Metso Power to build Lancaster facility
LANCASTER -- Metso Power announced Tuesday it will build a service center in the Lancaster Business Park in Lancaster.
The 100,000-square-foot facility to be located on 21.5 acres is designed to expand. The new boiler service center is expected to be operational by the end of the second quarter 2008 and will employ 50 people initially, the company said.
In addition, Metso Power is expanding its existing Fairmont Service Center with a new machining center in West Virginia. The current center employs about 50 people.
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Metso Power, with U.S. headquarters in Charlotte, is a leader in fluidized bed combustion of biomass, coal and other fuels to power plants and a global leader in chemical recovery systems to pulp and paper mills.
Winthrop small business seminars resume Monday
The Small Business Development Center at Winthrop University will kick off its "How to Start a Small Business" seminar series at 6 p.m. Monday.
Anyone interested in starting a business is encouraged to attend the free program. The seminar will provide basic information needed to start a small business, including how to write a business plan and apply for financing.
The program will be offered monthly on the following days: Feb. 11, March 10, April 21, May 12 and June 9.
The center is located in 118 Thurmond Building. Hours are 8 a.m. to 5:30 p.m. Mondays through Fridays. For details, visit cba.winthrop.edu/sbdc or call the office at (803) 323-2283.
County chamber to host employment law seminar
The York County Regional Chamber of Commerce and Kennedy, Covington, Lobdell & Hickman, Attorneys at Law will co-host an Employment Law Seminar from 8:30 a.m. to noon Jan. 29 at the Piedmont Realtors Association office in downtown Rock Hill.
Topics will include criteria for temporary employees, the status of at-will employment in South Carolina, wage and hour land mines and recent amendments to the state's Workers Compensation Act.
The seminar will be presented by Beverly Carroll of Kennedy, Covington, Lobdell & Hickman. Carroll's information will include legal updates, written materials and discussions for human resource professionals, business owners and managers.
The $35 fee for chamber members and $45 fee for nonmembers includes printed materials and a continental breakfast.
For more information or to register, contact Trina Ricks at the chamber at 324-7500 or e-mail email@example.com.
Magnolia Inn accepted to state association
CHESTER -- Magnolia Inn Bed and Breakfast this week announced it has been accepted by the South Carolina Bed and Breakfast Association, joining fewer than 100 bed and breakfast inns across South Carolina that have met the association's rigid membership requirements.
Located at 120 Academy St., Magnolia Inn offers two large suites and one bedchamber. For more information, call (803) 581-5947 or visit www.magnoliainnchester.com.
Avon announces 2,400 job cuts in restructuring
NEW YORK -- Avon Products on Tuesday said it will cut 2,400 jobs as part of its multiyear restructuring plan, which will cost more than originally expected and ultimately save the beauty-products maker $430 million annually.
Avon unveiled its restructuring program in Nov. 2005. It involved steep job cuts, the elimination of management layers and the realignment of manufacturing centers and outsourcing work to countries with cheaper labor costs.
Publisher McGraw-Hill to cut more than 600 jobs
NEW YORK -- McGraw-Hill, a major educational publisher that also owns the Standard & Poor's credit ratings agency and BusinessWeek magazine, said Tuesday it is cutting more than 600 jobs, resulting in a fourth-quarter charge of $43.7 million.
The 611 job cuts will come across the company's divisions and will reduce its after-tax earnings by 8 cents per share, the company said in a statement. About half of the job cuts will come in its education division.
McGraw-Hill attributed the cuts in its financial services division to current business conditions, which were affecting both the credit ratings services and other businesses of Standard & Poor's.