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JULY 8TH, 2021

Manufacturing Adds 15,000 Jobs Amid Mixed Results

Manufacturing added 15,000 jobs in June, the U.S. Bureau of Labor Statistics said. But the manufacturing employment picture was mixed. Durable goods industries added 18,000 jobs while non-durable goods cut 3,000. Within durable goods, results varied. A number of industries posted gains but motor vehicles and parts had a big loss as the global computer chip shortage continues.


Brian West, Boeing Co.'s incoming chief financial officer, "faces tough choices around how to bring down the company’s debt," The Wall Street Journal said. West, 51, is a former General Electric executive and has close ties to Boeing CEO David Calhoun. Boeing had $63.6 billion in debt as of the end of the first quarter. West assumes the CFO post on Aug. 27.



Electrical discharge machines (EDMs) use electrical discharges to machine parts. New wire EDM models offer improved accuracy, faster cycle times and better finishes. They are also highly automated and getting easier to use.


Rockwell Automation Inc. agreed to acquire Plex Systems, a developer of cloud-native smart manufacturing platforms, for $2.22 billion in cash. Plex offers a single-instance, multi-tenant SaaS manufacturing platform, including manufacturing execution systems, quality, and supply chain management capabilities.



The United Auto Workers named Ray Curry, who had been secretary-treasurer, to take over as president, the Detroit Free Press said. Curry's appointment was effective July 1. He succeeds Rory Gamble, who retired. Curry will serve for the rest of Gamble's term, which expires in June 2022.


Making products faster and smarter through the use of cutting tools and digital products was the overarching theme of the latest installment of the “Its Tool Time” streaming event from the Ceratizit Group. Experts came together to take part in the recent fast-moving, interactive and multi-language event.




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