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Article: Week In Review
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- June 10, 2001
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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WEEK IN REVIEW
Sunday, June 10, 2001
Economy having severe effect on Rockwell
Rockwell International Corp. said an economic downturn as severe
as any recession in 20 years led the company to trim 1,000 jobs,
close plants and take a $50 million charge.
"People keep talking about we don't have a recession going on,"
said Don Davis, chairman and chief executive officer of the Milwaukee
corporation. "As measured by GDP, maybe that is true. But I'll tell
you one thing: It does not apply to the manufacturing sector of this
economy."
Strattec workers hit the picket lines
About 480 workers at Strattec Security Corp. in Glendale went on
strike Thursday.
As workers picketed outside, salaried employees ...