Republican Gov. John Kasich is facing criticism over the indefinite shuttering of Ormet Corp., an aluminum smelting giant along the Ohio River and the onetime largest customer of American Electric Power. About 1,000 workers — mostly unionized steelworkers — are out of work.
While the economy appears to be turning around, employers across the country continue to make difficult decisions concerning mass layoffs and plant closings. Employers that forget about the Worker Adjustment and Retraining Notification Act (the “WARN Act”) and applicable state “baby” WARN Acts do so at their peril.
Truck maker AB Volvo says its earnings dipped on lower sales in the third quarter and that it will slash 2,000 jobs as part of a cost-cutting program.
The uncertainty and weakness that hung over the U.S. job market in September before the government shut down aren't going away.
United Technologies Corp.'s third-quarter profit rose just 1 percent, and the aerospace and building systems conglomerate warned Tuesday that weak military aerospace sales are expected to cut into revenue this year.
A tight job market has discouraged many Americans from looking for work. The percentage of Americans working or looking for work remained at a 35-year low last month.
Demand will be spurred by new products and innovations, Honeywell said in a report released Sunday in Las Vegas before Tuesday's opening of the National Business Aviation Association's trade show.
Commerce Secretary Penny Pritzker tells the audience at Fortune's Most Powerful Women Summit that investments in infrastructure and education will create better jobs.
Optimism among U.S. industrial manufacturers regarding the global economic outlook reached the highest level since the first quarter of 2012.
In the oil fields of Texas and North Dakota, communities that are enjoying the most prosperous economic boom in a generation are increasingly thinking about the days after the surge in drilling is over.
The defense contractor, which is based in Waltham, Mass., said that it is designing the radar for the Flight III Arleigh Burke destroyer beginning in 2016.
Six high-tech companies will invest $1.5 billion in the Mohawk Valley to create more than 1,000 high-tech jobs and help grow a second nanotechnology hub upstate, Gov. Andrew Cuomo said Thursday.
The Grand Forks Herald reports that Denmark-based LM Wind Power expects to have 570 employees at its North Dakota facility by the end of the year.
An apparel-maker that produces T-shirts, socks and other clothing plans a $250 million factory expansion that will add about 500 jobs in the next three years.
Telecommunications equipment maker Alcatel-Lucent SA said Tuesday that it plans to cut 10,000 jobs worldwide over the next two years, the latest cost-cutting drive from the loss-making company.
The increase in natural gas production has had a devastating impact on coal country, forcing many miners to seek employment elsewhere. Eastern Kentucky has lost 42 percent of its mining jobs, and CBS News' Jeff Glor reports from one of the hardest-hit towns.
Lockheed Martin says it will furlough 3,000 employees on Monday due to the government shutdown. The defense company said Friday that the number of employees put on furlough will increase weekly if the shutdown continues.
About 80 workers are expected to lose their jobs over the next 15 months as Cummins Filtration closes down its operations in the northern Iowa city of Lake Mills. Cummins Inc. spokesman John Mills says employees will receive severance and outplacement services.
Georgia Gov. Nathan Deal has announced a floor covering manufacturer is planning to expand its plant in Morgan County and create more than 200 new jobs. Deal announced Thursday that Mannington Mills is planning to create 219 new jobs as it expands its Plant in Madison — about 30 miles south of Athens. Deal says the company is planning to invest $50 million in the expansion.
The bitter blame game continued with the still employed politicians in DC - while as many as a million workers were sent home on Tuesday, out of work and out of luck. The government's partial shutdown also means the September jobs report is being postponed. The workers who produce it aren't deemed "essential," which is why they're among the 800,000 federal employees being furloughed.
A northeast Ohio company that manufactured cancer drugs is closing, and more than 1,000 jobs will be lost. Ben Venue Laboratories Inc. said Thursday it will stop production by the end of this year. The Bedford company says all 1,100 jobs will be phased out starting this month and continuing into next year.
The latest victims of the government's partial shutdown: policy wonks, politicians and TV talking heads who are losing their monthly opportunity to dissect the jobs report issued by the Bureau of Labor Statistics. It happens the first Friday of the month at 8:30 a.m. Eastern time. Except this Friday.
United Technologies Corp. says it may furlough more than 5,000 workers if the U.S. government shutdown continues into next month. The company said Wednesday that its Sikorsky division, which makes Black Hawk helicopters, would be hit first. It expects nearly 2,000 employees, including those employed at facilities in Connecticut, Florida and Alabama, will be furloughed on Monday.
A Germany-based automotive supplier is planning to build a new production plant in Kentucky. The $120 million facility will be called Bilstein Cold Rolled Steel and will employ 90 workers. The company says it is building the 150,000-square-foot facility to better serve its North American auto industry customers.
Amid the Washington shut down that furloughed nearly a million government workers, the private sector isn't doing much better. U.S. companies added just 166,000 jobs last month, which is fewer than economists had expected. Analysts say the softer numbers have renewed worries on Wall Street.