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.
A reader recently sent me an email lamenting some of the big business-big labor tensions that had been peppering IMPOmag.com’s news section. Paul’s point was about compromise, and how give and take was the necessary component to everything — whether it be tense negotiations in the workplace, or even a discussion with your family about how to spend your Saturday.
Business leaders from Oracle Corp., Ford Motor Co. and The Boeing Co. said Tuesday their companies have found that it makes sense to bring jobs back to the United States — even to smaller cities in places such as Montana. Oracle President Safra Catz said her company has been centering its cloud computing division in the nearby mountain town of Bozeman.
Dozens of layoffs are still expected at the Boise Inc. plant in International Falls, despite news the company is being acquired by Packaging Corp. of America. International Falls plant spokeswoman Lori Lyman tells WDIO-TV the acquisition doesn't change the loss of 265 local Boise jobs.
A mattress maker will relocate its operations to a vacant facility near Tupelo, Miss., after lightning sparked a fire that destroyed its Double Springs, Ala., factory. Posturecraft Mattress Co. will open a plant in the former location of National Mattress Co. in Plantersville, with plans to hire 125 to 150 people, state Rep. Steve Holland says.
Chattanooga, Tenn., beat out 400 other cities to be the home of a new VW plant five years ago, which created jobs for 2,500 people. Jessica Davis is one of the workers who belong to the manufacturing middle class America is trying to rebuild. CBS News' Mark Strassmann reports.
Gov. Bobby Jindal and Benteler Steel/Tube marked the start of construction Monday with a groundbreaking on the company's new $975 million hot rolling seamless steel tube mill in Caddo Parish. The Paderborn, Germany-based company said the Louisiana site at the Caddo-Bossier Port was chosen from more than 100 possible locations due to its proximity to the North American oil and gas production market and the area's skilled workforce.
A labor coalition wants Illinois' pollution control board to waive pollution controls at coal-fired plants being sold by Ameren Corp. The AFL-CIO is making its position known hours before the Illinois Pollution Control Board is set to meet in Springfield on Tuesday.
The median age of the labor force is anticipated to increase rapidly, with one-third of the U.S. labor force turning 55 by 2015. This may have far-reaching implications on the number and type of work-related injuries experienced. Most companies are not prepared for these changing demographics.
The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.
Production and skilled trades workers at the General Motors assembly plant in Ingersoll, Ont., have ratified a contract agreement with the automaker. The 2,700 workers are members of Unifor, the new union created by the merger of the Canadian Auto Workers with the Communications, Energy and Paperworkers union.
Daimler Trucks North America announced Friday it will expand its Portland headquarters after state and city officials offered nearly $20 million in incentives. The unit of Daimler AG said its new building will house 400 new white-collar workers and hundreds of existing employees who now work in rented offices across the Willamette River.
Miller Electric, a leading manufacturer of welders and welding supplies, recently announced that its president, Mike Weller, has been recognized by the Wisconsin Technical College District Boards Association for his service to the Wisconsin Technical College System. Given the constant pressure that manufacturers face in attracting and replacing skilled workers, we asked Weller for some perspective on the future of the skills trades.
President Barack Obama is meeting with union leaders at the White House to discuss labor's growing concerns about the new health care law. Friday's meeting comes after the AFL-CIO approved a resolution this week saying the law could drive up the cost of union-sponsored health plans, encouraging some employers to drop coverage.