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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
May 31, 2001
Page
17
GM proposes a takeover of Daewoo Motor amid foreign investment interests. The move signals potential restructuring and the involvement of GM in South Korean automotive assets with implications for workers and suppliers.
U S jobless claims rise while continuing claims stay steady at 425,000 as the prior week shows a smaller change. The report notes the week ended with continued unemployment figures resembling the April 28 level, amid data inconsistencies in the source text.
The IVE-CWA Local at Lockheed Martin Salina elected Michael Labuls as president replacing David Van Dyke after seven years. Bob Walter became vice president and Ray Caprin chief steward while others filled roles. They take office July 4. Executive VP Allan H. Conseur won a three-year board term as three directors were re-elected. The board declared a 5 cent per share common stock dividend and 37.5 cent per share preferred stock dividend payable July 30.
Cazenovia College announces C Joseph Behan as vice president for student development and dean for soldier life, Robert A Croot as vice president for enrollment management and dean for admissions and financial aid, Carol M Satchwell as vice president for institutional advancement, and Dr Timothy McLaughlin as vice president for art affairs interim dean of the faculty. Steve Little named managing director relationships with MAYA Design in Pittsburgh.
Soirma plars and Cordelle Development showcase 10 exhibition homes in Crown Point with prices up to 385 000. The Parade runs daily through June 17 with previews aiding Coaches against Cancer. Activity notes a slight dip in local single family permits but a robust market with 800-plus construction jobs in April and a 3.7 percent unemployment rate.
The Donlon Awards given by United Way celebrate firms with strong family work life balance at a luncheon in Syracuse. The Fagliarone Group CPAs won small business honors for retaining staff with flex time and on site fitness, while Unity Mutual Life Insurance and Bristol Myers Squibb were recognized for supportive benefits. Weemans Food Markets received a special youth programming award.
Bristol-Myers Squibb workers at the Thompson Road facility in East Syracuse are producing epothilone, a ferment-based cancer drug from bacteria. If successful, the plant could become a manufacturing site, leveraging its history with Taxol and fermentation of drug building blocks. Epothilone targets microtubules to halt cancer cell division, avoiding drug-pump resistance in some cells.
Progressive Insurance agreed to return 100000 of a 125000 state grant given to build a downtown Albany facility in 1898 after announcing layoffs. Maura Gallucci said repayment excludes interest and stressed it is rare for a company to miss its job commitments. Anne Rabe of the New York State Labor Environment Network called the repayment a good sign while noting concerns over public aid abuses. The coalition seeks a law to require disclosure hearings and rerouting for firms receiving state or local aid.
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