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."
Ford says it will sink 700 million Canadian dollars ($680 million) into an assembly plant near Toronto to add models and meet increased demand for vehicles around the world. The investment will preserve the Oakville, Ontario, plant's 2,800 jobs and expand its manufacturing capability, the company said Thursday.
An employee of Empire District Electric Co. alleges in a lawsuit that the utility exposed its employees to asbestos and other hazardous materials at a plant in southeast Missouri. The lawsuit, filed last week in Jasper County Circuit Court by Les Rider, of Diamond, seeks class-action status for employees who worked at the utility's Riverton plant.
Public companies would have to show the difference in pay between their CEOs and ordinary employees under a proposal advanced by federal regulators. The Securities and Exchange Commission voted 3-2 Wednesday to propose a rule that would compel companies to report that information publicly. Companies would have to report the ratio between their chief executive's annual compensation and the median, or midpoint, pay of employees.
South Dakota-based Poet LLC and its Dutch partner say a cellulosic ethanol plant being built in Iowa will open early next year. By next summer, Poet-DSM Advanced Biofuels should have any glitches worked out at the $250 million Emmetsburg, Iowa, plant, Steve Hartig, general manager of the joint venture, said Thursday during a biotech conference in Sioux Falls, the Argus Leader reported.
Struggling smartphone maker BlackBerry could cut its workforce by up to 40 percent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through layoffs that will occur in all of its departments, potentially affecting several thousand people.
Tennessee has not made economic incentives for Volkswagen contingent on the German automaker rejecting the United Auto Workers union at its Chattanooga assembly plant, Gov. Bill Haslam said Wednesday. A top Democrat in the state House last week alleged that Haslam was trying to use economic incentives to sway Volkswagen against working with the UAW.
General Electric Co. says it plans to close an electrical components plant in upstate New York and move the work to Florida. Local media outlets report that the Fairfield, Conn., company gave union workers in Fort Edward notice on Wednesday it could close by September 2014.
Boeing Co. announced Wednesday that it will end production of its C-17 Globemaster III military cargo jet and close the final assembly plant in Long Beach in 2015, putting as many as 3,000 jobs at risk as orders plunged in the fragile world economy.
U.S. chief executives are less optimistic about the economy, according to a survey released Wednesday. The survey also indicates that disagreements over the 2014 budget and raising the debt ceiling in Washington are making them cautious about hiring.
A federal appeals court sided Tuesday with Spirit AeroSystems Holdings Inc. in a labor dispute stemming from the way the Wichita-based aircraft parts maker evaluates employee performance. The 10th Circuit Court of Appeals found that the district court properly refused the union's efforts to compel arbitration over the issue.
Secretary of Labor Thomas E. Perez announced $474.5 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs in partnership with local employers. The grants are part of a multiyear, nearly $2 billion initiative to expand targeted training programs for unemployed workers, especially those impacted by foreign trade.
President Barack Obama, facing a budget showdown with Congress, is pushing his economic agenda to some of the nation's top corporate executives while cautioning Republicans not to precipitate a government shutdown or an unprecedented debt default.
It has become a popular meme that “robots are destroying our jobs.” How else do we explain today’s persistent high unemployment? But this notion that technology, automation and productivity lead to fewer jobs and higher unemployment is simply wrong. First, there is no logical relationship between job growth and productivity.
To address coming workforce demographic changes, employers must create a corporate culture that promotes both safety and wellness. Healthy workers and a safe workspace reduce costs and increase productivity, so these efforts will be repaid fully.