04/28/2024

News

Aerojet to eliminate 1,100 jobs, cease manufacturing, in Rancho Cordova

Rancho Cordova’s role as a hub of the aerospace industry will soon end. Aerojet Rocketdyne Inc. Monday said it will eliminate 1,100 of its 1,400 local jobs over the next two and a half years, and will shut down manufacturing operations. Aerojet Rocketdyne said plans to consolidate its California-based Sacramento and Vernon operations and Gainesville, Va., sites while centralizing and expanding its existing presence in Huntsville, Ala. with a new state-of-the-art manufacturing facility.

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Faraday Future scraps plans for California auto assembly plant

The company said Monday that it’s ending negotiations with the Bay Area city of Vallejo to buy land for an automobile assembly plant.

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Company offering employees $10,000 to leave Bay Area

However, all those perks come with a price and Bay Area cities have become some of the most expensive places to live in the country. Foster thinks many people would like to leave the area in search of a better quality of life, but don’t want to sacrifice potential career opportunities. . . To combat the problem, Zapier, a workflow automation startup that helps users to connect apps, is offering $10,000 to Bay Area residents who accept a position with the company and agree to move away. All of the company’s employees work remotely.

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Software Company Moves Headquarters Out of California

Xero, a company that makes accounting software for small businesses, this month moved its U.S. headquarters from San Francisco to Denver. . . chief executive Rod Drury expects that will expand to ‘a few hundred’ as he tries to build a mass of people in a more affordable city than San Francisco, where its U.S. leadership team has previously been based. Drury said San Francisco was a ‘great place to get started’ and the first port of call to raise capital, but as the company moves into an ‘operational phase’ he had to weigh up whether to stay in that city or move.”

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Nestlé to move U.S. headquarters to Arlington, bringing 750 jobs

The company’s current U.S. headquarters is in Glendale, Calif., where it has come under fire in recent years for bottling water during the state’s record multi-year drought. In 2015, Nestlé — which has nine brands of water, including Arrowhead — removed 36 million gallons of water from a natural forest in California to bottle and sell, prompting public criticism and at least one lawsuit.

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Aerojet Rocketdyne chooses Alabama as assembly site for new rocket engine

Rocket engine manufacturer Aerojet Rocketdyne has chosen Huntsville, Ala., as its final assembly site for the new AR1 rocket engine, creating 100 new jobs in the area.

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To Business Owners: Keep a Low Profile When Leaving California

Saltsman wrote: “Despite the challenges of doing business in California, Salem (unlike some of his competitors) is still committed to making his products domestically. ‘I’m an American – I want this country to do well, to succeed….’ He told me he’s not opposed to raising wages – but that the entire burden can’t rest on small business owners. ‘I need the government to meet me halfway. In California, unfortunately, that kind of compromise doesn’t exist.’”

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Exclusive: Sweeping PG&E layoffs include jobs being off-shored to India

A restructuring plan from PG&E to cut 450 jobs and end relationships with 800 contract workers also includes sending at least 70 of those jobs to India — with the workers who formerly performed those roles required to train their overseas replacements.

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​Tesla to invest additional $350 million in its Nevada Gigafactory

The investment will bring electric motor and gearbox component production lines for the Model 3 to the Reno-based facility, Nevada Gov. Brian Sandoval said Tuesday during his State of the State speech, per Fortune. The move will add 550 new jobs at the Gigafactory.

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Carl’s Jr. nears the end of an era as parent company, CKE, begins California exit

Carpinteria-based CKE, which also owns St. Louis-based Hardee’s, is consolidating both offices in Tennessee, which will be home to 120 corporate employees. Of those, 54 are new hires, which was necessary as 51 employees, including 24 working in Carpinteria, opted not to relocate, CKE said.

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Maker of electric vehicle components sets up in West Sacramento

“A Japanese company that manufactures components for electric vehicles is setting up its U.S. headquarters and first U.S. manufacturing facility in West Sacramento. Mikuni Color Ltd., which also produces synthetic organic industrial dispersion ink, has moved into 21,000 square feet at Riverside Commerce Center.”

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High Times Magazine Moving From New York To Los Angeles

“High Times, the magazine that for decades has chronicled the culture and business of marijuana, is moving its operations from New York to Los Angeles, according to reports. The passage of Proposition 64 in November, which legalized the recreational consumption of marijuana in California, would appear to be a factor in the move.”

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American Apparel starts laying off 2,400 workers in Southern California

For its part, Gildan said it has yet to decide where to make American Apparel goods. The company makes the bulk of its products in manufacturing hubs in Central America and the Caribbean. Although it has some production sites in the U.S., the only finished goods made here are socks.

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American Apparel is sold at auction to Canada’s Gildan Activewear

For years, American Apparel proudly touted its “Made in Los Angeles” motto. With its sale Tuesday to a Canadian sportswear firm, neither American Apparel’s name nor its motto will ring so true. . . Gildan, which said it will buy American Apparel’s inventory in a separate deal, will now move most, if not all, production to its manufacturing hubs in Central America and the Caribbean, analysts said. With minimum wage going up in the state, a company like Gildan would view manufacturing in L.A. as more of a liability than an asset.

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Apple seeks to expand manufacturing in Arizona

Apple has requested to make finished products in its facility in Mesa, Arizona, according to the document, first reported by Business Insider. Right now, it has permissions to make consumer electronics components there, the filing said.

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