IBJNews

Greencastle auto supplier cutting 202 employees

Back to TopCommentsE-mailPrintBookmark and Share

The owner of a Greencastle manufacturing plant has notified state officials that it will lay off 202 employees starting in November.

The Greencastle plant is owned and operated by Dearborn, Mich.-based International Automotive Components Group, a global supplier of automotive door trim.

IAC told the Indiana Department of Workforce Development in a notice on Thursday that the cuts will occur in two stages—on Nov. 10 and again on Dec. 13.

“Two of our [contracts] are coming to an end,” IAC spokesman David Ladd said. “We don’t have anything in place to keep those employees working at this time, so we were forced to take this action.”

A separate contract being negotiated with another automotive company could enable IAC to call back the laid-off employees, Ladd said.

Like many auto suppliers, IAC has been hurt by the economic downturn. It let go 280 employees in May 2009 but later recalled them, he said.

About 350 employees will remain at the plant following the latest round of announced job cuts.

IAC has about 13,000 employees in 37 plants in the United States, Canada and Mexico, as well as interests in two Chinese joint ventures. The company had revenue of $3.2 billion in 2009, according to its website.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. what Steve is doing and if he is on another radio station. That is the station I will listen to.

  2. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  3. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  4. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

ADVERTISEMENT