Results tagged “jobs”

Unemployment figures in parts of east London have risen by almost 16 per cent over the last year.

Figures released today showed the jobless totals in Newham have risen from 10,265 to 11,877 in the year to October, an increase of 15.7 per cent. In Tower Hamlets the figure rose to 11,486 from 10,147, a 13.2 per cent increase.

Barclays has reported a fall in profits for the first six months of this year, although it still made £2.6billion.

The Canary Wharf-based bank saw its profits drop by 33 per cent from the same period last year, and warned that it intends to shed at least 1,400 jobs to cut costs.

Wharf-based bank HSBC has said it will cut 25,000 jobs by 2013 and exit operations in 20 countries as it looks to save billions of dollars. The UK workforce is unaffected in this latest round of cuts.

The O2 contributes £405million a year to London's economy, according to a study commissioned by owners AEG.

The report found the venue attracts up to 7.2million visitors a year and contributes £126 million additional income a year to the Greenwich area and created 600 jobs for local people.

Tower Hamlets residents need to be on their toes if they are to take advantage of the job opportunities coming their way from the Olympics.

The borough missed out on staging any events during the Games, but to compensate Locog are offering residents the first chance to apply for jobs created through the award of supplier contracts.

The legacy use of the Olympic Broadcast and Media Centres are causing the most concern for the team charged with making a commercial success of the venues after the 2012 Games.

Baroness Ford and Andrew Altman, chair and chief executive of the Olympic Park Legacy Company, made the admission when they were questioned by the London Assembly this morning.

This year will see new challenges and opportunities for employers and job seekers in London.

Financial recruitment consultancy Robert Half has taken a look at what can be expected for the City's employment market in the year ahead.

Citigroup is switching back into growth mode after three years of retrenchment and restructuring, according to the Financial Times.

The firm is reported to have fired the starting gun on a recruitment drive, indicating that the job market across the financial sector may be on the up.

Planning permission has been granted for a four star hotel to be built next to The O2.

Greenwich Council's planning board last night approved plans for the 452-bed hotel, which will also feature a ballroom, restaurant and health spa. It will also have a sky bar and executive lounge overlooking the River Thames.

The Olympic Games are still over two years away but planning for what will happen on the Park after 2012 is well underway.

The Olympic Park Legacy Company was set up last year to oversee the long-term development of the area and its chairwoman, Baroness Ford, recently gave evidence to a House of Commons select committee about its plans.

By John Biggs

We are of course all concerned about the economy but different political parties have different solutions for dealing with it.

The next few months will clarify whether the worst is over, and in the next few years we will understand whether we made the right choices.

By Tim Archer

I want to return to the subject of unemployment and how Tower Hamlets is failing our young people. We have the worst unemployment rate in the country, with 11.7 per cent of the population out of work.

As bad as that statistic is, it hides an even bigger issue - the problem of youth unemployment.

My daughter is half way through her A-level exams. If she gets the grades she will be off to university.

And after she's finished she will, in theory, be able to walk into a "graduate" job. Two things strike me about this. First, this is not a good time to be a graduate looking for a job.

Unemployed Newham residents are being given the chance to give their careers a lift-off thanks to a scheme being run by London City Airport.

The Take Off Into Work programme has been launched by the Airport in partnership with Newham Workplace and the East London Business Alliance.

Securing an interview for that ideal job is a huge step, but one that might fall flat if the employer is convinced that they're talking about wages and work duties with Bigfoot.

As part of The Wharf's focus on finding work, it's shearing time for reporter John Hill.

In the second of a two-part series, The Wharf talks to recruitment agency Formula One about successfully returning to the UK workforce after spending time abroad.

For more information about the agency, go to formula-won.co.uk

In the first of a two-part series, The Wharf talks to recruitment agency Formula Won about finding your perfect job abroad - and slotting back into the UK workforce on your return.

Job prospects for graduates were dealt another blow with the results of a new recruitment survey.

According to results from the Robert Half CFO Confidence Index, 91 per cent of chief finance officers (CFOs) of London firms were not looking to recruit graduates this year.

Barclays plan to axe 410 jobs in its IT departments in London, Cheshire and Northampton.

The Churchill Place-based bank has kicked off the consultation process on the cuts, which union officials describe as "a bitter blow" to the workforce.

Bank of America plans to reduce its workforce by more than ten per cent over the next three years.

The corporation - which employs around 1,700 people at its European HQ in Canada Square - cited the merger with Merrill Lynch and "the weak economic environment" as reasons for the move.