the field of education is garnering increased attention during the COVID-19 pandemic. ” data-reactid=”32″New data from the Monster shows that the field of education is garnering increased attention during the COVID-19 pandemic. 

Monster career expert Vicki Salemi tells Yahoo Finance that job searches and postings have spiked as the nation tries to figure out its back-to-school situation. Searches for “education” and “teacher” have increased dramatically since April.

“The top three [positions] are teachers and instructors, instructional designers, and technologists. So thinking about the roles that people are teaching in the current curriculum and methodology, involving technology, and this new normal,” she says.

Salemi says that tutor positions have been on the rise in July and August compared to the same time last year. Monster data also show that there has been an increase in the need for specific skills within the field of education, such as tutoring,

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UK finance jobs revival halted by coronavirus

The COVID-19 pandemic killed a tentative revival in the City of London jobs market, new data shows.

Recruiter Morgan McKinley said on Monday that the number of new listings for financial services jobs in London rose by 8% in the first three months of 2020 compared to the final three months of 2019.

Job listings surged 97% in January, after Boris Johnson’s decisive election victory spurred optimism about a resolution to Brexit. Listings continued to grow in February but sank 38% in March as the novel coronavirus brought the UK economy to a halt.

“Out of the frying pan and into the fire,” said Hakan Enver, managing director at Morgan McKinley UK. “We barely got to take a breath between Brexit and this new global crisis.

“London came back in the new year, with a renewed optimism, which was reflective in the general mood of employees and employers alike. Soon

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Accounting & Finance jobs in China

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  • UIC now invites candidates for this position which is expected to be filled in September 2020:   Professor/Associate/Assistant Professor in Financi…

  • UIC now invites candidates for this position which is expected to be filled in February 2020: Faculty Positions in Finance and Financial Services

  • BNU-HKBU United International College (UIC), located in Zhuhai, PRC and founded jointly by Beijing Normal University and Hong Kong Baptist Universi…

  • Formed in 2006, Xi’an Jiaotong-Liverpool University (XJTLU) is a joint venture of Xi’an Jiaotong University in China and the …

  • Xi’an Jiaotong-Liverpool University (XJTLU) is a unique collaborative institution and the first joint-venture university in China to …

  • SUSTech, officially established in April 2012, is a public institution funded by the municipal of Shenzhen, a special economic zone …

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Accounting & Finance jobs in United States

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  • The beautiful and culturally progressive State of Qatar is home to the world-class post-secondary institution,…

  • The Research Administrator will be an integral part of a team that addresses the immediate- and long-range financial needs …

  • Working at MIT offers opportunities, an environment, a culture – and benefits – that just aren’t…

  • The Research Accountant will be a part of the Sponsored Receivables Management (SRM) team in Office of Research …

  • The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education,…

  • The Data Analyst position is fully competent to perform analytical work and other operational duties in the area of building design …

  • this position will determine potential sources of funding and prospective partnerships. Evaluates feasibility …

  • The University of Chicago Booth School

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Job security fears major reason for low housing demand

New Delhi: With widespread layoffs and pay cuts across sectors, concerns regarding job security and wage reduction have emerged as a major deterrent for prospective home buyers from making the deal and buying an apartment of their own, according to a survey by JLL.

The survey on home buyers’ preference amid COVID-19 shows that in the current fragile employment scenario and an atmosphere of subdued economic sentiment, survival becomes the priority.

“Homebuyers are either anxious about job security or anticipating salary cuts, which resulted in consumer sentiments taking a massive hit,” said the report.

It noted that prospective buyers are also expecting further drop in house prices.

The report says that there is increased pent-up demand in the market, but this will translate into higher sales only when the economy stabilises and prospective buyers feel secure about their jobs.

According to Homebuyer Preference Survey, 91 per cent respondents wanted to

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UK financial job vacancies shrink by 60% in second quarter: data

LONDON (Reuters) – The volume of UK financial sector job vacancies dropped by 60% in the quarter to end-June, data on Wednesday showed, as the COVID-19 pandemic inflicted fresh injury to a labour market already reeling from restructuring and Brexit.

FILE PHOTO: Workers wearing face-masks travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby Melville

The latest Morgan McKinley Spring London Employment Monitor, which details hiring trends across Britain’s financial industry, showed the number of job-seekers fell by almost a third in the three month period from April, with available jobs plunging by 72% year-on-year in that month alone.

The latest figures follow a rapid slowdown in hiring seen in March, when the number of available jobs dropped by 38% compared with February.

The early part of the April-June quarter was dominated by government-imposed lockdowns to

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Chrystia Freeland to take Canada’s top finance job



Chrystia Freeland wearing glasses: Chrystia Freeland is one of PM Justin Trudeau's most trusted ministers


© Getty Images
Chrystia Freeland is one of PM Justin Trudeau’s most trusted ministers

Canada’s deputy prime minister Chrystia Freeland will be taking over the role of finance minister, Canadian media report.

Bill Morneau stepped down on Monday from the top finance job amid pressure from opposition parties, after five years in the role.

Ms Freeland, 52, will become the first woman to hold the powerful portfolio in Canada.

She is one of Prime Minister Justin Trudeau’s most trusted ministers.

Canada is going through its worst economic crisis since the Second World War due to the economic impact of the coronavirus pandemic.

She has previously held several high-level cabinet positions, including the international trade portfolio.

As foreign minister she helped renegotiate the North American Free Trade Agreement – or Nafta – with the US and Mexico.

The former journalist was first elected as a member of parliament (MP) in 2013.

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Top 10 Cities for a Career in Finance

There are finance jobs to be found in nearly every city in the world, but some cities offer more potential than others. This article pinpoints 10 top cities for finance jobs and examines their language requirements, typical weather, cost of living, and other factors. All of these cities are expensive places to live, but they also offer plentiful and high-paying jobs in the finance industry. 

Here are 10 of the most popular cities for finance professionals (in no particular order):

1. Boston, Massachusetts, USA

Mercer’s* Cost of Living Ranking for 2020: 41

Language: English

Average Monthly Rent for a 1-Bedroom Apartment: $2,618 (2020)

*Note: Mercer is an international human resources company that offers financial advice, products, and services. The highest cost of living city is listed as No.1, and the comparison cities are rated in descending order. The numbers listed here are as of March 2020.

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Toughest Finance Job in India Keeps Yes Bank CEO Awake at Night

Prashant Kumar

Photographer: Dhiraj Singh/Bloomberg

Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. He was offered the job of rescuing the country’s most troubled private-sector bank, and — if he accepted — told to report for work at 8 a.m. the following morning.

“The first thing that came to my mind was where was the address,” he recalled. “I had to Google it.”

Kumar had little hesitation in accepting the position of chief executive officer of Yes Bank Ltd., the lender that was teetering on the edge of insolvency before being bailed out that month at a cost of $1.3 billion. The only concern came from his wife, who Kumar says was “shocked” that he had resigned from his safe post at the government-controlled SBI, where he was chief financial officer.

Another failure of

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