Caterpillar says it plans to close its Summerville remanufacturing plant next year, a move that will put 280 people out of work. The Post and Courier of Charleston reports the company said Monday that the decision came after an extensive strategic review of the business.
Japan manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery. Factory output rose 0.2 percent, the Ministry of Economy, Trade and Industry said Tuesday, in the fourth straight monthly increase. It pointed to strength in chemicals, electrical components, telecommunications equipment and steam turbines.
Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. The company plans to invest $300 million, hiring 500 people, in a first phase, and could invest $1.2 billion, hiring 2,000 people, over time. State and local governments could give more than $340 million in aid and tax breaks.
With the backdrop of an uncertain economy, shrinking unions and company cost-cutting, Goodyear and the Steelworkers are negotiating on a new national contract covering 8,000 tire workers at six plants. The first round of talks in Cincinnati ended Thursday and recessed.
A Japanese company will get incentives that could be worth more than $330 million to build a tire manufacturing plant in Clay County. Mississippi lawmakers quickly passed the bill intended for Yokohama Rubber Co. Ltd. in a Friday special session, with House members supporting it 117-2 and Senate members supporting it unanimously. The entire session took less than four hours.
Caterpillar Inc. is laying off about 60 employees at a plant in central Illinois as the company deals with declining profits. The Journal Star in Peoria reports that Caterpillar said Thursday that it will lay off workers at a foundry in Mapleton starting in early May. The town is just south of Peoria, where Caterpillar is based.
After weeks of threatening rhetoric from the North, South Korea on Thursday promised its own unspecified "grave measures" if Pyongyang rejects talks on a jointly run factory park shuttered for nearly a month. The park in the North Korean border town of Kaesong is the most significant casualty so far in the recent deterioration of relations between the Koreas.
Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and improve profitability as stainless steel demand continues to fall. The world's leading stainless steel maker says about a third of the job cuts will be applied this year, mostly in Germany, Sweden and Finland, in line with production capacity reductions and streamlining.
South Carolina Gov. Nikki Haley on Tuesday signed legislation to provide $120 million in incentives to the Boeing Co. for its expansion plans in the state. "Boeing is a part of the fabric of South Carolina, and this solidifies our relationship with Boeing going forward," Haley spokesman Rob Godfrey said.
A now-defunct Texas company that put mentally disabled men to work at an Iowa turkey plant for decades is due in court to defend itself against allegations that it subjected the men to physical and verbal abuse. The U.S. Equal Employment Opportunity Commission is suing Henry's Turkey Service on behalf of 32 former workers.
Bells Brewery Inc. is seeking the Escanaba City Council's approval Thursday to buy property and build a manufacturing plant in the Upper Peninsula city. MLive.com reports that the Kalamazoo-based beer-maker on Friday offered $35,000 for 3.15 acres in the Whitetail Industrial Park. Bell's offer says it will build the plant within 18 months and says it will employ five people.
A Canada-based company plans to manufacture wind towers in a building it purchased in the eastern South Dakota city of Brandon. The Argus Leader reports that Marmen Inc. promotes itself as the largest wind tower manufacturer in North America. The company has said it plans to hire 200 people at the new plant.
Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows. The National Association for Business Economics survey asks how higher taxes and lower government spending effected businesses in the first three months of 2013.
The Department of Commerce and Economic Opportunity is giving an auto parts maker $4.4 million in tax breaks and other incentives after the company agreed to add 300 jobs at its plant in eastern Illinois. The department said Thursday that North American Lighting Inc. will add the jobs at its plant in Paris as part of a $50 million expansion.
For the first time, a Lexus vehicle will be produced in the United States. The Lexus ES 350 will be assembled at Toyota Motor Manufacturing, Kentucky in 2015, Toyota announced today. The move will generate 750 new jobs. To support the new dedicated assembly line, Toyota will invest $360 million in the Georgetown plant.
The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March's sluggish hiring may be temporary.
Employers in Germany's key manufacturing sector are offering a pay increase that falls well short of the 5.5 percent raise a union is seeking for some 3.7 million workers. The employers' association in the southern region of Bavaria is offering a 2.3 percent increase over a 13-month period, news agency dpa reported Friday. The IG Metall union is seeking the bigger raise as part of a 12-month deal.
Things are looking up for business in Appomattox: Tractor Supply is almost ready to open their doors and the locally owned TriTech Solutions just recently popped up. Three local entrepreneurs started the most recent TriTech Solutions. Members of the town say this business has the potential, and the precision, to go a long way.
Volkswagen is dropping the third assembly shift at its Chattanooga plant. As first reported by WRCB-TV, the move will eliminate 500 temporary jobs. Volkswagen spokesman Guenther Scherelis said strong domestic demand for the Passat drove adding the third shift.
Legislation giving the Boeing Co. $120 million in incentives for their expansion plans in South Carolina is one vote away from reaching the governor's desk. The House voted 115-2 Wednesday to approve the bill. Another vote would send it to Gov. Nikki Haley, who is sure to sign it. The Senate approved the measure last week.
State officials say SGL Carbon will invest $26 million in the company's manufacturing plant in Ozark, where it will add a new workshop. SGL Carbon now employs 90 workers at its plant, which makes graphite electrodes that are used in a process to recycle steel scrap.
Bombardier Aerospace doesn't expect to hire more foreign workers to build its new CSeries aircraft despite possible shortages in skilled labour in Canada. The aerospace giant has occasionally hired foreign engineers and temporarily uses its own employees from the U.S., China and Britain.
Union members will soon head back to work at American Crystal Sugar plants in Minnesota, Iowa and North Dakota, but they say the sting of a 20-month lockout will make their return difficult both for them and the company. A slight majority of union members voted to accept the company's contract offer over the weekend after rejecting the same terms four times before.
When Tom Donilon, the National Security Advisor for President Obama was asked what the two most pressing issues that kept him up at night, he replied, terrorist attacks and the US declining national competitiveness. The backdrop of 600,000 unfilled manufacturing jobs at a time when unemployment is near 8 percent has most certainly been his nightmare in the making.
A metal fabrication company says it is coming to South Carolina's Anderson County and will hire nearly 150 workers. SMF Inc. plans to spend nearly $6 million putting its new plant in an existing building, opening in July. The company hopes to have 146 employees working in the plant by 2018.