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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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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'.


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.


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.


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.


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.


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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