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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jan 18, 2001
Page
5
Housing data show a modest rise in starts while the year 2000 is deemed weak. Analysts note that December activity reflects cautious gains in construction but overall pacing remains below peak levels. The report highlights regional variation and lingering supply constraints affecting new-home volumes.
Ford Motor Company reported a drop in earnings for the fourth quarter ending in December, with results below the prior year's level. First Call Thomson Financial had projected 64 cents a share, having trimmed the forecast by 10 cents after Ford's warning last month.
Three government programs Peace Corps Job Corps and AmeriCorps provide work oriented training for all ages. Peace Corps volunteers serve globally with no age limit receiving language and cultural training. Job Corps offers residential training for 16 to 24 year olds with stipends and post program pay. AmeriCorps volunteers perform tutoring and environmental cleanup with 10 to 12 month service and college aid vouchers.
About 50 union reps urged support for the Carousel expansion claiming 11,000 jobs and regional benefits. UAW members at New Process Gear cited mixed views and political risk while officials touted construction, parking decks, roads, and a tourism boost as key gains.
Oneida Ltd announced a January 29 layoff of about 130 workers at its Sherrill factory due to slow flatware orders. Most affected are third-shift employees, shrinking the workforce to around 2,000 with hopes to recall staff when demand improves. Chief Executive Peter J. Katler cited softer retail demand and broader operating-cost cuts announced in November.
Exit interviews are discussions between departing staff and HR to uncover why talent leaves. They require candor and action from management, including coaching, potential discipline, or organizational changes to improve culture, workloads, processes, and development opportunities.
The Greater Syracuse Chamber of Commerce reports rising local job growth and incomes despite worker shortages and transport costs. Key Bank and Richard Nash of Key Asset Management caution a cooling bull market but project a rebound in the first half of the year as rates ease and inflation stays low.
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