Missouri's bid for a Boeing assembly plant could include more than $1.7 billion of incentives over two decades if the airplane manufacturer adds thousands of jobs, according to new information about the proposal released Tuesday.
The plant operated by Biochemtex, a partnership headed by Italy-based Gruppo Mossi & Ghisolfi, plans to employ 65 people in three years near Clinton in Sampson County. The jobs will pay an average of $47,000 a year plus benefits, above the county average of $30,822.
Potash Corp. is cutting more than 1,000 jobs, about 18 percent of its workforce, because of slumping demand for potash and phosphate, two key fertilizer ingredients. The Saskatchewan-based company said Tuesday it will cut 440 jobs in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina, and 40 in other U.S. regions and Trinidad.
Forest Laboratories says it plans to cut about 500 jobs as part of a plan to trim $500 million in costs over the next two years. The moves come less than three months after former Bausch & Lomb leader Brenton Saunders replaced longtime CEO Howard Solomon at the helm of Forest Laboratories Inc.
Wyoming Gov. Matt Mead announced Tuesday that Maverick Ammunition, which is also known as Ammo Kan, intends to employ more than 50 people at its Laramie plant.
The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. The Labor Department says the less volatile four-week average fell 7,500 to 331,750. Both the weekly jobless claims and the average have returned to pre-recession levels.
Employee-owned Mayville Engineering said the new jobs will be primarily at its two plants in Beaver Dam, two in Mayville and one in Wautoma. The company also has a plant in Neillsville and employs about 2,000 people nationwide.
New York officials say a $5.8 million grant and up to $6.2 million in tax credits have figured into Bausch & Lomb's decision to expand manufacturing and distribution in Rochester, N.Y.
Jackson Furniture, based in Cleveland, Tenn., announced Monday that it will add a plant in Myrtle to one it opened in Mantachie in September, investing $2 million overall.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses – along with their jobs – head to Mexico.
A Chinese furniture maker is establishing its first U.S. subsidiary in Virginia's Smyth County. Gov. Bob McDonnell announced the $2.1 million project Friday. He says the New Ridge subsidiary of Liaoyang Ningfeng Woodenware Co. is expected to create 125 jobs.
Hundreds of Amazon.com Inc. workers are staging a strike in Germany and the union says there will be more to come in the run-up to Christmas unless the online retailer raises wages.
Berry Plastics Corp. plans to close five of its manufacturing plants next year in response to weak demand for the company's plastic containers and packaging. The plants will close by Sept. 30, 2014, and cost about 200 workers their jobs.
In the lawsuit, Philip Berger claimed he developed inflammation of the lung after breathing contaminants from a chemical used to cool cutting tools at Copeland Scroll Compressors, a firm owned by Ferguson-based Emerson Climate Technologies.
General Electric Co. says it will close a northern New York electrical capacitor plant that employs about 200 workers.The Fairfield, Conn.-based company announced Thursday that it will follow through on plans announced in September to close its Fort Edward plant and move operations to an existing manufacturing site in Clearwater, Fla.
Job postings rose 69,000 to a seasonally adjusted 3.9 million, the Labor Department said Friday. That's the most since March 2008, just a few months after the Great Recession began. It's also close to the roughly 4 million job openings each month that are consistent with healthier job markets.
Ford Motor Co. says it will spend $150 million to upgrade its Buffalo-are plant and add 350 jobs, which would push employment to just under 1,000. The automaker has a stamping plant in the suburb of Hamburg, where pieces of metal called blanks are stamped into hoods, floor panels and other car parts.
A food-processing company has pushed back the date for restarting a closed factory in eastern Indiana where it plans to eventually have 400 workers. The company had planned to begin limited production at the plant in July 2014, but has delayed that until early 2015.
The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.
Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.
A tech incubator inside San Quentin is turning inmates into entrepreneurs and helping them find work at startups when they're released. Laurie Segall reports.
In the past ten years, Morton Manufacturing has grown from approximately $40,000 a month in sales to more than $2,000,000 per month. This included sales to all of the largest jet engine builders in the world.
Alabama officials are working to lure a Boeing Co. aircraft assembly plant to the Huntsville area. Gov. Robert Bentley, Huntsville Mayor Tommy Battle and economic developers met Tuesday in Birmingham with representatives of the aircraft manufacturer.
Apple Inc. will qualify for a $10 million grant from the Arizona Commerce Authority if it opens its proposed new plant in the Phoenix suburb of Mesa and meets job creation and capital investment targets, the agency announced Tuesday.
Colorado-based Pilgrim's Pride Corp. is closing a poultry plant that employs about 1,200 people in north Alabama, local officials said Tuesday, another blow to a region already dealing with job losses. Mayor Tim Walker and state Sen. Clay Scofield said executives informed them of the decision during a meeting at the plant in Boaz, where Pilgrim's Pride is the largest employer.