Even presidents can find it difficult to keep their promises. The much-ballyhooed promise of saving manufacturing jobs at Carrier Corporation’s Indianapolis plant is going ahead with its final round of layoffs. Carrier announced plans to lay off 215 employees from its Indianapolis factory. Their last day of work is on January 11, 2018.
Haemonetics Corporation (NYSE:HAE) announced plans to eliminate 350 positions from its global workforce. The 11% total workforce reduction is just the latest in the blood management company’s restructuring efforts.
The U.S. has long been struggling to keep manufacturing jobs within its borders, while other countries promise companies cheaper labor and fewer regulations to contend with. One of President Donald Trump’s signature campaign promises was that he and his administration would focus on bringing back strong manufacturing jobs to help bolster the middle class.
Despite promises to do otherwise during the campaign and tough Trump trade talk during the trip, the U.S. Japan trade deficit will likely remain intact in the near future.
Wal-Mart Stores Inc (NYSE:WMT) is an American institution that is nearly unparalleled in its reach. It employs a whopping 1.5 million Americans across the country, which accounts for just about one percent of the entire working population of the U.S. Wal-Mart layoffs 2017, however, have stripped many of those Americans of employment. From retail stores (more…)
Wells Fargo Layoffs Affecting from U.S. Call Centers Wells Fargo & Co (NYSE:WFC) layoffs are leaving hundreds of Americans out of work as the leading American bank moves jobs to the Philippines. In a Senate hearing on the fake accounts scandal last week, Wells Fargo CEO Tim Sloan confessed that the bank has been cutting U.S. (more…)
The General Electric layoffs in 2017 continue to mount, numbering in the hundreds and affecting workers across the U.S. The General Electric Company (NYSE:GE) has found itself stuck in financial woes as earnings reports continue to disappoint and the company struggles to recover from years of downturns. The company, which employs over 100,000 employees in the (more…)
Concentrix Layoffs Hit its Pittsford Facility Business services company Concentrix Corp. has just announced nearly 200 job cuts in the Rochester Area, adding to the recently growing list of New York job cuts. The Worker Adjustment and Retraining Notification (WARN) notice filed with the New York State Department of Labor reveals that 192 employees will (more…)
Centegra Health System announced plans to lay off 131 employees and outsource another 230 jobs after announcing significant financial losses for the year ended June 30, 2017. The Crystal Lake, Illinois-based company said the layoffs will not affect medical staff, but will impact support and administrative workers.
Chinese Company Shows Interest in Buying Fiat Chrysler Jeep Division A Chinese auto manufacturing company wants to buy a car unit owned by American automaker Fiat Chrysler Automobiles NV (NYSE:FCAU). If the unit is sold, American workers stand to lose hundreds of jobs to cheaper labor in China.