Sep. 14, 2010 at 3:39 p.m.
Filed under:
Jobs/employment,
Policy,
Transportation
By Reuters
The Illinois Finance Authority approved up to $314 million of tax-exempt revenue bonds on Tuesday for truck maker Navistar International Corp and others.
Navistar won final approval for $145 million of Recovery Zone Facility Revenue Bonds to help fund its new headquarters and research and development facility in Lisle, Illinois, and a warehouse in Joliet, Illinois.
To issue the bonds, Navistar must get allocations of the federal Recovery Zone Facility Bond volume cap from other Illinois counties and cities, according to the authority. Get the full story »
Sep. 14, 2010 at 7:39 a.m.
Filed under:
Economy,
Jobs/employment,
Work culture
From USA Today | Women earned 82.8 percent of the median weekly wage men do in the second quarter of 2010, the smallest pay gap ever recorded by the Bureau of Labor Statistics. The dramatic gains in the last decade — women earned 76.1 percent of men’s wages in the same period a decade ago — has been attributed, in part, to hits men’s wages are taking in the recession. Get the full story >>
Sep. 13, 2010 at 4:47 p.m.
Filed under:
Airlines,
Economy,
Jobs/employment,
M&A
By Julie Johnsson
United and Continental Airlines agreed on Monday to maintain a hub in Cleveland for at least five more years, as Ohio Attorney General Richard Cordray ended his antitrust investigation of the mega-merger.
The announcement clears one of the last remaining roadblocks to the tie-up, which will create the world’s largest carrier. The Justice Department, which had been expected to provide the closest scrutiny of the deal, concluded its antitrust probe last month.
United and Continental shareholders will vote on Friday to formally approve the financial union of the two airlines. The deal is slated to close on Oct. 1, when Continental CEO Jeff Smisek will become chief executive of the new United. Get the full story »
Sep. 10, 2010 at 1:05 p.m.
Filed under:
Economy,
Government,
Jobs/employment,
Policy,
Politics
By Becky Yerak
Americans are more pessimistic about the country and the economy than they were four months ago, and it’s also showing in their approval rating of President Barack Obama, according to a study released Friday by Northbrook-based Allstate Corp. and the National Journal.
The sixth Heartland Monitor Poll also found that a significant “jobs now” sentiment outweighs concerns about the deficit or the size of government. Get the full story »
Sep. 9, 2010 at 11:31 a.m.
Filed under:
Credit Cards,
Jobs/employment
WLS-TV News | A study by RPMG shows that 35 percent of corporate credit cards have individual of joint liability agreements. That means employees could be on the hook if the company goes under and won’t pay the balance.
Sep. 9, 2010 at 7:41 a.m.
Filed under:
Jobs/employment,
Layoffs
By Associated Press
The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren’t resorting to deeper layoffs even as the economy has lost momentum.
Sep. 9, 2010 at 5:32 a.m.
Filed under:
Jobs/employment,
Manufacturing
By Associated Press
Machinery maker Gardner Denver Inc. on Wednesday said it will move its headquarters to the Philadelphia area to make the company easier for international customers to reach. Gardner Denver did not specify where in the region it will be headquartered, or when the move might take place. A representative could not be immediately reached for further details. Get the full story »
Navistar representatives, along with roughly a dozen Illinois officials, announced plans this morning to move the manufacturing company’s headquarters to Lisle, retaining thousands of jobs in DuPage County.
“I’ve got one thing to say. Illinois is Navistar country,” said Gov Pat Quinn. “We believe in Navistar.”
Navistar President Dan Ustian added that the project would create about 500 engineering jobs right away. Get the full story »
Sep. 8, 2010 at 1:07 p.m.
Filed under:
Jobs/employment,
Labor,
Manufacturing
By McClatchy Tribune Newspapers
Harley-Davidson Inc. could eliminate hundreds of jobs at its engine factory in Menomonee Falls, Wis., even if union workers ratify a seven-year labor agreement meant to keep the work in the Milwaukee area.
The company anticipates cutting 200 positions by the end of 2012, according to the proposed contract with United Steelworkers of America Local 2-209. That’s in addition to hundreds of jobs the company has eliminated in the Milwaukee area in the last two years. Get the full story »
Sep. 8, 2010 at 8:11 a.m.
Filed under:
Jobs/employment,
Layoffs
By Becky Yerak
National Manufacturing Co., PNC Bank, Precision Dormer LLC and Northwestern Memorial Hospital are among about a dozen companies that notified the state of Illinois in August that they plan to close plants or institute “mass layoffs,” putting a total of more than 1,100 employees out of work. Get the full story »
By Associated Press
Boeing Co. is slimming down its military aircraft business and cutting workers as the U.S. tightens defense spending and profit margins shrink.
Boeing’s military division makes the well-known Chinook transport helicopters, as well as the C-17 transport and the F/A-18 fighter-bomber.
The job cuts will start with 10 percent of the group’s executives. Boeing didn’t say how many more workers will lose jobs. It will consolidate six divisions of the business into four. Get the full story »
Sep. 7, 2010 at 10:24 a.m.
Filed under:
Jobs/employment,
Labor,
Unions
By Associated Press
Harley-Davidson workers are gathering Tuesday to learn details of a proposed contract which includes concessions the company says will keep jobs in Wisconsin. Get the full story »
By Associated Press
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — or none at all. Get the full story »
Sep. 3, 2010 at 5:05 p.m.
Filed under:
Jobs/employment,
Labor,
Manufacturing,
Unions
By Associated Press
Harley-Davidson Motor Co. and its union leaders reached a proposed labor agreement Friday that could keep manufacturing operations and hundreds of jobs in Wisconsin.
The proposal still needs to be ratified by union workers and approved by the motorcycle company’s board. Workers are expected to vote on the contract Sept. 13. Get the full story »
Sep. 3, 2010 at 4:33 p.m.
Filed under:
Jobs/employment,
Litigation
By Associated Press
A federal judge on Friday approved Eastman Kodak Co.’s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored over them for pay and promotion.
In an almost seven-year legal tussle, U.S. Magistrate Jonathan Feldman signed off on a deal that pays about 3,000 current and past Kodak workers amounts ranging from $1,000 to $50,000. The decision ends a 2004 class-action suit and a similar suit filed by other black workers in 2007. Get the full story »
