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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Amylin Pharmaceuticals Eliminates 340 Jobs

November 11, 2008 4:36 am | Comments

Drugmaker Amylin Pharmaceuticals Inc. will cut 340 jobs, or a quarter of its San Diego work force, in a move to cut operating expenses by more than $100 million in 2009.

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Alcoa Halts Australian Refinery Expansion

November 11, 2008 4:26 am | Comments

Aluminum producer suspended its expansion of an alumina refinery in Western Australia state and slashed metal production as demand weakens due to the global credit crisis.

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General Motors Cuts Another 1,900 Workers

November 11, 2008 4:19 am | by Tom Krisher, AP Auto Writer | Comments

GM to lay off another 1,900 factory workers at parts stamping, engine and transmission factories in North America as it cuts expenses to deal with a worsening cash crisis.

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Carmaker Dacia To Stop Production

November 11, 2008 4:10 am | Comments

French-Romanian carmaker and steelmaker Arcelor Mittal Hunedoara will temporarily halt production as the world's economic turmoil hits Romania's industrial sector.

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German Investor Confidence Rises

November 11, 2008 4:05 am | by George Frey, AP Business Writer | Comments

Investor confidence rose slightly in November, supported by interest rate cuts and German government action to combat the economic slowdown, but remained very low.

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Volvo To Layoff 1,000 In Sweden, North America

November 11, 2008 4:00 am | Comments

Swedish truck and bus maker says it will lay off 900 permanent workers at its powertrain unit in Sweden and 100 in North America.

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Chinese Exports Weaken, Trade Surplus Hits Record

November 11, 2008 3:59 am | by Joe McDonald, AP Business Writer | Comments

China's trade surplus set new record in October but export growth weakened, adding to pressure on the economy as Beijing launches a multibillion-dollar stimulus package.

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Chinese Automaker Coming To Detroit Auto Show

November 11, 2008 3:56 am | Comments

Brilliance Auto, BMW's Chinese partner, will make its first appearance at any North American auto show in Detroit in January.

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GM Shares Sink To 60-Year Low

November 11, 2008 3:52 am | by Bree Fowler, AP | Comments

Bad news kept piling up for General Motors on Monday as shares plunged and some analysts predicted the automaker would collapse without a government bailout.

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Putin: Russia Wants Say In Oil Prices

November 10, 2008 12:00 pm | Comments

Prime Minister Vladimir Putin called for Russia, world's second largest oil exporter, to assume greater role in influencing oil prices, Russian news agencies reported.

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First Toyota Venza Rolls Off Factory Floor

November 10, 2008 11:45 am | by Dan Strumpf, AP Auto Writer | Comments

Toyota rolled its first Venza wagon off the factory floor in Kentucky on Monday as the automaker tries to push further into the small vehicle market.

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GM Casts Doubt On Fate Of GMAC, Delphi

November 10, 2008 10:30 am | by Bree Fowler, AP | Comments

General Motors says the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage business of its GMAC financial arm can survive.

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Former OSHA Head Joins Fisher & Phillips

November 10, 2008 8:00 am | by Edited by Manufacturing.net Staff | Comments

Edwin G. Foulke, Jr., former Assistant Secretary of Labor for Occupational Safety and Health, joins labor and employment firm.

Freeport-McMoRan Reduces Molybdenum Production

November 10, 2008 7:45 am | by Sandy Shore, AP Business Writer | Comments

World's largest publicly traded copper producer said Monday it would cut molybdenum production and lay off 14 percent of its work force at a Colorado mine.

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Conference Board: Index Suggests Reduced Payrolls

November 10, 2008 7:05 am | by Edited by Manufacturing.net Staff | Comments

The Conference Board Employment Trends Index prolonged its steep decline in October, suggesting that employers will continue to aggressively reduce payrolls well into 2009.

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DHL To Cut 9,500 Jobs In U.S.

November 10, 2008 7:00 am | by George Frey, AP Business Writer | Comments

Deutsche Post AG will close all of its DHL Express service centers, cut 9,500 jobs in the U.S. and eliminate U.S.-only domestic shipping by land and air, the company said Monday.

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Nortel Networks To Cut 1,300 Positions

November 10, 2008 6:40 am | Comments

Canadian telecommunications equipment maker said besides job cuts, it is freezing salaries and hiring, re-evaluating its real estate holdings and cutting discretionary spending.

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Eurozone Chief Supports Aid For Automakers

November 10, 2008 5:45 am | Comments

President of the Eurogroup -- representing the 15 European countries that use the euro currency -- said he favors action to support the 'very enfeebled' European auto sector.

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China: Stimulus Plan Important For World

November 10, 2008 5:05 am | by Joe McDonald, AP Business Writer | Comments

Faced with the prospect of zero export growth, closing factories and mass layoffs, China moves to cushion the blow of the global slowdown with a $586 billion stimulus package.

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Hyundai Opens First European Car Plant

November 10, 2008 4:45 am | Comments

South Korean auto maker on Monday officially opened a new $1.3 billion car plant in the Czech Republic, designed to produce up to 300,000 cars a year by 2011 for European markets.

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