Advertisement
Economic News
Subscribe to Economic News
View Sample

FREE Email Newsletter

Daily news and top headlines for manufacturing professionals

Adam Aircraft Announces Layoffs

February 12, 2008 5:26 am | News | Comments

Airplane manufacturer is laying off 500 of its employees after failing to obtain funding from a lender.

UAW, Magna Deal Saves Jobs At New York Plant

February 12, 2008 5:23 am | News | Comments

Tentative contract between Magna International and the United Auto Workers will save approximately 2,700 jobs at the New Process Gear plant in suburban Syracuse.

Steel Workers Stage Walkouts In Germany

February 12, 2008 5:15 am | News | Comments

About 1,900 steel workers in eastern Germany walked off their jobs as part of industry-wide warning strikes aimed at winning pay hikes.

Advertisement

Scottish & Newcastle To Close English Brewery

February 12, 2008 5:00 am | News | Comments

Maker of beer brands Foster’s and Kronenbourg 1664 has sold a brewery in southern England, potentially cutting 360 jobs.

Canada To Extend Aid To Struggling Manufacturers

February 12, 2008 4:50 am | by Julian Beltrame, Canadian Press | News | Comments

Finance Minister announces cautious budget for economic downturn and will extend capital writeoff program for embattled manufacturers, including the forest industry.

'Improper Payments' End Bridgestone Marine Hose Unit

February 12, 2008 4:34 am | by Carl Freire, Associated Press Writer | News | Comments

Japanese tire maker will withdraw from the marine hose business after an internal investigation discovered its hose division made improper payments to foreign agents to secure sales.

Indian Automaker To Build Pickup Trucks In The U.S.

February 12, 2008 4:30 am | News | Comments

Mahindra & Mahindra Ltd. plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010

Study: Michigan Lacks High-Wage Jobs

February 12, 2008 4:25 am | News | Comments

Michigan and three of its largest cities are lagging behind other states and cities in creating high-wage jobs that require a college degree, according to a study by Michigan Future Inc.

Advertisement

Daewoo Shipbuilding Gets Oman Tanker Order

February 12, 2008 4:21 am | News | Comments

South Korea's Daewoo Shipbuilding & Marine Engineering Co. received a $770 million order from Oman to build five oil tankers.

Economist Expects Stall In U.S. Auto Sales

February 11, 2008 9:00 am | by Tom Krisher, AP Auto Writer | News | Comments

NADA economist Paul Taylor predicts 2008 U.S. car and light truck sales will total about 15.7 million, a drop of 2.5 percent from 2007, the worst year in a decade.

Manufacturing Technology Consumption Up 8 Percent In 2007

February 11, 2008 8:45 am | by Edited by Manufacturing.net Staff | News | Comments

Strong December results pushed 2007 levels 8 percent higher than 2006.

Germany Sees Record Trade Surplus In '07

February 11, 2008 7:58 am | News | Comments

Manufacturing powerhouse Germany posted a record trade surplus of $288.5 billion in 2007, as exports rose even faster than imports.

Mexico's Auto Exports Jump 33 Percent

February 11, 2008 7:54 am | News | Comments

Mexican Auto Industry Association said exports jumped 33 percent in January, while production rose by nearly 26 percent compared with the same time period in 2007.

Advertisement

Report: Nortel, Motorola In Wireless Network Talks

February 11, 2008 5:41 am | News | Comments

Purported discussions of a joint venture in wireless network infrastructure a response to slowing growth in the telecommunications equipment industry.

Ford Offers $140K Buyout To ACH Workers

February 11, 2008 5:40 am | by David Runk, Associated Press Writer | News | Comments

Ford’s Monroe, Mich.-based Automatic Components Holdings plant offers workers $140,000 if they leave the automaker to take jobs with the new owner of the business.

Natus Medical Plans To Restructure

February 11, 2008 5:20 am | News | Comments

Medical device maker said it will consolidate some operations and cut staff in restructuring plan to reduce costs.

AbitibiBowater To Sell Arizona Newsprint Mill

February 11, 2008 4:55 am | News | Comments

Paper and wood manufacturer agrees to sell its Snowflake, Ariz. mill to Catalyst Paper for $161 million as part of government buyout terms.

Poll: U.S. Is In The Grips Of A Recession

February 11, 2008 4:54 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Sixty-one percent of the public believes the economy is now suffering through its first recession since 2001, according to an Associated Press-Ipsos poll.

Mars, Nestle Suspected Of Price-Fixing

February 11, 2008 4:48 am | News | Comments

German Federal Cartel Office raided the offices of seven candy and chocolate makers amid allegations of a conspiracy to fix prices.

Hundreds May Relocate For GM Jobs

February 11, 2008 4:45 am | News | Comments

About 400 people who worked at Indiana plant before it closed last year are eligible for positions at other GM factories, such as a Kansas assembly plant that has 300 openings.

Maker Of Latex-Free Surgical Gloves Goes Under

February 11, 2008 4:41 am | News | Comments

ECI Medical Technologies had 50 employees last fall with a payroll of more than $1.4 million, but only had eight employees when it closed its doors last Thursday.

Georgia Frozen Food Plant To Close

February 11, 2008 4:25 am | News | Comments

Cincinnati-based Pierre Foods Incorporated is shuttering its Cedartown, Georgia, frozen food plant; 153 employees affected.

Manufactured Home Plant Destroyed By Fire

February 11, 2008 4:18 am | News | Comments

No workers were present when the fire began early Friday at the Champion Enterprises factory; facility is a total loss.

Dealer Says Chrysler To Cut Models, Dealerships

February 8, 2008 7:01 am | by Jeff Karoub, AP Business Writer | News | Comments

Automaker plans to significantly reduce its product lineup and number of dealerships as it rolls out a new corporate initiative, a Chrysler dealer in Texas said Friday.

Analysts Predict Downturn In Luxury Vehicle Sales

February 8, 2008 5:40 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Despite introducing new vehicles, some automakers and analysts predict luxury sales will fall this year as the U.S. economic woes put a pinch on high-end buyers.

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading