VW, Kia plants to create jobs
Plant construction, production to create jobs, stimulate economy
According to a report in the Chattanooga Times Free Press , the Chattanooga area will see nearly 10,000 construction and spinoff jobs during the construction of Volkswagen’s new auto assembly plant, which is expected to take a couple of years.
The report cites an economic study by the University of Tennessee , which projects that the construction of the $1 billion facility will inject more than $333 million in personal income growth into the economy of the region during the construction period, which is to begin Nov. 2008.
Production is slated to begin at the VW plant in late 2010. The opening of this plant, along with the Kia plant, which is under construction in West Point, GA, obviously increases employment for auto workers.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey