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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Rescue Deal In The Works For Waterford Wedgwood

January 8, 2009 8:01 am | by Jane Wardell, AP Business Writer | Comments

Collapsed maker of classic china and crystal said it had reached a tentative agreement with U.S. private equity firm KPS Capital Partners over the sale of many of the company's assets.


Retailers Post Weak Results For December

January 8, 2009 8:00 am | by Anne D'Innocenzio, AP Retail Writer | Comments

Merchants confirmed fears that the holiday season was the weakest in four decades, with even Wal-Mart Stores Inc. finally buckling under the deteriorating economy.


Weekly Initial Jobless Claims Drop

January 8, 2009 7:20 am | by Christopher S. Rugaber, AP Economics Writer | Comments

Initial applications for unemployment insurance dropped by 24,000 though the number of people continuing to claim jobless benefits jumped unexpectedly by 101,000 to 4.61 million.


Toyota Wants Japan Workers To Take Pay Cut

January 8, 2009 7:20 am | by Yuri Kageyama, AP Business Writer | Comments

Automaker said Thursday it is negotiating with its workers in Japan to slash salaries as it stops production to adjust to slumping global demand.


GlaxoSmithKline Opening East Coast Vaccine Plant

January 8, 2009 7:00 am | by Linda A. Johnson, AP Business Writer | Comments

World's No. 2 drugmaker is moving to expand its vaccine business in the key U.S. market by opening an East Coast vaccine factory, with production targeted to begin in April.


Cytec To Cut 600 Jobs Amid Restructuring

January 8, 2009 5:55 am | Comments

Layoffs, mostly in its specialty chemicals product lines, will eliminate about 10 percent of Cytec's headcount; the cost-cutting move is expected to save $85 million a year by the end of 2009.


Nissan Cutting British Workforce

January 8, 2009 5:52 am | Comments

Japanese automaker said Thursday it will slash its British workforce by 1,200 as it lowers production in anticipation of a grim economic year.


Kuwait Certain It Won’t Pay Dow Chemical Penalty

January 8, 2009 5:40 am | Comments

Government of this small oil-rich state is confident it will not have to pay a $2.5 billion penalty for withdrawing from a $17.4 billion joint-venture with U.S. giant Dow Chemical Co.


Judge OKs LyondellBasell Loans

January 8, 2009 5:27 am | Comments

New York judge gave LyondellBasell Industries approval to borrow over $2 billion after a subsidiary filed for Chapter 11 bankruptcy protection earlier this week.


Economists: Canada’s Economy Looks Grim For 2009

January 8, 2009 5:10 am | by Rob Gillies, Associated Press Writer | Comments

Challenges faced by the United States will start to be felt more keenly in Canada during the first three months of this year; about 80 percent of Canada’s trade is with the U.S.


China's Lenovo To Cut 2,500 Jobs

January 8, 2009 4:48 am | Comments

Computer maker said it will lay off about 11 percent of its work force, as part of a plan aimed at helping it remain competitive amid the global economic downturn.


Survey: Auto Executives Pessimistic About Future

January 8, 2009 4:45 am | Comments

Auto executives across the globe are increasingly pessimistic about their industry, and only a small number expect their companies' profits to rise in the next five years.


TDK Cutting 8,000 Jobs

January 8, 2009 4:44 am | Comments

Japanese electronics component maker said Thursday it would cut 8,000 workers and post its biggest net loss ever this fiscal year, due to falling orders and a stronger yen.


Dell Slashing Jobs In Ireland

January 8, 2009 4:41 am | by Shawn Pogatchnik, Associated Press Writer | Comments

U.S. computer maker said it will slash 1,900 workers from its Irish work force and shift its European manufacturing operations to Poland.


Reports: Mitsubishi Cutting 2,000 Jobs

January 8, 2009 4:40 am | Comments

Mitsubishi Motors will slash more than 2,000 temporary jobs in Japan by the end of March as the country's fourth largest automaker struggles with a severe slump in sales worldwide.


Audi Sells Over 1 Million Cars In 2008

January 8, 2009 4:37 am | Comments

German automaker reached a record as vehicle sales rose 4.3 percent from the previous year despite the global financial crisis and a tough U.S. market.


Detroit Auto Show Features Electric Car Track

January 8, 2009 4:35 am | Comments

Organizers of Detroit's annual auto show have carved out space in the convention center basement for a 700-foot-long oval driving track to showcase zero emissions vehicles.


GM Optimizes Chinese Growth To Reinvent Buick

January 8, 2009 4:30 am | by Kimberly S. Johnson, AP Auto Writer | Comments

Due to Buick’s popularity in China, General Motors’ design team there is trying to reinvigorate the brand with its 2010 LaCrosse luxury sedan.


Is Chrysler Running On Empty?

January 8, 2009 4:20 am | by Tom Krisher and Ken Thomas, Associated Press Writers | Comments

Analysts say Chrysler probably won't survive the year as an independent company -- despite $4 billion in government loans and the possibility of more.


German Exports Tumble In November

January 8, 2009 4:19 am | by Geir Moulson, Associated Press Writer | Comments

Europe's biggest economy saw its sharpest monthly drop in exports in November since the country's reunification in 1990, official estimates showed Thursday.



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