From WisBusiness.com …
— Two companies that stage materials for the assembly line at GM’s Janesville plant have notified the state about a total of 187 layoffs planned for Dec. 23.
LSI provided notice to DWD detailing the permanent layoff of 159 workers and Flint Services announced 28 layoffs.
— RedPrairie Corp. has decided to move its headquarters to Delafield, rather than downtown Milwaukee.
The growing consumer-driven optimization company, which has been leasing space along Interstate 94 in the Town of Brookfield, had been discussing a move with officials from the City of Milwaukee over the past few years.
Instead, the company announced plans Tuesday to move to a new Delafield technology park, in partnership with RP Technology Development Group LLC.
See more from Milwaukee’s Small Business Times:
— Today at 10 a.m. Northwestern Mutual President and CEO Edward J. Zore will join Gov. Jim Doyle, Franklin Mayor Tom Taylor and company employees for a ribbon-cutting ceremony to mark the completion of a facility expansion project at its corporate campus in Franklin.
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More GM-Janesville suppliers to shut down : More suppliers to the General Motors plant in Janesville are planning mass layoffs Dec. 23 – the same day GM is ending production of sports utility vehicles there. LSI in Janesville told the state Department of Workforce Development on Tuesday it will lay off 159 workers and stop operations. Flint Services of Janesville said it will close its operation and lay off 28 workers.
Papermaker Appleton, union agree to three-year deal: Papermaker Appleton and Local 2-469 of the United Steelworkers have endorsed a new three-year labor agreement. About 675 employees will be affected at the company’s city facilities. Employees continued to work despite a rejection last month of the pending contract. The former contract expired Aug. 31.
Wisconsin venture investments slow: Wisconsin companies raised less than $7 million in venture capital during the third quarter, the smallest amount pulled in by the state since the second quarter of 2007. Wisconsin’s decline comes during a nationwide downturn in venture capital investment. Venture capitalists invested $7.1 billion in U.S. companies during the third quarter, down 7 percent from $7.7 billion during the same period in 2007, according to a survey from MoneyTree. The report is compiled by PricewaterhouseCoopers and the National Venture Capital Association, using data from Thomson Reuters.
Midwest Airlines weekday flight to Milwaukee restored: After a few months of flight cutbacks, Austin Straubel International Airport is restoring a weekday flight to Milwaukee. Midwest Airlines announced the restoration of a third daily flight to Milwaukee that was suspended last month as carriers across the country pared flight schedules in a turbulent industry that has been hampered by sky-high fuel prices.
WISBUSINESS FEATURED COLUMNISTS
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– TOM BURZINSKI: IT executive and consultant
TECHNOLOGY (back to top)
– Preparing for careers in the 21st century
– Twin Disc profits plunge
– ZBB inks sales pact for Australia, New Zealand markets
LABOR (back to top)
– Job protection gets critical
– Manpower reports $43.2M loss
– Foley hires former Heller Ehrman attorneys
SMALL BUSINESS (back to top)
– Appleton nightclub opens with new name, personality
– Cost prohibits small businesses from offering health benefits
INVESTING (back to top)
– More investors encouraging entrepreneurial development
– Stocks’ wild ride: Volatility shows fear’s role in market
REAL ESTATE (back to top)
– $72 million justice center proposal vote looms large Nov. 4 for Stevens Point
– Waupun multi-use development project continues to move forward
– Oshkosh Plan Commission zoning change could add mandatory trees to new subdivsions
– A tale of two cities’ TIFs
– Madison: City poised to shift development support to projects that would generate jobs
– RedPrairie would anchor Delafield business park
– Judge rejects appointing receiver for Bayshore entertainment complex
– Homebuilder falls behind on payments to contractors, suppliers
AGRIBUSINESS (back to top)
– Feds declare Wis. counties ag disasters
– Some state crops in good shape, others not
TRANSPORTATION (back to top)
– Obama writes letter to Midwest Airlines
– Midwest Airlines weekday flight to Milwaukee restored
– Marten Transport doubles 3Q profit
RETAIL (back to top)
– Sales predictions fill retailers with dread
– Movie, new stores boost American Girl sales
REGULATION (back to top)
– Drinking laws may toughen
– Weston town board approves asphalt plant
UTILITIES (back to top)
– WPS scholarships now available
HEALTH CARE (back to top)
– Mental health center gets proposed name
FINANCIAL SERVICES (back to top)
– Profits take a hit at U.S. Bancorp
– National City posts 3Q loss of $729 million; will cut 4,000 jobs
MANAGEMENT (back to top)
– Business Summit leader urges audience to plan ahead in filling critical positions, including CEO
– Randy Rose to speak at St. Norbert
– Marquette leader reaches out
– Grundhofer gets American Banker Lifetime Achievement award
BUSINESS COLUMNS (back to top)
– Tanette Johnson Elie: Networking vital even in bad times
National Business Roundups ( back to top)
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