MANILA, Philippines-Intel Corp., one of the biggest foreign operations in the Philippines, has reportedly told employees it will close down its over 20-year-old testing and assembly plant outside Manila. MORE
FREMONT, OH-A manufacturer of lead acid batteries and chargers for automotive, marine and industrial applications is planning to construct a new assembly plant here. MORE
DAYTON, NV-A manufacturer of skis and snowboards will build a new assembly plant here this year, if it can secure financing. The facility could bring as many as 200 jobs to the area. MORE
AUBURN HILLS, MI-Fiat and Chrysler have agreed to establish a “global strategic alliance” as part of Chrysler’s ongoing effort to diversify its product line. MORE
CLEVELAND-President-elect Barack Obama used the backdrop of an Ohio manufacturing plant to build support for his economic stimulus plan. The site for Obama’s pitch, Cardinal Fastener & Specialty Co. in the Cleveland suburb of Bedford Heights, was picked to highlight two aspects of his policy: reviving U.S. manufacturing and creating jobs by investing in alternative energy sources.
“It’s not too late to change course, but only if we take dramatic action as soon as possible,” Obama said at the plant, which produces parts for wind turbines. “We’re looking to create good jobs that pay well and won’t be shipped overseas.” MORE
BEIJING-Thousands of recent university graduates in China are finding it impossible to land a job due to the ongoing economic downtown, and could serve as the spark for future social unrest. MORE
PARIS-Facing collapsing demand, Renault, Peugeot Citroen and their suppliers have dramatically cut production and shed thousands of jobs as they struggle to stay afloat. MORE
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