International Business Machines Corp. (NYSE:IBM) was once (and perhaps still is) the dream employer of the 1980s. An IBM employee is elevated to a lifetime white-collar status in exchange for unwavering loyalty. But “Big Blue” hasn’t kept up with its stiff global competition. IBM layoffs are now a result of a shrinking core business and a (more…)
President Donald Trump’s “America First” platform could actually end up costing the U.S. jobs. Before the end of December, Trump is expected to decide whether or not to put punishing 35% solar panel tariffs on cheap imports of solar cells and panels, most of which enter the U.S. via trade with China.
Carrier Corporation will be laying off 215 employees at its facility located in Indianapolis. The facility will continue to keep its doors open, with a total employee headcount of roughly 1,100. This round of job cuts will impact employees working on the fan coil manufacturing production lines. The jobs will be relocated to a facility (more…)
About 6.8 million workers in the U.S. were employed by foreign companies in 2015, representing a jump of 22% when compared to 2007, according to a Pew Research analysis of the U.S. Bureau of Economic Analysis. The increase dwarfs overall U.S. private employment growth over that same time, which amounted to 3.6%. The increasing presence (more…)
The much-maligned “Amazon effect” is not only impacting sales of retailers, but also employees as the company is increasingly promoting growth through the addition of robots, while brick-and-mortar stores cut down on employees. A new analysis by Quartz shows that while the Amazon effect is promoting growth in one of the largest companies in the (more…)
Company Layoffs to Begin in 2018 Dart Container Corp. announced that it will be permanently shutting its Augusta, Georgia plant and laying off 160 employees. The 70-year old plant will close by early 2019 because of lower demand for its paper cups. The factory, which looks like a giant paper cup, will move production of (more…)
Eaton Corp Layoffs 52 Employees The entire light factory owned by Eaton Corporation PLC (NYSE:ETN) in Houston, Texas will be shutting down. The resulting Eaton Corp layoffs will impact 52 employees. The facilities focused on manufacturing LED lights used in the oil and petrochemical sector. The warehouse was also in the business of producing explosion-resistant lights. (more…)
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.