From the Department of Labor:
Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.
The Labor Department said Friday that employment costs rose by 1.8 percent for the 12 months ending in June, the smallest annual gain on records that go back to 1982. The department said that for the April-June quarter, its Employment Cost Index rose by just 0.4 percent, just slightly above the 0.3 percent rise in the first quarter, which had been the smallest quarterly gain on record.
I, personally, believe this recession is not nearly over, despite what the main stream media has to say about it.
Friday, July 31, 2009
Friday, July 3, 2009
Rumors of Ingersoll-Rand Athens, Pa Plant Closing
Once again, there are rumors circulating throughout the Valley that the Athens, PA Ingersoll-Rand plant is going to completely shut its doors. Every few years this rumor seems to pop up. But this time around, there's more to the story.
As detailed in a recent Morning Times article, there are approximately 174 people employed at the Athens, PA plant. Compare this to the plant's heyday in 1967 when 1800 people were employed at the plant.
According to an anonymous source inside the plant, 110 employees were let go since the beginning of 2009.
I would still bet against the plant closing, especially given the almost yearly rumors of a shut down. However, if you're an employee there and have a possible work injury that has not been officially accepted by IR's workers' compensation insurance company, now is the time to get it done. I have blogged about this before with regard to being laid off while on light duty work restrictions due to a work related injury. If so, you should be automatically put back on total disability and receive your full disability rate. However, this will not happen if your claim has not been officially accept.
As for comment by corporate headquarters on the possible plant closing:
As detailed in a recent Morning Times article, there are approximately 174 people employed at the Athens, PA plant. Compare this to the plant's heyday in 1967 when 1800 people were employed at the plant.
According to an anonymous source inside the plant, 110 employees were let go since the beginning of 2009.
I would still bet against the plant closing, especially given the almost yearly rumors of a shut down. However, if you're an employee there and have a possible work injury that has not been officially accepted by IR's workers' compensation insurance company, now is the time to get it done. I have blogged about this before with regard to being laid off while on light duty work restrictions due to a work related injury. If so, you should be automatically put back on total disability and receive your full disability rate. However, this will not happen if your claim has not been officially accept.
As for comment by corporate headquarters on the possible plant closing:
“We don’t ever comment on anything in the future,” said Susan Jaramillo, director of communication for the corporate headquarters."
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