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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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


Former OSHA Head Joins Fisher & Phillips

November 10, 2008 8:00 am | by Edited by 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.


Conference Board: Index Suggests Reduced Payrolls

November 10, 2008 7:05 am | by Edited by 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.


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.


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.


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.


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.


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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