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Business news briefs — March 10

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LOCAL BUSINESS

Aldi sets job fair

Grocery retailer Aldi announced it will hold “hiring events” for “more than two dozen positions” for its stores in Summit, Cuyahoga, Medina and Lorain counties.

The events will be from 7 a.m. to 7 p.m. Wednesday, March 19. Locations are: 4221 Center Rd., Brunswick; 4692 Great Northern Blvd., North Olmsted, and 371 E. Aurora Rd., Macedonia.

Aldi said the positions are both full- and part-time, associates, shift managers and manager trainees. It said hourly wages would be $11.50 for associates, $16 when performing shift manager duty and $22.50 for manager trainees.

Part-time staff working at least 20 hours a week will receive health insurance, dental coverage and a 401(k) plan, Aldi said.

Chamber honors Proenza

University of Akron President Luis Proenza will be the 10th recipient of the H. Peter Burg Award at the Greater Akron Chamber’s 107th annual meeting on Thursday, March 20.

Burg is the late former CEO of FirstEnergy Corp.

Registrations for the Chamber event can be made online at www.greaterakronchamber.org or by calling 330-237-1254. Deadline is Thursday.

Goodyear ‘most admired’

Goodyear Tire & Rubber Co. is one of nine Ohio companies listed on the latest Fortune magazine’s “World’s Most Admired Companies” list. Akron-based Goodyear was the list’s top-rated motor vehicle parts company. The tire maker was cited for people management, use of assets, social responsibility, long-term investment and product/service quality. Other Ohio companies on the 2014 Fortune list are Procter & Gamble, American Electric Power, Andersons, Cintas, Kroger, L Brands, Macy’s and Parker Hannifin.

AUTO INDUSTRY

Honda structure changes

Honda made good on plans to focus more on the image of its Acura brand, setting it up as a division within the company for the first time with dedicated management, marketing and other resources. The first premium car brand will be known as the Acura Division starting April 1 and be led by U.S. Senior Vice President Mike Accavitti. The Honda Division will be led by Jeff Conrad, and both he and Accavitti will report to U.S. Executive Vice President John Mendel.

RETAIL

Johnson pay disclosed

Ron Johnson, the former J.C. Penney Co. chief executive officer who was ousted last year after a controversial attempt to modernize the retail chain, did not receive any severance when he left the company.

Johnson and Chief Talent Officer Daniel Walker, who also resigned in April 2013, both didn’t receive severance payments, according to a company filing. Michael Kramer, the former chief operating officer, did get a payout, though the company reduced his termination agreement by $1 million. He was paid a total of $2.35 million last year.

After arriving at the department-store chain from Apple Inc. in late 2011 with great fanfare, Johnson oversaw a 25 percent plunge in sales. Johnson’s predecessor as CEO, Mike Ullman, returned to his former job last year and undid many of the changes.

Johnson received $658,921 in salary and other compensation for the portion of the year he worked.

COMMUNICATIONS

AT&T fights back

AT&T is cutting mobile-phone subscription charges for the second time in two months, seeking to hold on to smartphone customers amid a price war with T- Mobile US. AT&T said customers can sign up for a Shared Value plan with 2 gigabytes of data for $65 a month, down from $80. Adding a second phone to the plan brings the price up to $90, down from $105. The offer applies to both new and current customers, though existing subscribers will have to sign up again to qualify. T-Mobile previously said it will double to 1 gigabyte the amount of data alloted to its $50-a-month Simple Choice package. AT&T cut its shared data plan for families by $40 last month as it seeks to keep pace with T-Mobile’s pricing strategy. T-Mobile gained 2.1 million customers in the past three quarters, reversing its performance in 2012.

Compiled from staff and wire reports


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