Layoffs

Lockheed Martin planning Indianapolis layoffs

October 19, 2009
 IBJ Staff
Maryland-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.
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UPDATE: Pipeline challenges force Lilly restructuring moves

September 14, 2009
J.K. Wall
Since 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.
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Lilly reorganization to cut 5,500 positions over 2 years

September 14, 2009
J.K. Wall
Eli 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.
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After comeback, former United maintenance facility faces challengesRestricted Content

September 12, 2009
Chris O'Malley
The 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.
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Whirlpool to cut 1,100 jobs, close Indiana plant

August 28, 2009
 IBJ Staff and Associated Press
Whirlpool 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.
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HICKS: Structural unemployment not always a burden

August 3, 2009
Mike Hicks
A 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.
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Muncie 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.
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Automotive industry's fall dilutes manufacturing jobsRestricted Content

July 20, 2009
 IBJ Staff
The 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.
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Star newsroom braces for pay cuts, possible layoffsRestricted Content

June 29, 2009
Anthony Schoettle
he 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.
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HICKS: Certain unemployment causes worse than othersRestricted Content

June 29, 2009
Mike Hicks
Unemployment 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.
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WTHR lays off 20-year vet, plus chopper pilotRestricted Content

June 29, 2009
 IBJ Staff
Channel 13 eliminates two positions to trim costs, and hopes for a revenue increase in the second half of the year.
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Churches look for ways to pay off construction projects planned before recession took toll on collection platesRestricted Content

May 25, 2009
Kathleen McLaughlin
In 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.
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Critics: Tax hike 'defies logic'Restricted Content

May 4, 2009
Peter Schnitzler
Critics 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.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling 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.
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Simon layoffs would jeopardize HQ incentive dealRestricted Content

April 20, 2009
Cory Schouten
During 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.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With 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.
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50-year employee leaves IMSRestricted Content

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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Indianapolis weathering recession better than rest of state, U.S.Restricted Content

April 6, 2009
Peter Schnitzler
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
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Horse trading key to solving unemployment deficitRestricted Content

March 23, 2009
Ed Feigenbaum
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come up with solutions that will be difficult for both Democrats and Republicans to accept.
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Giving bad news the right wayRestricted Content

March 16, 2009
Layoffs don't have to be brutal.
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For unemployed, searching for job is full-time endeavor

March 2, 2009
J.K. Wall
As job losses accelerate in the worst recession in a generation, it's becoming tougher and tougher for even well-educated, experienced professionals to find work �¢?? or at least to find a job in the area and at the pay they want.
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Stern's definition of 'golden age' is laughableRestricted Content

February 23, 2009
Bill Benner

Of this, that and the other while wondering if NBA Commissioner David Stern had just taken a hit off Michael Phelps' bong when he proclaimed this to be "the golden age of basketball" during his all-star weekend news conference in Phoenix.

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Orchestra lays off eight as donations, ticket sales dropRestricted Content

February 16, 2009
The Indianapolis Symphony Orchestra will look to volunteers to help cover the work done by eight people who were laid off last week in a move to trim $600,000, or 2 percent, from the $29.5 million annual budget.
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Unemployment data paints worrisome pictureRestricted Content

February 9, 2009
Mike Hicks
The most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.
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In hard times, is big-time sports willing to budge?Restricted Content

February 2, 2009
Bill Benner
Even as the economy spirals downward, no one gives a thought to bringing some kind of fiscal sanity to the overall enterprise of sports.
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