The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday. Pence directed the Indiana Finance Authority not to block Posey County from backing the Midwest Fertilizer Corp. plant.
A manufacturer of high-tech plastic parts for everything from skateboards to jet engine components, which was touted in 2011 as one of the Colorado companies to watch by a state agency and investors, has called it quits. Fiberforge co-founder Jon Fox-Rubin said the company based in Glenwood Springs struggled to become profitable with a broad range of offerings, but couldn't make it successful.
Smithfield Foods Inc. said Tuesday that it is laying off 120 more workers as part of its previously announced closure of a Virginia facility that makes hot dogs and deli meat. The Smithfield, Va.-based pork producer plans to close the Portsmouth plant in the middle of August, said Jeff Gough, Smithfield's senior vice president for human resources.
Texas Gov. Rick Perry extolled the tax policies and regulatory climate of his state as he courted gun manufacturers that have threatened to leave Connecticut since the state passed new gun-control laws in response to the Newtown school massacre.
Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs to meet growing regional demand for its popular building blocks. Carsten Rasmussen of Lego's European packing division did not reveal the size of the investment except to say it was "a large two-digit million euro figure."
Manufacturers are on the cusp of a major generational shift. Baby Boomers are preparing to retire out of the workforce, and Gen Y is poised to replace them. However, several obstacles are preventing a seamless transition of Gen Y-ers into these soon-to-be vacant roles.
The concept of “everyone should go to college” is finally being questioned, which I think is long overdue. In fact, the U.S. Labor Department says that most jobs (69 percent in 2010) don’t require a post high school degree.To get an idea of what the economy is going to offer in the next ten years, look for the Labor Department chart titled “Occupations with the largest job growth, 2010 and projected 2020.”
Manufacturing in America isn’t as simple as just setting up shop and producing a product. Nowadays, a globally networking economy means competition has taken on more nuance: labor rates are eroded by low cost countries, which results in lower cost imported goods and an ever-sloping playing field.
U.S. manufacturing lost over 2 million jobs between December 2007 and December 2009 — 17 percent of its workforce. While the U.S. hasn’t yet regained all of those jobs lost from the sector, about 12 million Americans are employed in manufacturing today. “Since the recession, manufacturing has been the driver for recovery and continuous economic growth,” says Douglas K. Woods, AMT president.
The veteran unemployment problem is a nuanced one. According to DoSomething.org, the country’s largest not-for-profit for young people and social change, the unemployment rate for veterans is three percent higher than that of the general population — with PTSD (post-traumatic stress disorder) cited as the leading cause.
Many don’t think of Toshiba as an American-made brand, especially when it comes to the U.S. automotive market. And for quite some time, that was true. Since 2003, Toshiba had manufactured HEV motors for Ford Motor Company at its Japan facility. But in 2011, under the weight of supply chain pressures and growing currency risks, Toshiba Industrial Corporation began manufacturing motors for Ford’s hybrid vehicles in Houston, TX.
This issue of American job development is certainly not a black and white one, but with all of the domestic resources being allocated towards its improvement, you can be sure there are some elements of red, white, and blue. Check out this year’s Jobs Report to see some of the jobs programs available and how they might factor in to your workforce needs, skill gaps, or hiring practices.
Documents having to do with a state agency's involvement in recruiting and hiring workers for a private company should be available to the public, a lawyer for four unsuccessful applicants for jobs at a Georgia auto plant argued Monday.
Several hundred garment workers were sickened at their factory outside Bangladesh's capital on Sunday, apparently after drinking water there. Police official Mohammad Jahid said many of the workers were treated at various hospitals after the incident at East West Factory in Gazipur district.
Chrysler Group LLC said Friday that it is freezing the pensions of roughly 8,000 U.S. salaried employees at the end of the year. The U.S. automaker said it is making the move to stay in line with industry trends and to comply with IRS regulations. The Auburn Hills, Mich.-based company declined to detail the specifics of the IRS issue, but said it is currently in compliance.
Caterpillar Inc. says it is placing about 260 production employees at its South Milwaukee plant on indefinite layoff because of weaker demand for mining equipment. The layoffs represent about a third of the more than 800 workers represented by the Steelworkers union at the plant. The layoffs go into effect June 24.
Two central Pennsylvania factories have abruptly closed down, leaving almost 150 workers without jobs, a local official confirmed. Fenco Automotive Products is filing for bankruptcy, said Mike Flanagan, president and CEO of Clinton County Economic Partnership, and its local plants include the former Champion Parts building in Lock Haven and Fenco-related Lock Haven Distribution.
A tire maker whose main market is in India is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion and making a commitment to maintain the company's three U.S. manufacturing plants and retain its management operation in Ohio, Cooper's chief executive said Wednesday.
General Motors Co.'s European Opel unit says it will start assembling cars for Russia and other eastern markets in Belarus next year. Germany-based Opel said GM signed an agreement Thursday to start building its Corsa model at facilities owned by partner Unison in Belarus. The cars will be sold in Russia, Kazakhstan and Belarus.
In this issue, check out the 2013 Jobs Report, which feature's American-made Toshiba HEV engines, veterans in today's skilled labor jobs, the latest industry numbers, how manufacturers can take back American-made, and more.
Chief executives for the largest U.S. companies are more optimistic about sales over the next six months and plan to add more workers. The Business Roundtable said Wednesday that its April-June quarterly survey found 32 percent of its members expect to expand payrolls in the next six months.
The Equal Employment Opportunity Commission filed lawsuits Tuesday against discount retailer Dollar General Corp. and a BMW manufacturing plant in South Carolina over their use of criminal background checks to screen out job applicants or fire employees.
Officials at Yamaha Motor Manufacturing Corp. say they've opened a second assembly plant in Newnan and will hire 100 employees to work on a new utility vehicle. The Japanese company also said this week that it has completed transferring all of its ATV production to the Coweta County plant south of Atlanta.
Union members have ratified a six-year labor contract at Caterpillar Inc.'s plant in South Milwaukee. The new contract freezes wages and pensions but includes a $4,000 signing bonus and shortens temporary layoffs. Caterpillar says the Peoria, Ill.-based company is pleased to have reached what it believes is "a fair, reasonable and comprehensive agreement."
More Americans are quitting their jobs, suggesting many are growing more confident in the job market. The Labor Department said Tuesday that the number of people who quit their jobs in April jumped 7.2 percent to 2.25 million. That's just below February's level, which was the highest in 4 ½ years.