Pittsburgh Business Times

Pittsburgh Business Times

Signaling an end to another piece of Pittsburgh’s steel industry past, DTE Energy Services announced last week that it will be closing the Shenango coke plant on Neville Island, putting 173 workers out of a job just before Christmas. The announcement came as a shock to union leaders, who were in the midst of negotiating for a new contract when it was made.

State Budget Stalemate Continues

Dec 21, 2015
David Amsler / Flickr

Amid hopes that the long overdue state budget would be completed this past weekend a tentative agreement has fallen apart. Capitol reporter Mary Wilson joins us with the latest on the state budget stalemate. 

  More Essential Pittsburgh segments can be heard here.      

What Does Macy's Closure Mean For Downtown Retail?

Jul 14, 2015
jpellgen / flickr

  Macy’s announced the closure of their downtown Pittsburgh store yesterday, surprising many residents and setting the stage for a discussion on the future of large brick-and-mortar retailers in the city.  Before yesterday’s announcement, Macy’s, which had once been home to Kaufmann’s department store, had already been gradually cutting back their selling space.  The Pittsburgh Business Times has covered the story and explored what a closure might mean for downtown retail.  Reporter Tim Schooley shares his thoughts on today’s show.

Heinz Cuts Employees After Investment Firm Acquisition

Aug 14, 2013
Alex Abboud / Flickr

Global ketchup manufacturer H.J. Heinz Company recently announced a layoff of 350 employees in the Pittsburgh region. This follows a $28 billion acquisition by investment consortium Berkshire Hathaway and their affiliate 3G Capital.

The company has not yet disclosed how much the layoffs will save them. Pittsburgh Business Times manufacturing reporter Justine Coyne says cutbacks are not unusual during an acquisition, but because of Heinz’s historic connection with the city, many locals are hurting.