Major company news has been winding down as we approach New Year's, but reports of major metal theft from Motion Industries as well as further divestments from General Electric got a lot of attention this week on ID.
Here's this week's Top 5
A Texas Man Stole Nearly 12 Tons Of Metal From Motion Industries: Multiple reports from earlier this month say that a former Motion Industries office manager is accused of stealing nearly 12 tons of metal from the company, and then selling it as scrap, with the company losing more than $125,000 as a result.
GE To Sell Two Industrial Units; Expand Additive Mfg. Investment: In a presentation for financial analysts, GE said it plans to sell its Industrial Solutions business, which supplies equipment to the electrical distribution and grid industries, as well as the previously announced sale of its as its GE Water business, and has launched an additive manufacturing business initiative.
Grainger U.S. Sales Fall Another 3% In November: November marked the ninth month of out 11 so far in 2016 that the company had a year-over-year decline in U.S. sales. Canada sales declined another 17 percent as well.
What To Do When The Supplier Slips Up: Even though most distributors have taken advantage of new technologies that help streamline ordering and minimize errors, mistakes can and do happen. Here are some simple steps to take when it does.
Report - Lost Manufacturing Jobs May Never Return: The Wall Street Journal's monthly survey of economists says that while the U.S. will add about 50,000 manufacturing jobs by the end of 2019, the pace is far too slow to replace what has been lost over the past three decades. ID contributing editor Jack Keough discusses.
