Duke Energy is offering voluntary buyouts to most nonunion employees in order to reorganize its corporate staff and save $200 million a year in personnel, travel and real estate costs. No layoffs were planned if the company failed to reach their savings goals according to spokesman Tom Williams. There is no specific number of buyouts [...]
Continue reading...Tuesday, January 19, 2010
The Dupont Company announced on Monday at a press conference that it will expand their Circleville, Ohio operations after receiving $50.7 million in federal tax credits for renewable energy manufacturing efforts and $7 million in cash loans and grants from the state of Ohio. The total cost of the expansion at Circleville will be $175 [...]
Continue reading...Monday, January 18, 2010
The Berry Company will close its facility in Hudson, Ohio and lay off 81 employees in an effort to restructure its business. Patricia Nichols, director of corporate communications for the company claims the state of the economy was a not a factor in making this decision. The Hudson office will close on September 30, 2010. Lay [...]
Continue reading...Thursday, December 10, 2009
Commercial Vehicle Group is shutting a plant in Ohio that manufactures truck cabs, after it losing its contract with Navistar. Navistar has decided to manufacture the cabs at its own plant in Mexico as of April 2010. The Ohio plant has about 120 employees who will be out of a job once the [...]
Continue reading...Thursday, October 29, 2009
California’s Optivus Proton Therapy is building a new medical center south of Dayton. The center will offer tumor therapy using proton beams that attack tumors without damaging the surrounding tissue. The new facility is expected to generate $170 million per year and create 400 new jobs, paying an average of $66,000 per year. Construction [...]
Continue reading...Thursday, October 22, 2009
NCR, which recently relocated its headquarters from Ohio to Georgia, is cutting 2200 jobs from its global operations in a cost cutting measure. No word yet from the company on where the jobs cuts will land. 3rd quarter profits for the company dropped 81%. Revenue also fell by 11.6 percent, driven down in part [...]
Continue reading...Wednesday, October 14, 2009
ArvinMeritor has agreed to lease an idle portion of its Detroit plant to Ohio Modular Manufacturing Company for six years. Ohio Modular Manufacturing will reopen the plant, which supplies products for auto manufacturers. In addition to the 109 workers previously laid off by ArvinMeritor, the company expects to add 100 new jobs. [...]
Continue reading...Tuesday, October 13, 2009
Cincinnati has lost 14% of its manufacturing jobs over the last two years, contributing to Ohio’s overall loss which is among the highest in the nation. Over the last two years, Ohio has lost 6% of its manufacturers. The hardest hit sector has been transportation equipment manufacturing, which includes the auto industry, and [...]
Continue reading...Tuesday, September 29, 2009
USEC Inc, the only company supplying enriched uranium for domestic nuclear power plants, has demobilized operations on its plant in Ohio after the Department of Energy withheld $2 billion in loan guarantees due to concerns about the facilities technical and commercial viability. The plant, which is 80% complete, will be remobilized if the DoE’s [...]
Continue reading...Monday, September 28, 2009
Crown Battery, based in Freemont, Ohio, announced that it would expand its manufacturing capacity of SLI batteries by 30%. The expansion will be done by adding a fifth assembly line, working two ten hour shifts and creating 30 new jobs. High demand for batteries has been driven by electric vehicle production and other [...]
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Tuesday, January 19, 2010
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