Boeing to create 5,000 jobs
The Associated Press
SEATTLE The Boeing Co. said Tuesday it will increase production of its new 777 jetliner to seven per month beginning next July and hire an additional 5,000 workers.
Boeing has repeatedly revised its production and employment forecasts this year with the airline industry in an upswing and demand for new planes increasing.
In a forecast in March, Boeing had expected production of the twinengine 777 to rise to 31/2 per month in the fourth quarter of this year and to five a month in the first half of 1997.
The company said the new hires were primarily related to increased 777 production next July. The workers were expected to be hired by the end of the year for a total 13,200 new jobs in '96.
The new jobs will be distributed
among several Boeing locations, with the bulk — 9,800 in Washington state. Boeing employed 105,180 worldwide on Jan.1. By the end of the year, its work force is expected to reach 118,350.
Boeing has estimated demand for new commercial jets at $1.1 trillion over the next 20 years. Boeing estimated airlines will need 15,900 new aircraft during that time, 900 more than it predicted last year.
KSU, Troy Design connect for new "clean-air" plant
The Associated Press
MANHATTAN—A plant that manufactures "clean-air" vehicles that use alternative fuel plans to start a partnership with Kansas State University.
Troy Design and Manufacturing, a Redford, Mich.-based company planned a ribbon-cutting Thursday at the new facility in this northeast Kansas town. The plant started production in May, and officials said it will
employ about 100 people by the end of the year.
TDM president William Roberts was scheduled to announce a program to work with Kansas State University, giving the school 50,000 square feet designed to link the automotive industry and education technology.
The plant produces Ford Contours that will run on both gasoline and compressed natural gas. It also has plans for electric vehicle development.
Bankruptcies and mergers
BOISE, Idaho - A bankruptcy judge in Delaware has approved Morrison Knudsen Corp.'s reorganization plan under which the engineering and construction company will merge with Washington Construction Group Inc. Under the reorganizinion plan and merger with the much-smaller Highland, Calif.-based Washington Construction, Morrison Knudsen's $360 million debt would be erased by giving creditors a major stake in the new company. The new company will have 10,000 employees.
NEW YORK — AccuStaff Inc. has agreed to buy Career Horizons Inc. in a stock swap worth about $1 billion, a
deal creating the nation's fourthlargest temporary staffing company. Staffing firms have been combining rapidly in an effort to lock up bigger national contracts as more companies rely on temporary workers to cut costs and add flexibility.
In a move sure to catch the attention of AT&T, MCI and Sprint, World-Com Inc. has agreed to buy MFS Communications Co. in a $14.4 billion deal that brings together local calling, long-distance and Internet access.
MFS WorldCom, as the combined company will be called, includes UUNet Technologies Inc., an Internet provider to businesses that MFS bought this month in a $2 billion deal of its own.
We could use some serious help.
We here at the University Daily Kansan are looking for eager little girls and boys to help us with our day-to-day activities. There are some openings for Account Executives that still haven't been filled. We also could use some production folk. If you have some gaps in your schedule and some gaps in your resume, call Karen Gersch or Healy Smart at 864-4358.
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