Using assembly lines, lasers and robotic arms, the Memphis facility is making cooking ranges and ovens for sale at major retailers. Heavily backed by politicians and supported by $150 million in incentives provided by taxpayers, the plant carries great expectations as a long-term job producer.
The bonus is part of the contract extension the union approved along with pension concessions in return for the company's promise to build the new 777X in Washington. The union represents about 30,000 workers in the Puget Sound area.
Motorbikes and containers housing security guards were set alight, sending thick smoke over the complex. Footage showed people throwing rocks at police in riot gear who huddled together. Local official Duong Ngoc Long said police restored order after three hours.
The reports of manufacturing's demise in California are probably exaggerated. In Southern California, the largest manufacturing region in the country, there are still 360,000 workers in the industry. But even successful companies are facing major bumps along the way.
Goodyear Dunlop Tires France — a subsidiary of Goodyear Tire and Rubber Co. of Akron, Ohio — said in a statement the lawsuit was filed Wednesday with the prosecutor in Amiens, France, because it can't accept "actions that endanger people and goods."
A private survey shows U.S. businesses added the most jobs in a year in December, powered by a big gain in construction. The figures are the latest evidence that the economy gained momentum at the end of 2013. Payroll processor ADP said Wednesday that companies added 238,000 jobs in December, up slightly from 229,000 in the previous month.
Legislation to renew jobless benefits for the long-term unemployed has cleared an initial Senate hurdle, but the bill's fate remains in doubt. The vote Tuesday was 60-37 to limit debate on the legislation, with a half-dozen Republicans siding with the Democrats.
Two Goodyear bosses held captive by workers spent the night inside a factory in northern France that the company wants to close. The plant, which Goodyear has tried to sell or shutter for five years, has become an emblem of France's labor issues.
The tight count exposed deep rifts in the once-powerful union, but with plenty of states lining up to give Boeing exactly what it wanted to get work on the 777X, the aerospace giant had a tremendous advantage. The company, the state's governor, and national union leaders all hailed the contract as a vital boost to the region's economy, but to some observers the vote dealt a blow to local union influence.
The factory's union says the director and human resources chief were blocked from leaving after an especially difficult meeting Monday with staff; a Goodyear representative, speaking on condition of anonymity because of the tense situation, says the two managers were being held against their will.
The issue fractured the union and drew unusual pleas from politicians who said the deal was necessary to support the area's economic future. Boeing has been exploring the prospect of building the 777X elsewhere, a move that could trigger a steady exodus of aerospace jobs from the place where Boeing was founded.
Everyone in the manufacturing space has heard about the dramatic talent gap in the industry, where companies cannot find employees with the skills necessary to help run a high-tech operation. Knowledge in automation equipment, or with CNC machines, can be a rare commodity, with most young people moving toward other industries, and manufacturing-centric education faltering or disappearing elsewhere.
Operational Excellence is a continuous improvement journey facilitated by a culture and mindset of optimizing an organization’s people, processes, and supporting technology resources. Depending on current strategy and position, however, every company will have different Operational Excellence goals and objectives.
It's an assertion that has been accepted as fact by droves of the unemployed: Older people remaining on the job later in life are stealing jobs from young people. One problem, many economists say: It isn't supported by a wisp of fact.
Workers at most of Cambodia's more than 500 garment factories are on strike, demanding an increase in the minimum wage to $160 a month, double the current rate. The government has offered $100 a month. The local human rights group LICADHO said in a statement that at least four civilians were shot dead and 21 injured.
A group of top-level union workers at Boeing already earn more than $90,000 in base pay annually, not counting shift differentials, overtime or incentive payments, according to union wage tables. While the contract offer going to a vote Friday would slow the growth of machinists' wages starting in 2016, workers would still get regular cost-of-living adjustments, plus an extra 1 percent pay increase every other year.
Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014.
Memphis-based International Paper Co.'s plan to shut its Courtland, Ala., paper mill next year may impact landowners and businesses across Northeast Mississippi. Logging jobs may be lost or moved, and timber owners in some counties may find it difficult to market pulpwood at all.
Many have jobs that provide paltry pensions or none at all, as many companies have been moving toward less generous retirement packages in the past decade. Many boomers expect to work the rest of their lives because they have little cash put away for their old age and they worry Social Security won't cover their bills.
Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be far-reaching. Many people will be forced to work well past the traditional retirement age of 65. Living standards will fall and poverty rates will rise for the elderly in wealthy countries.
Fort Lee resident Vincent Ip co-founded Mission Motorcycles of San Francisco. The company makes high-end, electric-powered motorcycles that Time magazine calls one of the top inventions of 2013. Ip was terminated in November for what the company's lawsuit calls unprofessional behavior including physical threats.
Volkswagen Group announced today that it has grown by about 248,000 employees, representing a rise of 76 percent, since 2007. 123,000 of those are new jobs created around the world, and 125,000 are from employees of companies acquired during that period and integrated into the larger group. At the end of 2013, the company has about 573,000 employees, the highest number in its history.
The U.S. Department of Labor authorized former employees of the Williston IBM plant and some other businesses involved in memory design services in that town to participate in a program designed to help workers who have lost their jobs due to foreign competition, state officials said Thursday.
Striking workers making shoes and clothes for Western brands have blocked roads and briefly scuffled with police in Cambodia.