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Layoffs
Job cuts begin at east-side steering parts plant
January 29, 2010
Fifteen employees at an east-side automotive plant operated by a Ford subsidiary will lose their jobs on March 31. More job
cuts are expected, as the factory prepares to close by the end of 2011.
MoreSource: WISH-TV lays off news, production workers
January 26, 2010
Anthony SchoettleWISH-TV Channel 8 laid off employees late last week as local TV market is battered by swooning economy.
MoreGunite Corp. cutting 100-plus jobs at Elkhart plant
January 15, 2010
IBJ StaffBeleaguered Elkhart took another hit this week when Illinois-based Gunite Corp. announced plans to move 110 manufacturing
jobs to Rockford, Ill., and Brillion, Wis.
MoreCummins to lay off 400-plus workers in New York
December 2, 2009
Andrea Muirragui DavisColumbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
MoreState's jobless rate ticks up
November 20, 2009
Scott OlsonIndiana's unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
MoreGreensburg manufacturer sold, jobs moving to Oklahoma
November 3, 2009
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company
headquarters in Guthrie, Okla.
MoreLilly reducing sales force by 191 as part of larger restructuring
November 2, 2009
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
MoreCook Group Inc. owner says health reform's tax on medical devices could kill jobs
October 24, 2009
IBJ StaffBloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices
to pay for health care reform, company founder Bill Cook said in an interview.
MoreLockheed Martin planning Indianapolis layoffs
October 19, 2009
IBJ StaffMaryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining
call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
MoreUPDATE: Pipeline challenges force Lilly restructuring moves
September 14, 2009
J.K. WallSince John Lechleiter was named CEO 18 months ago, he's bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today's announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company's business units ups the ante on that bet, while indicating that it isn't working yet.
MoreLilly reorganization to cut 5,500 positions over 2 years
September 14, 2009
J.K. WallEli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
MoreAfter comeback, former United maintenance facility faces challenges
September 12, 2009
Chris O'MalleyThe mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned
it
six years ago, but its new tenants are contending with struggles of their own.
MoreWhirlpool to cut 1,100 jobs, close Indiana plant
August 28, 2009
IBJ Staff and Associated PressWhirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated
in mid-2010.
MoreHICKS: Structural unemployment not always a burden
August 3, 2009
Mike HicksA few weeks ago, a couple of my economist colleagues took issue with the phrasing in one of my columns. In a rare turn
of events, they are right, and I was wrong.
MoreMuncie manufacturer Duffy calling it quits
July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
MoreAutomotive industry's fall dilutes manufacturing jobs
July 20, 2009
IBJ StaffThe fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping
track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the
top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’
15.4 percent.
MoreStar newsroom braces for pay cuts, possible layoffs
June 29, 2009
Anthony Schoettlehe next two weeks could be critical in determining the level and quality of staffing in the newsroom of The Indianapolis
Star, the state's largest daily newspaper. The paper's union—which represents about 160 news staffers—and management
have been at an impasse since employees' union contract expired Dec. 31.
MoreHICKS: Certain unemployment causes worse than others
June 29, 2009
Mike HicksUnemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire
industries become redundant are especially painful.
MoreWTHR lays off 20-year vet, plus chopper pilot
June 29, 2009
IBJ StaffChannel 13 eliminates two positions to trim costs, and hopes for a revenue increase in the second half of the year.
MoreChurches look for ways to pay off construction projects planned before recession took toll on collection plates
May 25, 2009
Kathleen McLaughlinIn Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures,
including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
MoreCritics: Tax hike 'defies logic'
May 4, 2009
Peter SchnitzlerCritics say the Legislature's plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of
the financial
burden on already ailing businesses with the least ability to pay.
MoreLauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
April 20, 2009
Cory SchoutenStruggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
MoreSimon layoffs would jeopardize HQ incentive deal
April 20, 2009
Cory SchoutenDuring one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees,
officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
MoreProlonged woes reshape Connersville, city once known as 'Little Detroit'
April 13, 2009
Kathleen McLaughlinWith economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
More50-year employee leaves IMS
April 13, 2009
Bill York, who has worked in the Indianapolis Motor Speedway press room since 1958, is no longer with the Brickyard.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.