A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income. The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory. The automaker announced last year that it would add about 400 employees to the Princeton factory's workforce so it could build 50,000 more Highlander SUVs a year.
Bosch Rexroth Corporation, which has a manufacturing campus in Bethlehem, PA, was honored with the Jobs First Award for the Lehigh Valley region for its job growth, commitment to sustainable business operations and for its collaboration efforts within its community.
Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad. The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, California, headquarters between now and the planned completion of a new office complex in 2016.
Much of the world's electronic waste ends up in Guiyu, China, where old parts are recycled but chemicals like mercury leak into the water. Cell phones arrive in this town by the truckloads, where locals are experts in sorting through the electronic trash.
Davis Aircraft Products said Monday it expects to hire 100 people to work in the new $5.5 million plant when it opens next spring in Andrews, S.C. The company will make tubing for airplanes at the new plant. Davis Aircraft Products CEO Bruce Davis says he appreciated the support he got from state and local officials as he decided where to put his new manufacturing plant.
Connected to a laptop I can’t afford, on the far end of a tangle of cords, is an exposed circuit board peppered with objects I can name — resistors, diodes — but not explain. The computer itself is running software that I’m not capable of programming myself. But none of that matters, and, in fact, is part of an educational plan from National Instruments’ Academic Program.
Cambodian police on Monday clashed with workers and arrested seven at a factory that makes clothing for the U.S. sportswear company Nike in the latest violence linked to a strike over salaries there, a union organizer said. Free Trade Union of Workers of the Kingdom of Cambodia organizer Son Vanny said its members exchanged barrages of sticks and stones with members of a rival union opposing the strike.
Officials with the Nokia technology company plan to lay off 50 of their 300 employees at its Fargo plant. The plant is the base for a division that creates maps and detailed three-dimensional renderings used on smartphones and vehicle navigation devices.
Global unemployment will hit 200 million this year, and declarations of intent to tackle the problem will mean nothing without action, says International Labor Organization director general Guy Ryder. And within the next five years, he suspects global joblessness to reach 215 million.
Unemployment across the 17 EU countries that use the euro hit another record high in April — and appears to be on course to hit 20 million this year in what would be another gloomy landmark for the currency bloc. Eurostat, the European Union's statistics office, said Friday that the unemployment rate rose to 12.2 percent in April from the previous record of 12.1 percent the month before.
Tri-City native Jerod Shelby is building a factory in West Richland for his SSC North America company that makes cars that can speed hundreds of miles per hour and sell for hundreds of thousands of dollars. Shelby broke ground Tuesday on the $5 million project, which will include a research and development section and museum, The Tri-City Herald reported. It could employ more than 50 people.
Democratic state lawmakers have asked Republican Gov. Dennis Daugaard for information on the state's $5 million contract with a national recruiting firm that was hired to find new workers for hard-to-fill jobs in the state. The Democrats want information about the program's expense, the contract with ManpowerGroup, the number and type of jobs filled, and the wages paid for those jobs.
The Kohler Co. expects to begin construction later this summer to expand its generator manufacturing plant in eastern Wisconsin. Increased demand for standby power generators from residential and industrial customers in North America is driving the 80,000-square-foot expansion at its plant in the Town of Mosel, Kohler officials said. The cost of the expansion was not disclosed.
Amway Corp. is building an $81 million manufacturing and warehouse facility near the company's headquarters in West Michigan. The direct-sales giant on Wednesday announced the official start of construction of the 317,000-square-foot facility near its headquarters in Kent County's Ada Township.
Unemployment rates fell in almost all large U.S. cities in April, helped by stronger hiring. The gains show the job market is improving throughout the country. The Labor Department said Wednesday that unemployment rates declined in 344 of the 372 largest metro areas. Rates rose in just 17 cities and were unchanged in 11.
A Canada-based wind tower manufacturer that is setting up shop in the southeastern South Dakota city of Brandon says it hopes to start production this summer. Marmen Inc. is moving into a facility built by a U.S.-based wind tower company that never used it, and also expanding the plant.
Hitachi Automotive Systems Americas Inc. is set to expand its operations in Georgia's Walton County, creating 250 new jobs and investing $80 million, state officials announced Tuesday. The expansion will require an additional 290,000-square-foot facility adjacent to its current two buildings, Gov. Nathan Deal said in a written statement.
China's economy, the third largest economy in the world, shows fresh signs of faltering, with an advance reading of manufacturing output shrinking for the first time in seven months. That may worry trading partners--but not its leaders.
Lenovo Group is ramping up its first American manufacturing operation for personal computers. The No. 2 computer maker said Tuesday its new production line near Greensboro is on track to meet its hiring target of about 115 jobs by the end of June.
Scan through the business section of the news, and you’re likely to see stories about the resurgence of U.S. manufacturing, about how companies are moving jobs back to the United States because of the rising cost of manufacturing in (and shipping to and from) China. Certainly good news for American manufacturers, but I would argue that this trend is not what the resurgence of U.S. manufacturing should be built on.
European leaders sounded the alarm on youth unemployment Tuesday and called for more help for businesses to help solve the problem that has left nearly one in four young people in Europe without a job. At a conference in Paris Tuesday, French, Italian and German ministers warned that if high youth unemployment is not addressed, young people will lose faith in their governments and the European Union.
North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives. Ri Ki Song, a professor at the Institute of Economics at North Korea's Academy of Social Sciences in Pyongyang, said enterprises are now allowed to use some of their earnings to pay workers more.
Businesses in Paducah are bracing for uncertainty in the wake of the Paducah Gaseous Diffusion Plant's expected closure at the end of the month. The shutdown will put more than 1,100 workers out of high-paying jobs with benefits. Kele Sports Depot shop owner Stephen Kelly said the plant has a trickle-down effect economically and the loss of jobs will be felt.
A Japan-based maker of auto components says its roughly $15 million planned expansion of a southern Illinois plant will add 80 jobs. Aisin Electronics Illinois joined regional officials in breaking ground this week on the 108-square-foot Marion project the company expects to be completed early next year.