Fives Cincinnati Attends White House Summit
The machine tool builder joined 150 others who are equipping workers with skills needed to advance into better-paying jobs.
Posted: May 6, 2015
On Friday, April 24, Fives Cincinnati (Hebron, KY) participated in the White House Upskill Summit, joining 150 employers, labor leaders, foundations, non-profits, educators and tech innovators from across America who are equipping workers of all ages with the skills they need to advance into better-paying jobs. Ed Bisig, the director of human resources for Fives Machining Systems, Inc., attended the event.
Fives has invested $2.2 million ($200,000 per worker) in worker education since 2007 and has trained 14 apprentices in its state-certified apprenticeship program, with participants receiving an average wage increase of 57 percent. The company partners with Gateway Community and Technical College for the academic component of its apprentice training, while paying the participants as they work through 8,000 hours of on-the-job training. Upon graduation, these employees transition to a role at Fives with strong knowledge and experience in high-tech manufacturing, but without the burden of student loans.
Fives also serves as a community and industry leader and has partnered with multiple local colleges in the creation of its apprenticeship program. It has designed a High School Ambassador program that exposes students to advanced manufacturing, and it sits on several regional workforce development boards. The company’s apprenticeship program has been featured on the NBC Nightly News and in numerous business publication articles.
The White House plans to announce new commitments being made by public and private partners in response to a call for action from the President in January “to help workers of all ages earn a shot at better, higher-paying jobs, even if they don’t have a higher education.”
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