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.
Budget Shortfall Leads to Job Cuts at Baltimore Public Schools The Baltimore City Public Schools have laid off 115 employees this month, due to a budget shortfall.
Gander Mountain Announces Liquidation After Bankruptcy The largest retailer of outdoor recreational goods in America, Gander Mountain Company, is going to liquidate its assets after failing in the restructuring process post its bankruptcy.
General Motors is Laying Off Hundreds at Michigan Factory The biggest automobile manufacturer in the U.S., General Motors Company, is eliminating one of the two shifts at its transmissions plant in the state of Michigan.
Disney’s ESPN Laid Off 100 Employees to Cut Costs America’s biggest media conglomerate, Walt Disney Co, has laid off 100 workers from its ESPN channel, as the latter continues to drag down profits for Disney.
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.
Automation Puts American Workers at Risk of Massive Layoffs A new report by the Investor Responsibility Research Center Institute (IRRCi) finds that American retailers are increasingly moving towards automating their operations, thus putting millions of Americans at risk of facing layoffs in the coming years.