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Plainfield distribution facility with 137 workers closing

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Stamford, Conn.-based Pitney Bowes Inc. informed state officials Monday that 137 employees at its Plainfield warehouse will lose their jobs when it closes the facility in May.

The mail- and document-management company told the the Indiana Department of Workforce Development. that it will cease operations in Hendricks County due to “current economic conditions.” The job losses include 84 shipping packer, 20 secretarial and 12 computer operator positions.

Pitney Bowes said it will begin winding down operations May 7 and take about two weeks to complete the closure.

The company renewed its lease for 161,133 square feet at 2800 Airwest Blvd. in  Plainfield in October 2010, according to IBJ leasing data.

In January 2010, Pitney Bowes closed operations in the southwest Ohio city of Miamisburg, costing Ohio 75 jobs but giving the Indianapolis area about 30 new ones.

A company spokesman told IBJ then that some operations were set to move to the company's location in Whitestown.

Pitney Bowes has annual revenue of $5.3 billion and 29,000 employees worldwide, according to its website.
 

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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