Chipmaker Texas Instruments Inc. said Tuesday that it will cut 1,100 jobs worldwide, about 3 percent of its workforce, to trim costs and will reduce its investments in certain markets. The company said the cuts in its embedded processing unit and in Japan will result in $130 million in annual savings by the end of 2014. The job cuts are in the U.S., India, and Japan.
Michigan-based Janesville Acoustics announced that the plant will supply the Chevrolet Malibu model built at GM's Fairfax plant in Kansas City, Kan. The plant is expected to create 164 jobs in the next two years.
As previously announced, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the UAW) have entered into a memorandum of understanding to supplement Chrysler Group’s existing collective bargaining agreement.
Bombardier says it plans 1,700 layoffs from its aerospace division. The Montreal-based company told employees Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions. Bombardier Inc. says it needs to preserve cash.
The United Nations' labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce. That's 4.9 million more than the previous year.
The 60 workers who lost their jobs at the Tyson plant in northwest Iowa's Cherokee could return if business were to pick up and more production were needed. After Friday's layoff, the plant still employs about 500 people. The plant produces deli meats.
In his weekly radio and Internet address, Obama says the U.S. is primed to bring back jobs lost in the recession or to overseas competitors. But he says to make that happen, the U.S. must act to create good-paying jobs and increase economic opportunity.
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.