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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Brazil's Vale Cutting 1,300 Jobs

December 3, 2008 6:50 am | Comments

World's largest iron ore producer has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel.

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AstraZeneca Appoints North America CFO

December 3, 2008 6:41 am | Comments

British drugmaker AstraZeneca PLC said Wednesday it named Graham Baker vice president and chief financial officer for North America, effective Jan. 1.

Watchdog: Fewer Toys Have High Lead Levels

December 3, 2008 5:24 am | by Mae Anderson, AP Business Writer | Comments

After recalls of millions of toys last year, watchdog group said fewer toys have high levels of chemicals, but about a third of the toys tested contained a worrisome level of chemicals.

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La-Z-Boy Unit To Close Mississippi Plant

December 3, 2008 5:20 am | Comments

Bauhaus USA Inc., a division of La-Z-Boy, will close its upholstered furniture plant in Sherman, Miss., costing 139 jobs in the latest setback for the area’s troubled furniture industry.

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Toyota Cutting Output In Japan

December 3, 2008 5:15 am | Comments

Automaker will suspend production of some vehicles in Japan for two days later this month to reduce output to grapple with slowing global demand.

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Court Approves Pilgrim's Pride Financing

December 3, 2008 5:10 am | Comments

Poultry processor, which filed for bankruptcy protection this week, said a Texas court approved an agreement allowing the company to access $365 million in financing.

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U.S. 3Q Productivity Growth Better Than Expected

December 3, 2008 5:06 am | by Martin Crutsinger, AP Economics Writer | Comments

Worker productivity slowed in the summer while wage pressures increased, but both were better than expected and unlikely to raise inflation alarms at the Federal Reserve.

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U.S. Steel To Idle 3 Plants

December 3, 2008 4:45 am | Comments

United States Steel Corp. will temporarily idle three facilities -- affecting 3,500 workers -- in its latest move to reduce production amid falling demand for its steel products.

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Hanesbrands Closing N.C. Plant Earlier Than Expected

December 3, 2008 4:35 am | Comments

Winston-Salem-based company is closing its last large knit-fabric textile plant in the U.S. in mid-February instead of next summer as it moves production to Asia.

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Chinese Currency Dispute Flares Ahead Of Talks

December 3, 2008 4:32 am | by Elaine Kurtenbach, AP Business Writer | Comments

Decline in the Chinese currency's value against the U.S. dollar is threatening to bring the long-simmering issue to full boil as U.S.-China economic talks get under way.

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Kia Motors' U.S. Plant On Track

December 3, 2008 4:31 am | Comments

South Korea's second-largest automaker said Wednesday that construction of its first U.S. plant is proceeding on schedule and will open as planned late next year.

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Magna International Closing Parts Plant

December 3, 2008 4:30 am | Comments

Auto supplier’s parts plant employing 260 in Cape Breton, N.S., is shutting down this month and will be permanently closed by the end of next year.

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Germany's Auto Industry Expects Dismal 2009

December 3, 2008 4:28 am | by Alexis Kunsak, Associated Press Writer | Comments

German auto industry's leading trade group said Wednesday it expects next year's car sales to be the worst since the reunification of the country in 1990.

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Sweden Doesn't Want To Buy Volvo, Saab

December 3, 2008 4:23 am | Comments

Swedish government on Wednesday said it's ready to support U.S.-owned automakers Volvo and Saab but doesn't want to take over the troubled brands.

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Senator: Congress Not Anxious To Bailout Automakers

December 3, 2008 4:18 am | by Deborah Yao, AP Business Writer | Comments

Pennsylvania senator said the mood in Congress was 'not supportive' of the $25 billion bailout, but added that bankruptcy would be 'cataclysmic'.

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Scania Temporarily Halts Truck Production

December 3, 2008 4:15 am | Comments

Swedish truckmaker on Wednesday said it will suspend its truck production in Europe for one month because of a drop in orders.

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GM's U.S. Sales Plummet 41 Percent

December 2, 2008 12:29 pm | by Bree Fowler, AP Auto Writer | Comments

Ford’s November sales dropped 31 percent, Toyota's tumbled 34 percent and Honda's fell 32 percent, dashing hopes that the industrywide drop in vehicle demand might be easing.

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General Motors: Need $12 Billion By March

December 2, 2008 11:10 am | by Ken Thomas, Associated Press Writer | Comments

GM says it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating, as it plans to slash workers, brands and plants by 2012.

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GM, Ford CEOs To Drive Hybrid Cars To D.C. Hearings

December 2, 2008 10:10 am | by Tom Krisher, AP Auto Writer | Comments

Eager to avoid another scathing lecture from Congress, CEOs of America's two biggest automakers will travel to Washington hearings this week in hybrid vehicles made by their companies.

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W.R. Grace Settles Asbestos Case

December 2, 2008 9:59 am | by Ernest Scheyder, AP Energy Writer | Comments

Specialty chemicals maker to pay up to $140 million to settle a class-action lawsuit stemming from its use of an attic-insulating product that contained asbestos.

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