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Manufacturing

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Principal Financial launches multiple-employer 401(k) plan for NAM

Principal Financial Group and HUB International LLC have partnered with the National Association of Manufacturers to introduce a multiple-employer 401(k) plan that will be available to NAM’s more than 14,000 member companies and associations. The Manufacturers …

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UAW members reject new agreement with John Deere

Des Moines Register: Members of the United Auto Workers overwhelmingly rejected a new six-year collective bargaining agreement with Deere & Co. on Sunday. UAW Vice President Chuck Browning said 90% of members voted against a contract …

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Jaffray stepping down as United Fire Group CFO

Corridor Business Journal: Dawn Jaffray has announced her resignation as executive vice president and chief financial officer of United Fire Group. Officials at the Cedar Rapids insurance company confirmed the announcement Monday. Jaffray’s departure is effective …

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UAW, Deere announce tentative six-year labor agreement

Des Moines Register: The United Auto Workers and Deere & Co. have reached a new, tentative six-year-collective bargaining agreement, the union announced this afternoon. The union, which represents thousands of workers in Deere’s Iowa facilities, including …

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A look at products being made in Iowa for global users

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Automation, innovation and sustainability

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HNI downgrades profit expectations amid worker, supply shortage

Des Moines Register: Executives at furniture manufacturer HNI Corp. said they couldn’t hire enough workers or get enough supplies at a low enough price this summer, leading the company to earn less money than leaders hoped. …

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Collins Aerospace owner to require COVID vaccines for all U.S. employees

Cedar Rapids Gazette: Raytheon Technologies, the parent company of Cedar Rapids’ largest employer, Collins Aerospace, will require all U.S. employees to be vaccinated, the company said. With about 9,000 employees in Cedar Rapids and Coralville, Collins …

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NOTEBOOK – ONE GOOD READ: Chip shortage drives tech companies and car makers closer

In times of trouble all kinds of unique partnerships take shape, like the relationship we’re seeing now between automotive and semiconductor companies. The Wall Street Journal reports the two industries are bonding over the shortage, looking for …

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Answers to driver shortages found in expanded recruitment, regulatory change

The trucking industry is facing driver shortages that are expected to grow to being more than one million drivers short in the next decade if it doesn’t do more to improve recruiting and working conditions, …