Word: chaine
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...eaton manufacturing plant in Roxboro, N.C., makes a 3-in. gadget called a lash adjuster that keeps pressure constant on engine valves, increasing fuel efficiency. Last year Brian Whitfield, a supply-chain analyst at the factory, had plenty of work scheduling orders for raw materials, components and packaging. But with the collapse of GM and Chrysler, business ground to a halt, and when Whitfield arrived at his cubicle on Jan. 20, he found an e-mail from management announcing layoffs. He looked around and saw people leaving, carrying boxes. Then his boss called him into the conference room. "Basically...
...massive power plant owned by Progress Energy. The plant employs 268 people and generates up to 2,425 MW of electricity. In January, just after he was laid off, Whitfield called human resources at Progress to see about a job. The Roxboro power plant employs six supply-chain analysts, says Harry Sideris, the plant manager, but he doesn't need any more. Even if he did, Sideris says, Progress has a soft hiring freeze in effect and is filling only essential positions...
That's too bad, because according to John Donaldson, president of CertainTeed Gypsum, the plant would have needed a supply-chain analyst. Someone like Brian Whitfield...
...recession. Apparently, JP Licks, a competing ice-cream vendor that opened in a strategic Mass. Ave. location last summer, benefitted from financial incentives offered by Harvard University. The university owns the real estate JP Licks currently occupies, and it essentially invited the franchise in, offering the popular Boston-area chain preferential access to the space and a lease at a below-market rate. To some, such incentives smack of the sort of anti-competitive practices that have no place in a free-market system...
...surprise fourth quarter losses at Merrill, there are also some indications that Bank of America officials were kept in the loop. A chain of e-mails reviewed by TIME.com shows that Merrill employees were giving Bank of America executives regular updates about the deteriorating profits at the investment bank. In a response to a Dec. 3 e-mail detailing nearly $1 billion in additional Merrill trading losses, Neil Cotty, B of A's chief accounting officer, responded, "BTW ... thank you for this ... they did ask ..." Importantly, none of the e-mails say the information on Merrill's losses was needed...