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Mass layoffs up in December

January 25, 2006

In December 2005 employers took 1,308 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the...

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Reliance Steel & Aluminum to acquire Earle M. Jorgensen Co.

January 24, 2006

Reliance Steel & Aluminum Co. ("Reliance") and Earle M. Jorgensen Company ("EMJ") have announced a definitive merger agreement in which Reliance will acquire EMJ. The transaction is expected to be...

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DaimlerChrysler management restructuring to cut 6,000

January 24, 2006

DaimlerChrysler today introduced a new management model intended to further integrate the company's functions, focus operations on core processes, and encourage internal collaboration. The plan also...

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Olympic Steel, U.S. Steel to close OLP joint venture

January 23, 2006

Olympic Steel Inc., a national steel service center, and United States Steel Corp. jointly announced plans to close their Olympic Laser Processing (OLP) joint venture facility in Detroit. OLP...

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Ford to idle 14 plants

January 23, 2006

The Ford Motor Co. today announced its "Way Forward" restructuring plan designed to help the company reverse its $1.6 billion loss in 2005 and prepare its North American business for global...

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U.S. industrial production increased in December

January 17, 2006

According to the Industrial Production and Capacity Utilization report released today by the Federal Reserve, U.S. industrial production increased 0.6 percent in December after gains of 0.8 percent in...

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Gerdau Ameristeel announces leadership changes

January 16, 2006

Gerdau Ameristeel Corp. has announced leadership changes.Andre Johannpeter, currently chief operating officer for Gerdau Ameristeel, is returning to the Gerdau Group Corporate Office in Porto Alegre,...

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TRUMPF announces management changes

January 16, 2006

TRUMPF Inc. has appointed Peter Grollmann as the new product manager for laser marking. He is responsible for managing TRUMPF's laser marking products in North America.An electronics and optical...

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American Axle & Manufacturing to build plant in China

January 12, 2006

American Axle & Manufacturing Holdings Inc. today announced that it will establish a manufacturing facility in Changshu, China, near Shanghai. The company has acquired land-use rights for...

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Timken to expand Virginia bearing plant production

January 11, 2006

The Timken Co. today announced plans to invest approximately $10 million in its bearing plant in Altavista, Va., enabling expanded manufacturing of replacement wheel-hub bearing assemblies for...

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Software theater demonstrates pipe cut programming

January 10, 2006

Mazak Optonics, Schaumburg, Ill., hosted a real-time software theater at FABTECH Intl./AWS that demonstrated the use of FG CAD/CAM software for programming of pipe parts. Spectators interacted with...

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Laser system has combined axes speed of 5,900 IPM

January 10, 2006

Prima Laser Tools' new Domino HS 1530 multiaxis 2-D/3-D high-speed laser system has a combined X-Y-Z axes speed of 5,900 IPM.The laser has direct-drive cutting and welding heads. According to the...

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Software enables forming simulation analysis and costing

January 10, 2006

Forming Technologies offers its Forming Suite 4.0 software, suitable for blank development, forming simulation, blank nesting, and material cost estimation and optimization. According to the...

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Adhesive is alternative to welding on galvanized metals

January 10, 2006

Devcon offers its Flex Welder FC (fast cure) methacrylate adhesive and Dev-Thane 5 urethane adhesive as alternatives to welding on galvanized, galvanneal, or GALVALUME® metals.The methacrylate...

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Protective eyewear is lightweight

January 10, 2006

Bacou-Dalloz offers the Uvex® Protg™ line of lightweight safety eyewear.Weighing 27.5 g, the eyewear features a secure, wraparound brow that expands to accommodate a variety of users. The...

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