A disappointing jobs report has sparked fears of a slowing recovery. Although the unemployment rate dipped slightly, that reduction was attributed to people retiring or who had stopped looking for work. PBS' Judy Woodruff reports on why the job market in March took a sharp decline from the past two months.
Boeing Co. is expanding in South Carolina and will invest another $1 billion, creating 2,000 new jobs during the next eight years, the aerospace giant announced Tuesday. Company spokeswoman Candy Eslinger said the company that operates a 787 assembly plant in North Charleston will expand its operations. The first of the new 787s made in South Carolina rolled off the assembly line about a year ago.
Airbus broke ground on its first U.S. airplane assembly plant Monday with a ceremony marking the start of a project that could help transform Alabama's coast into an aerospace center. Top company executives and state leaders were in the port city for the event, held at the Airbus site at Brookley Aeroplex. A jetliner parked behind the stage provided a backdrop for the occasion.
A federal judge on Friday struck down an effort to form a class action lawsuit to go after Apple, Google and five other technology companies for allegedly forming an illegal cartel to tamp down workers' wages and prevent the loss of their best engineers during a multiyear conspiracy broken up by government regulators.
Fisker Automotive, a maker of luxury plug-in cars seeking investors to fund operations, said it's firing about 80 percent of its workforce after failing to secure a deal with an automotive partner. Cory Johnson reports on Bloomberg Television's "Bloomberg West.
North Korea said Monday it will suspend operations at a factory complex it has jointly run with South Korea, pulling out more than 53,000 North Korean workers and moving closer to severing its last economic link with its rival as tensions escalate.
Delaware Gov. Jack Markell's office says Fisker Automotive has notified the state of plans to lay off most of its remaining work force. Markell spokeswoman Cathy Rossi said in an email Friday that Delaware officials were disheartened to learn of the company's plans.
According to a 2011 article in Welding & Gases Today , the welding industry is poised for significant growth over the next decade. But with well over 200,000 available welding jobs predicted, the industry is not exactly jumping for joy. In fact, this key area of metalworking has long been known for the skill gap it consistently faces. So what’s the problem, who will solve it, and – perhaps most importantly – how?
The majority of today’s LED solutions are not produced in America. And for the first five years of doing business, that was true for NEUTEX Advanced Energy Group as well. Headquartered in Houston, NEUTEX has become one of a list of companies that have recently moved operations to the U.S. from overseas. Today, the company is developing its Houston presence as it positions itself as a leading manufacturer of LED lighting.
Caterpillar Inc. says it plans to lay off more than 460 employees this June at its plant in Decatur. Rachel Potts is a spokeswoman for the Peoria-based company. She said Friday that Caterpillar is laying off the employees as part of an ongoing series of production cuts.
General Motors Co. says it plans to invest nearly $30 million for the production of two new engines and other auto parts at its Bedford Castings plant in southern Indiana. GM said Thursday the Bedford plant will receive $19 million to produce components for a small gas engine and $10.4 million to produce components for a new 8-speed and existing 6-speed transmissions.
Troubled electric car maker Fisker Automotive plans to lay off a large number of the workers at its California headquarters on Friday, a person briefed on the matter said. The person, who did not want to be identified because a formal announcement hasn't been made, said the layoffs will be effective at 8 p.m. Pacific time. The exact number was unknown.
An innovation in Rock County could lead to about 100 new manufacturing jobs. Monterey Mills in Janesville is rolling out a new product, and it has 14 patents protecting its new collapsible paint roller. The new product won a prestigious award from the American Brush Manufacturers Association and is being hailed as the greatest innovation in the industry since 1946, when the paint roller was invented.
Most economists agree that the “Great Recession” of 2008 ended sometime around August 2009, and while the economy has been slowly recovering, unemployment still appears to be a stubborn problem. The headline rate is just a shade under 8 percent, which translates into a little over 12 million Americans out of work.
Ten workers who claim they're owed about $197,000 in severance pay want a federal judge in Pittsburgh to force a shuttered plant that makes solar energy mirrors into bankruptcy. The workers are among 60 who lost their jobs when the Flabeg Solar U.S. Corp. plant in Findlay Township shut down on March 28.
General Electric Co. plans to spend $110 million on a new global research center in the Oklahoma City area that will create 125 new engineering jobs, Gov. Mary Fallin and GE Chairman and CEO Jeff Immelt said Wednesday. The center represents GE's longstanding commitment to technological innovation and will work toward advancements in the oil and natural gas fields that will help bring products to market faster, Immelt said.
Many Silicon Valley companies say extraordinary campuses are a necessity, to recruit and retain top talent. But some critics say the perks are a colossal waste of money, and only intended to encourage employees to put in too many hours.
Some Michigan Republicans are pushing to ban local governments from requiring employers to provide paid sick leave as cities in other states move to enact such mandates. Legislation recently approved by committees in the Republican-controlled House and Senate would prohibit counties, townships and cities from adopting policies that requires employers to provide paid or unpaid leave not required under federal or state law.
A Turkish company has announced plans to build a $148 million steel pipe-making plant near Houston. Gov. Rick Perry says about 250 jobs are expected to be created at the facility planned for Baytown. Perry on Tuesday announced Borusan Mannesmann will receive $1.6 million from the Texas Enterprise Fund in support of the project.
Drugmaker Eli Lilly and Co. is planning to spend about $260 million to expand insulin production and make some other capital improvements to sites in its home city. The Indianapolis company said Tuesday it aims to spend about $180 million on some new construction, the addition of another insulin cartridge-filling line to an expansion it announced last fall and the installation of some new equipment.
Essex Holdings Inc. says it's building a new plant in rural Marion, S.C. and creating 215 jobs. The Miami-based global producer and trader of commodities announced Wednesday it's investing $54.4 million in the facility expected to open this summer. Hiring should begin in May.
The United Auto Workers union says its membership rose slightly last year as the U.S. manufacturing sector continued its recovery. The UAW said Thursday it had 382,513 members in 2012. That was an increase of nearly 1,800 workers — or less than 1 percent — from the previous year.
A right-to-work law is on the books in Michigan, a mainstay of organized labor, but those considering opting out of paying union dues will have to wait months or years to do so. The law, which lets workers choose not to pay to the unions that bargain on their behalf, applies to labor contracts that are extended or renewed starting Thursday.
Back in the early aughts, global automaker Nissan invested some $2 billion in 4.2 million square-foot vehicle assembly plant in Canton, Mississippi. Since May 27, 2003, the company has been producing as many as 10 different models there, and currently employs 4,350. However, the relationship between Nissan management and plant floor employees haven’t always been smooth.
Republican Gov. Rick Snyder said a right-to-work law that took effect Thursday is a milestone that will bring jobs to Michigan, while protesters promised to exact revenge at the polls for the contentious measure Snyder signed in December.