LARRY DAVIS’S INTERVIEW BY CNN MONEY
NEW YORK (CNNMoney) — Northeast Indiana has a peculiar problem.
There are hundreds of factory jobs ready for the taking as the area’s manufacturing sector has come back to life after the recession.
But even with an unemployment rate as high as the national average, companies are struggling to hire workers.
This situation is top of mind for Larry Davis, CEO of Daman Manifolds in Mishawaka. The company, which makes hydraulic valve manifolds, has 115 employees.
Industry demand has boosted Daman Manifolds’ business significantly. “We need to hire 10 more workers in the next six months,” Davis said.
His challenge: “I’ll have to go through 500 applicants just to get the 10 that I need. And there’s no guarantee that those 10 hires will work out.
The longer it takes him to hire new workers, the greater the risk Davis could start losing business.
Read more at CNNMoney.com