With the Charlotte banking industry waiting to see how many people are going to lose their jobs in the coming year, the Charlotte Chamber of Commerce says it is on track to bring 12,000 jobs into the area this year.
That is not a record, but Chamber President Bob Morgan says it is good considering the [...]
December 13, 2008
Charlotte leaders say more jobs are coming
December 13, 2008
U.S. recession not close to 1930s
NEW YORK (Reuters) – The head of the arbiter of U.S. economic cycles said on Monday that while the U.S. recession will likely be longer than average, it will not even come close to the Great Depression.
“We are in a very different place than the U.S. economy was in the 1930s,” James Poterba, president of [...]
December 13, 2008
Wilsonart avoids layoffs; 10 take early retirement
FLETCHER — Tough economic times are resulting in restructuring at Wilsonart International.
Roughly 10 people took early retirement, but the company avoided layoffs of other workers not close to retirement by reassigning those jobs, Wilsonart Plant Manager Tim Gwennap said Thursday.
The company makes laminate that is used in office furniture and counter tops. The Fletcher plant [...]
December 13, 2008
Charlotte mayor won’t seek eighth term
For Mayor Pat McCrory, eight is too much.
The Charlotte mayor said Thursday he will not seek re-election next November, ending a record seven-term run as the city’s top political leader. McCrory made it clear he plans to run for elected office again, at either the state or federal level. In the meantime, he plans to [...]
December 13, 2008
Caraustar to idle Charlotte plant
Caraustar Industries Inc. will cease production at its paperboard mill in Charlotte on Dec. 19.
The mill makes cardboard used in boxes with annual capacity of 62,000 tons.
Georgia-based Caraustar (NASDAQ:CSAR) says it will monitor demand and expects to determine by March when to restart production.
The mill has 104 hourly employees and 13 salaried workers. The hourly [...]
December 13, 2008
BofA plans up to 35,000 job cuts in next 3 years
NEW YORK (AP) — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.
The final number could be even higher, analysts say. Charlotte, N.C.-based Bank of America said it hasn’t yet [...]
