Our VP of Operations Fernando Torres reflects on the resurgence in manufacturing jobs

Hot off the press! Greene Tweed’s VP of Operations was featured in the New York Times (NYT) and Fox Business. He gave great insights into the US manufacturing rebound and explained how companies are attracting skilled workers, they need to meet increased demand for their products.

The NYT article titled ‘Factory Jobs are Booming like it’s the 1970s’ featured Torres along with Treasury Secretary Janet Yellen, National Association of Manufacturers chief economist Chad Moutray, BTE Technologies president Chuck Wetherington, Syracuse University professor emeritus of economics Mary Lovely, Progressive Policy Institute vice president of trade and global markets Ed Gresser, and National Economic Council director Brian Deese.

Torres explained how Greene Tweed has become more flexible to attract new workers and offer more attractive salaries and benefits. “He has been looking for employees with different backgrounds that the company can train to develop the skills to fill open jobs and said that it has been hard to retain staff because competitors are aggressively trying to lure them away,” the paper wrote. “We are looking for lots of employees. We are not looking at slowing down,” he said as he noted that Greene Tweed did not plan to give up, considering the demand for our company’s products.”

The Fox Business article, focused on the National Association of Manufacturer’s (NAM) blueprint featuring immediate solutions for bolstering manufacturers’ competitiveness, noted that manufacturers need research and development (R&D) tax credit, the ability to expense R&D, and capital investments and business interest deductions. It went on to point out that “one area in which the NAM has called for elected leaders to take action is workforce development.” Torres, along with BTE Technology’s Wetherington, said manufacturers have been working to “upskill” existing workers and attract new ones, according to Fox Business.

Click on the links below to read the articles:

nytimes.com/2022/09/26/business/factory-jobs-workers-rebound.html

foxbusiness.com/politics/us-manufacturers-call-action-ahead-midterm-elections.amp