President Barack Obama is asking major corporations for their help in putting the long-term unemployed back to work. CEOs from companies like Apple, Walmart, Visa, and Boeing are heading to the White House on Friday to deliver commitments to do their part. More than 300 companies have signed on so far, the White House said.
The company’s Kansas City facility will be its first location outside the state of Washington. Expanding to Missouri will put Aviation Technical Services closer to some of its largest customers, allowing it to improve customer service and expand its client base.
U.S. Senator Chris Coons (D-Del) praised President Obama’s memorandum, signed Thursday at a General Electric facility in Waukesha, Wis., to the Secretaries of Labor, Commerce, and Education that instructs a comprehensive review of the nation’s job training programs.
Abbott Laboratories is closing one of its manufacturing plants in the Puerto Rico town of Barceloneta next year, delivering another blow to the U.S. territory's once-thriving pharmaceutical sector, officials said Thursday.
Weekly applications for U.S. unemployment benefits rose 19,000 last week to 348,000, the highest in about a month. But the broader trend in applications remains low.
The White House says Obama, while in Wisconsin on Thursday, will make good on a promise to act on his own to help the middle class by directing Vice President Joe Biden to lead a government-wide review of federal job-training programs.
Ford Motor Co. said Thursday it plans to invest $80 million in its Kentucky truck plant to churn out more F-Series Super Duty trucks. The ramped up production will add 350 jobs, the automaker said.
The deal announced Wednesday will rid Google Inc. of a financial headache that has plagued the Internet company since buying Motorola Mobility for $12.4 billion in 2012. Motorola has lost nearly $2 billion since Google took over, while trimming its workforce from 20,000 to 3,800.
Gamesa USA officials said Tuesday that the closure of the 8-year-old plant was prompted by a shift in the market from Pennsylvania and the Midwest to the southwestern United States. They said the company had to alter its manufacturing and supply chain strategy to keep energy costs low and maintain a strong market presence.
Italian gun maker Beretta says it is building a new manufacturing and research facility in Tennessee. The $45 million plant in the Nashville suburb of Gallatin is projected to create 300 new jobs.
"This is the third consecutive State of the Union in which there has been a strong rhetorical focus on manufacturing, and that’s welcome. But the progress, despite the rosy picture painted by the President, has been painfully slow. And in some cases, such as the trade deficit with China, we’ve seen backsliding."
At the dawn of an election year, congressional Republicans responded quickly and forcefully to President Barack Obama's nationally televised vow to act on his own if lawmakers won't cooperate on "creating new jobs, not creating new crises" in a nation with a yawning income gap.
The U.S. economy is showing more strength than at any time since the Great Recession began six years ago. Employers are hiring. Home prices, sales, and construction have surged. Corporate profits and stocks have hit records. And consumers have picked up their spending.
Suzuki Motor Corp. said Tuesday it will set up a new car assembly plant in India's western state of Gujarat to supply cars to Maruti Suzuki India Corp., Suzuki's subsidiary in India. Suzuki said it will invest 50 billion yen (about $488 million) for the project, and production is expected to start in 2017.
Unemployment rates fell in four-fifths of US states in December and rose in just two, though most of the improvement stemmed from unemployed Americans giving up on their job searches.
General Electric Corp. is planning to shut down the last of its Fort Wayne facilities after more than a century in the city where it once had thousands of workers. GE announced Monday it expected to close its motor testing lab and executive center in a year, eliminating nearly 90 jobs as it moves the work to Monterrey, Mexico.
On the eve of President Obama’s fourth State of the Union address, U.S. Senator Chris Coons (D-Del.) urged the President to prioritize investments that will help American manufacturers grow and create jobs, saying it was premature to give up on American manufacturers and the workers they employ.
At Davos, U.S. Chamber of Commerce CEO Tom Donohue insists trade agreements will help create jobs in the U.S. and says business has a role in improving education which is holding the economy back.
Ford Motor Co. will use rotating shifts — two weeks on, two weeks off — to avoid indefinite layoffs at its assembly plant, located west of Cleveland. Ford said Monday that rotating shifts for 1,000 workers at its Avon Lake plant will begin in August and continue until a new product launch in 2015.
The Supreme Court says steelworkers do not have to be paid for time they spend putting on and taking off protective gear they wear on the job.
A deal to establish a joint venture with state corporation Rostec could lead to some 100 turboprops, valued at US$3.4 billion at list prices, being built for the Russian market. The deal, which local media in Russia says will see production start this year, flows from a series of preliminary agreements signed last August.
The layoffs, which cut 2 percent of the membership club's U.S. employee count of about 116,000, mark the largest since 2010 when the Sam's Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.
Yesterday, Doug Oberhelman, chairman and CEO of Caterpillar Inc., and Jay Timmons, president and CEO of the National Association of Manufacturers, penned an open letter to President Barack Obama calling for more leadership on creating an environment in which manufacturers can grow once more to create jobs and generate a stronger economy.
New General Motors chief Mary Barra is stressing the company's support for its struggling Adam Opel AG subsidiary in Europe, saying Opel workers will get the job of building a new vehicle at the company's main plant in Germany.
The largest loan is for $2 million to build a manufacturing plant in New Tazewell. According to the USDA, the pass-through loan will go through the Powell Valley Electric Cooperative to Homesteader, Inc., a trailer manufacturer.