Bayer cuts 1800 jobs after Baycol recall backlash
Bayer AG announces a restructuring slashing about 1,800 jobs and closing 15 plants following the Baycol recall linked to US deaths. Second quarter operating profit drops 45 percent and full year earnings outlook falls below prior $2.7 billion target. The Kansas City plant expansion is scrapped, and analysts question the viability of Bayer's drug unit.
MENTIONED IN THIS ARTICLE
Berlin
Bayer AG
United States
Leverkusen
Bayer
Kansas City
Bayers
BASF
Abbot Laboratories
Air Wisconsin pilots near looming strike disrupts flights
Air Wisconsin and its pilots, represented by the Air Line Pilots Association, worked with federal mediators to reach a new contract before an 11:01 am CDT deadline. About 35 protesters gathered at strike HQ in Aurora while rallies occurred in Chicago and Appleton. Airline canceled over 70 weekend flights and warned of more as talks stalled over pay retirement and job security. Air Wisconsin operates as United Express with 650 pilots across 44 cities in 20 states, serving key Denver Colorado Springs routes and major resort towns.
MENTIONED IN THIS ARTICLE
Aurora
Colo
Air Wisconsin
Air Line Pilots Association
National Mediation Board
Pat Thompson
Denver
Chicago
Appleton
Wis
Rick Zaiman
United Express
Dane County
Madison
Shawna Schultz
Milton
Philadelphia
Mitch Madison
Colorado Springs
Aspen
Durango
Grand Junction
Montrose
Union challenges Reliant over 280 pound work limits
The International Brotherhood of Electrical Workers filed an unfair labor practices complaint against Reliant Energy on a May memo limiting workers to 280 pounds in gear. Union official Rick Childers says those over 255 face reassignment lower pay or firing, citing safety guidelines and a training incident. About 30 of 900 workers are affected.
MENTIONED IN THIS ARTICLE
Houston
Reliant Energy
International Brotherhood of Electrical Workers
Rick Childers
Leticia Lowe
Lowe
China to buy 36 Boeing jets amid talks and consolidations
China plans to purchase 36 Boeing 737 jets through state-owned carriers in negotiation. An official said price details are not disclosed while Beijing seeks to streamline aviation through consolidations into three major airlines. The deal could be worth up to $2 billion and signals renewed vigor in China's air industry.
MENTIONED IN THIS ARTICLE
Shanghai, China
China
Daniel D. Y. Song
China Eastern Airlines
Shanghai
Boeing
U.S
The
Wall Street Journal
Beijing
GM Unveils Stationary Power Generator Using Fuel Cell Tech
General Motors announced a stationary power generator that could supply electricity to homes and businesses. The unit uses hydrogen from natural gas, methane, or gasoline and air as the oxidant, with natural gas favored for home use due to existing infrastructure.
MENTIONED IN THIS ARTICLE
General Motors
Traverse City
Mich
General Motors Corp
California
White House
Larry Burns
Burns
Ford and Navistar form Blue Diamond Truck Co
Ford Motor Co and Navistar International finalize a 50 50 venture to build Class 6 and 7 commercial trucks. The plants will be in Escobedo Mexico with sales planned for 25 000 trucks annually by Ford and 10 000 by Navistar. Both firms will share board representation with no parent equity stake.
MENTIONED IN THIS ARTICLE
Chicago
Ford Motor Co
Navistar International
Blue Diamond Truck Co
Navistar
Escobedo
Mexico
Ford
Blue Diamond
Roy Wiley
David Tarrant
North America
South America
Wiley
SIPC Plans Two Simple Cycle Turbines West of Marion Station
Southern Illinois Power Cooperative plans to install two simple cycle electric combustion turbines and related facilities just west of its existing plant about 8 miles south of Marion Illinois to meet peak summer loads. The Rural Utilities Service will hold a scoping meeting at Marion High School on September 5 2001.
MENTIONED IN THIS ARTICLE
Southern Illinois Power Cooperative
SIPC
Marion, IL
Rural Utilities Service
RUS
Marion High School
Also Mentioned on This Page
Southern Illinoisan
Larry McKenzie Maude Webb
Marion
Marion Memorial Hospital
Webb
Baycol
Holger Ochs
Commerzbank
Frankfurt
Ochs
Europe
Denver International Airport
Ey As
XTRAC
Vitiligo
S.I. Dermatology
Southern Oil Dermatology
North Park Avenue
Herrin
Etropolis
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