Names of Manufacturing Companies
Some of the biggest names in U.S. manufacturing are cutting back staff and shuttering plants in Europe, as the continent is buffeted by a grinding recession and a seemingly never-ending financial crisis. Releasing quarterly earnings ... But in light of the eurozone crisis, businesses are singling out that region especially for cuts, aiming to boost savings and lower exposure to markets suffering from overcapacity and falling prices. Ford Motor Co., Dow Chemical Co. and ...
Names of Manufacturing Companies
While data suggests that the economic conditions in the United States and China are slowly improving, one analyst called the growth prospects in Europe "deplorable."
In light of the eurozone crisis, U.S. manufacturers are singling out that region for cuts, aiming to boost savings and lower exposure to markets suffering from overcapacity and falling prices.
Releasing quarterly earnings reports over the past two weeks, U.S. industrial giants say they are feeling the squeeze everywhere, citing the slowdown in China and uncertainty at home in the United States.
But in light of the eurozone crisis, businesses are singling out that region especially for cuts, aiming to boost savings and lower exposure to markets suffering from overcapacity and falling prices.
Ford Motor Co., Dow Chemical Co. and Kimberly-Clark Corp. all announced cutbacks specifically in Europe this week, while DuPont & Co. (IW 500/36), Colgate-Palmolive Co. (IW 500/67) and computer-chip maker Advanced Micro Devices Inc. (IW 500/157) said they will be scaling back workforces or capacity without saying exactly where.
Coca-Cola Co. (IW 500/29) two weeks ago said it is moving the offices of its huge bottler, Coca-Cola Hellenic Bottling, out of crisis-mired Greece, sparking fears of coming layoffs there.
"Undoubtedly, businesses are concerned about world growth, not necessarily U.S. growth, but Europe and Asia as well," said economist Joel Naroff.
"They don't foresee growth in Asia and Europe in the short term," said Gregori Volokhine of Meeschaert New York. "The only market where there is still a little bit of growth is the United States."
Even in the United States, Volokhine added, businesses are on edge: They do not know how taxation and spending policies might change after the Nov. 6 presidential election.
Facing a $1.5 billion loss in Europe this year, Ford Motor Co. (IW 500/6) announced that it will close three plants -- two in Britain and one in Belgium -- and cut 6,200 jobs.
Dow Chemical Co. (IW 500/22) announced Tuesday that it will let 2,400 workers go as it shut 20 facilities worldwide, including at least four plants in Europe.
"The reality is we are operating in a slow-growth environment in the near term and, while these actions are difficult, they demonstrate our resolve to tightly manage operations -- particularly in Europe," said CEO Andrew Liveris.
On Wednesday, Kimberly-Clark Corp. (IW 500/59), which makes Kleenex tissues and other popular personal-care brands, said it will be paring 1,300 to 1,500 jobs in Europe, citing a sharp decline in sales in the region.
Attend Technology Days, a free event to foster innovation. See mature NASA technologies ready for commercialization, network with new supply chain partners & create new business opportunities. Learn more.
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A strategic plan is only as good as the thinking that goes into it. Strategic thinking happens in a number of different ways, formal and informal but fundamentally affects your ability to execute on your long term process improvement objectives. Therefore, when the plan is lacking, we need to step back and consider the thinking. Even thinking is a process. IW Best Plants Conference 2012 Special Event at Lucas Oil Stadium:
After a long day of learning at the conference, attendees took over the field -- having their pictures taken with the Lombardi trophy, touring the Colts locker room, kicking field goals, throwing passes, and enjoying a live band.
AAF offers world-leading HEPA filtration solutions, repairs, maintenance, spare parts and equipment replacement. In fact, nobody brings more experience to gas turbine filtration than AAF. Learn more!
Today's manufacturing requires greater efficiency and productivity while improving worker safety on the job. Download this free white paper with easy solutions to get it all.
In light of the eurozone crisis, U.S. manufacturers are singling out that region for cuts, aiming to boost savings and lower exposure to markets suffering from overcapacity and falling prices.
Releasing quarterly earnings reports over the past two weeks, U.S. industrial giants say they are feeling the squeeze everywhere, citing the slowdown in China and uncertainty at home in the United States.
But in light of the eurozone crisis, businesses are singling out that region especially for cuts, aiming to boost savings and lower exposure to markets suffering from overcapacity and falling prices.
Ford Motor Co., Dow Chemical Co. and Kimberly-Clark Corp. all announced cutbacks specifically in Europe this week, while DuPont & Co. (IW 500/36), Colgate-Palmolive Co. (IW 500/67) and computer-chip maker Advanced Micro Devices Inc. (IW 500/157) said they will be scaling back workforces or capacity without saying exactly where.
Coca-Cola Co. (IW 500/29) two weeks ago said it is moving the offices of its huge bottler, Coca-Cola Hellenic Bottling, out of crisis-mired Greece, sparking fears of coming layoffs there.
"Undoubtedly, businesses are concerned about world growth, not necessarily U.S. growth, but Europe and Asia as well," said economist Joel Naroff.
"They don't foresee growth in Asia and Europe in the short term," said Gregori Volokhine of Meeschaert New York. "The only market where there is still a little bit of growth is the United States."
Even in the United States, Volokhine added, businesses are on edge: They do not know how taxation and spending policies might change after the Nov. 6 presidential election.
Facing a $1.5 billion loss in Europe this year, Ford Motor Co. (IW 500/6) announced that it will close three plants -- two in Britain and one in Belgium -- and cut 6,200 jobs.
Dow Chemical Co. (IW 500/22) announced Tuesday that it will let 2,400 workers go as it shut 20 facilities worldwide, including at least four plants in Europe.
"The reality is we are operating in a slow-growth environment in the near term and, while these actions are difficult, they demonstrate our resolve to tightly manage operations -- particularly in Europe," said CEO Andrew Liveris.
On Wednesday, Kimberly-Clark Corp. (IW 500/59), which makes Kleenex tissues and other popular personal-care brands, said it will be paring 1,300 to 1,500 jobs in Europe, citing a sharp decline in sales in the region.
Attend Technology Days, a free event to foster innovation. See mature NASA technologies ready for commercialization, network with new supply chain partners & create new business opportunities. Learn more.
China's Yuan Hits Fresh Record High ITT Exelis Opens New Mine Defense Facility in Florida US Manufacturers Warn over Fiscal Cliff U.S. Economy Picks Up Steam in Q3; Growth Hits 2.0% Ford, Dow Chemical Join Growing List of U.S.
Global Workforce Management: Trends and Strategies for U.S. Manufacturers Data and Decision-Making: Connecting the Big Disconnect UPS 2012 Change in the (Supply)
Project costing in ERP is difficult in project industries like oil and gas, utilities and mining. IFS North America Business Software Consultant Carrie Ghai discusses why this is the case and offers tips for selecting software equal to the task. Can the ERP you are considering truly capture all project costs, and handle actual costing as well as offer visibility into committed cost?
A strategic plan is only as good as the thinking that goes into it. Strategic thinking happens in a number of different ways, formal and informal but fundamentally affects your ability to execute on your long term process improvement objectives. Therefore, when the plan is lacking, we need to step back and consider the thinking. Even thinking is a process. IW Best Plants Conference 2012 Special Event at Lucas Oil Stadium:
After a long day of learning at the conference, attendees took over the field -- having their pictures taken with the Lombardi trophy, touring the Colts locker room, kicking field goals, throwing passes, and enjoying a live band.
AAF offers world-leading HEPA filtration solutions, repairs, maintenance, spare parts and equipment replacement. In fact, nobody brings more experience to gas turbine filtration than AAF. Learn more!
Today's manufacturing requires greater efficiency and productivity while improving worker safety on the job. Download this free white paper with easy solutions to get it all.
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