The purge represents about 5 percent of the roughly 108,000 jobs that Intel had on its payroll at the end of December. The company intends to jettison the jobs without laying off workers, said Intel spokesman Bill Calder. The reductions instead will be achieved through attrition, buyouts, and early retirement offers.
U.S. employers advertised more jobs in November and more Americans quit, positive signs for millions who are unemployed and looking for work. The Labor Department says job openings rose 1.8 percent to 4 million, the most in 5 ½ years. And the number of people quitting increased 1.9 percent to 2.4 million, a five-year high.
"We bet on American ingenuity, we bet on you, and we won," Biden told the audience, flanked by a half-dozen General Motors, Ford, and Chrysler vehicles. All three Detroit automakers have made billions in the recovery following the Great Recession.
A federal judge in Akron ruled late Wednesday against workers who had sued to block the shutdown of their plant in Amiens. The judge said the class-action lawsuit failed to prove contract violations or interference by the parent company in its French operations.
Ford said it is welcoming nearly 1,000 new employees at its Kansas City Assembly Plant to prepare for the launch of the all-new Ford Transit that goes on sale in the U.S. this summer. The plant is home of the 2014 F-150 and will begin producing the all-new 2015 F-150 in the first quarter of 2015.
The National Labor Relations Board says Wal-Mart illegally fired, disciplined, or threatened more than 60 employees in 14 states for participating in legally protected activities to complain about wages and working conditions. The labor board's general counsel first laid out the charges last November, but held off on filing a complaint while trying to work out a settlement with Wal-Mart.
Steve Forbes, Forbes media chairman and editor-in-chief, and Chicago Mayor Rahm Emanuel, discuss how implementing innovations with cheap energy will provide a renaissance in manufacturing and create more jobs.
President Obama discusses a new North Carolina "manufacturing hub" that he hopes will spread innovation nationwide.
Janesville Acoustics plans to build a $13.4 million, 155,000-square-foot facility in Warrensburg to supply parts to a General Motors assembly plant in the Kansas City area. Gov. Jay Nixon says the project could create 164 fulltime jobs in Missouri.
The White House said Obama will announce Wednesday in Raleigh that a consortium of 18 business and six universities, led by North Carolina State University, has been chosen to lead a manufacturing innovation institute to develop next-generation power electronics. It's the first of three such hubs that Obama called for in his State of the Union address last year.
The expansion of the plant in Davenport, Iowa, reflects four years of strong vehicle sales increases — U.S. auto sales rose 8 percent to 15.6 million in 2013 — and growing use of lightweight aluminum for better fuel mileage in some models.
The Senate postponed a pair of test votes on stalled unemployment legislation on Monday as Republicans and Democrats sought a compromise to restore benefits to 1.3 million long-term jobless workers who lost them abruptly late last year.
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) recently announced that construction is underway at the assembly line that will produce the first U.S.-made Lexus. Last April, TMMK announced it would localize production of the ES 350, which has never been assembled outside of Japan.
In his weekly radio and Internet address, Obama says the first step is for Congress to extend unemployment insurance for those without work. The president also points to a new initiative to boost high-tech manufacturing and other steps he plans to announce next week to put people back to work.
A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.
How did the unemployment rate drop so much given the weak job growth? Because the government conducts one survey to learn how many jobs were created and another to determine the unemployment rate. The two surveys can sometimes produce differing results.
Gov. John Kasich and company and site officials planned to officially sign an accord and discuss details in Columbus on Friday. The new plant would be on land where General Motors idled an assembly plant in 2008 in the south Dayton suburb of Moraine. There were 1,100 workers at the time.
Rockford was a finalist for a massive Boeing plant before the aerospace company reached a deal with a union and agreed to build its 777X planes near Seattle, state officials said. "It speaks very well for the Rockford region how seriously Boeing took the Illinois proposal," one official said.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.
Mazda Motor Corporation announced that production has begun at its new plant in Mexico. The plant, named Mazda de Mexico Vehicle Operation* (MMVO), is located in Salamanca, in the state of Guanajuato.
Using assembly lines, lasers and robotic arms, the Memphis facility is making cooking ranges and ovens for sale at major retailers. Heavily backed by politicians and supported by $150 million in incentives provided by taxpayers, the plant carries great expectations as a long-term job producer.
The bonus is part of the contract extension the union approved along with pension concessions in return for the company's promise to build the new 777X in Washington. The union represents about 30,000 workers in the Puget Sound area.
Motorbikes and containers housing security guards were set alight, sending thick smoke over the complex. Footage showed people throwing rocks at police in riot gear who huddled together. Local official Duong Ngoc Long said police restored order after three hours.
The reports of manufacturing's demise in California are probably exaggerated. In Southern California, the largest manufacturing region in the country, there are still 360,000 workers in the industry. But even successful companies are facing major bumps along the way.
Goodyear Dunlop Tires France — a subsidiary of Goodyear Tire and Rubber Co. of Akron, Ohio — said in a statement the lawsuit was filed Wednesday with the prosecutor in Amiens, France, because it can't accept "actions that endanger people and goods."