During his State of the Union address, President Obama said "our first priority is making America a magnet for new jobs and manufacturing." And, as CBS News' Major Garrett reports, the president toured a factory in North Carolina to drive that message home.
President Obama asked Congress to do more for American manufacturing. Just after stating that the manufacturing industry has created more than 500,000 jobs in the last three years, and that companies like Caterpillar and Apple are bringing jobs back to America, the President outlined his plan to see Congress approve fifteen manufacturing innovation institutes.
The Bowling Green Area Chamber of Commerce announced today that Alpla, Inc., an Austrian-based plastic packaging company, plans to establish manufacturing operations in Bowling Green, Kentucky, creating 72 new, full-time jobs and investing more than $22.4 million in the Commonwealth.
Labor unions are asking a federal judge in Detroit to block part of Michigan's right-to-work law from taking effect in late March. The lawsuit filed Monday is the second to challenge the law in recent weeks. It prohibits requiring workers to pay union dues or fees as a condition of employment.
Workers fired flares and paint bombs and riot police answered with tear gas in a standoff Tuesday over layoffs at a French plant for U.S. tiremaker Goodyear, amid tensions over a slump in Europe's car industry that has hurt automakers and their suppliers.
Hewlett-Packard Co., the world's largest personal computer maker, is vowing to crack down on its Chinese suppliers in an effort to reduce the use of low-paid student interns and other temporary workers. The guidelines unveiled Friday are the latest attempt by a major U.S. technology company to weed out labor abuses at Chinese factories that manufacture the gadgets for an Internet-connected world.
Sisters-based GFP Emergency Services has opened a new facility in Prineville and created jobs for 90 people to revamp shipping containers for use as temporary housing, medical and other facilities. And more jobs appear headed to the city, with a Madras-based company's plans to start another container-conversion business in Prineville.
New technologies and industries inevitably outpace older ones. When analog became obsolete, digital took over. LCD TVs gradually buried CRTs. And those who cling to obsolescence (beyond what the market dictates, that is — see the untimely incandescent ban) are left behind.
NBC News host, JJ Ramberg, discusses the hiring climate, and why many small businesses have been reluctant to add staff. The drawn out process for resolving the fiscal cliff hurt some confidence while the threat of massive automatic cuts have already started to affect business decisions.
German steelmaker ThyssenKrupp says it will slash at least 2,000 jobs by 2015 as part of a cost-saving drive as the company copes with high commodity costs and the struggling European economy. Essen-based ThyssenKrupp Steel Europe says a further 1,800 jocbs may be lost as it sells parts of the company.
Struggling Japanese electronics maker Fujitsu is slashing 5,000 jobs, or nearly 3 percent of its global workforce, as it seeks to boost profitability by reshaping its computer-chip business and its overseas operations. Fujitsu said Thursday the job cuts will be completed by the end of this fiscal year next month, and will rely on early retirement, layoffs and other methods. Details were undecided.
Hino Motors Manufacturing USA plans to cut production at its Williamstown plant and lay off temporary workers. Hino spokesman Sandy Ring tells media outlets that the cuts are due to unexpected soft sales in the fourth quarter. Ring says the number of layoffs hasn't yet been determined. The cuts are expected to occur at the end of the month.
If we were to change our education system, as well as put a higher value to those who serve the economy outside of cubicles and office space, we would see corporations bring their manufacturing back to the United States. They would create the jobs that so many are searching for. The price for manufacturing will drop domestically, which will in turn bring manufacturing jobs back home.
Just when Boeing really needs its engineers, they're voting on whether to strike. It's bad timing for Boeing. The aircraft maker is working around the clock to solve battery problems that have grounded its 787s around the world, and unionized engineers are a big part of that effort.
Taiwan-owned Foxconn Technology Group, a leading maker of Apple's iPhones and gadgets for other global brands, is widening the scope of union elections at its sprawling facilities in China. The move, confirmed by the company Monday, follows a series of recommendations from an international panel hired by Apple to audit conditions for the 1.2 million workers in Foxconn's mainland factories.
President Barack Obama is letting his jobs council expire, cutting off one source of input from business leaders while unemployment remains stubbornly high. Obama formed the Council on Jobs and Competitiveness in January 2011, when unemployment was about 9 percent. It's now 7.8 percent, though more than 12 million people are out of work.
Harman International Industries Inc. said Thursday it plans to cut about 1,000 jobs, or about 4 percent of its work force, to reduce operating expenses. The announcement came in the heels of fiscal second-quarter results that fell below Wall Street's expectations amid a slowdown in the automotive sector and economic challenges, especially in Europe.
Workers are cranking out precision machine parts at the Komo Manufacturing plant in Lakewood, New Jersey now that the work has returned from China. Skilled manufacturing jobs are returning to the United States, as labor costs rise abroad and quality concerns permeate the market.
Daimler Trucks North America warned Thursday that about 1,300 factory jobs could be lost in North Carolina and Oregon, reversing course a year after announcing a rebound in U.S. and overseas commerce was boosting demand for freight-hauling equipment.
Anyone who watched the Super Bowl last year likely caught a glimpse of Clint Eastwood proclaiming that it was “halftime in America.” The country had been knocked down: The housing bubble had burst and top U.S. automakers – employing thousands of American workers – had sought a government bailout.
The stock market is now back at pre-recession levels at a five-year high and unemployment is at a five-year low. CNBC's Jim Cramer talks about whether we're back on solid footing or looking at a short-lived bubble in this video from NBC's Today show.
Pro-union workers said Tuesday that Nissan Motor Co. has threatened to close its Canton assembly plant if workers vote for the United Auto Workers to represent them, though the company denies such threats. Such threats would violate federal law, which bars managers from telling employees they'll close a plant in retaliation for a pro-union vote.
Gov. Rick Snyder asked the Michigan Supreme Court on Monday to rule quickly on the constitutionality of the new right-to-work law that takes effect in late March, saying questions on how it would impact 35,000 unionized state employees must be resolved before new contract talks begin this summer.
Gov. Mike Beebe on Tuesday unveiled Arkansas' largest ever economic development project, saying investors were poised to build a $1.1 billion steel mill along the Mississippi River if legislators approve startup funding. Big River Steel LLC, to be located near Osceola, would employ 525 people with an average salary of $75,000 — twice the state average.
Six Belgian police officers have been injured in scuffles with some 2,000 steel workers protesting plans to lay off 1,300 workers at several plants in Liege. Workers seeking to get close to the regional government offices in southern Namur threw bricks at police. Authorities responded with tear gas and water cannon.