Precision Castparts sales up

| Print |  Email
Must Reads
Friday, August 09, 2013

Precision Castparts sales hit almost $2.4 billion this quarter, though the manufacturer lost about $12 million due to union organizing.

On June 7, Precision workers voted 1,258 to 932 not to unionize in Oregon's biggest such private-sector election in more than 30 years. More than 2,300 employees of Oregon's only Fortune 500 company besides Nike were eligible to vote. The campaign by the International Association of Machinists and Aerospace workers apparently disrupted operations in the factories, where managers held meetings to persuade workers to vote against unionization.

"Aerospace sales were flat from the prior year as commercial aircraft production rates continue to drive steady demand for airframe and engine components," the company said in a quarterly filing. "However, growth was deferred due to the impact of union-organizing activity at our Portland locations, which negatively impacted aerospace sales by approximately $12 million."

Read more at OregonLive.com.

 

More Articles

European Vacation

Guest Blog
Thursday, April 23, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

There are winners and losers with a strengthening U.S. dollar.


Read more...

5 highlights from the Angel Oregon Showcase

The Latest
Thursday, April 23, 2015
IMG 5069BY JACOB PALMER | DIGITAL NEWS EDITOR

The entrepreneurial spirit was alive and well at the Oregon Angel showcase, an annual event for angel investors and early stage entrepreneurs.


Read more...

Make the Case

May 2015
Monday, April 27, 2015

10 briefcases that mean business.


Read more...

Change at the pump?

The Latest
Tuesday, May 26, 2015
001thumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.


Read more...

The ancient fish that stops bullets

The Latest
Friday, May 08, 2015
hagfishthumbBY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN

Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.


Read more...

5 questions for Flywheel CEO Rakesh Mathur

The Latest
Wednesday, April 29, 2015
FW splashBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland is awash in rideshare options. We ask the head of Flywheel what sets his app apart.


Read more...

Celestial Eats

May 2015
Monday, April 27, 2015
BY JACOB PALMER AND EILEEN GARVIN

A power lunch at Solstice Wood Fire Cafe & Bar.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS