NCR the bearer of good news
NCR stands for National Cash Register.
When NCR Corporation relocates its headquarters from Dayton, Ohio, to Duluth, Georgia, it won’t just bring jobs, it’ll bring cash.
That’s because NCR Corporation is in the ATM manufacturing business. According to NBC News:
NCR Corporation will locate a new global self-service innovation headquarters in Duluth and a manufacturing site for the company’s next generation NCR SelfServ ATM family in Columbus.
Georgia’s economy
There are 15 Fortune 500 companies and 26 Fortune 1000 companies with headquarters in Georgia, including such names as Home Depot, UPS, Coca Cola, Delta Air Lines, AFLAC, Southern Company, and SunTrust Banks. Georgia has over 1,700 internationally headquartered facilities representing 43 countries, employing more than 112,000 Georgians with an estimated capital investment of $22.7 billion, Wikipedia says.
Georgia’s unemployment rate currently is 9.1 percent. That’s higher than the national unemployment rate, 8.6 percent. While Georgia hasn’t hit double-digit unemployment rates like states such as Oregon and Michigan, it is slowly creeping in that direction. Many unemployed workers get behind on bills and end up needing credit repair. Luckily, there are experts to help.
NBC says that at a news conference today in Georgia NCR Corporation will announce its plans to relocate, and “Gov. Sonny Perdue will be on hand to welcome the company to Georgia.” That’s a sure sign that the state is eager and pleased to accept NCR Corporation into its economy.
How many jobs?
Georgia’s NBC affiliate news station says the NCR Corporation move will bring 1,250 new jobs to Duluth and 870 new jobs to Columbus.
Last year the company brought 916 jobs to Peachtree City in support for its worldwide customer services business.
More on NCR Corporation
NCR Corporation started out as a cash register manufacturing company way back in 1884. The company manufactured and sold the first mechanical cash register.
NCR Corporation continued in the cash register business and during World War I expanded to manufacturing shell fuses and aircraft instrumentation. During World War II, it built aero-engines, bomb sights and code-breaking machines, according to Wikipedia.
Transition to high techonogy
NCR Corporation stayed with or ahead of the curve on the technology front, and in 1952 it acquired Computer Research Corporation.
In 1956, NCR introduced its first electronic device, the Class 29 Post-Tronic, a bank machine using magnetic stripe technology. With GE the company manufactured its first transistor-based computer in 1957.
NCR made its first ATM in 1970, and it’s been making them ever since. NCR Corporation holds about a third of the ATM market. This will only widen the broad industry base already present in Georgia.
Food is also a major industry in Georgia, with widespread farms producing peanuts, corn, and soybeans across middle and south Georgia. The state is the number one producer of pecans in the world, with the region around Albany in southwest Georgia being the center of Georgia’s pecan production. Gainesville in northeast Georgia touts itself as the Poultry Capital of the World.
Industry in Georgia is quite diverse. Major products in the mineral and timber industry include a variety of pines, clays, stones, and sands.
9.1 percent?! That’s outrageous! I know the recession has definitely taken a toll on just about everyone, but wow… I wasn’t aware of how deep Georgia is in this turmoil. I just hope what they are saying is true that the ATM manufacturer will bring about 2,000 jobs to Georgia. It’s clearly obvious the state is in desperate need of it.
Everyone is ooing and ahing about new jobs…What about the jobs that will be lost in Dayton and not to mention the impact to Flextronics plant in Columbia where the ATM, Self serve machines are now being built. I will be directly affected. I see them shuffling the unemployment from one state to another. The winner here, The corporation who is getting a tax incentive from GA of 60 million to lure them to that state per bizjournal.com I would move too if I were NCR. What about the people!!!!!!! Greed is everywhere.
Right now the world is in a state of desperation. Decisions are being made by everyone to relocate to different states in order to survive, by companies in order to continue to stay in business and just about everyone has had to make some kind of major decision in their lives in order to keep themselves a float. It’s no different for corporations. Some companies have cut jobs by large numbers in order to stay in business all over the country. It’s not pretty by any means. I personally was affected twice by job cuts in Michigan and had to finally make a move elsewhere, that’s how I landed in Atlanta, GA. where I for almost 4 months I have been looking for work in order to support my children as a single mom. I moved here from a state (Michigan) where the unemployment rate was over 11 %. I didn’t necessarily want to leave, I had to. I am trying to land myself a job within NCR it at all possible. Yes, I feel for the guys who have lost jobs withing this company but the result will mean possible opporutnities for others.
I look at it like this all businesses are making the best decision based on the welfare and the benefit of the company first, and people come second. They believe no matter where they go they can always find people who are looking for a job. So I see it as nothing personel just business. I learned a while back that my job is not my source Jesus Christ is. Another point is that nowaday we have to have a plan b income, Suzi Orman, Donald Trump. Robert Kiyosaki states that the greatest thing that the people need to be doing now is going in to business for themselves such as Home based-business are the wave of the future.
When will NCR move to Georgia?
We’ll I understand firts hand What they will go through, my roomate and I lost our jobs with Pfizer Pharmaceuticals in Brooklyn New York in 2006, after being with the company, 11 yrs for her and 14 yrs for me, this is how we got to georgia,but ofcourse we will be waiting for NCR.