Skip to primary navigation Skip to main content

National Grid girds for cuts, Moog's profits off to a "flying start," and Chef's serves up a drive-through

From Business Today:

National Grid says it is preparing to cut 1,200 jobs in the United States, but the answer to the big question on local minds -- how many of those cuts will happen in Western New York -- is not yet known. The company says the nonunion job cuts will affect about one of every five management and administrative employees Natgrid across its U.S. operations. National Grid has about 900 employees in Western New York, including about 140 nonunion positions. Tom King, president of National Grid's U.S. operations, said the company's New York operations, especially those upstate, stand out for their "marked underperformance."

 

 

Moog beat analysts' forecasts in the first quarter with profits that soared by 55 percent in the first quarter of its fiscal year. The Elma-based maker of motion control equipment reported profits of 73 cents per share, easily surpassing analyst forecasts that averaged 63 cents per share. The company credited strong growth in aircraft and military sales.

Downtown staple Chef's restaurant has officially opened a drive-through window, serving up spaghetti and parm and other favorites for customers on the go.CHEF'S1  The idea was a couple of years in the making, as the restaurant obtained the necessary approvals and permits. The new window is part of a larger renovation and expansion of the entrance that includes a bar and lobby. Maybe now some local motorists can try out their skills:

 

 

 

-- Matt Glynn

 

 

 

Newer Entries »