More Jobs to Be Cut by Pharmaceutical Company Novartis AG (ADR) (NYSE:NVS) filed a notice with the state, indicating that roughly 250 jobs will be cut from its American operations, with the majority of them coming from its New Jersey facilities.
The $110 Million Arms Deal May Not Create Sustainable Jobs Whenever the U.S. engages in arms trade agreements with foreign powers, especially ones that may not share western values, many pundits claim that it is immoral, while others defend the move as an economic and jobs necessity.
City Hit by Butterball, Caterpillar Factory Closures Montgomery, Illinois was hit by not one but two recent factory closing announcements– one from Caterpillar Inc. (NYSE:CAT) and one from BUTTERBALL, LLC–which will impact hundreds of workers in the area.
Parts of the Solar Industry Thrive While Others Falter While some businesses within the solar industry are prospering, others are closing down as the political climate and social attitude towards solar has worsened so far in 2017.
Climate Proponents Face Off Against Economic Skeptics U.S. President Donald Trump maintains that the U.S. may withdraw from the Paris climate agreement that was signed by 195 nations in 2015, believing that it will be detrimental to American jobs.
Despite Federal Promises, Employee Cuts on the Way President Donald Trump held up the Carrier Corporation plant in Indiana as a shining example of his negotiation skills, promising to keep at least 1,100 jobs in the state. But now, numbers show that as many as 632 jobs will be slashed, bringing the total number of factory workers down to roughly 800.
As Jobs Flee the Country, Workers Fight Back Unionized call center workers traveled to the Dominican Republic to meet foreign workers in an attempt to highlight the drawbacks of AT&T Inc.’s (NYSE:T) outsourcing practice.
The Pain Is Far from Over for Retail Giants As the U.S. retail giants continue to grapple with an overabundance of locations and poor sales in recent years, many are shutting their doors and seeking bankruptcy protection.
Federal Workers to See Their Pensions Cut While some federal workers will benefit from the proposed budget plan, many stand to see cuts in their pensions and other services.
Peak Automation Will See Massive Jobs Hit Goldman Sachs is now projecting that automation will take as many as 25,000 jobs per month away from truck drivers, as self-driving vehicles will replace human workers.