August 21st, 2008
One company is cutting even more jobs in Chicago and elsewhere.
Motorola Inc. announced earlier this month is would cut 2,600 more jobs in an effort to save $500 million in annual revenue to help cope with declining revenue, according to an article from Chicago Business.
Many of the specific job cuts have already been announced, including 700 employees in Singapore, 355 positions in Plantation, Fla. and 60 jobs in Birmingham, England. The company has not announced exactly how many Chicago jobs it will cut, but the company employs 15,000 people in the city.
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August 11th, 2008
The expansion of a nearby national laboratory could create new jobs in Chicago.
Argonne National Laboratory is bidding for a government-funded research facility that would create hundreds of new jobs.
According to a ChicagoBusiness article, the laboratory wants to house a $550 million facility for rare isotope beams to conduct fundamental physics research, a project recently approved by the federal government after being delayed for many years. The facility also would be used to conduct research into the origins of elements.
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August 6th, 2008
Despite problems on Wall Street and in other corners of the country, people are finding many opportunities for Chicago finance jobs.
According to a recent article in the Chicago Tribune, finance jobs in Chicago have remained strong-and even continue to hire new employees-despite the fact the city’s unemployment rate rose to 6.8 percent in June. Job postings for trading firms in the city can offer salaries as high as $600,000, while the average Chicago wage equals $45,710.
Mesirow Financial, based in Chicago, has entered discussions with more than 30 traders, bankers and investment managers. The firm also recently hired executives who previously worked for Bear Stearns Co., including the head of the company’s municipal bonds desk.
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July 30th, 2008
The film industry in Illinois not only has a sizable impact statewide, but as of late has particularly created many Chicago jobs.
In 2007, according to a press release from the State of Illinois, Illinois film productions allowed for more than 26,500 hires statewide, a 110 percent increase from 2006.
Most recently, the new Batman movie The Dark Knight was shot in Chicago, and brought nearly $40 million in revenue to the state’s economy, making it the largest movie filmed in Illinois on record. The film created 4,500 Chicago jobs.
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July 30th, 2008
Earlier this month, MillerCoors announced it would bring its new headquarters to Illinois, and in turn would create hundreds of Chicago jobs.
According to a press release from the State of Illinois, the company’s agreement to bring the headquarters to Chicago - a $39.5 million investment - will result in an $18 million state investment package for the company. The move comes as part of Governor Rod R. Blagojevich’s Opportunity Returns program, an economic development strategy to create jobs and build the state’s economy.
“We are very excited to be working with MillerCoors to help establish its corporate headquarters in Illinois,” Blagojevich said. “MillerCoors’ choice of Chicago for its headquarters again reinforces what we already know – Illinois has great people and resources. This investment will contribute to a stronger regional economy, which will help create new jobs in the state and opportunities for the company to grow in the future.”
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