Tag: factories

15 DEC

GM is issuing layoff notices for 5 US and Canadian factories — but over 1,000 workers are interested in relocating (GM)

Bill Pugliano/Getty Images GM has begun to notify hourly workers of layoffs at five plants in the US and Canada. The carmaker has 2,700 positions available at other facilities. GM is also providing severance and services to salaried employees facing layoffs or voluntary buyouts. Last month, General Motors announced that it intended to idle five […]

22 JAN

Speedy DNA nanorobot could lead to molecular factories

DNA-based robots promise all kinds of microscopic machinery, but there’s a major obstacle: they’re slow. Existing designs that use biochemical processes for movement can take hours to shuffle molecules around, which makes them utterly impractical for anything time sensitive. That might not a hurdle for much longer. Scientists have developed a DNA nanorobot (specifically, an […]

18 JAN

Forget factories, most companies plan to use their overseas cash to pay down debts (AAPL)

In pushing for the tax law Congress passed last year, President Trump and other supporters argued it would encourage companies to take the cash they’d stashed overseas and use it to open factories and hire workers in the US. While some may end up doing that — Apple suggested Wednesday, for example, it would use […]

19 OCT

Tesla faces lawsuit for racial harassment in its factories

A new lawsuit brought by three former Tesla employees alleges that they were subject to constant racial discrimination and harassment in the electric car company’s factories. The case, first reported by the Mercury News, was filed yesterday in the Alameda County Superior Court in California. The three plaintiffs in the suit are African American. The […]

02 OCT

Globalfoundries: Next-generation chip factories will cost at least $10 billion

The economics of the chip industry are pretty staggering. Sanjay Jha, CEO of contract chip manufacturer Globalfoundries, recently told me that it could cost between $ 10 billion and $ 12 billion to build a next-generation chip factory based on the latest technology, dubbed 7-nanometer production. And one for the generation after that, dubbed 5-nanometer […]

09 AUG

Restaurants Are the New Factories

Donald Trump’s ideal economy is defined by brawn. He praises steelworkers, speaks wistfully of coal mining, and tweets boastfully about new manufacturing factories. But 200 days into his presidency, the most promising sector of the U.S. labor market isn’t steel-plating. It’s dinner-plating. Restaurant jobs are on fire in 2017, growing faster than health care, construction, […]

02 AUG

Electric vehicle hopeful has been reneging on factories it hasn’t yet built [Updated]

Enlarge / Faraday’s FF91 design is somewhat derivative, echoing the Jaguar F-Pace and evoking a latter-day Saab SUV, had the company not died before designing its own proper one. (credit: Jim Resnick) In early 2016, electric vehicle company Faraday Future celebrated a deal with the state of Nevada—in exchange for building a $ 1 billion […]