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Daily news and top headlines for manufacturing professionals

Lockheed: F-22 Funding Would Save Jobs

February 4, 2009 4:23 am | by Stephen Manning, AP Business Writer | Lockheed Martin, Pratt & Whitney, Boeing, United Technologies Corp. | News | Comments

Defense contractor building the F-22 fighter jet said thousands of jobs would be lost if President Obama decides not to continue funding for the advanced but costly plane.

Layoffs Spike As Recession Deepens

February 3, 2009 11:26 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Retailers, banks, and factories are cutting costs ever deeper this week, inflicting a painful toll on workers with little relief in sight.

King Pharmaceutical Cutting 760 Jobs

February 3, 2009 7:21 am | News | Comments

Pain drug maker, which last month lost patent protection on its best-selling drug, said Tuesday it will slash 22 percent of its jobs to reduce expenses.

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Rockwell Collins Slashes Jobs, Freezes Pay

February 3, 2009 7:20 am | Boeing | News | Comments

Defense contractor and manufacturer of parts for private jets and commercial airlines is cutting 600 jobs and freezing salaries for all executives and managers at 2008 levels.

GM Offering Buyouts To All Hourly Employees

February 3, 2009 7:13 am | by Dan Strumpf, AP Auto Writer | News | Comments

Automaker said the buyouts will mainly target GM's 22,000 retirement-eligible hourly employees, though any union employee can take the offer.

AK Steel Recalls Laid-Off Workers

February 3, 2009 4:10 am | News | Comments

Cincinnati-based AK Steel Holding Corp. is recalling more than 500 hourly workers who had been laid off at its plant in Ashland, Ky.

Outokumpu Continues Job, Production Cuts

February 3, 2009 3:51 am | News | Comments

World's second-largest stainless steel maker said it will continue production cuts, temporarily lay off some 2,000 workers worldwide and cut 250 jobs.

Conference Board: Online Job Postings Plunge

February 2, 2009 8:34 am | by Edited by Manufacturing.net Staff | News | Comments

Group says job demand is down 23 percent in the last two months, and it is becoming increasingly difficult for the growing numbers of unemployed workers find new jobs.

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Lincoln Electric Slashing Jobs, Salaries

February 2, 2009 4:46 am | News | Comments

Welding products manufacturer will eliminate over 10 percent of its global work force, cut executive salaries, and cut hours at a plant in Cleveland as it tries to reduce costs.

Cummins Offers Buy Out To Indiana Workers

February 2, 2009 4:25 am | News | Comments

Engine maker said Monday it offered voluntary retirement packages to about 700 hourly employees in southern Indiana as the company continues to pare down its work force.

Atlas Copco Cutting 3,000 Jobs

February 2, 2009 4:17 am | News | Comments

Swedish air compressor maker, which has already slashed 1,350 jobs because of weaker order intake, said Monday it will cut 3,000 jobs worldwide.

Shipping Industry Struggles With Mariner Shortage

February 2, 2009 4:15 am | by John Flesher, Associated Press Writer | News | Comments

Seafaring life is attracting fewer young adults these days, creating a worsening personnel shortage for those hauling cargo across oceans and the Great Lakes.

China's Work-Related Deaths Drop

February 2, 2009 4:13 am | News | Comments

State Administration of Work Safety reported that the number of deaths dropped to 91,172 for 2008, falling below 100,000 for the first time in more than a decade.

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Labor Bills Pushed Aside After Early Win

January 30, 2009 9:30 am | by Jim Abrams, Associated Press Writer | News | Comments

After passing a bill on wage discrimination, lawmakers are pushing aside other specific labor legislation to focus on bigger bills, such as the $819 billion economic stimulus plan.

Manitowoc Co. Cuts 2,100 Jobs

January 30, 2009 9:26 am | News | Comments

Company says the cuts will be made in France, Portugal, China, India and Pennsylvania and account for about 22 percent of the division's workforce.

CAT Cuts Another 2,100 Jobs

January 30, 2009 8:49 am | by Daniel Lovering, AP Manufacturing Writer | News | Comments

Caterpillar on Friday announced 2,110 new job cuts at three Illinois plants as the heavy equipment maker scales back production to match falling demand.

Dow Chemical Cutting Up To 500 Jobs In Michigan

January 30, 2009 8:32 am | News | Comments

Nation's largest chemical maker will cut between 400 to 500 jobs near its Midland headquarters as part of a previously announced global layoff plan.

Obama Touts Middle-Class Task Force

January 30, 2009 8:27 am | by Philip Elliott, Associated Press Writer | News | Comments

President Barack Obama signed a series of executive orders Friday that he said should 'level the playing field' for labor unions in their struggles with management.

Custom Boat Maker Rehires Workers After Layoff

January 30, 2009 5:00 am | News | Comments

Goetz Custom Sailboats in Bristol, R.I., has rehired nearly all its employees after a customer resumed payments on an order for an $8 million dollar racing yacht.

Japan's NEC To Cut 20,000 Jobs

January 30, 2009 4:27 am | by Mari Yamaguchi, Associated Press Writer | News | Comments

Electronics giant said it will cut 20,000 workers worldwide to stanch mounting losses, joining a slew of other Japanese corporate heavyweights who are slashing jobs.

Euro Zone Jobless Rate Jumps

January 30, 2009 4:11 am | News | Comments

Jobless rate climbed to 8 percent in December -- the highest in over two and a half years -- while inflation dropped to 1.1 percent, the EU's statistical agency said.

Cessna Aircraft Cutting Another 2,000 Jobs

January 29, 2009 9:23 am | News | Comments

Company plans to lay off another 2,000 workers as the slumping worldwide economy is forcing more customers to cancel or delay orders for new aircraft.

GM's Russian Union Head Gets Threats

January 29, 2009 8:40 am | News | Comments

Police said Thursday they are looking into a series of threatening phone calls to the trade union leader at General Motors' new plant in Russia.

Kodak Cutting Up To 4,500 Jobs

January 29, 2009 5:20 am | by Ben Dobbin, AP Business Writer | News | Comments

Eastman Kodak Co. is cutting 3,500 to 4,500 jobs as it posted a $137 million fourth-quarter loss on plunging sales of both digital and film-based photography products.

Black & Decker Lays Off 1,200

January 29, 2009 4:45 am | News | Comments

Power tools manufacturer said Thursday that its fourth-quarter profit tumbled 77 percent from a year earlier, resulting in job cuts totaling approximately 1,200 positions.

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