Tag:

Manufacturing

Supply Shock Spreads To US: What It Means For You Supply Shock Spreads To US: What It Means For You
Supply Shock Spreads To US: What It Means For You The supply shock caused by the ongoing standoff in the Strait of Hormuz is spreading to the United States, driving up energy prices, increasing shipping costs, and creating shortages in key goods and materials.  The crisis, which began after the US-Israel attack on Iran started at the end of February, has brought shipping through the critical waterway to a near standstill. The Strait of Hormuz, a vital chokepoint for global energy and petrochemical shipments, typically handles 20 percent of the world’s oil supply. Its effective closure has triggered what analysts are calling one of the…
Colchester Teacher Wins $25K Milken Educator Award For Transforming Bacon Academy Colchester Teacher Wins $25K Milken Educator Award For Transforming Bacon Academy
Colchester Teacher Wins $25K Milken Educator Award For Transforming Bacon Academy David Mason thought he was attending a routine assembly at Bacon Academy in Colchester earlier this month. Instead, the technology education teacher walked into a celebration of his own. Mason was honored with the prestigious Milken Educator Award and a $25,000 cash prize for his innovative teaching and leadership. The surprise came during what he believed was a visit from Connecticut Commissioner of Education Charlene M. Russell-Tucker about college and career readiness. “Today we celebrate David Mason for reshaping what’s possible for high school students at Bacon Academy,” said Dr. Jane …
Job Growth Stalls In August As Trump Tariffs Strain Labor Market Job Growth Stalls In August As Trump Tariffs Strain Labor Market
Job Growth Stalls In August As Trump Tariffs Strain Labor Market The US labor market slowed sharply in August, as President Donald Trump's tariffs, inflation, and lower consumer confidence grip the nation's economy. There were 22,000 jobs added nationwide in August, the Bureau of Labor Statistics said in a news release on Friday, Sept. 5. The weak numbers mark one of the softest hiring months in recent years, falling well below the Dow Jones estimate of 75,000 new jobs, CNBC reported. Unemployment also ticked up to 4.3%, its highest level since July 2024. A broader metric, which includes discouraged workers and those with part-time jobs fo…
'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey 'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey
'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey The "Buy American" movement has lost popularity as President Donald Trump's sweeping tariffs raise prices on many goods while claiming to boost domestic manufacturing, according to a new survey. Half of Americans said in June that they'd be more likely to buy a product they liked after learning it was made in the US, according to the report from The Conference Board. That's down from 60% in May 2022. The appeal of "Made in USA" labels has also fallen 18% since 2022, with shoppers' fears about rising costs as the main factor in the decline. "Given US consumers' persisten…
Global Pharma Giant Picks Spot Near Stewart Airport For $46M Flagship US Plant Global Pharma Giant Picks Spot Near Stewart Airport For $46M Flagship US Plant
Global Pharma Giant Picks Spot Near Stewart Airport For $46M Flagship US Plant A global pharmaceutical company is bringing a major new disinfectant manufacturing facility to Orange County in a $46.1 million investment.  Garonit Pharmaceutical Inc., which specializes in antiseptic products and health care solutions, will build a 200,000-square-foot plant in the Town of New Windsor that will be the world’s largest producer of chlorhexidine gluconate — a disinfectant and antiseptic widely used in hospitals for surgical disinfection and infection control, Gov. Kathy Hochul announced on Monday, Aug. 4. The facility is expected to create 100 full-time high-skill jobs a…
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says The automaker that builds more cars in the US than any other company says it may actually be hurt more by President Donald Trump's tariffs than foreign manufacturers. Ford said it's at a disadvantage compared to companies based in the European Union, Japan, and South Korea, The Wall Street Journal reported. Trump has set the tariff rate for those nations at 15%, significantly lower than the broad 25% duty on autos and light trucks that began in the spring. The 15% duties are the newest in Trump's rapidly changing tariff policies, with the latest rates going into effect on Friday, Aug. 1. Be…
Rahway-Based Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Rahway-Based Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan
Rahway-Based Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Merck, a pharmaceutical company headquartered in Rahway, announced it will be undergoing layoffs after a disappointing second quarter.  In its earnings report, Merck said it aims to save more than $3 billion in cost savings as part of a "multiyear optimization initiative."  The restructuring program includes eliminating certain administrative, sales and research and development positions. Merck did not say how many people would be laid off, but said they aim to achieve the cost savings by 2027.  To save money, the company plans to reduce office space and optimize its manufac…
Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP
Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP Private employers lost more jobs than they added for the first time in more than two years, as new data shows Americans pulling back on spending under the weight of inflation and President Donald Trump's sweeping tariffs. Businesses lost 33,000 jobs in June, according to the ADP National Employment Report released on Wednesday, July 2. That was the first monthly drop since March 2023 and behind May's downwardly revised figure of 29,000. June's numbers came in far below Wall Street's expectations, with Dow Jones economists forecasting a gain of 100,000 jobs, CNBC reported. "Though…
Retailers Bet On Trump Backing Down From His Tariffs, New Survey Shows Retailers Bet On Trump Backing Down From His Tariffs, New Survey Shows
Retailers Bet On Trump Backing Down From His Tariffs, New Survey Shows Many retail executives are starting to follow Wall Street's "TACO trade" philosophy, according to a new survey. A growing number of retail leaders believe President Donald Trump will retreat on his sweeping tariffs against many countries, according to a survey from consulting firm AlixPartners. The survey released on Sunday, June 1, was first reported by CNBC. Executives from major brands and retailers were asked about how they were planning for the July expiration of Trump's 90-day pause on his so-called "liberation day" tariffs. A majority said they expect the president to settl…
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports. Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported. P&G had about 108,000 employees worldwide as of June…
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law A federal court has blocked President Donald Trump's sweeping tariffs, ruling that he improperly used emergency powers to launch trade wars that badly hurt businesses and rocked global markets. The ruling was handed down by a three-judge panel at the US Court of International Trade on Wednesday, May 28. The judges' decision came amid several lawsuits accusing Trump of abusing his power as President to slap arbitrary tariffs on other countries. The court determined that Trump doesn't have the authority to use the International Emergency Economic Powers Act to impose the sweeping duties …
Man Crushed To Death By Car In Clifton: Here's What We Know Man Crushed To Death By Car In Clifton: Here's What We Know
Man Crushed To Death By Car In Clifton: Here's What We Know A man was fatally crushed by a vehicle in Clifton, authorities confirmed. Police say the incident happened early Wednesday, April 23 at 810 Bloomfield Ave.  The man was found crushed under the vehicle and pronounced dead at the scene at approximately 6:40 a.m., police confirmed. The business comes up as Atlantic Casting and Engineering. Robert Anderson, a lieutenant with Clifton police, said the incident remains under investigation and no further details were available as of press time. Atlantic Casting & Engineering's website describes the business as a "world-class manufacture…
Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy
Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy A large supplier of paper goods sold at nationwide chains has declared bankruptcy. Royal Paper has filed for Chapter 11 bankruptcy to help sell its business to Sofidel America, the company announced in a news release on Tuesday, April 8. Royal offers products at many retailers, including Aldi, Trader Joe's, and Whole Foods. The Phoenix-based company has signed an asset purchase agreement with Sofidel, a global paper manufacturer, which would take over most of Royal's assets through a court-supervised auction process.  "Our team has been working diligently to strengthen …
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey A majority of CEOs across the country are now bracing for a recession within six months as confidence in the US economy tumbles to its lowest level in years due to President Donald Trump's tariffs, according to a new survey. The industry group Chief Executive released the findings from a poll of 329 CEOs and business owners on Monday, Apr. 14. The survey showed growing alarm over Trump's escalating tariffs, which many fear will push the country into a downturn. According to the survey, 62% of CEOs expect a recession over the next six months – the highest level in recent years and up fr…
13 Fugitives Captured In Major Warrant Sweep Across Passaic County: Sheriff 13 Fugitives Captured In Major Warrant Sweep Across Passaic County: Sheriff
13 Fugitives Captured In Major Warrant Sweep Across Passaic County: Sheriff Thirteen fugitives were arrested in a major warrant sweep across Passaic County, Sheriff Thomas Adamo said. The sweep was carried out on Thursday, April 10, and included help from several divisions of the Passaic County Sheriff’s Office, including the Detective Bureau, Patrol, and Courthouse Division. “This operation was a collaborative effort involving multiple divisions, including the Sheriff’s Detective Bureau, Patrol, and the Courthouse Division,” Adamo said. “I want commend every individual who was involved in this significant operation.” According to Adamo, the focus of the operation…
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners President Donald Trump has announced sweeping new tariffs, accusing allies and adversaries of looting the US economy, despite consumer confidence sinking domestically and growing recession fears. Trump revealed the tariffs during a news conference in the Rose Garden at the White House on Wednesday, April 2. The President called the day "liberation day," alluding to what he claims is a trade imbalance caused by his predecessors. The new measures impose a baseline 10% tariff on all imports. Those will begin on Saturday, April 5, according to the White House. Sharply higher rates for dozens o…
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system.  He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy, would mark a pivotal turning point for the nation. "America is going to be very rich again, and it's going to happen very quickly," Trump said during a speech in Florida on Monday, Jan. 27 at the 2025 Republican Issues Conference at the Trump National Doral Miami. "Instead of taxing our citizens to enrich foreign nations, we should be tariffing an…
Chemical Release Hospitalizes 12 Chambersburg Workers, Feds Say Chemical Release Hospitalizes 12 Chambersburg Workers, Feds Say
Chemical Release Hospitalizes 12 Chambersburg Workers, Feds Say A hazardous chemical gas release at a Chambersburg-based soap and detergent manufacturing facility has resulted in $161,310 in federal penalties, according to a U.S. Department of Labor announcement on Tuesday, Jan. 14, 2025. The investigation, led by the Occupational Safety and Health Administration (OSHA) in its Philadelphia regional office, followed the July 2024 incident at AFCO, a manufacturing subsidiary of Zep Inc. based in Atlanta. The Chambersburg facility, which specializes in cleaning and sanitation products, experienced a nitrogen dioxide gas release during chemical processing. …
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years Nearly half of companies worldwide are planning to cut jobs within the next few years as artificial intelligence (AI) reshapes industries and automates millions of positions, according to a new global report. The World Economic Forum’s "Future of Jobs Report 2025" outlines the seismic shifts AI will bring to the global workforce, revealing both challenges and opportunities: Job Displacement: The report says 41 percent of companies intent to downsize their workforce globally between 2025 and 2030, particularly in industries reliant on routine and manual tasks such as manufacturing, customer …
North Brunswick Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say North Brunswick Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say
North Brunswick Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say An executive from North Brunswick admitted to sharing secret soda formulas with his company's competitors, authorities said. Andrew Blum, 63, pleaded guilty on Tuesday, Nov. 12 to conspiracy to possess stolen trade secrets and possession of stolen trade secrets, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Blum was the vice president of product development for an unnamed North Jersey-based maker of oil products and proprietary flavors from 2013 until Wednesday, Dec. 12, 2018. The parent corporation of Blum's company was one of the world’s largest produc…
Phillipsburg Man Used 3D Printer To Manufacture Handgun, Ammo: Prosecutor Phillipsburg Man Used 3D Printer To Manufacture Handgun, Ammo: Prosecutor
Phillipsburg Man Used 3D Printer To Manufacture Handgun, Ammo: Prosecutor A 40-year-old Phillipsburg man is facing charges for using a 3D printer to manufacture a firearm and ammunition, authorities said.  A search of Michael Weaver's home on Monday, Aug. 26, turned up two 3D printers, a 9mm handgun, thousands of rounds of multi-caliber ammunition, and equipment to manufacture such ammunition, Acting Warren County Prosecutor Anthony Picione said. Weaver has been charged with manufacturing a firearm using a 3D printer; unlawful possession of a weapon; and certain person not to have a weapon or ammunition.
'Coolest Thing Made In NY' Competition Accepting Nominations 'Coolest Thing Made In NY' Competition Accepting Nominations
'Coolest Thing Made In NY' Competition Accepting Nominations Know of a product that’s too cool for school? The Business Council of New York State is now accepting nominations for its inaugural “Coolest Thing Made in New York” competition. "A statewide initiative aimed at spotlighting the innovation, creativity, and manufacturing excellence of businesses across the state," the council said of the contest.  "This exciting competition will provide a platform for manufacturers to showcase their products and highlight the vital role they play in driving New York's economy forward." The competition is open to all products that are created in New Yor…
Newtown Company To Close, 71 Employees To Lose Jobs Newtown Company To Close, 71 Employees To Lose Jobs
Newtown Company To Close, 71 Employees To Lose Jobs A company is closing its Fairfield County plant causing 71 employees to lose their jobs. Cascades Containerboard Packaging in Newtown said in a letter to the First Selectman Jeffery Capeci, its intent to permanently close its manufacturing facility located at 1 Edmond Road, between April 12 and April 26. "We have advised the employees that the layoff will be progressive between the above two dates," the company said. "We have also advised that this action is expected to be permanent." The company said employees will not be offered positions in other plants as the m…
Titanium Plant Explosion Rocks Berks County Town Titanium Plant Explosion Rocks Berks County Town
Titanium Plant Explosion Rocks Berks County Town An explosion at a titanium plant in Berks County on Thanksgiving Day was being probed by police. About six workers at the TIMET plant in Morgantown were leaving when the blast went off around 2:30 p.m., a Caernarvon Township officer tells PennLive. A smaller explosion had been reported earlier in the day and was believed to have been caused by a furnace, authorities told various news outlets. No injuries were reported.
This County In Region Now Leads State In Job Growth, Report Says This County In Region Now Leads State In Job Growth, Report Says
This County In Region Now Leads State In Job Growth, Report Says Those looking for work would do well to check out one New York county above all others. Sullivan County is leading the entire state - even New York City - in job growth, according to a new report from the state Department of Labor. Private-sector job growth in Sullivan County grew 9.1 percent year-over-year for September 2022, the report found. For comparison, New York City had a 6.8 percent job growth rate during the same period. Information services and the leisure and hospitality industries saw the most significant growth from the previous year at 100 percent and 32.5 percent, respect…
Connecticut Nets 26,000 New Jobs In July, But ... Connecticut Nets 26,000 New Jobs In July, But ...
Connecticut Nets 26,000 New Jobs In July, But ... The number of jobs in Connecticut shot up dramatically over July - with the addition of 26,500 net new positions. That’s the good news. The bad news is that there are 146,300 fewer jobs in Connecticut now than there were compared to a year ago. That’s an 8.7 percent decrease year-over-year, according to the most recent information available from the Connecticut Department of Labor. Seasonally adjusted, there are 1.5 million non-agricultural jobs in Connecticut. Connecticut saw another large job gain in July," said Andy Condon, Director of the Office of Research at the Connecticut Departm…
COVID-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening COVID-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening
Covid-19: Westchester, Rockland County Execs Share Thoughts On Day 1 Of Reopening The county executives from Westchester and Rockland convened to discuss Day 1 of Phase 1 of the reopening of the Hudson Valley region amid the novel coronavirus (COVID-19) crisis. The region - which includes Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester counties. - met the required metrics set forth by the state to begin reopening after nine weeks of shutting down due to the COVID-19 virus. On Tuesday, May 26, the day the region was given the green light to kickstart some non-essential businesses, Westchester County Executive George Latimer and Rockland County E…
COVID-19: Here's What You Should Know About The Four Phases Of NY Reopenings COVID-19: Here's What You Should Know About The Four Phases Of NY Reopenings
Covid-19: Here's What You Should Know About The Four Phases Of NY Reopenings With Long Island and the Hudson Valley now set for Phase 1 reopenings, nine of New York State's 10 regions will be moving forward to reach the fourth and final phase. Re-opening refers to non-essential businesses and business activities.  After two weeks, state and regional officials will evaluate the outcomes of the reopening and then decide whether or not the region can move to the next phase. These are the four phases: Phase 1: Construction Agriculture, Forestry, Fishing, Hunting Retail (Limited to curbside or in-store pickup or drop off) Manufacturing Wholesale Trade Phase 2: …
COVID-19: Fifth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Others COVID-19: Fifth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Others
Covid-19: Fifth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Others Five down, five to go. When the clock strikes midnight, five regions in New York will have the green light to “unpause” selected non-essential businesses. Central New York has joined the Finger Lakes, Mohawk Valley, North Country and Southern Tier as regions that have met the seven metrics set forth by the state that will allow them to reopen. Related story - COVID-19: Here Are New Activities, Low-Risk Businesses Restarting This Week Downstate Of the five other regions, the Capital Region and mid-Hudson Valley have met five of seven metrics, while Long Island, New York City, and West…
COVID-19: Fourth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Six Others COVID-19: Fourth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Six Others
Covid-19: Fourth NY Region Reaches Benchmark To Reopen Economy; Check Status Of Six Others A fourth region in New York has been given the green light to “unpause” some non-essential businesses when the state begins slowly reopening the economy on Friday, May 15. North Country has joined the Finger Lakes, Southern Tier, and Mohawk Valley as regions that have met the seven metrics set forth by the state to begin reopening. You can check an online dashboard to track how close New York's six other regions are to reopening here. According to New York Gov. Andrew Cuomo, provided nothing changes, the four regions can begin opening businesses for phase one on Friday, May 15, which …
COVID-19: NY Businesses Need To Design 'New Normal' To Re-Open, Cuomo Says COVID-19: NY Businesses Need To Design 'New Normal' To Re-Open, Cuomo Says
Covid-19: NY Businesses Need To Design 'New Normal' To Re-Open, Cuomo Says Businesses need to now design a "new normal" that emphasizes social distance, personal protective equipment and other factors to re-open amid the novel coronavirus (COVID-19) pandemic, Gov. Andrew Cuomo said.  A phased plan to re-open the state and "re-imagine a new normal for the state" was outlined by Cuomo at his daily news briefing on Sunday, April 26. The plan will be implemented in phases and be based on regional analysis and determinations and start with construction and manufacturing, Cuomo said. (See first five images above.) Based on Centers for Disease Control rec…