The many sides of manufacturing's struggles
While jobs disappear or get relocated, other plants are springing up in new places
The loss of manufacturing jobs in many parts of the country have had a profound impact on workers, and the effects of those job cuts have been felt in every segment of the industry. As the workforce development issue gains attention, the Milwaukee Journal-Sentinel reports that some employers have had to lay off high school students from a highly-successful work program that gave students experience and training for a future in manufacturing.
Even so, as some, Caterpillar has broken ground on a new motor plant in the town of Seguin, outside of Austin, TX. The arrival of the Cat plant, said the mayor of the town of 23,000, is “one of the most important events in the 170-year history of the City of Seguin.”
Caterpillar will consolidate and relocate its assembly, paint and testing operations from Illinois and South Carolina to Seguin. The facility will provide engines for Caterpillar machines and electric power generation, as well as petroleum, marine, and industrial customers.
And this occurs even as Caterpillar prepares for the indefinite closure of another facility in Mossville, IL.
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.