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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 -
White House to launch R&D competition for AI in chip manufacturing
The up to $100 million in funding will target university-led collaborations to drive more sustainable semiconductor production.
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PepsiCo to shutter Chicago bottling plant, lay off more than 100 workers
The union representing the employees sharply criticized the closure, noting that the beverage giant failed to provide the required 60-day notice.
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Boeing strike ends as union approves new contract
The strike lasted nearly two months, costing Boeing and its suppliers $9.7 billion.