George Osborne is expected to outline ambitious plans to create 50,000 new jobs in the North East over the next five years.
The Chancellor of the Exchequer will visit businesses across the region today to set out the government's long-term plan, which he said would boost the regional economy by £6billion.
He will also promise more investment in transport in the North East.
Wonga has announced restructuring which expected to lead to the loss of 325 jobs.
The payday lender currently employs around 950 people and said the losses come as it aims to, "refocus on its consumer businesses."
Wonga can no longer sustain its high cost base which must be significantly reduced to reflect our evolving business and market. Regrettably, this means we’ve had to take tough but necessary decisions about the size of our workforce. We appreciate how difficult this period will be for all of our colleagues and we’ll support them throughout the consultation process.
325 jobs are to go at Wonga as part of "a restructuring and cost reduction programme".
The move is hoped to save the company £25 million over the next two years. Wonga said costs at the company tripled between 2012-2014.
There will now be a 30 day consultation period for those who are at risk of losing their jobs.
Barclays Contact Centre in Sunderland has announced plans to create more than 100 jobs as part of its ongoing recruitment during 2015.Read the full story ›
The 600 new roles will be across all disciplines from skilled construction roles through to head office support positions.Read the full story ›
South Tyneside Council has committed to phasing in a national living wage. By April 2015 all employees will be paid at least £7.29 per hour.Read the full story ›
Hundreds of jobs with some of the region's biggest employers will be on offer today, October 16, at the SHINE recruitment event at St James' Park.
Jobseekers can attend workshops and find out about some of the 1,000 vacancies available from employers, who include Tesco Bank, More Than and BT/Manpower, between 10am-4pm.
More than 400 people have signed up to take part in a 'talent showcase' where there is a chance to walk away with a job offer at the fair itself.
Tata Steel is planning to sell its Long Products division, which employs 6,500 workers at sites including Teesside, Cumbria and York.Read the full story ›
A council project to create pre-payment cards for people on benefits has been cancelled, after only two volunteers signed up.Read the full story ›
Final plans are being submitted to create Europe's largest potash mine. York Potash hope to build the £2bn mine on the North York Moors National Park. Campaigners argue it could ruin the environment but supporters say it would bring jobs.
Last year, the controversial plans were deferred till now. York Potash asked for more time to submit further details on the application - deferring the decision for a third time.
Over 80 people are at risk of losing their jobs as the announcement comes that a supermarket will close in Crook in November.
The Co-operative on New Road employs 83 people, who are all at risk of being made redundant when the shop closes on 29th November.
The supermarket has been sold to Lidl, which intends to undergo "extensive works".
A spokesperson for The Co-operative Food said:
I can confirm that we have agreed to sell our food store in Crook to Lidl. The Co-operative Group continually reviews its retail estate, and we have made the decision to focus on smaller convenience stores and sell those trading outlets that do not align with our strategy.
All 83 staff will transfer to the new operator, and it will continue to trade as a Co-operative store until it transfers to Lidl. However, we understand that following completion of the acquisition Lidl intends to undergo extensive works at the store, after which it will be six months before it re-opens. Regrettably, this means that all staff are at risk of redundancy.
The consideration to sell the store is in no way a reflection on the hard work and commitment from colleagues working at the Crook store.