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KBNW Business Briefs for 12/13/13



BEND, OR -- Rob Fincham has joined the Family Access Network Foundation Board.  Fincham moved to Bend in 1961, and is currently a Financial Advisor.  He recently completed a four-year term on a national Advisory Board when the opportunity to champion FAN presented itself.

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The Jefferson and Crook County Bar Association will present free Wills for Heroes Friday.  Local lawyers will provide free basic wills, power of attorneys and Oregon Advance Medical Directives for law enforcement, first responders, veterans and vet spouses.  Friday event runs from 10 a.m. to 4 p.m. at 105 SW Beaver St. in Prineville.

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Home Depot is expected to met their goal of a 12% profit margin by the end of 2014, one year earlier than expected.  The nation’s largest home improvement store has two locations in Central Oregon.

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The Precision Castparts will close the Aerostructures plant in Prescott, AZ in early February.  Eighty jobs will reportedly be eliminated with the plant closure.  Officials with Portland-based Precision Castparts declined comment on the reason for the shutdown.  The former Fortner Aerospace plant in Prescott was bought last year by Precision Castparts, which makes airfoil castings for aircraft engines and industrial gas turbines.

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Boeing on Thursday presented what it called a final counterproposal to the Machinists union in negotiations to keep much of the work on a new 777X jet in the Puget Sound region. Union leaders rejected it, saying "the price was too high."  The Machinists last month rejected a proposed eight-year contract for the 777X work, in part because it would have replaced workers' traditional defined-benefit pension with a defined-contribution savings plan.

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Ford Motor Company says it will hire more than 11,000 people in the U.S. and Asia next year to support an aggressive rollout of new vehicles.  Joe Hinrichs, Ford's president of the Americas, said the company plans to hire 5,000 workers in the U.S., including 3,300 white-collar staff like engineers, and 6,000 workers in Asia.  Many of those hires will work at two new plants that are opening in China.  Company officials said this will be the most people Ford has hired in one year since 2000.


If you see local news happen, call the Horizon Broadcasting Group News Tip Hotline at 541-323-NEWS, or email us.

Filed Under :  
Topics : Labor
Social :
Locations : ArizonaCentral OregonPortlandPrescottPrineville
People : Joe HinrichsRob Fincham
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