The Latest
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Sumitomo Rubber to lay off 1,380 workers, close New York tire plant
The Japan-based company ceased production at the Tonawanda plant on Nov. 7 and plans to import tires from other global facilities.
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Potential Trump policies pose risks for US storage sector, analysts say
Higher battery material tariffs and phased-down Inflation Reduction Act tax credits threaten a 15% drop in U.S. storage deployment, experts said.
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JM Smucker opens Uncrustables facility in Alabama
The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
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$35K overtime salary threshold back in effect
A federal judge ruled that the Department of Labor’s 2024 rule exceeded the agency’s authority and is unlawful.
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Yeti, e.l.f. Beauty and others prep supply chains for Trump tariffs
Some businesses are planning more production outside of China or mulling price increases. Others are maintaining the status quo.
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White House finalizes TSMC’s $6.6B CHIPS award
The Biden administration is pushing to roll out funding before President-elect Donald Trump takes office in January.
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Spirit AeroSystems endures $477M loss in Q3, raises red flag
Losses have soared to $1.5 billion this year as the company weathers Boeing’s commercial airplane facilities’ strike.
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Campbell Soup sells Noosa to fresh foods manufacturer Lakeview Farms
The CPG giant will also divest Noosa’s manufacturing facility in Bellvue, Colorado.
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Pallidus ditches South Carolina manufacturing plant plans
The chip component maker formerly announced it planned to invest $443 million to build a facility in Rock Hill, South Carolina.
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Satellite startup Akash Systems to receive $18.2M in CHIPS funding
The satellite component maker will use the funds to support its move into chip cooling technology production.
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Freyr Battery enters solar manufacturing space
The company will pay $340 million for a Trina Solar facility and begin construction on another 5 GW solar manufacturing facility next year.
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AstraZeneca invests $3.5B in US manufacturing, R&D
The UK-based pharmaceutical company will create over 1,000 jobs by the end of 2026.
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Trump taps former Rep. Lee Zeldin to lead EPA
The Trump administration will likely roll back EPA regulations affecting fossil-fuel power plants, including a carbon emissions rule, according to Michelle Bloodworth, president and CEO of America’s Power.
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Trump’s tariffs: How manufacturers can prepare
Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.
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Chefs, food manufacturers embrace Gen Z-driven ‘chaos cuisine’
The age cohort currently in their teens and early twenties are interested in international flavor profiles, driving producers to create experimental dishes and products.
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4 manufacturing issues to watch under a new Trump administration
President-elect Donald Trump’s agenda could mean raised tariffs, lower taxes and curtailed clean energy subsidies.
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Trump win is ‘setback’ for clean energy efforts, but advocates say progress will continue
The president-elect has pledged to overturn rules limiting power plant emissions and roll back government support for electric vehicles.
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Wolfspeed laying off 20% of workforce
The struggling chipmaker will close multiple facilities and reduce headcount in an effort to save approximately $200 million.
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Corning, Powerex receive CHIPS funding
The glass maker and power module manufacturer will use the money for facilities in New York and Pennsylvania.
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Manufacturing Institute expands military veterans program
Walmart is funding the program to grow its reach across veterans nationwide to translate their skills into job roles.
Updated Nov. 12, 2024 -
Manufacturing injury, illness worker rate sank 10% in 2023: BLS
Respiratory illnesses among industry workers dropped a massive 84%, according to the agency.
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GSK to invest $800M in Pennsylvania drug expansion
The drugmaker’s U.S. plans comes on the heels of a rough quarter, with lower vaccine demand driving down Q3 sales by 15% year over year.
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What Trump’s reelection could mean for the IRA
President-elect Donald Trump has vowed to repeal the Inflation Reduction Act and stop offshore wind development, but environmental groups say his administration could benefit from both.
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4 employment actions to expect under a second Trump presidency
Employers are likely to see immigration raids, agency chair replacements and a regulatory activity slowdown, experts at Littler predicted.
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Industry leaders react to Trump presidential win
Manufacturing trade groups are pledging to work with Donald Trump to strengthen the industry’s economy.
Updated Nov. 6, 2024