Snap-on CEO Talks Hiring on CNBC
According to ADP, the private sector employment increased by 216,000 last month which was not only the 25th consecutive monthly gain but also was a gain of about 1,000 above estimates. To get jobs going companies need to continue to hire. Snap-On Tools CEO Nicholas Pinchuk appeared on CBNC’s On the Street to talk about how his company and his franchisees are creating jobs, and how across the board sales are up.
“Last year we saw a 5-6% increase in the workforce, so I think you can clearly say we are hiring. We reached pre recession levels in the fourth quarter of last year, and we are hiring in reaction to that,” Pinchuk said. Pinchuk, who has been the CEO of Snap-On since 2007, manufactures 80% of what they sell in its American Plants and calls on 300,000 small businesses across the US. Snap-on which is a global innovator, manufacturer and marketer of tools, has 10 manufacturing facilities in the around the US.
“People in these jobs are very positive, with the most positivity starting at the grass roots level,” according to Pinchuk. “There is a lot of opportunity for productivity among the owners and technicians of these small businesses.” To view the complete interview on CNBC click here.