Manufacturing News

Stratasys announces layoffs, including in the Twin Cities
3D printing company Stratasys Ltd. has announced this week it will lay off around 240 people, or 10% of its global workforce. Stratasys, which is headquartered in Eden Prairie and Rehovot, Israel, said that the layoffs were in the works for some time, but happened sooner than expected because of the economic impacts of the Covid-19 pandemic. It expects most of the layoffs to happen during the summer, though some will continue into the fall. The layoffs will be spread across the company evenly,…
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Local window manufacturer to lay off hundreds
Despite the timing, the layoffs are not due to coronavirus.
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Waukesha foundry with 119 employees to close; assets sold to Grede
The Renaissance Manufacturing Group Waukesha LLC foundry will close this summer, resulting in the loss of 119 jobs, after the Waukesha facility's book of business was sold to Grede, the Southfield, Michigan-based manufacturer of iron casting and automotive components Grede, which dates back to its founding in 1920 as Grede Foundries Inc. in Wauwatosa and now owned by New York-based private investment firm Gamut Capital Management, intends to relocate the work to foundries within its network. Terms…
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Wells Fargo slams the brakes on some of its auto lending
Wells Fargo & Co. said Tuesday that it will stop loans to finance auto purchases at most of the bank’s independent auto dealer customers. “Like lenders across the country, we are doing everything we can to help customers weather the economic impacts of this health crisis,” Wells Fargo spokesman Ruben Pulido said in a statement Tuesday. “As a responsible lender, we also have an obligation to review our business practices in light of the economic uncertainty presented by Covid-19 and have…
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Greater Cincinnati manufacturing plant being retooled to make Covid-19 vaccine
A West Chester manufacturing plant that makes diabetes drugs will be retrofitted to produce an experimental vaccine to combat Covid-19.
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Luxury yacht builder establishes Fort Lauderdale headquarters
The headquarters will serve the multinational firm's American service department.
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