The Energy Department said it will lose about $42 million on a loan to a now-shuttered Michigan company that made vans for the disabled. Vehicle Production Group suspended operations in February and laid off 100 workers. The company had paid back $5 million of a $50 million federal loan this spring.
Not too long ago, Monster.com, the well-known online job marketplace, conducted a comprehensive survey on the state of U.S. manufacturing jobs, and came to some compelling, if not worrying, results. In general, workers in U.S. manufacturing are largely unhappy with their current positions, for a variety of reasons, and are more likely to be actively searching for different work, be it at another plant, or another industry.
Michigan may have large natural gas reserves deep underground, but it will likely be years before they would be developed on a large scale, giving policymakers time to deal with the environmental and public health concerns associated with the extraction method known as fracking, according to a study released Thursday.
Green Mountain Coffee Roasters Inc. said Thursday that it will cease production at its facility in Toronto and cut 120 jobs as it consolidates its Canadian production in Montreal. The Waterbury, Vt., company said it will move all of its Canadian coffee and portion-pack production to its facility in Montreal. It plans to end its operations in Toronto by March 5.
The United Auto Workers union confirmed Friday that it's in talks with Volkswagen about representing workers a factory in Chattanooga, Tenn. Currently no U.S. plants owned by foreign automakers have UAW representation. But the union has been trying for years to organize the plants, which mainly are in southern states.
U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserve's decision later this month on whether to reduce its bond purchases.
The third and final phase of a comprehensive study co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy demonstrates that the impact of shale energy production on America’s economy goes well beyond the energy industry itself—but it could be in jeopardy if the U.S. adopts more restrictive policies or regulations.
American businesses added 176,000 jobs in August, a private survey showed Thursday. That was fewer than in June and July but roughly in line with the monthly average for the year. The payroll company ADP said professional and business services firms added 50,000 jobs.
Manufacturers and others responsible for attracting jobs in West Virginia need to get tomorrow's workforce interested in their industries at a young age, a speaker at an economic forum said Wednesday. With coal industry jobs dwindling and young people leaving the state to find work, members of a panel at the Clay Center in Charleston discussed workforce training and directing students toward getting degrees that fit available jobs.
The prospect of the United Auto Workers gaining a new foothold at Volkswagen's plant in Tennessee worries some Southern Republicans, who say laws banning mandatory union membership have helped lure foreign automakers. But Volkswagen faces pressure from labor interests on its supervisory board to grant workers a stronger voice at the plant.
Italian carmaker Fiat, which controls Chrysler, will go ahead with investments in its flagship Mirafiori plant in Turin, where it will produce Maserati SUVs. Fiat confirmed the decision Wednesday, after signing a contract with seven unions on flexible work rules.
St. James Lighting is expanding its operations in Columbia, Miss., to create 20 new jobs. The announcement came Tuesday from the company and the governor's office. Officials say the $225,000 investment will meet a growing demand for its products. The company currently has 23 employees.
Auto parts supplier Calsonic Kansei North America announced Tuesday it will add 1,200 jobs at its plants in Tennessee over the next three years. The Nissan subsidiary said it is investing $109 million at its facilities in Lewisburg, Shelbyville and Smyrna, and that total employment in the state will reach nearly 3,800 within three years.
A German newspaper says United Auto Workers union officials met last week with Volkswagen to discuss representing workers at VW's Chattanooga, Tenn., plant. The Handelsblatt business daily says UAW President Bob King and five other officials were at VW's headquarters in Wolfsburg, Germany, to meet with the employee relations chief.
Toyota Motor Corp. is investing $90 million in its Buffalo, W.Va. manufacturing plant. Gov. Earl Ray Tomblin announced Friday the automaker's investment will create about 80 jobs. Tomblin says Toyota Motor Manufacturing West Virginia Inc. plans to increase production of 6-speed automatic transmissions by 20,000 per month by early 2015.
Toyota said Friday that it will spend $102 million to increase U.S. production of transmissions. The company said that it will boost its automatic-transmission assembly and machining capacity at its Buffalo, W. Va., plant, as well the capacity at its powertrain plant and Bodine Aluminum casting facilities in Missouri and Tennessee.
A new report on New York's economy calls the last 10 years a "lost decade" for typical workers, with median wages dropping almost 7 percent for men and about 1 percent for women. The Fiscal Policy Institute said the recovery from the Great Recession shows more underemployment despite the state restoring overall jobs lost in the downturn.
Companies and communities across the United States announced at least 58 clean energy and clean transportation projects in the second quarter of 2013 that could create as many as 38,600 jobs, according to a report released by the nonprofit business group Environmental Entrepreneurs (E2).
The number of Americans seeking unemployment benefits remained near the lowest level in more than five years last week, a sign that companies are cutting few jobs. First-time applications for benefits fell 6,000 to a seasonally adjusted 331,000, the Labor Department said Thursday.
President Barack Obama will speak to the AFL-CIO's Quadrennial Convention next month in Los Angeles. The AFL-CIO is a key part of the Democratic base, but Obama has a fragile relationship with the group. White House and labor officials confirm Obama's attendance on Sept. 9.
Supported by 1,400 new employees, the new Ford Fusion rolled off the line at Flat Rock Assembly Plant yesterday, marking the first time the popular car has been built in the United States. The move expands Fusion availability by more than 30 percent – up to 350,000 units annually – as the midsize sedan is setting sales records for Ford.
By working together, PMMI members hope to spark a new generation of manufacturing workers. They say it takes a village to raise a child. PMMI members in Milwaukee and Minneapolis would put it another way: “It takes an industry to raise a workforce.”
Walmart SVP Michelle Gloeckler explains her company's $50 billion effort to sell more American made goods over the next ten years. Even if Walmart is successful in getting key retailers and suppliers on board, experts say it won't rejuvenate the U.S. manufacturing industry. But the movement could help stem the tide of jobs flowing to China and elsewhere that has been occurring in the last two decades.
For the first time, Ford Fusion vehicles are being built just outside Detroit, a positive sign that the automotive industry is bringing production back to the United States. The company's Flat Rock, Mich., plant near Detroit will start making the Fusion Thursday. Ford hired a second shift of 1,400 new workers to make the Fusion at the plant, which also makes the Mustang sports car.
The economy is showing signs of life and that makes it a good time for small business owners to re-evaluate how they are running their companies. Now that crisis mode has passed, owners need to make sure they're ready to take advantage of growth opportunities on the horizon. Experts say it's time for owners to think about taking some risks and to make sure that they are taking care of employees.