The Writing On The Wall

The rate of job growth for major US corporations is increasing - overseas. The article below highlights one of many recent developments in major job creation taking place outside the United States: Hospitality provider Starwood Hotels announced Tuesday that it plans to create 12,000 new jobs worldwide in 2010, increasing its staff by more than 8%, with about half of the new positions located in the United States.

Another interesting part of the article which indicates that there were more than 10,000 applicants for 400 positions in its new W Hotel in Washington, D.C.

GM, a company which has accepted more than $15 billion will be planning on up to 1/3 or more of its future growth overseas in China, Mexico and South Korea. Afterall, according to GM: China Sales May Eclilpse US Soon.

Starwood To Add 12,000 New Jobs
The hotel company employed 145,000 people at its corporate offices, hotels and resorts as of the end of December 2008. Starwood has cut jobs in the past year amid waning travel demand from companies and consumers.

"After a year of hunkering down and cutting costs, companies are driving their topline again," Chief Executive Frits van Paasschen said in a statement.

U.S. unemployment now stands at 10 percent, according to Labor Department figures released last week.

Starwood noted that there has been strong demand for positions at its hotels. For example, more than 10,000 people applied for 400 positions at its soon-to-open W Hollywood Hotel & Residences.

There were also more than 10,000 applicants for 300 positions at the W hotel in Washington D.C.

Shares of Starwood were down 1.5 percent to $37.15 in late morning trading on the New York Stock Exchange.