Earlier this month, Wisconsin Governor Scott Walker scored a major victory when a federal appeals court upheld a state law.
Workforce + Talent
Boston Scientific said Tuesday that its fourth-quarter earnings fell 44 percent—and that it will eliminate 900 to 1,000 positions this year in addition to previously announced cuts.
Pinnacle Airlines, a regional carrier for Delta Air Lines, is moving to Minnesota and has been offered a $550,000 loan from the state, which will be forgiven if the company brings at least 200 jobs to the Twin Cities.
Access America Transport, which was recognized by Inc. magazine as one of the country’s fastest-growing private companies, plans to add 500 Twin Cities jobs during the next five years.
The February 20 event, called Google for Entrepreneurs Day, will feature workshops led by Google experts.
3M is eliminating 300 jobs as it merges its securities systems division with its traffic safety systems division.
Minnesota employers added 9,100 jobs last month following strong job growth in November.
The local positions include 104 financial representatives and 202 financial representative interns, and those hired to fill them will work out of one of two Twin Cities offices.
Union President Michelle Sommers said “a lot of [members] feel that the way things have gone everywhere else in the country, it wasn’t a bad deal overall.”
Imperial Plastics reportedly plans to build a 69,120-square-foot facility in Mankato, where it intends to employ 125 people.
The state’s unemployment rate fell 0.2 percent as Minnesota employers added 10,800 jobs in November; the trade, transportation, and utilities sector—which includes the retail industry—added the most jobs during the month.
Korn/Ferry International said it will pay between $80 million and $95 million to acquire Minneapolis-based PDI Ninth House, a provider of talent management and leadership development solutions.
The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
The company said “there is no formal targeted breakdown” for layoffs by state; it plans to reduce its work force through job cuts, by hiring fewer contractors, and through natural attrition.
The union representing American Crystal Sugar’s locked-out workers said that 55 percent of voting workers rejected the company’s offer—the same offer that Crystal Sugar has extended three other times.
Steven Spiegel will replace Brent Moen, who has held the top financial post at Regis for less than two years.
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