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Old LaFayette Bluebird Plant Gets New Occupant
LAFAYETTE, GA - New jobs are headed to Walker County. Phillips Bros. Machine Co. announced today in a news conference, at the site of the former Bluebird plant, that they are immediately hiring 40 new workers for the new plant and an additional 50 workers long-term.
The need for additional workers comes as Phillips Machine and the Walker County Development Authority officially closed the land sale of the former Bluebird bus plant.
Phillips Machine Co. has purchased 45 acres, including the Bluebird manufacturing facility that will house their new operations. The remaining 80 acres have been acquired by the Walker County Development Authority, and will provide added incentives when attracting new industrial business prospects to the area.
"The announcement of almost 100 new jobs is a direct reflection of the hard work and high caliber that our local workforce offers to new and existing businesses contributing to the economic success of Walker County," said Bebe Heiskell, Walker County commissioner. "The focus of the Commissioner's Office and Walker County Development Authority has been and will continue to be maintaining significant job growth in our area by providing support to businesses such as Phillips that can bring a positive economic impact to our area."
"Now that the land sale is complete, we are ready to expand our operations more than ever before and bring on the large number of individuals who will join the Phillips family," said Michael Phillips, Phillips Bros. Machine Co. plant manager. "The final closing of the land deal makes our company's expansion official, and we owe a large part of that to the involvement of the Walker County Development team."
Since the economic downtown of 2008, the number of unemployed individuals drastically increased when businesses such as Bluebird were forced to shut their doors. Development officials in Walker County have made it a top priority the past four years to seek out and support business opportunities that put residents back to work and enhance the local economy. The new land deal acquiring Bluebird's property will allow for this through the addition of almost 100 jobs and opening up opportunities for more new business growth.
"The success of companies like Phillips, Roper, Nissin Break and others, reflected in ongoing job creation, is a valuable asset to Walker County's economy and extremely low unemployment rate that continues to be one of the lowest in the state," said Commissioner Bebe Heiskell. "It is a great way to show future potential new industries that Walker County is a great place to bring your business and thrive."
This latest land acquisition by Walker County will be an advantage for future industrial recruitment efforts. The Walker County Industrial Park continues to attract new industries bringing economic growth through tax incentives, fiber optic capabilities and large amounts of available space for growing businesses to utilize.
Phillips Brothers makes parts for machinery like bulldozers and dump trucks and also supply parts for Alstom in Chattanooga.
The company currently operates on Mission Ridge Road in Rossville.
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Last Update on September 16, 2014 07:30 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Federal Reserve policymakers begin a two-day meeting to set interest rates today, but today's one major economic report isn't likely to spur them to raise rates.
Labor Department releases the Producer Price Index for August this morning. The index rose just 0.1 percent in July, and in the past year, prices at the wholesale level have risen just 1.7 percent, slightly below the Federal Reserve's target.
TRUMP PLAZA CLOSING
ATLANTIC CITY, N.J. (AP) -- Atlantic City is down to eight casinos today with the closing of Trump Plaza.
The casino at the center of the Boardwalk and the end of the Atlantic City Expressway has been declining for years, performing worse than any of the city's other casinos.
It joins the Atlantic Club, the Showboat and Revel, each of which has closed this year.
And the contraction might not yet be over: Trump Plaza's parent company is threatening to close its sister casino, the Trump Taj Mahal, in November.
The closings are mainly due to growing competition in nearby states in the saturated northeastern U.S. gambling market.
Atlantic City began the year with 12 casinos.
NEW YORK (AP) -- Alibaba now plans to raise up to $25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.
The Chinese e-commerce company says it plans to sell 368.1 million shares at $66 to $68 apiece, according to a regulatory filing. Previously it had set the range for $60 to $66 apiece.
Alibaba has emerged as a hot commodity because of its e-commerce bazaar, a shopping magnet for businesses and consumers alike as China's economy steadily grows. The company's network of sites includes Taobao, Tmall, and AliExpress, as well as Alibaba.
Alibaba has been meeting with potential investors over the past week, and demand spurred the increase. Alibaba is expected to start trading later this week under the ticker `BABA' on the NYSE.
JUNEAU, Alaska (AP) -- BP Alaska, a major player in the state's oil industry, is planning to lay off 275 employees and contractors early next year.
Spokeswoman Dawn Patience says the business in Alaska will be smaller due to the previously announced sale of interests in four North Slope oil fields to Hilcorp.
Patience says the layoffs, combined with the 200 individuals who have accepted jobs with Hilcorp., represents about 17 percent of the total number of BP employees and contractors in the state.
The company's regional president, in announcing the sale in April, said it would allow for BP to focus on maximizing production from Prudhoe Bay and advancing plans for a major liquefied natural gas project. BP is working on the latter with the state, Exxon Mobil Corp., ConocoPhillips and TransCanada Corp.
CHICAGO (AP) -- United Airlines says it will offer flight attendants up to $100,000 in severance if they leave the company.
The lump-sum payments will be offered in order of seniority to some of United's 23,000 flight attendants.
United and the Association of Flight Attendants announced the deal on Monday.
United says the early-outs will help it match staffing to its flight schedule and produce a labor contract with the union.
Airlines and other companies have used early-out bonuses to entice employees to leave voluntarily. If enough employees accept, it can reduce or avoid layoffs and remove senior, more-expensive employees from the payroll.
WASHINGTON (AP) -- The National Labor Relations Board is finding against the CNN cable television network in an 11-year-old labor dispute, ordering the network to rehire or compensate about 300 workers and former workers.
The NLRB agreed with a November 2008 ruling by one of its administrative judges that CNN improperly replaced a unionized subcontractor, Team Video Services (TVS), with in-house non-union staffers, claiming "anti-union" bias.
The board gave CNN 14 days to rehire the former TVS employees for "their former positions or, if those jobs no longer exist, to substantially equivalent positions."
It also told CNN to pay bargaining union employees for any adverse tax consequences that may result from the lump-sum reimbursements.
A CNN statement said the network disagrees with the NLRB decision and is evaluating options.
ALBANY, N.Y. (AP) -- New York's attorney general is trying to stop a manufacturer from discontinuing its drug widely used to treat Alzheimer's patients. He argues the manufacturer is illegally driving patients to its newer patented drug to avoid losses from cheaper generic alternatives coming out next year.
Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) alleges both anti-trust and state law violations in the federal suit filed Monday in Manhattan against Dublin-based Actavis PLC and New York subsidiary Forest Laboratories.
The manufacturer has announced plans to withdraw Namenda, which generates more than $1 billion in annual revenues, and convinced 40 percent of patients and prescribing physicians to switch to newer Namenda XR.
Schneiderman says the company is "manipulating vulnerable patients" to protect profits.
The company says its new drug, taken once daily instead of twice, is better.
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