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Sector Employer News

15 Jun 2021

NRF Asks White House to Address Port Congestion Challenges

Š Debbie Ann Powell / Adobe Stock

A retail trade group is asking President Joe Biden and other top administration officials to help address challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.“The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers,” National Retail Federation president and CEO Matthew Shay said in a letter to the White House. “The…

23 Mar 2020

Oil, Fishing, Tourism: Alaska Economy Faces Triple Hit from Coronavirus

Š Stephen Finn/AdobeStock

The U.S. state of Alaska is so far distant from the worst medical ravages of the coronavirus pandemic, but its economy is in critical condition. Alaska is especially vulnerable because it depends on oil, tourism and fisheries – basic industries that are reeling from the global coronavirus pandemic – and the state government gets most of its revenue from investment earnings that have now evaporated."Alaska is experiencing a perfect storm, a most terrible trifecta, the hat trick from hell," said state Senator Natasha von Imhof, co-chair of the Senate Finance Committee, at a hearing Saturday.

21 Aug 2018

Wärtsilä is Building a Tech Hub in Vaasa

(Image: Wärtsilä)

Wärtsilä is building a new center of research, product development and production, in Vaskiluoto, Vaasa. As of 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new Smart Technology Hub, along with the logistics and maintenance workshop operations from Runsor.As a part of the project, Wärtsilä will invest 83 million euros in modern testing and production technology for the hub. The total investment in the Smart Technology Hub will be in the region of 200 million euros…

07 Dec 2014

West Coast Port Slowdown Won't halt Holiday Goods

With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers instituted costly contingency plans early on to ensure that holiday merchandise would be on the shelves or sitting in a warehouse ready to go,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “However, we are still hearing from retailers experiencing delays at West Coast ports, and retailers are also looking ahead to the spring season. Import volume at U.S.

10 Oct 2014

Retail Imports Surging to Pre-Holiday Highs

Import cargo volume at the nation’s major retail container ports is expected to see a final surge and set a new monthly record in October as the holiday season approaches, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Increasing congestion at the nation’s ports as well as the ongoing West Coast labor negotiations are ongoing concerns and retailers are making one last push to make sure they’re stocked up for the holidays,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Import volume at U.S. ports covered by the Global Port Tracker report is expected to total 1.53 million containers this month, topping the 1.52 million monthly record set in August.

15 Jun 2014

France Expects Better GE Offer For Alstom

France expects General Electric to boost its bid for Alstom's power unit in response to a potential joint offer from Siemens and Mitsubishi Heavy Industries, Finance Minister Michel Sapin said on Sunday. Siemens and Mitsubishi are putting the finishing touches on an offer for Alstom's turbine businesses, including a cash element of roughly 9 billion euros ($12.3 billion), according to sources close to the bidders. That compares with the U.S. conglomerate's existing offer of 12.4 billion euros ($16.9 billion) for all of Alstom's energy assets. "Mitsubishi forming an alliance with Siemens improves Siemens' offer," Sapin said in an interview broadcast simultaneously on Europe 1 radio and iTele.

10 Jan 2014

Retail Imports Forecast: Up 4.8% in January

Containership at dock in port of Oakland (Katharine Sweeney)

2013 Estimated at 2.8 Percent Over 2012. Import volume at the nation’s major retail container ports is expected to grow 4.8 percent in January over the same month last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Estimates show 2013 up 2.8 percent over 2012. “Retailers are still assessing the holiday season, but they’re also looking ahead to see what will happen in the new year,” Vice President for Supply Chain and Customs Policy Jonathan Gold said. U.S.

24 Apr 2012

Top Engineering Employer – Tognum Wins Again

Regine Siemann, Tognum & David Pink , CRF: Photo CRF Institute

Tognum has picked up the accolade ‘Top Engineering Employer’ for the fourth time running. It also won the seal of quality ‘Top Employer in Germany’ for the third time. This year, a total of 34 companies in Germany were named the most attractive engineering employers, and a total of 118 qualified for the ‘Top Employer in Germany 2012’ category. As ‘Top Employer in Germany 2012’ and ‘Top Engineering Employer’, Tognum gained the highest grade for its attractive financial benefits such as salary and pension schemes.

31 May 2000

Harland & Wolff Wins $350M Order

Northern Irish shipyard Harland and Wolff has won a provisional order worth more than $350 million to build two luxury cruise liners, company officials said. The shipyard, which earlier this month secured its future with a $450 million order for four passenger ferries, said it had been awarded a letter of intent by cruise line Luxus Holdings. The 28,000 ton ships will carry 380 passengers and measure more than 656 ft. (200 m), officials said. Luxus said the ships were designed to mimic the standards of a large luxury yacht. The order follows news that Northern Ireland's largest manufacturing sector employer, Bombardier Aerospace, plans to create 1,200 new jobs over the next two years at its Belfast-based aerospace unit Short Brothers Plc.