Minneapolis based
Medtronic, one of the countries largest producers of cardiac devices, plans to do away with approximately 900 jobs. The company is scaling back as a result of the fact that the market for its products has slowed down. Michael Barr, an analyst for Victory Capital Management, which owns shares in Medtronic says that they have known “Medtronic was scaling back for a while.” He goes on to say that “as the market slows, it's only appropriate.”The jobs are approximately 2.4 percent of the company's workforce and will save Medtronic about $125 million a year.
Some of the positions to be lost may effect
Minneapolis jobs. According to a spokesperson for Medtronic, 500 of the jobs cut will be from the cardiac rhythm management section of the business, 200 will be from the cardiovascular business, and 200 will be from the Physio-Control subsidiary. There are plans for the latter to become and independent company in the near future as soon as issues with the Food and Drug Administration are resolved.
As of the end of July, 349 of
jobs online had already been cut. The remainder of the positions will be eliminated through early retirement packages and both voluntary and involuntary separations. Medtronic plans to stagger these out between now and April 2008, which is the end of the Fiscal year. In doing so, many employees will have plenty of time to locate new employment.
Future
jobs in Minneapolis to be cut are not expected at this time. Although the market has slowed, it is still profitable enough to support current staff, as Medtronic still has revenues of $12.3 billion. Barr says that this is the only option for the company to continue to profit considering the fact that the market “isn't recovering as fast as people had hoped.”
For those effected by Medtronic's layoffs, there is always the option of seeking
employment in Minneapolis with Minneapolis-based St. Jude Medical. Aside from providing
healthcare careers, St. Jude manufactures the same or similar products to those produced by Medtronic and is one of the top three medical device makers. Boston based Boston Scientific is the also another option for those not opposed to relocation.
Labels: minneaplis jobs
Austin area job-seekers can take solace is the fact that, despite the recent layoffs in the mortgage industry, the area's economy is actually fairing better than most cities are. According to Brian Kelsey, the assistant director of the Capital Area Council of Government, the “regional job growth is the Austin-Round Rock area was above 2.5 percent during the past seven years, outpacing both state and national job growth rates during that time period.”
Within the last year, there have been 1,275 new manufacturing
jobs in Austin. In a time when many cities throughout the nation are experiencing a cut back in this industry, Austin's statistics seem especially promising.
As the world becomes smaller through the use of technology, it is no surprise that many new
Austin jobs were added in the IT sector. With the addition of 64 new computer programming firms, 1,261 new Austin jobs were created last year. The computer systems design sector saw the opening of 48 new firms, which brought approximately 440 new jobs to the area in 2006. Wired telecommunications firms added 45 new businesses and 939 new employees.
Over the past year there has been 33,100
new Austin jobs generated. There have also been 36 corporations to announce plans to relocate to the Austin area, which will bring a sizable number of jobs to the city.
At a recent CAPCOG meeting, an updated version of the five-year workforce strategy plan was presented. This plan discussed the creation of new Austin jobs and the city's plan to attract corporations with relocation in mind to the area, in hopes of diversifying the city's economy. The chamber plans on creating 72,000 new Austin jobs and is aiming to entice at least 100 new businesses to the city.
Labels: Austin jobs
Considering that Las Vegas wasn't built on winners, the only guaranteed way to make money at a casino is to work there. That being said, the employment opportunities available to those seeking
Las Vegas casino jobs do not stop at the black jack table.
Many people do not realize the sheer number of employees it takes to run a hospitality/entertainment business the size of a profitable casino. The amount of work going on behind the scenes offers a wide variety of Las Vegas casino jobs that are not often glamorized or even featured on television. Aside from the usual card dealers and bartenders,
employment opportunities are abundant in a variety of different fields which require staff members with a variety of different
educational backgrounds.
With such a large number of staff required to keep things running smoothly, large casinos such as those found in Las Vegas require a
human resources department. These individuals are usually responsible for creating and keeping track of schedules, hiring new employees, and managing the payroll. There are also similar style Las Vegas casino jobs for those with inventory experience who can manage the large quantity of goods that are used by gambling hall patrons.
When dealing with the large amount of money a casino takes in a night, accountants and various financial staff of necessary. These individuals handle budgets, make sure that funds are properly allocated, and are responsible for a variety of other things.
To guarantee that the business continues to have be popular and maintains a positive public persona, many casinos offer a variety of PR positions. These individuals may handle anything from press releases to advertising contracts along with promotional activities.
There are also plenty of
jobs to be had in a Las Vegas casino for those with experience in the food service industry. Aside from the usual wait staff, casinos require chefs, kitchen staff, and individuals to unload new inventory. Many casinos also have positions for dietitians.
For those casinos that are a part of a hotel, booking staff and management are a necessity. Such places also have a large need for maintenance and cleaning staff to ensure that their establishment remains up to par.
Las Vegas casinos offer a variety of other jobs to the area including positions for security and surveillance personnel, marketing and advertisement staff, and a variety of different types of managers.
Labels: Las Vegas jobs
