The world is aging so fast that most countries are not prepared to support their swelling numbers of elderly people, according to a global study going out Tuesday by the United Nations and an elder rights group. The report ranks the social and economic well-being of elders in 91 countries, with Sweden coming out on top and Afghanistan at the bottom.
The sequester and forced budget cuts have been squeezing budgets and sending home federal workers all year. Now, October is a key month as the federal government has been unable to pass a budget or raise the debt ceiling. The consequences of failing to do either could be damaging to the economy.
A National Transportation Safety Board report blames shoddy workmanship for an in-flight tear in the roof of a Southwest Airlines plane in 2011. The Boeing 737-300 was en route from Phoenix to Sacramento, Calif., on April 1, 2011, when a 5-foot-long gash opened in the fuselage.
Union workers at Oshkosh Corp. have given the company what it says it needs to make a competitive bid on a military contract worth billions of dollars. United Auto Workers Local 578 voted Sunday to extend the contract five years after it expires in 2016. The extension protects more than 2,500 jobs at the Fox Valley's largest manufacturer.
A 49-year-old potato chip plant built by Humpty Dumpty and now owned by Old Dutch was set to close Friday — affecting 216 workers in the Montreal area. Its U.S.-based company announced in May the plant had "reached the end of its economic life" and would close after Old Dutch failed to get a $20-million to $25-million subsidy from the Quebec government to renovate the plant.
Chrysler is bringing back about 500 idled workers faster than expected after temporary layoffs from a northwest Ohio plant that produces the new Jeep Cherokee. Transmission reprogramming and extra test-driving delayed shipment of the vehicles, and inventory from the Toledo facility had accumulated, so some second-shift workers were idled earlier this week.
A tissue make in Anderson is working on an expansion that is expected to add at least 200 jobs. First Quality Enterprises is clearing land at its plant for a third tissue-making machine, the Anderson Independent-Mail reported. Anderson County economic development authorities said they could not talk about the company's plans.
The number of Americans seeking unemployment benefits fell 5,000 last week to a seasonally adjusted 305,000, the second-lowest level in six years. Steady declines in applications show that very few companies are laying off workers. The Labor Department said Thursday that the less volatile four-week average declined 7,000 to 308,000, the lowest since June 2007.
Careers in manufacturing offer an unparalleled opportunity to work in an innovative environment with some of the world’s most advanced technology. But beyond that, these high-tech jobs offer good pay and a solid path to growth that’s hard to beat. However, the manufacturing industry is having a hard time finding the skilled workers it needs.
The amount of vacant space in northwestern Indiana warehouses, factories and business parks has sunk to the lowest level in more than two decades. The region's industrial vacancy rate has fallen to 7.24 percent, one of the lowest rates that market has seen, according to a commercial real estate organization. The rate has been steadily dropping from its peak of 12.1 percent at the end of 2009.
Eastman Chemical Co. plans to invest $40 million over the next three years to expand its manufacturing operation in Henry County, creating 25 jobs. Gov. Bob McDonnell announced the planned expansion on Wednesday. The facility acquired by Eastman last year manufactures window films for the automotive and architectural markets and employs about 500 people.
Residents of Midland, Texas enjoy the second highest personal incomes in the United States, thanks to a booming oil and gas industry. Unemployment in Midland is less than half the national average at 3.5 percent. If people in Midland don't have a job, it's because they don't want to work, say the residents.
Police in Bangladesh used batons, rubber bullets and tear gas Wednesday to stop ongoing protests by garment workers demanding higher wages, while factory owners feared they may miss shipments to the United States and Europe. The fifth day of protests in two industrial districts near Dhaka, the capital, forced authorities to close more than 100 factories for the day, police and news reports said.
Shell Oil Co. announced Tuesday that it has settled on Ascension Parish to possibly build a $12.5 billion natural gas to liquids plant that would create 740 direct jobs. No final decision has been made on whether to construct the facility on a site near Sorrento, about 30 miles from Baton Rouge. The company says it will decide after engineering studies and environmental permitting are done.
A German powertrain maker will build its first American factory in Tunica, with plans to invest $140 million and hire 300 people over five years. Feuer Powertrain Gmbh & Co. KG says it hopes to start production by early 2015 at the 156,600 square-foot plant it will build. Feuer will make forged crankshafts for cars, trucks and heavy equipment.
About 500 workers have been temporarily laid off from a northwest Ohio plant that produces the new Jeep Cherokee. Transmission reprogramming and extra test-driving delayed shipment of the vehicles, and inventory from the Toledo facility has accumulated, so some second-shift workers have been idled. The layoffs are expected to last about two weeks.
Yokohama Tire Corporation officials and state leaders gathered Monday for ceremonial ground breaking for a manufacturing facility that is expected to create hundreds of jobs. Gov. Phil Bryant, company executives and others gathered for the ground breaking ceremony in West Point, where the company will manufacture commercial truck tires.
A recreational vehicle production plant in Burley is closing next month and moving its work to Pendleton, Ore. The Times-News reports Indiana-based Dutchmen Manufacturing Inc. announced last week the Burley RV plant will close on Nov. 15, affecting more than 160 employees.
BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.
The head of the Environmental Protection Agency says the agency will "effectively shut down" unless Congress approves stopgap funding by Oct. 1. EPA Administrator Gina McCarthy says the agency won't be able to pay employees. She says only a core group of people will remain on duty in case the EPA has to respond to a "significant emergency." The vast majority of employees will stay home.
It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow. Then came the iPhone.
Alabama Gov. Robert Bentley says two affiliated companies in the automotive supply field will build their first U.S. production facility in Tuscaloosa, creating at least 350 new jobs by 2016. Bentley announced the plans during a Monday morning news conference at the Tuscaloosa River Market in Tuscaloosa.
Employers cut jobs in 20 states last month, suggesting modest improvement in the job market this year is not enough to benefit all areas of the country. The Labor Department said Friday that 29 states added jobs, while Montana showed no net gain or loss in August. Unemployment rates rose in 18 states, fell in 17 and were unchanged in 15.
Police fired rubber bullets and tear gas Monday in the third day of clashes with thousands of garment workers demanding better minimum wages amid escalating tension over the country's main export business. Police said the violence mainly took place in the Gazipur and Savar Industrial zones, just outside the capital of Dhaka.
President Barack Obama applauded the resurgence of auto manufacturing Friday at a Ford Motor Co. plant near Kansas City as he urged Congress not to hamper the nation's economic recovery with threats of a partial government shutdown. "We bet on the America worker, we bet on you and now that bet is paying off," Obama said. "You have trouble making (vehicles) fast enough."