• WisBusiness

WisBusiness: Join the Free Tuesday Trends Mailing List
11/21/2006

Below is an excerpt from the most recent edition of WisBusiness Tuesday Trends, a WisBusiness product previously available only to paid subscribers.

This weekly look at the state of Wisconsin business is now available for free to anyone who signs up for the Tuesday Trends mailing list.

To get the full version of Tuesday Trends in your inbox every week, sign up now for the free mailing list. (If the preceding link does not work for you, simply send an e-mail to trends@wisbusiness.com with "Subscribe to trends" in the subject line.)

WisBusiness also publishes a summary of state business news sent to paid subscribers every weekday.

Sign up for a free two-week trial of WisBusiness subscriber products.
WisBusiness Tuesday Trends
November 21, 2006

By Brian E. Clark

RISING

Wisconsin Rapids

In a nod to the Badger State’s prowess in growing cranberries, Ocean Spray has announced plans to build a 100,000-square-foot, $50 million plant in Wisconsin Rapids. The facility, which will produce sweetened and dried "craisins," could bring 50 new jobs by the summer of 2008.

Francis Podvin, Ocean Spray board chairman, said the decision to build in Wisconsin Rapids was easy. “You locate the plant where the product is,” he said. Company officials said if a second plant is added, the city could see another few jobs.

MIXED

Harley-Davidson

A lot of workers weren’t happy about it, but members of the Steelworkers’ Union at Harley-Davidson have accepted a contract revision that should bring a new, $120 million plant and more than 100 new jobs. The vote was 943 to 536. In an earlier vote, the members rejected the deal by a 3-1 margin and many employees said the cuts were unnecessary because Harley is projected to make a profit of $1 billion this year.

The company improved the contract slightly after the first vote, but workers will still have to pay more for benefits. Though the contract does not lower current employees’ pay, workers were not happy that new hires will earn about $20 an hour, some $7 an hour less than current workers receive. Harley shares closed Monday at $73.34, down from the 52-week high of $7.45.

FALLING

New Holstein

The Tecumseh Power Co. plant that makes small engines in New Holstein will close by March 31 and result in the layoffs of nearly 340 employees. The factory makes engines for lawn mowers, snow blowers and generators.

The move follows an announcement in October that Tecumseh would lay off 282 of the engine plant’s 550 employees, and that more layoffs were possible. The plant, which had been Calumet County’s largest employer before layoffs in recent years, employed 1,500 people as recently as six years ago. It has operated in New Holstein since 1956. Tecumseh shares closed Monday at $15.60, down from a 52-week high of $22.53.


Written exclusively for subscribers. Tuesday Trends is Copyright © 2006.



ADVERTISEMENT
ADVERTISEMENT

wisbusiness.com Social News

Follow Us

Site Sponsors

Copyright ©2017 WisBusiness.com All rights reserved. | WisOpinion.com | WisPolitics.com  |  Website development by wisnet.com LLC  | Website design by Makiní Hey Communications