09202018Thu
Last updateWed, 19 Sep 2018 3pm

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Manufacturers Expect To Cut More Costs, Jobs

A majority of CFOs at manufacturing companies said they won’t approve employee raises this year, according to a new survey by accounting firm Grant Thornton LLP.

About 71 percent of CFOs and senior comptrollers said they are cutting costs by not giving out raises, and two-thirds said they will trim expenses by reducing head counts through attrition or layoffs.

Source: Kansas City Business Journal

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A Guide to Quick Setup and Changeover

The best improvement tools or programs available provide little benefit to a manufacturing workplace if the workforce doesn't actively commit to participating in them. That was part of the message delivered during "Quick Setup & Changeover: A Guide to Improving Profits Using SMED," a presentation delivered at the recent IndustryWeek Best Plants conference held in Nashville.

Sharing their insights on the topic were Jim Jelinek, general manager of manufacturer Moog/Flo-Tork, and Fletcher Birmingham, president of Summit Business Consulting.

Source: Industry Week

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Manufacturing Industry Struggles to Use Internet Marketing Services Effectively

ProspectMX announced Monday the debut of a series of industry-specific website audits as a way to chronicle how the biggest industries utilize internet marketing for top organic search engine rankings.

A recent study of FORTUNE 500 manufacturing companies showed that the largest companies in the U.S. fail to rank in the top 100 search results for around 81% of the top manufacturing search terms.

Source: ProspectMX

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U.S. Chamber of Commerce Sharpens Critique of House Climate Bill

Major climate and energy legislation moving through the House Energy and Commerce Committee would create an expensive, complicated, regulation-heavy system that would not spur developing nations to reduce their greenhouse gas emissions, the U.S. Chamber of Commerce charges in a letter to lawmakers.

Even so, the nation's largest business association regards the cap-and-trade plan sponsored by Reps. Henry Waxman (D-Calif.) and Edward Markey (D-Mass.) as the lesser of two evils.

Source: New York Times

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Industrial Production Falls by Least in 6 Months

The nation's industrial production fell in April by the smallest amount in six months, fresh evidence that the pace of the economy's decline is slowing.

Output by U.S. factories, mines and utilities fell by 0.5 percent last month, after revised declines of 1.7 percent in March and 1 percent in February, the Federal Reserve said Friday. Analysts expected a drop of 0.6 percent in April.

Source: Associated Press

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