BioNitrogen Holdings Corp. announced it is shutting down all corporate activity and that Chairman and Chief Executive Officer Graham Copley has resigned. The move comes two years after the company filed for Chapter 11 bankruptcy protection.
Wisconsin-based packaging manufacturer Bemis Company, Inc. is laying off 300 employees and closing two of its manufacturing plants in efforts to cut costs.
Rowan Companies PLC, (NYSE:RDC) a Houston-based global offshore contract driller, has announced plans to axe additional jobs on its Rowan Reliance drillship, which has been under contract to Cobalt International Energy, Inc. (NYSE:CIE).
South Africa-based AngloGold Ashanti Limited (NYSE:AU) announced a major restructuring process, one that could see it terminate 8,500 jobs, or one-third of its workforce. The third-largest gold miner in the world, AngloGold is looking to close some of its unprofitable operations as it pursues a turnaround in its home country.
One of the biggest manufacturers of pontoons in America, Premier Marine, Inc., has filed for Chapter 11 bankruptcy as it struggles with a heavy debt load.
The Illinois State Lottery has warned of payout delays and has suspended the sales of “Powerball” and “Mega Millions” tickets in the midst of a budget crisis.
Healthcare professionals in the state of Illinois are owed millions of dollars in compensation from the government as the state faces a budget impasse.
A recent study has found that an average of seven million American workers may be at the risk of losing their livelihoods as automation takes over the retail industry.
Open Skies Program Provides Subsidies for Foreign Airliners at the Expense of American Jobs The White House is being called on to investigate and potentially renegotiate the Open Skies agreement, as airliners claim that not doing so will cost thousands of American jobs while non-U.S. carriers are benefiting from U.S. subsidies.
On the campaign trail, then-president-elect Donald Trump focused on the large number of manufacturing jobs that have been lost in the U.S. Between 2000 and 2010, the U.S. lost about 5.6-million manufacturing jobs. Eighty-five percent were a result of technological chances, largely automatic, the remainder largely from international trade.