One of the biggest stories on Manufacturing.net was one that took quite a while to bake, as it were, completely through: the bankruptcy, and subsequent sale, of Hostess Brands, Inc., maker of the Twinkie and Wonder Bread. The initial news actually came out more than a year ago, when Hostess announced it was going out of business, laying off 18,500 employees and putting its brands up for sale.
European air and defense company EADS is cutting 5,800 jobs over the next two years as part of a major overhaul and cost-cutting plan.The company said Monday in a statement that the jobs would be eliminated from its corporate and space and defense divisions by the end of 2016.
In the second part of Automotive Insights, sponsored by Omni-ID, we’re talking how re-shoring and the Southeast’s rise is changing American automaking. Over the last few years, the automotive industry has seen more foreign manufacturers, like Toyota, Honda, and Volkswagen, establishing manufacturing operations here in the U.S. What has been game-changing for many is their decision of where in the U.S. to manufacture.
Unions and environmentalists have found one point of agreement in the bitter debate over the natural gas drilling boom: fixing leaky old pipelines that threaten public health and the environment. It's a huge national effort that could cost $82 billion.
Machinist union members who work at jet-engine maker Pratt & Whitney narrowly approved a new three-year contract Sunday, signing off on a deal that includes 2.5 percent pay raises each year and a $2,000 ratification bonus.
A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy. The Labor Department says employers added 203,000 jobs, nearly matching October's revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October.
The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers. The Labor Department said the less volatile four-week moving average declined 10,750 to 322,250.
A survey of chief executives at the largest U.S. companies shows a growing number are optimistic about the economy's prospects for the next six months and expect to boost hiring. The Business Roundtable says its index measuring CEO outlook rose to 84.5 in the October-December quarter. That's up from 79.1 in the July-September quarter.
A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction.Payroll processor ADP said Wednesday that companies and small businesses added 215,000 jobs in November.
These conflict minerals — cassiterite, wolframite, coltan and gold — are mined in the DRC by various rebel groups and those who, generally speaking, do not bind themselves to any threshold of human rights. Because minerals mined in these countries go through a complex network of middlemen in the region and in East Asian processing plant, the exact source of a particular batch of gold can be difficult, if not impossible, to find.
After years in which the ease of instant communication via e-mail and smartphones allowed bosses to place greater and greater demands on white-collar workers, some companies are beginning to set limits, recognizing that successful employees must be able to escape from work.
Potash Corp. is cutting more than 1,000 jobs, about 18 percent of its workforce, because of slumping demand for potash and phosphate, two key fertilizer ingredients. The Saskatchewan-based company said Tuesday it will cut 440 jobs in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina, and 40 in other U.S. regions and Trinidad.
A long-anticipated $200 million ethanol plant that will turn grasses grown on North Carolina hog farms into motor fuel will go ahead, Gov. Pat McCrory's office said Monday.The plant operated by Biochemtex, a partnership headed by Italy-based Gruppo Mossi & Ghisolfi, plans to employ 65 people in three years near Clinton in Sampson County.
Forest Laboratories says it plans to cut about 500 jobs as part of a plan to trim $500 million in costs over the next two years. The moves come less than three months after former Bausch & Lomb leader Brenton Saunders replaced longtime CEO Howard Solomon at the helm of Forest Laboratories Inc.
Dr. David Michaels said, "[Craig] Sanborn recklessly ignored basic safety measures that would have protected their lives. His criminal conviction and sentence won't bring these men back to life, but it will keep him from putting workers' lives in peril."
Angry workers set fire to one of Bangladesh's largest garment factories, destroying the nine-story building, because of rumors that a fellow worker had been killed in a clash with police, a company official said Friday. No casualties were reported because the factory was closed at the time.
The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. The Labor Department says the less volatile four-week average fell 7,500 to 331,750. Both the weekly jobless claims and the average have returned to pre-recession levels.
A Chinese furniture maker is establishing its first U.S. subsidiary in Virginia's Smyth County. Gov. Bob McDonnell announced the $2.1 million project Friday. He says the New Ridge subsidiary of Liaoyang Ningfeng Woodenware Co. is expected to create 125 jobs.
In the lawsuit, Philip Berger claimed he developed inflammation of the lung after breathing contaminants from a chemical used to cool cutting tools at Copeland Scroll Compressors, a firm owned by Ferguson-based Emerson Climate Technologies.
Berry Plastics Corp. plans to close five of its manufacturing plants next year in response to weak demand for the company's plastic containers and packaging. The Evansville-based company announced the closures Friday during a quarterly earnings call with investors. The plants will close by Sept. 30, 2014, and cost about 200 workers their jobs.
State officials say a locomotive manufacturer is establishing an assembly and fabrication plant in Knoxville, adding 203 jobs over the next three years.Officials say Knoxville Locomotive Works will establish the plant in Knoxville to satisfy new Environmental Protection Agency emission requirements for trains.
Unemployment fell in 28 U.S. states last month, and employers added jobs in 34 states. The gains suggest recent improvements in the job market have occurred in most regions of the country. The Labor Department said Friday that unemployment rates rose in 11 states and were flat in 11. Employers cut jobs in 15 states.
Job postings rose 69,000 to a seasonally adjusted 3.9 million, the Labor Department said Friday. That's the most since March 2008, just a few months after the Great Recession began. It's also close to the roughly 4 million job openings each month that are consistent with healthier job markets.
Ford Motor Co. says it will spend $150 million to upgrade its Buffalo-are plant and add 350 jobs, which would push employment to just under 1,000. The automaker has a stamping plant in the suburb of Hamburg, where pieces of metal called blanks are stamped into hoods, floor panels and other car parts.
General Electric Co. says it will close a northern New York electrical capacitor plant that employs about 200 workers.The Fairfield, Conn.-based company announced Thursday that it will follow through on plans announced in September to close its Fort Edward plant and move operations to an existing manufacturing site in Clearwater, Fla.