US factories seek workers for the nearshoring boom
Mint Ahmedabad|December 28, 2024
A furniture retailer is seeking out more North American suppliers to reduce the region's dependence on shipping from other parts of the world.
FROM PAGE 18

Lego is spending more than $1 billion to open a factory in Virginia in 2027 that will supplement its Mexico plant to feed the Americas.

The investments are happening as a slew of new semiconductor and electric-vehicle battery plants are expected to open in the next few years, boosted by U.S. government grants, across states such as Ohio, Nevada, Georgia, Idaho, Arizona and Texas.

"It's boom time," said Carolyn Lee, president of the Manufacturing Institute, a workforce development and education affiliate of the National Association of Manufacturers. Lee said the industry usually advertises about 500,000 job openings each month. "When those facilities open in 2025 and 2026 that need is going to go up even higher," she said.

Labor demand across manufacturing is uneven. Some factory employers are cutting jobs as they respond to shifts in the economy and a slowdown in spending on farm equipment and big-ticket items like cars and major appliances. But the overall trend is toward a shortage of workers.

The problem is exacerbated by an exodus of Baby Boomers from factory work that began with a surge of retirements during the Covid pandemic, Lee said.

Denne historien er fra December 28, 2024-utgaven av Mint Ahmedabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 28, 2024-utgaven av Mint Ahmedabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT AHMEDABADSe alt
Mint Ahmedabad

Adecco Announces Expansion of GCC

Adecco India, a subsidiary of the global Fortune 500 company Adecco Group, has announced the expansion of its global capability centre (GCC) in Bengaluru, with a blueprint to grow its workforce to 2,500-plus by the year end.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

High on hype: Is it still the rise of CBD products in India?

CBD products may be everywhere in India, but premium pricing and stigma continue to impact their acceptance

time-read
2 mins  |
January 21, 2025
Mint Ahmedabad

Billionaire wealth grew 3x faster in '24

Billionaire wealth across the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Re-imagine the National Green Tribunal for superior outcomes

The NGT should be legislatively re-equipped to champion environmental justice while promoting sustainable development

time-read
4 mins  |
January 21, 2025
Mint Ahmedabad

Regional OTTs to bolster original slate

Regional content streaming platforms are looking at 2025 as a time to strengthen their slate even as some bigger, foreign over-the-top or OTT services are slowing down original content production as pressures on margins build.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

LTIMindtree's global markets head quits

Chaturvedi's resignation follows that of former chief financial officer Vinit Teredesai in April 2024

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Kalyan Jewellers' stock rebounds

Shares of Kalyan Jewellers India Ltd rebounded on Monday after Motilal Oswal Asset Management Co. denied social media speculation linked to its investment in the firm.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

Hindenburg Denies SEC Investigation

U.S.-based short-seller Hindenburg Research has said that it is not under investigation by the market regulator US Securities and Exchange Commission (SEC) as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.

time-read
1 min  |
January 21, 2025
Mint Ahmedabad

India's Credit Guarantee Scheme for Startups Holds High Potential

It provides much needed collateral-free loans at a time when risk capital has been slowing down

time-read
3 mins  |
January 21, 2025
Mint Ahmedabad

Women, skip the bro-split and try the flow-split

Exercise plans aligned to menstrual cycles can be effective for women

time-read
2 mins  |
January 21, 2025