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.
Tennessee Economic and Community Development Commissioner Bill Hagerty says the company will invest $25 million in manufacturing equipment and building and infrastructure improvements in Morristown.
Florida Gov. Rick Scott is calling for spending $30 million a year on new job training programs. Scott on Thursday announced the initiative during a stop at a convenience food manufacturer. The programs will be focused on fields in science, technology, engineering and math and high-demand areas.
In a turnabout, there are now slightly more union members working for private firms than in government, the Bureau of Labor Statistics reported Friday. That reverses a five-year trend. Although the rate of membership among all workers didn't budge, the overall number of union members grew slightly, rising about 162,000 to nearly 14.5 million.
A regulatory filing says the Overland Park, Kan.-based company began drawing up layoff plans last week. A Sprint spokesman says the company's managers are still reviewing how many jobs they will need to cut. The purge is expected to be completed by the end of June.
The initiative, with 22 backers in the Senate, all Democrats, wants to bring new legislation to Congress and the President that will help American manufacturers grow and hire new employees, while also assisting in training a workforce capable of working those jobs.
The Republican governor said he is seeking 50,000 work visas solely for the city over five years. The type of visas involved are not currently allocated by region or state, but rather go to legal immigrants who have advanced degrees or show exceptional ability in certain fields.
The money will be used to pay back wages and interest to nearly 3,000 applicants who were rejected for jobs at facilities in Springdale, Ark.; Fort Morgan, Colo.; and Beardstown, Ill., between 2005 and 2009. U.S. Department of Labor officials say the company's hiring process discriminated based on sex, race, and ethnicity.
Mike Rowe appeared on HBO's "Real Time with Bill Maher" to discuss Rowe's efforts to bridge the "profound disconnect" between the 3 million good U.S. jobs that can't be filled due to lack of skilled applicants.
The accord, reached Wednesday, came after 10 days of negotiations between the government, the company, and unions. The office of Prime Minister Jean-Marc Ayrault said the "end of conflict protocol" puts an end to the occupation of the factory by workers demanding new negotiations over severance packages.
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.