The first group of Caterpillar workers is moving in to office space at the company's new Georgia plant. The Athens Banner-Herald reports that the 850,000-square-foot facility is now home to 50 workers. They moved in to the new space less than a year after the official groundbreaking for the plant in Bogart, just west of Athens.
A Sterne Agee analyst said auto sales have been strongly tied to the unemployment rate for years, and that makes February's drop in the jobless rate to 7.7 percent good news for automakers. Michael Ward said the unemployment rate has been an indicator of vehicle demand for the past 30 years, and the trend continues to hold up now.
The automatic sequester budget cuts are expected to slash $43 billion in defense spending over the next seven months - 8 percent of the Pentagon's budget. And, as CBS News' Ben Tracy reports, that will impact thousands of small businesses that work in the defense industry.
Italy's labor minister is criticizing a decision by the Bridgestone tire company to close a plant in southern Italy as "serious and without reason." Corrado Passera protested in a letter to the Japanese company, released by the labor ministry Thursday, that the company had failed to work with authorities to find another solution.
Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. Last year, Google Inc. announced 4,000 Motorola job cuts. The latest reductions are in addition to those and will be in countries including the U.S., China and India.
The Labor Department says applications fell 7,000 in the week ended March 2. That's near five-year lows reached in January. And the four-week average, a less volatile measure, dropped 7,000 to 348,750. That's the lowest since March 2008, just a few months into the Great Recession.
The Advanced Technological Education (ATE) Program at the National Science Foundation (NSF) focuses on the education of technicians for high technology fields. ATE supports rigorous educational programs that incorporate industry recognized skills and competencies to prepare a qualified technical workforce for industries that are vitally important to the nation's prosperity and security.
Tyson Foods has announced plans to close its small processing plant in Springdale. The company announced this week that "changing demand for certain specialty products" led to the decision to shut down the plant. The company says the plant's about 60 hourly workers will be offered jobs at other company locations in Springdale and northwest Arkansas.
General Motors Co.'s Opel unit reached a deal with its employee council on Thursday to keep car production going at a troubled German plant until the end of 2016, after which it hopes to keep the site open as a components factory. The announcement followed long-running and sometimes rancorous negotiations on a turnaround plan for GM's struggling European unit.
Boeing is trimming the number of temporary contract workers employed at its South Carolina assembly plant. The company says the reductions have been planned for some time and have nothing to do with battery problems in its 787 jetliners. Spokeswoman Candy Eslinger says the North Charleston plant employs more than 6,100 workers including regular employees and contract workers.
Chrysler said it will invest nearly $400M and create 1,250 new jobs at transmission and metal casting factories in the Kokomo, Indiana, area. CEO Sergio Marchionne confirmed that Chrysler will spend $162M and add 850 new jobs at a former Getrag Transmission plant in nearby Tipton. The company will spend another $212M for equipment and tooling at three other factoring, creating 400 new jobs.
Construction equipment maker Caterpillar says it will cut more than one in three jobs at its Belgian plant because of high labor costs and sluggish growth in its European market. Caterpillar Inc. says Thursday it plans to cut 1,400 of the 3,400 jobs at its Gosselies plant south of Brussels alongside other measures aimed at restoring the site's competitiveness.
If lawmakers cannot find a way to avoid the sequester, thousands of workers at the Anniston Army Depot and Redstone Arsenal in Alabama will take a pay cut. The effect would be particularly devastating in Huntsville, AL, because the local economy is so dependent on Redston.
Austin Polytechnical Academy was founded as a partnership between labor and business to train students for high-end manufacturing jobs that often remain unfilled for lack of trained talent. The goal of this school is to educate students in all areas of manufacturing.
More than 400 American Crystal Sugars workers in North Dakota who are locked out in a contract dispute are eligible for unemployment benefits, the state Supreme Court ruled. The decision reverses a lower court's ruling that said the workers were not eligible for benefits from Job Service North Dakota because state law prohibits unemployment insurance for workers involved in labor disputes.
President Barack Obama is arguing that looming government-wide spending cuts could idle military resources like naval aircraft carriers, while Republicans are criticizing the president for taking his arguments outside Washington instead of staying to work out a plan before Friday's deadline.
Workers at a dying French tire factory who've become the butt of American jokes are staging a day of last-ditch protests to try to save their jobs. The protests Tuesday at the Goodyear plant in the northern city of Amiens come after efforts to find a new buyer for the struggling plant have fizzled.
A Pearl River County judge has ruled against a group of residents who sought to block development of five acres near the construction site of a sand drying plant in Pearl River County. The Alliance Consulting Group is locating the plant on 30 acres between Nicholson and Picayune. The $30 million plant will service the oil industry. It will create 40-to-50 jobs.
NBC News contributor and formed chief economist to Vice President Biden, Jared Bernstein discusses the big debate over the benefits of raising the minimum wage to $9 an hour. A new poll finds wide support for raising the minimum wage by a nearly 3:1 margin.
Heavy machinery manufacturer Caterpillar Inc. is considering closing its distribution facility in central Pennsylvania. The York Distribution Center in Springettsbury Township employs 250 people. Caterpillar spokesman Jim Dugan says the workers were notified in September about the possibility the facility could move elsewhere in the eastern U.S.
Ford's Americas President Joe Hinrichs talks with CNNMoney about Ford's plan to bring manufacturing back to the United States, Ford's eco-boost engine overcapacity in Europe, and the growing North American demand for the eco-boost engines. This growing demand for fuel-efficient vehicles has prompted Ford to expand engine production in the U.S., adding 450 jobs at one of the company's Ohio plants.
More layoffs are coming to wind turbine manufacturer Vestas. The company announced Thursday it was cutting about 10 percent of its manufacturing work force in Colorado. It blamed the battle in Congress over a tax credit for wind generators. Congress last month granted a last-minute one-year extension of the $12 billion credit.
A straight-talking U.S. businessman and a European socialist government were never likely to become the firmest of friends, but a letter from Maurice Taylor, CEO of tire-maker Titan International, blasting the French work-ethic has ruffled France's feathers.
French workers have hit back at scathing comments made about them by an American tycoon. Maurice Taylor, the CEO of U.S. tire company Titan International told France's industry minister in a letter published by French media that he didn't want to take over a struggling tire plant as the workforce ''works only three hours.''
Iowa workers who lost jobs when Hostess Brands went out of business are eligible for federal income, training and job search benefits. The maker of Twinkies and other snacks ceased operations in November, laying off dozens of workers at a Waterloo bakery and distribution center, as well as truck drivers and local retail employees in Iowa.