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NEWS ABOUT: factory

Hershey to Close Original Factory

Chocolatier says it must cut 500 workers to stay competitive

(Newser) - Hershey, Penn., is about to lose its eponymous chocolate factory. It’s not going far—the company is building a new factory just outside of town—but the closure still represents the end of an era, and will result in the loss of close to half the current factory’s... More »

Worker Dies in Vat of Chocolate

(Newser) - A New Jersey man encountered literal death by chocolate yesterday after falling into an 8-foot vat of the stuff, CNN reports. The factory worker fell off a platform while loading solid chocolate into the melting vat. The 29-year-old's colleagues rushed to shut off the machinery, but he suffered a fatal... More »

Two Koreas Agree to Rare Meeting

Will discuss shared factory complex amid international tension

(Newser) - South Korea has agreed to North Korea's rare request for talks over a shared factory park, Reuters reports. South Korea will send 10 envoys north of the border Tuesday to discuss the Kaesong complex, where the North has been holding a South Korean worker for weeks after he derided its... More »

Resilient Detroit Will Come Back Strong

Detroit and its automakers won't quit at any cost

(Newser) - When Congress bailed on aid for Detroit automakers last month, it felt like lawmakers "had just voted to turn the lights out on the Motor City," Detroiter Sarah Webster writes in the Free Press. But even as the Big Three dance dangerously close to bankruptcy, she refuses to... More »

In Rare Move, Toyota to Suspend Production in Japan

11-day break amid shrinking demand is first since 1993

(AP) - Toyota is suspending production at all 12 of its Japanese plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand. The last time it halted production at all its Japanese plants was in August 1993,... More »

JPMorgan to Pay Chicago Protesters

Creditors respond to sit-in with loans, severance offer

(Newser) - JPMorgan will pay $400,000 toward the severance for 240 laid-off workers occupying a Chicago factory, and Bank of America will extend the bankrupt manufacturer a new loan, Reuters reports. Both banks are creditors of Republic Windows & Doors, which shut down after, BOA says, it "maxed out" on... More »

Eyeing US Market, VW Plans Tenn. Plant

Company hopes Chattanooga factory will improve market share

(Newser) - Volkswagen will invest around $1.6 billion to build a factory in the US—20 years after the closure of its last plant, Der Spiegel reports. VW hopes to have the plant, located in Chattanooga, Tenn., running by 2011, and operating at a rate of 150,000 cars per year.... More »

Toyota Will Make Prius in US

Swap at SUV plant shows how fast industry is adjusting to fuel costs, demand

(Newser) - Toyota plans to start producing its super-popular Prius hybrid in the US, Wired reports. With inventories overwhelmed by demand, the firm will move production lines to a Mississippi plant intended to produce SUVs. The factory won’t make its first Prius until 2010, but with no sign of abating gas... More »

Man May Have Planned Factory Rampage

Man who killed 5, plus himself, in Kentucky had gun in his car

(Newser) - The man who shot and killed six people at a Kentucky plastics plant today might have planned his rampage in advance, the Louisville Courier-Journal reports. A supervisor had to escort the worker from the premises following an argument with a fellow employee early this morning. The man took a gun... More »

Oil Price Spike Brings Jobs Back to US

Rising costs curb manufacturers' outsourcing

(Newser) - As costs for overseas production and shipping soar, US companies are growing reluctant to outsource manufacturing—and some are even bringing their plants back to America, the Wall Street Journal reports. “In a world of triple-digit oil prices, distance costs money," said an economist. But it’s not... More »

US Sees Worst Decline in Jobs Since 2003

Payrolls dropped by 63,000; recession fears intensify

(Newser) - The US lost 63,000 jobs in February, the second straight month payrolls contracted and the worst drop since 2003, catching economists off guard and fanning fears of recession anew, Bloomberg reports. Economists hoped the economy would add 23,000 jobs after declining a modest 17,000 in January, when... More »

Dow Flat, Awaiting Jobs Stats

Next Fed move may follow from Friday’s report

(Newser) - The stock market held steady today, as neither a drop in factory orders nor a rise in unemployment claims rattled investors bracing for tomorrow’s crucial jobs report—which could help spur the Fed’s next interest rate move. The Dow was up 6.26 points to 13,974.31,... More »

Child Slavery Scandal Blows Up in China

Kids kidnapped, sent to work in brick kilns rescued in giant crackdown

(Newser) - A child labor scandal is rocking rural China as information surfaces on kidnapped children forced to work as slaves in the country's brick factories. In crackdowns this week, nearly 50,000 police in two Chinese provinces have rescued 550 people, including dozens of the thousands of children believed to be... More »

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