HUTCHINSON, Minn. (AP) — Hutchinson Technology will cut 30 percent to 40 percent of its U.S. work force as part of a consolidation plan, the company said Tuesday, sending shares plummeting 10 percent before the market opened. The cuts amount to between 680 and 910 of its 2,275 workers. Hutchinson said its needs fewer employees now because of advancements in manufacturing technology.
When Erin McFarlane looks at public workers, she sees lucrative pension benefits she doesn't ever expect to get. And it makes her mad. "I don't think that a federal employee or government employee is worth any more than anybody else who does their job and does it well," said the Slinger, Wis., woman.
TOKYO (AP) — Toyota Motor Corp. said Tuesday that global sales of its hybrid models have topped 3 million vehicles on the back of brisk demand for the Prius. The world's No. 1 automaker has sold more than 3.03 million gasoline-electric hybrid vehicles worldwide since 1997 when Toyota first rolled out the Prius in Japan, it said.
GOSHEN, Ind. (AP) — The owners of a Goshen-based food distributor say they plan to sell the company to its 280 employees rather than risk selling it to a company that might move it. The Goshen News reports that Becky and Paris Ball-Miller will sell the company to its employees over the next 10 years.
DEARBORN, Mich. (AP) — Ford Motor Co. has rewarded CEO Alan Mulally with stock worth $56.5 million before taxes. Executive Chairman Bill Ford Jr., the man who hired Mulally, got stock worth $42.4 million. The Dearborn, Michigan, company disclosed the awards in filings Monday with the Securities and Exchange Commission.
DETROIT (AP) — Part of a Michigan auto parts factory that was damaged by fire last week started producing again over the weekend, easing a parts shortage that had forced two auto companies to shut down some assembly lines. The fire Wednesday at a Magna International Inc. plant caused General Motors Co.
Bill Gates, well-known for being the founder and main proprietor of Microsoft for many years, now heads a foundation that invests in forward-thinking technology to help propel the world into a better future. As he explains in this talk, the key to solving the world's energy crisis isn't in making Americans use less, or taking away the services that we hold dear, but rather using technology that creates energy with little environmental backlash.
Mountz, Inc. (San Jose, CA) has developed a new line of cordless screwdrivers to their FlexPower-branded lineup, designed for torque control and durability. The tools are built around the 10.8V and 14.4V high-capacity lithium-ion battery platforms. According to the company, they are ideal for applications where air or electric power is not easily accessible, and they automatically stop when the preset torque has been reached.
The new Oil Eater Floor Cleaner from Kafko (Skokie, IL) comes packaged in a 1.5 oz. pouch, and simplifies the task of cleaning floors and walls, according to the company. The pre-measured packets help maintain proper dilution and control wasteful overuse, while still being compatible with a mop bucket or floor scrubber.
SKF (San Diego, CA) has developed the Microlog Inspector, the next generation SKF MARLIN inspection system, which provides the ability to manage workflow and data collection within and between different plant disciplines (operations, maintenance, safety, etc). The Microlog Inspector does not need to be connected to a PC running SKF’s @ptitude software package because it supports communication over LAN, USB, WiFi, and even cellular data networks (3G/GPRS).
Henkel Corporation (Rocky Hill, CT) has introduced two Loctite Structural Acrylic Adhesives formulated to fixture in just five to 20 minutes. The Loctite H8100 and H8110 Speedbonder Structural Adhesives provide excellent peel and shear strength once cured, and the bonds are designed to reduce or eliminate welds, rivets, and threaded fasteners.
If you’re sourcing stamped metal parts from overseas, you may be required to order far more than you really need. Using fourslide fabrication can eliminate that requirement. If you’re sourcing metal stampings from overseas locations such as China, you’re most likely buying in large volumes, perhaps container-loads.
Doug Newman, Consumer Packaged Goods Sector Lead, Celerant Consulting According to new research published by the Economist Intelligence Unit and sponsored by Celerant Consulting, senior executives are shifting their priorities towards growth and the future as the economy slowly recovers. Food Manufacturing spoke with Doug Newman of Celerant Consulting about the most important changes CPG manufacturers can make in these crucial times.
IRVINE, Calif. (AP) — Hard drive maker Western Digital Corp. is buying Hitachi Global Storage Technologies for $4.3 billion in cash and stock. Western Digital said Monday that the deal includes $3.5 billion in cash, plus 25 million of its common shares. The stock is valued at $750 million based on the company's Friday closing stock price of $30.
PEORIA, Ill. (AP) — The United Auto Workers says employees of Caterpillar Inc. have approved a new labor agreement. The UAW says a majority of members at Caterpillar approved the new six-year contract in voting Sunday. The union did not provide specific numbers on how members voted. The contract covers about 9,500 hourly production and maintenance workers at Caterpillar facilities in the Illinois cities of Peoria, Aurora, Decatur and Pontiac, and those in York, Pa.
CLEAR BROOK, Va. (AP) — In a house in the Dominican Republic, Erwin Deininger moves a computer mouse. Thousands of miles away in Frederick County, a 4-foot-tall state-of-the-art robot comes to life in a small factory, out of place among the old wood paneling and mechanical pencil sharpeners that adorn the walls and the steel machines that grind and crank on the factory floor.
WEBSTER CITY, Iowa (AP) — The end is rapidly approaching for Electrolux's presence as a major manufacturer in this town. As the scheduled March 31 closing date nears and production lines fall irreversibly still, the cavernous building will gradually fall silent. And, more than 4,000 miles away, corporate leaders in Stockholm, Sweden, will deliver to AB Electrolux stockholders the results of the multinational appliance manufacturer's efforts to pare down expenses and improve a different line: the corporate bottom line.
LORDSTOWN, Ohio (AP) — Work will resume at a General Motors plant in northeast Ohio on Tuesday following last week's shutdown caused by a fire at an auto parts plant in Michigan. Tom Mock of General Motors Co. says shifts will begin at the Lordstown plant near Youngstown after significant progress has been made by Magna International Inc.
BEIJING (AP) — China's imports will rise and its politically volatile trade surplus should shrink this year as Beijing builds up a consumer-based economy to reduce reliance on trade, the commerce minister said Monday. The government's 2011 economic blueprint calls for nurturing self-sustaining growth by promoting consumer spending.
Keller Products, Inc. (Lexington, MA) has developed the TKO-10-DP pump/skimmer specifically for dye penetrant applications, which are used to detect cracks, seams, or porosity in the surfaces of the parts. The system pulls the penetrant from the surface of the tank through a floating inlet valve using an air-operated pump, separates the penetrant from the rinse water with a permanent separator element, and returns water to the rinse tank at a high flow rate.