Posted by admin / Under Factory Showroom
Detroit - Factory workers at Chrysler are getting $1,500 profit-sharing checks next month, a sign the automaker’s turnaround is succeeding. About 26,000 union-represented workers in the U.S. should get the payments, according to Chrysler’s contract with the United Auto Workers union. The profit-sharing figure is based on an Associated Press analysis of company earnings, and the labor contract formula for profit-sharing. Chrysler would not say how much the workers will get. But the formula in its new four-year contract with the UAW shows that the checks will be about $1,500. The checks are based on Chrysler’s $2 billion operating profit
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
Solar Company Scraps Factory, Leaves Mich. in DarkGrant applications don't match up with solar company's other information. By Scott McGrew | Monday, Jan 2, 2012 | Updated 2:59 PM PST A San Jose-based company has pulled out of plans to build a multimillion-dollar solar cell factory in Saginaw, Mich. GlobalWatt CEO Sanjeev Chitre blamed the shutdown on the poor economy and competition from overseas; however, many critics are wondering if there really was much of a factory to shut down. Far from a mega-factory promised in early paperwork, GlobalWatt's Saginaw operations actually employed slightly more than a dozen workers. GlobalWatt...
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
Report: Chinese workers at LG factory strike over complaint of pay discriminationBy The Associated Press | The Canadian Press – Wed, 28 Dec, 2011 BEIJING, China - Some 8,000 employees of a factory in China owned by a unit of South Korea's LG Corp. over complaints about pay discrimination, a labour group said Wednesday. Chinese employees of the LG Display factory in Nanjing, west of Shanghai, walked off the job Monday over complaints Korean employees at the factory received annual bonuses equal to one year's salary while those for Chinese workers were equal to one month's pay, the New York-based...
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
Seven people, including foreign nationals, were killed, and more than a dozen wounded in another blast in Iran, this time at a steel plant. It is not known if the factory has any connection with Iran’s nuclear facilities. The explosion occurred Monday evening in the city of Yazd and comes after two previous blasts in the area of nuclear facilities. Yazd is located approximately 175 miles southeast of Isfahan, where an explosion severely damaged a uranium enrichment facility last month. Iranian stage television reported that five people were found dead on the scene at the steel plant and that another...
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
Link only - Federal government pulls plug on failed cellulosic ethanol factory
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
Factory orders edged up 0.3% to $453.5 billion in September...Economists polled by MarketWatch had anticipated a 0.1% fall...
Published on Sunday 5th of February 2012 03:48:52 PM
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Posted by admin / Under Factory Showroom
The Institute for Supply Management said its manufacturing gauge dropped to 50.8% last month – just slightly above a 2011 low - from 51.6% in September. Economists surveyed by MarketWatch had expected the closely followed index to rise to 52.1%. Reading over 50% indicate more manufacturers are expanding instead of shrinking.
Published on Sunday 5th of February 2012 03:48:52 PM
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