Great Lakes Cheese is opening its first plant in the Southeast in Manchester. The Hiram, Ohio-based company said it plans to invest $100 million in the 330,000-square-foot facility and create more than 200 jobs.
In its annual report filed with the U.S. Department of Labor, the union-run trust said its net assets rose $1.58 billion to $10.29 billion between January and December of 2012. That was a bigger increase than those posted by trusts for General Motors Co. and Ford Motor Co. retirees.
The chief executive of Alcatel-Lucent SA is warning that the telecommunications equipment maker could go under if it doesn't slash costs — and jobs. Michel Combes spoke on Europe-1 radio Tuesday ahead of a protest by workers in Paris over 10,000 job cuts planned at the company.
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce.
Haven’t we overcome archaic attitudes towards women in the professional world? We certainly can’t blame the unbalance of gender to any sort of biological reasoning. After all, females are not any less scientific or mathematically capable than males.
In a mix of boomer individualism and economic necessity, older Americans have fueled a wave of entrepreneurship. The result is a slew of enterprises such as Crash Boom Bam, the vintage drum company that 64-year-old Glay began running from a spare bedroom in his apartment in 2009.
Six high-tech companies will invest $1.5 billion in the Mohawk Valley to create more than 1,000 high-tech jobs and help grow a second nanotechnology hub upstate, Gov. Andrew Cuomo said Thursday.The companies will conduct research and development on computer chip packaging, lithography development and commercialization at the SUNY Institute of Technolog.
The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. But the spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some companies to cut jobs.
Teva Pharmaceuticals says it will cut 5,000 employees by the end of next year as part of a restructuring designed to slim the drugmaker's business and make it more efficient. The Israeli company says the cuts amount to a 10 percent global workforce reduction.
A movie funded by donations and crowding-funding investments from nearly 7,000 people has highlighted the battle of a Samsung factory worker's family to win compensation for her death from leukemia in the face of media indifference and corporate obstruction.
East Baton Rouge sheriff's detectives say a 41-year-old Denham Springs man was killed in an industrial accident at Stupp Corp. Plant near Baker. Deputies say Antonio Pollard was pronounced dead on the scene Tuesday. They say Pollard became pinned between two large pipes, as one rolled forward during the course of his work.
A Grand Forks wind power equipment plant that laid off half of its 600 workers a year ago is nearly back to full strength. The Grand Forks Herald reports (http://bit.ly/1e4q0jL) that Denmark-based LM Wind Power expects to have 570 employees at its North Dakota facility by the end of the year.
North Carolina officials said Tuesday that a subsidiary of Montreal-based Gildan Activewear Inc. will expand its existing manufacturing plants in Salisbury and the Bladen County town of Clarkton, and open a new factory in the Davie County town of Mocksville.
Colgate-Palmolive Co. is investing nearly $200 million to establish a new production facility in Greenwood County that will employ 300 workers. South Carolina Gov. Nikki Haley and business leaders Monday praised the company's decision.
Telecommunications equipment maker Alcatel-Lucent SA said Tuesday that it plans to cut 10,000 jobs worldwide over the next two years, the latest cost-cutting drive from the loss-making company.The job cuts are part of a restructuring plan to make the French-American company more competitive.
Closure Systems International Inc. will shutter its Olive Branch, Miss., factory in December, laying off 100 people. Human Resources Director Jeanette Vaughn said Monday the factory will close Dec. 9.The company makes bottle tops at the plant, which has operated since 1985. It had about 150 employees in 2007.
Gun manufacturer Sturm, Ruger & Co. made clear early and publically that North Carolina was its preferred location for a new factory and the hundreds of jobs it would bring. But the company kept alive enough doubt that state officials raised their offer of tax breaks and other sweeteners three times.
From their inception, tech companies went out of their way to be different — and that meant no more business suits. Thus brilliant innovations took place in the dumpiest of outfits as leather sandals, elastic-waist jeans and old T-shirts became ubiquitous.
United Technologies Corp. canceled a planned furlough of 2,000 workers after the Department of Defense recalled most of its civilian employees.The Hartford, Connectocit-based defense contractor planned to furlough 2,000 workers starting Monday.
Lockheed Martin says it will furlough 3,000 employees on Monday due to the government shutdown. The defense company said Friday that the number of employees put on furlough will increase weekly if the shutdown continues.
A Canadian pharmaceutical and biotechnology contract research company plans to spend $31 million expanding its operations in St. Charles in a move that could create 320 jobs, state officials said Thursday.The state is offering about $4.2 million to Pharma Medica Research Inc.'s expansion project through the Missouri Quality Jobs Program.
The Obama administration says it supports House legislation to give back pay to federal workers furloughed during the current partial government shutdown. The White House Office of Management and Budget issued a statement commending Congress for moving quickly on the bill, which has bipartisan support.
Within three years, a Boston Consulting Group analysis concludes that rising Chinese wages, higher U.S. productivity, a weaker dollar, and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America.
A cabinet company will hire more than 300 people over five years at a vacant former auto parts plant, ending a six-year search for a major new employer in Connersville, Mayor Leonard Urban said Thursday. Wayzata Home Products Connersville will occupy the former Visteon plant that closed in 2007.
A Moscow regional court on Friday upheld a lawsuit filed by a prominent cosmonaut against the Russian space training center complaining about wages. Col. Sergei Volkov, who has logged 199 days in space, was contesting a recent government decision to strip retired military men like himself of extra pay for their space experience.