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USA: "One in Four Companies Planning Layoffs, But Most Taking Measured Approach to Economic Crisis"

USA: "One in Four Companies Planning Layoffs, But Most Taking Measured Approach to Economic Crisis". 6-page report by Watson Wyatt Worldwide.

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eJournals - global automotive industry news





AMERItalk eJournal

AMERItalk eJournals assist automotive suppliers in succeeding in the U.S. and Canadian automotive industries.

June,  2017


The Future of High Tech Patent Litigation in the Auto Industry
The rapid adoption of new technologies by the auto industry and the new players that provide them is going to have an impact on the world’s roads. It’s also bringing an increased focus on exploiting and protecting intellectual property. (...)
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UAW Focuses on Safety in Tesla Organizing Effort
In its bid to organize workers at the Tesla assembly plant in Fremont, CA, the UAW is zeroing in on workplace injuries as a key issue and appears to be picking up advocates along the way.The UAW tapped worker-safety expert Doug Parker, (...)
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Auto industry growth strategies: Fasten your seatbelts
IntroductionThe global auto industry is always in flux, as new models and designs alter the shape and performance of automobiles. Nonetheless, few periods in automotive history match today’s pace of change. Over the ne (...)
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Trade Policy in the First 100 Days: Implications for Automakers and Suppliers
BackgroundPresident Trump has focused much of his policy agenda on trade issues that have could have far-reaching implications for the U.S. automotive industry. The President’s Executive Order on January 23, 2017—Tr (...)
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Autos: North America Build Still Seen Above Expectations in Q2 2017 (download report)
North America production declined 9% yoy in April, due to two less build days yoy. Production schedules are still tracking toward +2-3% in Q2, above our estimate for 1% growth. We expect Q3 build to decline low single digits on GM platform cha (...)
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Trucks: North America Rebound May Be Set to Slow (May 2017 download report)
Negative risk/reward for truck stocks. While better-than-expected Class 8 orders continued into April, we believe tepid hard data and lack of participation from big fleets in recent activity increase the likelihood that orders moderate over co (...)
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New Materials/New Skills for Automotive Skilled Trades
CAR has completed research on the impact of new materials on skilled trades training and apprenticeship needs.  Designing, analyzing, and building automotive tools, dies, molds, jigs, and fixtures to form the wide array of new and advanced ma (...)
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Auto Dealers: Border Adjustment Tax Will Hurt Dealers and Customers
AIADA Responds to House Ways and Means Hearing on Capitol Hill.America's 9,600 international nameplate automobile dealers today reinforced their opposition to a border adjustment tax as the House Ways and Means Committee held a hearing (...)
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Report: 288,000 American Workers in 48 States are Building Technology for Cleaner Cars Today
Building clean vehicle technology directly supports 288,000 manufacturing and engineering jobs in the United States, according to a new report released by labor and environmental leaders today. These workers are employed at more than 1,200 fac (...)
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Report: 'Clean Diesel' Cars Fade in US
Automakers appear to be increasingly abandoning efforts to sell more fuel-efficient diesel vehicles in the U.S. in the wake of Volkswagen's emissions scandal.Daimler, the owner of Mercedes-Benz, became the latest following this week's a (...)
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Compliance Grows Up: Increasing Budgets and Board Access Point Toward Greater Prominence, Independence
Improvements to compliance programs, likely combined with recent political changes, are helping to reduce compliance executives’ concerns about personal liability. At the same time, the compliance function is becoming more independent and pr (...)
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"Shifting" Away From Hourly Pay ... Be Aware of Potential Pitfalls
In many states and across industries, the practice of paying nonexempt employees a “day rate,” “shift rate” or “job rate,” is gaining in popularity. The automotive industry is no exception.A day rate occurs when a set amount (...)
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Industry 4.0 and the digital twin
Manufacturing meets its match.As manufacturing processes become increasingly digital, the digital twin is now within reach. By providing companies with a complete digital footprint of products, the digital twin enables companies to dete (...)
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The 3-D Printer That Could Finally Change Manufacturing
Desktop Metal thinks its machines will give designers and manufacturers a practical and affordable way to print metal parts.It’s less than two months before his company’s initial product launch, and CEO Ric Fulop is excitedly showin (...)
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Canadian manufacturing sector falling behind in digital production revolution, says BDC
A BDC study says that 42 per cent of Canadian manufacturing businesses have not yet initiated a digital shift, and those companies will soon be at a disadvantage against competitors.A new Business Development Bank of Canada (BDC) study (...)
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What American Manufacturers Can Learn From Henry Ford
Manufacturers must keep up with innovation or risk being outpaced by global competitors.American manufacturers are competing not only against each other but also against their global counterparts. When it comes to automation, manufactur (...)
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U.S. Supreme Court Limits Jurisdiction in Patent Cases
In a unanimous decision, the U.S. Supreme Court ruled in TC Heartland LLC v. Kraft Foods Group Brands LLC, No. 16-341, that patent infringement lawsuits must be brought in one of two places: (1) wherever the defendant is incorporated or (2) wh (...)
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U.S. Tax Compliance Toughens for Intercompany Transactions
Many U.S. companies are still making the internal process changes needed to comply with the OECD's base erosion and profit shifting project.As the new administration’s trade policies come into clearer focus, it is obvious that some ch (...)
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America’s declining mobility has millennials feeling stuck
Why Americans are moving less, and why that’s a big deal for housing and economic opportunity.It’s graduation season, a time for celebration and optimism for the country’s newly minted college-educated young adults. It’s time to (...)
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Understanding the great potential of Chinese investment in the US
Record high Chinese investment in the United States in 2016 demonstrates that Beijing's economic agenda is compatible with the US economic goals, not the other way around.A report co-authored by the Rhodium Group and the National Commit (...)
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Americans Believe Manufacturing Industry Critical to Country’s Prosperity
A new survey showed 81% feel the manufacturing sector is important to maintaining their standard of living.A high percentage of Americans want their government to invest further in the manufacturing sector. A new survey from Deloitte an (...)
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Middle Market Manufacturers: Surprisingly Suited to Capitalize on IoT Advantages?
Manufacturers are waking up to the Internet of Things (IoT) opportunity. According to BI Intelligence, companies will spend nearly $6 trillion on IoT solutions in the next five years, and by 2020, 24 billion devices will be IoT-enabled. Whethe (...)
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How tenant incentives are reshaping the U.S. office market
You might expect the most expensive place to set up shop in a new office would be the one with the highest rents.This would make New York’s Midtown the dubious winner, with its $194 per-square-foot rates and status as the third most e (...)
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Email Outside of Working Hours Not a Burden to US Workers
Story Highlights• 91% who email outside of working hours say amount is reasonable• Most say after-hours emailing doesn't affect their well-being• After-hours emailing not seen as important for advancem (...)
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TSA offers advice for passengers before summer travel season
It may seem like common sense to some that having a knife in your carry-on baggage is prohibited, but according to the Transportation Security Administration (TSA), airline passengers still attempt to bring the weapons on board.To disco (...)
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Silver Tsunami Washing Over the U.S. Workforce
It will take a creative and multi-tiered approach in partnership with communities, government, and educators for manufacturers to find the skilled work force they need.Ten thousand per day — that’s the number of baby-boomers retirin (...)
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Lack of Workers, Not Work, Weighs on the Nation’s Economy
Stephanie Pappas and her brothers built their roofing supply company in this fast-growing region by promising next-day delivery, but lately they’ve been forced to tell some customers that tomorrow is impossible.Their company, Roofers (...)
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Corporate Tax Reform to Have Positive, Domino Effect on U.S. Industrial Economy
While the timing and details of a new corporate tax policy are still uncertain, it will change the business landscape for U.S. companies of all sizes for the better.The business landscape in the United States has historically been both (...)
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Failed Workplace Drug Tests Reach 12-Year High
American workers are testing positive for drug use at the highest rate since 2004, according to the annual Quest Diagnostics Drug Testing Index. This makes it critical for employers to review—and possibly update—their substance abuse polic (...)
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TaxNewsFlash-United States
KPMG's reports of tax developments in the United States.To see latest developments (May, 2017), please click here.Source: (...)
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Tennessee DOR Explains New Law Permitting Manufacturing Companies to Elect Single Sales Factor Apportionment
Notice No. 17-11: Single Sales Factor for Manufacturers, Tenn. Dept. of Rev. (5/17). The Tennessee Department of Revenue (Department) has issued a notice pursuant to recently enacted legislation [H.B. 534] that permits taxpayers whose principa (...)
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NLRB: Nonunion Employees Do Not Have A Right To A Co-Worker’s Presence During Investigatory Interviews
As we have frequently reminded our readers, even non-unionized employers need to pay close attention to the National Labor Relations Board’s (NLRB) rulings and opinions as to employees’ rights under applicable labor law. For example, the N (...)
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