About 250 employees of a Bridgestone group company demonstrated Thursday in front of the Italian Ministry of Economic Development against the planned closure of the company's factory in Bari, southern Italy. The employees called for continued operation of the passenger car tire-making factory, which Bridgestone Corp. said will close in the first half of 2014.
Thousands of workers protested in Brussels on Thursday to demand that EU leaders gathering for a summit bring an end to austerity measures and instead focus on boosting growth and reducing unemployment. The demonstration vented frustration over years of austerity imposed by EU leaders that unions and many economists say is worsening the recession and driving ever more people into unemployment and poverty.
There are three jobs open at Rodon Group, a plastic parts manufacturer near Philadelphia. But despite the reports of a shortage of skilled workers nationwide, CEO Michael Araten isn't sweating it. Rodon, located in Hatfield, Pa., works with local community colleges to make sure prospective employees get the skills they need to work at the company.
A recent study authored by Deloitte LLP and the Manufacturing Institute says that “for years, manufacturers have reported a significant gap between the talent they need and what they can actually find.” In fact “67 percent of manufacturers reported that moderate to severe shortages of available, qualified workers exist.
French carmaker Renault SA reached a potentially groundbreaking deal with leading unions Wednesday that allows it to reduce its workforce and cut costs in exchange for keeping jobs and production in France. Renault and other European carmakers have been struggling to stay competitive globally as Europe's car market flails.
Chief executives at the largest U.S. companies are much more optimistic about their sales prospects than they were three months ago, though many remain cautious about hiring. The Business Roundtable said Wednesday that 72 percent of its members expect sales will increase in the next six months.
General Motors has begun building a new paint shop at its Fairfax assembly plant in Kansas City, Kan. The automaker says in a release that construction began Tuesday on the 450,000-square-foot paint shop, which is part of a $600 million investment in the plant.
Job cuts at an airplane overhaul and maintenance plant in southeast Missouri are being blamed on federal budget cuts and reduced military operations in Iraq and Afghanistan. The Southeast Missourian reports that Sabreliner Corp. has laid off nearly 180 workers at its Perryville facility since Nov. 28, and the most recent cuts are tied to the federal sequester.
Chinese solar panel maker Suntech Power Holdings Co. is closing its factory in Goodyear, Ariz., in part because of higher production costs. The broader solar industry has struggled in recent years due to a steep price drop for solar panels. Global demand for panels has languished in Europe and elsewhere, even as manufacturing capacity soared.
The first group of Caterpillar workers is moving in to office space at the company's new Georgia plant. The Athens Banner-Herald reports that the 850,000-square-foot facility is now home to 50 workers. They moved in to the new space less than a year after the official groundbreaking for the plant in Bogart, just west of Athens.
A Sterne Agee analyst said auto sales have been strongly tied to the unemployment rate for years, and that makes February's drop in the jobless rate to 7.7 percent good news for automakers. Michael Ward said the unemployment rate has been an indicator of vehicle demand for the past 30 years, and the trend continues to hold up now.
The automatic sequester budget cuts are expected to slash $43 billion in defense spending over the next seven months - 8 percent of the Pentagon's budget. And, as CBS News' Ben Tracy reports, that will impact thousands of small businesses that work in the defense industry.
Italy's labor minister is criticizing a decision by the Bridgestone tire company to close a plant in southern Italy as "serious and without reason." Corrado Passera protested in a letter to the Japanese company, released by the labor ministry Thursday, that the company had failed to work with authorities to find another solution.
Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. Last year, Google Inc. announced 4,000 Motorola job cuts. The latest reductions are in addition to those and will be in countries including the U.S., China and India.
The Labor Department says applications fell 7,000 in the week ended March 2. That's near five-year lows reached in January. And the four-week average, a less volatile measure, dropped 7,000 to 348,750. That's the lowest since March 2008, just a few months into the Great Recession.
The Advanced Technological Education (ATE) Program at the National Science Foundation (NSF) focuses on the education of technicians for high technology fields. ATE supports rigorous educational programs that incorporate industry recognized skills and competencies to prepare a qualified technical workforce for industries that are vitally important to the nation's prosperity and security.
Tyson Foods has announced plans to close its small processing plant in Springdale. The company announced this week that "changing demand for certain specialty products" led to the decision to shut down the plant. The company says the plant's about 60 hourly workers will be offered jobs at other company locations in Springdale and northwest Arkansas.
General Motors Co.'s Opel unit reached a deal with its employee council on Thursday to keep car production going at a troubled German plant until the end of 2016, after which it hopes to keep the site open as a components factory. The announcement followed long-running and sometimes rancorous negotiations on a turnaround plan for GM's struggling European unit.
Boeing is trimming the number of temporary contract workers employed at its South Carolina assembly plant. The company says the reductions have been planned for some time and have nothing to do with battery problems in its 787 jetliners. Spokeswoman Candy Eslinger says the North Charleston plant employs more than 6,100 workers including regular employees and contract workers.
Chrysler said it will invest nearly $400M and create 1,250 new jobs at transmission and metal casting factories in the Kokomo, Indiana, area. CEO Sergio Marchionne confirmed that Chrysler will spend $162M and add 850 new jobs at a former Getrag Transmission plant in nearby Tipton. The company will spend another $212M for equipment and tooling at three other factoring, creating 400 new jobs.
Construction equipment maker Caterpillar says it will cut more than one in three jobs at its Belgian plant because of high labor costs and sluggish growth in its European market. Caterpillar Inc. says Thursday it plans to cut 1,400 of the 3,400 jobs at its Gosselies plant south of Brussels alongside other measures aimed at restoring the site's competitiveness.
If lawmakers cannot find a way to avoid the sequester, thousands of workers at the Anniston Army Depot and Redstone Arsenal in Alabama will take a pay cut. The effect would be particularly devastating in Huntsville, AL, because the local economy is so dependent on Redston.
Austin Polytechnical Academy was founded as a partnership between labor and business to train students for high-end manufacturing jobs that often remain unfilled for lack of trained talent. The goal of this school is to educate students in all areas of manufacturing.
More than 400 American Crystal Sugars workers in North Dakota who are locked out in a contract dispute are eligible for unemployment benefits, the state Supreme Court ruled. The decision reverses a lower court's ruling that said the workers were not eligible for benefits from Job Service North Dakota because state law prohibits unemployment insurance for workers involved in labor disputes.
President Barack Obama is arguing that looming government-wide spending cuts could idle military resources like naval aircraft carriers, while Republicans are criticizing the president for taking his arguments outside Washington instead of staying to work out a plan before Friday's deadline.