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Kongsberg Automotive’s Easley plant to be closed
Category: Automobile / Transport
At KA’s Capital Markets Day in November 2016, Kongsberg Automotive outlined it’s plan for improving its performance. This plan included closing down 6 plants, mainly within the Powertrain and Chassis products segment in Europe. True to this plan, KA has decided that the Easley plant in the US will be closed, and that operations at […]
Source: Automotive World
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Republican Overseas Action will take the fight against FATCA to the Supreme Court
Category: Accounting / Financial
Republicans Overseas Action, Inc. (ROA) will take the fight against FATCA (Foreign Account Tax Compliance Act) to the United States Supreme Court after the 6th Circuit Court affirmed the lower district court’s ruling that none of the plaintiffs in the Crawford et al. vs. US Department of Treasury lawsuit was suffering harm as a result […]
Source: Republican Overseas
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The World’s Productivity 2017
Category: Culture / Lifestyle
Maybe no surprise here, but when it comes to worker productivity, the West is the best. And, really, it’s not even close, according to the latest chart from cost-estimating website HowMuch.net. As you can see below, the x-axis represents annual hours worked and the y-axis represents annual GDP per capita in U.S. dollars. Shades of blue […]
Source: Market Watch
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Norway most productive country in northern Europe
Category: Culture / Lifestyle
A report detailing productivity levels in over 35 countries says that Norway’s output per person has grown by 9 percent over the past year, despite the country having t one of the shortest working weeks. The second annual Global Productivity report, released by B2B marketplace Expert Market, reveals the workforces that bring the most back to the […]
Source: The Local
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6.8M US Jobs Directly supported by majority foreign-owned firms
Category: Financial / Investment
Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis. The statistics, which provide new data for 2015, as well as revised data for 2014, offer details on the activities of U.S. affiliates of foreign MNEs, including their employment and compensation, sales, value added, capital […]
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