Boeing considering 10% payroll cut after coronavirus pandemic shuts down plane manufacturing

No decision has been reached yet but the final reduction would likely include voluntary layoffs, early retirements, natural attrition and potentially mandatory layoffs. Travel BEST TRAVEL DEAL: Find Great Deals At Radisson’s Official Site. Book Now And Save! (300×250)” >

Japan stocks drop more than 4%; private survey of China’s manufacturing activity beats expectations

The Caixin/Markit Manufacturing Purchasing Managers’ index for March came in at 50.1, above expectations of a reading of 45.5 by analysts in a Reuters poll. It came on the back of February’s reading of 40.3, the sharpest contraction on record. … Read more…

L’Oréal, LVMH and Zara Among Growing List of Companies Manufacturing Products to Help Prevent and Cope With the Spread of Covid-19

As Covid-19 continues to wreak havoc on communities across the world, fashion and beauty brands have announced plans to begin manufacturing products that will help prevent the infectious disease from spreading. LVMH joined the fight first when the luxury conglomerate … Read more…

‘Crisis mode’: Coronavirus disrupts the heart of electronics manufacturing in China

Quarantines and other measures put in place to stop the spread of the deadly coronavirus in China could continue to disrupt electronics manufacturing even after factories return to production, manufacturing experts said. International: Top News And Analysis SPECIAL NEWS UPDATE: … Read more…

China’s deadly coronavirus could be good for US jobs, manufacturing, says Trump Commerce Secretary Wilbur Ross

“The fact is, it does give businesses another thing to consider when they go through their review of their supply chain,” Trump Commerce Secretary Wilbur Ross said of the deadly coronavirus. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today … Read more…

China says its manufacturing activity contracted for the second-straight month in January

China's official manufacturing Purchasing Managers' Index (PMI) for January was 49.5, according to the National Bureau of Statistics. That's higher than the 49.4 reported in previous month, and the 49.3 expected by analysts in a Reuters poll. Asia-Pacific News BEST … Read more…