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Ailing market has few places for doctors

By Stephen Lacey

PhD graduates are struggling to find employment in their specialist fields, according to a report by the Australian Council of Learned Academies.

The report was commissioned by the federal government to find out if Australia was producing too many PhD graduates.

The author of the report, Toss Gascoigne, says the results indicate that there are more PhDs than jobs and that young researchers struggle to compete to win grants or fellowships, or to win positions.

The unhappiest graduates surveyed were those who had studied physics, chemistry, biology and medical science.

Crazy gets cut

More than 300 jobs are at risk following Vodafone's announcement that it will close the Crazy John's chain of mobile phone stores on February 20.

Vodafone bought the Crazy John's brand for an estimated $150 million in 2008. Some Crazy John's stores will close, while others will be rebranded as Vodafone. A spokeswoman for Vodafone says it will attempt to redeploy as many Crazy John's employees as possible in existing Vodafone stores.

In October 2012 the telco slashed 500 jobs across Australia in the face of plummeting customer numbers and poor network coverage.

Demolition site

The downturn in housing construction is being felt by building products manufacturers, with Boral the latest to announce massive redundancies. It will cut 700 jobs as part of a company-wide restructure to reduce costs.

The job losses, which account for more than 8 per cent of Boral's local workforce, are expected to affect all employees from management level to manufacturers, with 200 redundancies already taken. The remainder of redundancies are expected to be completed by March.

Boral recently announced plans to outsource production, taking the company's total job cuts in the 2012-13 financial year to 1000.

Job ads dive

Jobs advertisements are at their lowest level in three years, according to recent figures from ANZ. During December, the number of job ads fell 3.8 per cent, following a 2.8 per cent decline in November. This was the 10th consecutive monthly dip.
Internet job ads had the sharpest decrease in December, falling 3.9 per cent, compared with newspaper job ads' more modest decline of 0.4 per cent.

Published: 19 January 2013

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