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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Dow Chemical Cutting 5,000 Jobs

December 8, 2008 7:11 am | by Deborah Jian Lee, AP Business Writer | Comments

Chemical maker to slash about 11 percent of its total work force, close 20 plants and sell several businesses to reign in costs amid the economic recession.


AMD Will Own Less Of Factories After Spinoff

December 8, 2008 7:10 am | Comments

Chip maker said Monday it will end up owning less of its factories than previously negotiated after they're spun off into a venture with the Persian Gulf state of Abu Dhabi.


British Car Parts Maker Files For Bankruptcy

December 8, 2008 7:09 am | by Jane Wardell, AP Business Writer | Comments

Wagon PLC said it planned to file for a form of bankruptcy protection on Monday after a global slump in demand for autos crippled its car parts business.


Boeing, Continental To Test Flight Powered By Biofuel

December 8, 2008 7:05 am | Comments

Continental Airlines and Boeing will test the use of a special blend of half conventional fuel and half biofuel with ingredients derived from algae and jatropha plants.


Big 3 Auto Bailout Plan Makes Progress

December 8, 2008 7:03 am | by Julie Hirschfeld Davis, Associated Press Writer | Comments

U.S. auto industry bailout plan could include a Cabinet-level oversight board and a provision to withdraw the loan if overseers decide the companies are failing to overhaul themselves.


Republic Windows’ Workers Protest Layoffs

December 8, 2008 6:25 am | Comments

Sit-in by laid-off workers at a shuttered window factory in Chicago is becoming a cause for those who want action to avert economic pain.


U.S. Automakers' Shares Up On Bailout Hopes

December 8, 2008 6:13 am | Comments

Shares of U.S. automakers surged sharply as Congress appears to be leaning closer to throwing the companies a financial lifeline, which could force the CEOs to step down.


Job Losses Could Surpass 3M By Mid 2009

December 8, 2008 5:55 am | by Edited by staff | Comments

Conference Board’s Employment Trends Index indicates the economy has lost 1.9 million jobs and declines suggest job losses could very well surpass 3 million by mid 2009.


AstraZeneca, Bristol-Myers Expand Drug Partnership

December 8, 2008 5:25 am | Comments

Drug developer Bristol-Myers Squibb Co. said Monday it expanded a diabetes drug partnership with AstraZeneca by adding development and sales in Japan to the deal.


Hynix Working To Raise Capital

December 8, 2008 5:20 am | by Kelly Olsen, AP Business Writer | Comments

South Korean chipmaker is looking to raise up to $690.6 million and is in no immediate danger, but its cash position could come under pressure if industry conditions do not improve.


Ford Idles Russian Plant

December 8, 2008 5:18 am | Comments

Automaker will halt production at its sole Russian assembly plant for one month as the financial crisis dents consumers' demand for cars, a company official said.


China Mulls Plans To Boost Economic Growth

December 8, 2008 5:10 am | by Joe McDonald, AP Business Writer | Comments

Beijing considers proposals to boost exports, cut income taxes and inject government money into slumping Chinese stock markets amid signs an economic slowdown is worsening.


Oil Prices Rise As OPEC Hints At Cutback

December 8, 2008 5:08 am | by Pablo Gorondi, Associated Press Writer | Comments

Crude prices bounced off four-year lows to trade above $43 as OPEC's president suggested it could surprise investors with a large production cut later this month.


SSAB To Cut 1,300 Jobs

December 8, 2008 4:55 am | Comments

Swedish steel maker will cut about 14 percent of its work force because of rapidly falling demand for steel, the company said Monday.


Ford: GM, Chrysler Can't Go Bankrupt

December 8, 2008 4:42 am | Comments

Chief Executive Alan Mulally says a bankruptcy filing by General Motors or Chrysler would drag Ford and industry suppliers into bankruptcy.


Indiana Cities: Auto Bailout Needed For Survival

December 8, 2008 4:40 am | Comments

Mayors of two Indiana cities heavily dependent on manufacturing say auto bailout is needed to prevent widespread unemployment and major losses in their communities.


Daimler May Cut Hours, Slow Production

December 8, 2008 4:37 am | Comments

Automaker is considering cutting working hours at all its plants in Germany, widening plans to slow production as demand drops.


Sen. Dodd: GM Head Should Step Down

December 8, 2008 4:35 am | by Philip Elliott, Associated Press Writer | Comments

Christopher Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, said Sunday that the head of General Motors, Rick Wagoner, 'has to move on.'


UK Manufacturers See Costs Fall

December 8, 2008 4:26 am | Comments

Office for National Statistics said prices at the factory gate -- also known as output prices -- fell by 0.7 percent in November due to sliding oil prices.


Chinese Auto Sales Slide In November

December 8, 2008 4:20 am | by Elaine Kurtenbach, AP Business Writer | Comments

China's passenger car sales fell 10.3 percent in November from a year earlier as stalling economic growth sapped consumer confidence, state media reports said.



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