21 HR Jobs of the Future – Harvard Business Review
21 HR Jobs of the Future Harvard Business Review
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Tag: Jobs
UK Energy Giant Will Cut 5,000 Jobs
The post UK Energy Giant Will Cut 5,000 Jobs appeared first on POWER Magazine.
Centrica, the major UK utility and the biggest supplier of energy to British homes, on June 11 said it would cut 5,000 jobs as part of a cost-cutting effort. CEO Chris O’Shea, who took over the company three months ago, said he also wants to simplify the utility’s business model.
The company Thursday said the changes would fast-track cost savings as part of its plan to cut $ 2.54 billion from the business by 2022. Centrica is the parent of British Gas, and the company in a February financial report said it lost £849m ($ 1.07 billion) in 2019. It blamed the loss on the UK’s cap on energy prices, and falling prices for natural gas. The government price cap weighed on the company’s profits, and many of the utility’s customers have left to find smaller and cheaper suppliers.
Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened – The Washington Post
- Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened The Washington Post
- Why the Shockingly Good Jobs Report Might Be Bad News New York Magazine
- An explanation of Friday’s shocking jobs report Slate Magazine
- Stunning Job Gains in May Propel Stocks Higher Investopedia
- May’s Jobs Report Brought Good News — But Not For Everyone FiveThirtyEight
- View Full Coverage on Google News
Clean Energy Sector Sheds 106,000 Jobs in March
The post Clean Energy Sector Sheds 106,000 Jobs in March appeared first on POWER Magazine.
The renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month, according to an analysis of unemployment data released April 15 from several clean energy groups.
Wednesday’s report said hundreds of thousands more job losses in the sector are expected in the next several months due to the impact of COVID-19 lockdowns and quarantines, which have disrupted supply chains and created project delays worldwide.
The analysis of Department of Labor data by groups including E2 (Environmental Entrepreneurs), the American Council on Renewable Energy (ACORE), E4TheFuture, and BW Research Partnership found that 106,472 workers in clean energy occupations filed for unemployment benefits in March. Those job losses wiped out all 2019 job gains in the clean energy sector, which includes renewable energy, energy efficiency, clean vehicles, energy storage, and clean fuels.
Jobs lost include electricians, HVAC and mechanical trades technicians and construction workers who work in energy efficiency; solar installers; wind industry engineers and technicians; and manufacturing workers employed by electric and other clean-vehicle manufacturing companies and suppliers.…