Tag Archives: layoffs

Warren Mill Closing in Stafford, Displacing 85

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Warren Corp.’s mill in Stafford Springs, built in 1853, is closing next spring.

About 75 people will be laid off by the end of December, and the last 10 in April. The mill, which makes luxury worsted woolens and cashmere for men’s suits and women’s clothing, has struggled with competition from China for a long time. It received $1.4 million from the federal government in October 2012, a payment granted because tariffs on imported worsted wool were dropping. Warren laid off 57 workers in January 2012, and had 125 workers in 2010.

The mill had been bought by Italian luxury fabric maker Loro Piana in 1988, and that company expanded production, going from 200 workers when it took over to 250 workers at its peak.

Loro Piana was just bought out by the parent company of Louis Vuitton this month.

For the full story, visit http://www.courant.com/business/hc-warren-mill-closing-20131017,0,6500828.story

 

What Not To Do On Linked In

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After you’ve been laid off, it’s great to tell people you know what happened, and ask for help. Networking with someone who used to lead the Courant is what got me in the door for this job.

E-mailing someone you don’t know and asking for help  — especially when they live in a state other than the one where you’re searching — not so useful.

Aerospace Factory in Manchester Closing

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The TurboCare Group is closing its Manchester airfoil factory, which has 88 workers who make  turbine blades, buckets and vanes. TurboCare Airfoil, which operates in both Winston-Salem and Manchester,  is the world’s largest manufacturer of aftermarket turbomachinery airfoils, according to the company website.

The TurboCare Group is a subsidiary of German giant Siemens Energy. No one at the factory would comment, saying someone at Siemens had to speak about the closure. The spokeswoman there did return calls for comment.

The factory will close December 31.

The move will put 43 machinists out of work, five tool specialists, five engineers,  three inspectors, two cutter/grinders, two programmers and two program/tooling specialists, in addition to managers, office workers, procurement and materials professionals and others.

The network of businesses, which has its Americas  headquarters in Chicopee, Mass., has 2,500 workers around the world in 16 countries. It also has a factory in East Hartford.

The letter to the state Department of Labor informing officials there of the closure did not say that the workers would have any opportunities to move to openings in Chicopee or East Hartford.

TurboCare Airfoil  has had several different corporate owners over the decades since it opened.

The group does maintenance support for rotating equipment, such as industrial gas and steam turbines, electric motors and compressors.

 

Unemployment Falls to 7.8% For the Right Reasons

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One of the complexities of the monthly jobs report is that the unemployment rate can drop for several reasons (or a combination of them).

One is that people who were looking for work unsuccessfully give up. This group is called ‘discouraged workers,’ and when it’s growing, that’s a bad sign for our economy.

One is that the total number of people working drops. This can be neutral — as the elephant-in-the-python that is the Baby Boom hits retirement age, we’d expect the total number of workers to drop, unless immigration booms. Also, there’s a fairly long-time trend of fewer high school and college students working part-time while they go to school. To the extent that’s because they’re too busy with studying and extra-curriculars, not because they can’t find work, that’s also not an economic problem. But a drop in labor force participation can also be worrisome when it’s among people of prime working age, which has been happening during this bad economy.

But today’s unemployment is a drop for the best reason of all — fewer people lost their jobs and more people were hired last month.

There were 468,000 fewer people who were either laid off or had a temp job end compared to August.

And, according to the household survey (see post number one) there were 873,000 more people with jobs in September than in August.

The only fly in the ointment — besides the fact of course that 7.8 percent is still way too high — is that a lot of those new jobs are part-time when folks would prefer full-time.

The unemployment rate is now where it was when Obama took office.

There’s a lot of talk about how this news affects November’s elections, but what it says about ordinary people who have been struggling to re-establish themselves is more important.

We will find out a week from Thursday if Connecticut residents are also getting back to work. Last month’s data suggested things were worse here than in the country as a whole. But the swing was so dramatic, it could be sampling error.