Fifth Third Bank to lay off undisclosed number of employees

Published: Friday, June 22, 2018 @ 9:38 AM

In 2016, Fifth Third Bank had nearly 50 branches and 700 employees in the Dayton area. The stadium where the Dayton Dragons play is also named for the bank. THOMAS GNAU/STAFF
In 2016, Fifth Third Bank had nearly 50 branches and 700 employees in the Dayton area. The stadium where the Dayton Dragons play is also named for the bank. THOMAS GNAU/STAFF

Fifth Third Bancorp is cutting jobs in the region, bank officials are telling the media.

The company is not discussing the number of employee layoffs or how many are happening in the Dayton area.

No notice of layoffs appeared on the state’s “WARN” (Worker Adjustment and Retraining Notice Act) notice board as of early Friday. Typically, larger companies that lay off 50 or more employees within 30 days are required by law file a WARN notice with the state’s Department of Job and Family Services.

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A Fifth Third spokesman said Friday the bank needs to make “adjustments when there is not a good match-up between staffing, market demand and the operating environment.”

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“Fifth Third has long had an approach of managing staff carefully and making ongoing adjustments,” Fifth Third spokesman Larry Magnesen said in an email. “That has helped avoid large, broad-based reductions.”

The Cincinnati-based company is still hiring for certain critical skills, and has about 1,122 open positions. More than 500 of those openings are posted on our a Fifth Third recruiting web site.

“It’s worth noting that the bank’s total employment in greater Cincinnati of about 7,500 employees is up by 800 over the last five years or so (since year-end 2013),” Magnesen said.

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He added: “Clearly, staffing adjustments increase efficiency. That is a priority of the bank in order to invest in the capabilities in terms of expertise and technology to address our customers’ evolving needs.”

Fifth Third met its goal of closing some 105 branches by June 2016, Greg Carmichael, the bank’s president and chief executive, told this news outlet in August 2016.

At the time, the bank had 47 branches and about 700 employees in the Dayton market.

Fifth Third’s board elected Carmichael, a University of Dayton graduate, its chairman early in 2018.

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Trump talks up Air Force One design: ‘Top of the line.’

Published: Tuesday, July 17, 2018 @ 11:22 AM

This Air Force VC-25 Presidential aircraft flies practice approaches into Wright-Patterson Air Force Base in May. This aircraft is one of two VC-25s based on the Boeing 747 and is only referred to as Air Force One when the President is onboard. TY GREENLEES / STAFF
This Air Force VC-25 Presidential aircraft flies practice approaches into Wright-Patterson Air Force Base in May. This aircraft is one of two VC-25s based on the Boeing 747 and is only referred to as Air Force One when the President is onboard. TY GREENLEES / STAFF

President Donald Trump is talking up the planned re-design of Air Force One.

Trump told CBS Evening News anchor Jeff Glor recently that the new model of the presidential plane will be updated, both within and outside.

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“Boeing gave us a good deal. And we were able to take that,” CBS quoted Trump as saying. “But I said, ‘I wonder if we should use the same baby blue colors?’ And we’re not.”

In February this year, the White House and Boeing Co. reached a $3.9 billion informal deal to buy two Boeing 747-8 presidential airlifters.

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That deal was announced more than a year since Trump criticized the cost and threatened to cancel buying a newer version of the Boeing 747.

The program, managed at Wright-Patterson Air Force Base, is led by a two-star general and has about 100 employees in the Presidential Airlift Recapitalization Directorate at the Air Force Life Cycle Management Center headquarters.

Trump told CBS that the plane will get more patriotic hues.

“Red, white and blue,” Trump said. “Air Force One is going to be incredible. It’s gonna be the top of the line, the top in the world. And it’s gonna be red, white and blue, which I think is appropriate.”

Any plane carrying the president of the United States is referred to as “Air Force One,” but the name has long become a household moniker for the specific planes that are equipped to transport the commander-in-chief.

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Better contracts, ‘auto ID’ tech help CDO find its groove

Published: Tuesday, July 17, 2018 @ 8:19 AM

Al Wofford, founder and president of Riverside IT defense contractor CDO Technologies, says landing the right contracts has spurred the company to new growth. THOMAS GNAU/STAFF
Thomas Gnau/Staff
Al Wofford, founder and president of Riverside IT defense contractor CDO Technologies, says landing the right contracts has spurred the company to new growth. THOMAS GNAU/STAFF(Thomas Gnau/Staff)

Over the past 24 months, Dayton defense contractor CDO Technologies has seen significant growth.

The information technology and cyber-security company on Springfield Street has grown both its federal and commercial businesses and that’s a strategy Al Wofford, CDO founder and president, intends to keep pursuing.

CDO has “not quite tripled” its number of employees in the past four years. And it’s waiting on contract announcements that could take it to 400 workers by year’s end.

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“We downsized in 2013 to 2014, but now we’re back to probably 320 people,” Wofford said.

Most CDO employees work outside of Dayton, in 19 states, working on everything from “video walls” for an Army command center in Hawaii, Air Force customers in Rome, N.Y., to IT work for the Dayton Dragons.

CDO manages the IT infrastructure for the Air Force Reserve and others. It provides cloud and cyber-security services to Department of Defense clients, not necessarily at Wright-Patterson Air Force Base — which can be easily seen from the window of Wofford’s office — but around the country.

Many of CDO’s employees work for organizations that report back to Wright-Patterson.

CDO’s secret is really no secret. The company is landing more valuable, multiple-job contracts that keep it busier longer.

Contractors have an acronym for these contracts — ID/IQ or “indefinite delivery/indefinite quantity” jobs.

“We’ve developed strategic contracts with the Air Force and the Army,” Wofford said. “And what I mean by ‘strategic contracts’ are those contracts that allow us to execute multiple jobs.”

Land the right ID/IQs — and land enough of them — and you can “secure the growth,” he said.

The company is pursuing the same kinds of contracts with the Navy and the Defense Logistics Agency.

“The policies over the past several years have been small-business friendly,” Wofford said. “I hope the policies going forward stay that way.”

Another big part of the company’s growth: Helping customers keep track of their stuff.

That has meant offering RFID — radio frequency identification — and “auto ID” technology.

“‘Where’s my stuff’ and ‘how do I improve manufacturing’ are the questions answered by these (RFID) products – across all niches, such as manufacturing, services and hospitality,” said Robert Zielinski, CDO director of commercial solutions.

While CDO was born in Riverside in 1995 as a defense contractor, it has stepped into the commercial and education arenas. It has been located on Springfield Street for at least 12 years.

“CDO is helping companies around the world recognize value, and as a native Daytonian it is especially exciting to see greater Miami Valley companies deploy data capture and mobility technologies to improve business,” Zielinski added.

The Dayton area remains a good base for CDO, Wofford said.

“Family, cost of living, convenience to where I want to get to — Columbus, Cincinnati, Indianapolis,” he said. “The region is innovative, and innovation is what drives me.”

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Regional manufacturer plans $4M-plus expansion, 63 new jobs

Published: Tuesday, July 17, 2018 @ 10:36 AM

Crown Equipment Corp.’s New Bremen headquarters. STAFF/TY GREENLEES
Crown Equipment Corp.’s New Bremen headquarters. STAFF/TY GREENLEES

Forklift and equipment manufacturer Crown Equipment Corp. is planning a more than $4 million expansion at its New Knoxville facility, an application for a building permit indicates.

The expansion at 7587 Ohio 219 will cover 57,460 square feet and is valued at $4,061,037, according to a building permit application filed last month. The expansion is for a “new manufacturing addition.”

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The state of Ohio expects the project in Auglaize County expects to create 63 full-time positions by the year 2021, which will generate $2.5 million in new annual payroll.

Late last month, the Ohio Tax Credit Authority approved for the project a 1.309 percent tax credit for 6 years. The New Knoxville plant was one of two Crown facilities considered for the expansion, with the other site in Indiana.

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Based in New Bremen, Ohio, Crown Equipment designs and makes forklifts, material handling equipment and their components.

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Target offering special deals today after Amazon Prime Day

Published: Tuesday, July 17, 2018 @ 7:05 AM

Target Announces Promotions To Compete With Prime Day

Target Corp. wants to offer customers more deals after Prime Day.

Target’s one-day sale is for everybody — no membership required. On Tuesday, July 17 only, consumers can save big on dozens of deals across Target.comGuests who spend $100 or more will receive a free six-month membership for same-day delivery, shopped by Shipt.

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Other deals include:

  • 30 percent off Target-exclusive home brands
  • 25 percent off cookware, small appliances and floorcare
  • 25 percent off beauty and personal care
  • Sale on select top toy brands, including Disney Princess, Little Tikes and NERF
  • Spend $20, save $5 on books
  • 30 percent off Target-exclusive kids’ home brands
  • Up to 30 percent off top Google products, including Google Home, Chromecast and more
  • Up to 30 percent off Graco baby gear
  • Free shipping on next-day Target Restock delivery orders on July 17

The retailer also just expanded its “Drive Up” service to 200 additional stores across the Midwest and select other states. Now more than 800 Target stores in 25 states now offer curbside pickup. Nearly 1,000 Target stores will offer the service by the holidays, the company said.

“Drive Up has quickly become one of Target’s most popular pickup options thanks to its speed and convenience, with everything from home essentials to clothing to electronics orders brought out to cars within two minutes of when a guest pulls into the store parking lot,” the retailer stated.

The expansion to new markets will occur in August, the company said.

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