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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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