The planned reduction “refers to both white-collar and blue-collar employees, as well as temporary staff.”
NEWS BRIEFS
August 22
11:19
2019
The sales volume of the companies outside Germany rose by 6.3%, with its Southern European companies posting the highest growth rates at 11.8%. In Germany, Würth sales grew 3.6%.
August 22
10:19
2019
The 2019 Fastener Exhibition & Conference in the UK will be September 11-12, 2019, at the NEC in Birmingham, UK.
August 22
10:07
2019
Barbarotto International Machinery has supplied new and used fastener machinery since 1981.
August 20
21:00
2019
The course purpose is to provide an understanding of cold forging and its design for manufacturing cold formed parts.
August 20
11:15
2019
Matthias Sckuhr, 51, succeeds Mathias Hüttenrauch, who had been CEO since 2012.
August 20
10:27
2019
“Being good stewards of global sustainability is a rising priority not only for our organization, but for our customers around the world,” said Matthew Miller, director of environmental, health & safety for North America.
August 19
14:54
2019
“The quarterly price release strategy does not adequately reflect market changes over time, including the changes in major steelmaking raw material prices and the impact of international macroeconomic developments,” Mysteel.com reports.
August 19
12:12
2019
Digitizing sales is the topic of a National Association of Wholesaler-Distributors program to assist distributors in developing social selling practices.
August 13
17:58
2019
Agresto and Vattis will remain active at Illinois-based Delta “for a period of time, assuring dependable and ongoing customer service that you have come to expect.”
August 13
17:58
2019
On August 13, the Trump administration delayed imposing a 10% import tariff on electronics and other consumer goods, Reuters reports. The administration is still moving forward with 10% tariffs on much of the $300 billion of Chinese imports, including all iron and steel nuts (HTS subheading 7318.16.00) imported from China.
August 09
15:58
2019
SC Fastening has been a part of the Derby’s supply chain since 1999 by packaging fasteners and other hardware kits used to assemble and modify race cars.
August 08
16:01
2019
Ongoing trade disputes and higher steel prices from tariffs cause double-digit declines in sales and profit.
August 06
21:02
2019
Arconic said it remains on track to separate its portfolio businesses by the fourth quarter of 2019, with EP&S (engine components, fastening systems, and engineered structures) and forged aluminum wheels to be named Howmet Aerospace Inc.
August 05
14:58
2019
1Shot Steel Stud Anchors announced partnerships with Pacific Warehouse Sales, R.L. English Co., Smith Associates Group, and Atlas Industry Marketing.
August 02
15:56
2019
“Our Q2 financial results were in part impacted by Section 232 steel tariffs and overall weaker demand in our end markets,” stated CEO Dale MacLean.
August 01
11:55
2019
Mathias Hüttenrauch will leave by September 1 “to explore his new career development.”
July 31
16:44
2019
“Steady demand levels for fastener products and improved production throughput” drive gains in sales and profit.
July 31
16:44
2019
GlobalFastenerNews.com has reported on more than 15 acquisitions in recent months. With the U.S. economy still growing, more are sure to follow before the year is over.
July 30
18:46
2019
Fairmont Supply acquired Utah-based fastener distributor THB in 2018.
