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Rolls-Royce cutting production jobs in Indy

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Rolls-Royce PLC plans to cut 28 union production employees at its Indianapolis factory, a company spokesman said Thursday evening.

The British jet engine manufacturer offered buyouts or early retirement to reduce the headcount among the 1,700 hourly production employees at the Tibbs Avenue operations, said spokesman Joel Reuter. The company has about 4,700 total employees in Indianapolis.

“We constantly monitor market factors to remain competitive at our Indianapolis production operations,” Rolls-Royce said in a prepared statement. “Our industry is ever-changing and we’ve had to make a difficult, but necessary decision to reduce 28 positions at our Indianapolis manufacturing facility, primarily due to a reduction in demand for the products made here. We are grateful for the flexibility our employees have shown during this difficult time as we explore voluntary programs in an effort to meet these reduction goals.”

Reuter said enough workers have volunteered for buyouts to avoid forced layoffs.

He would not comment on whether the company planned to cut additional non-union employees.

United Auto Workers Local 933 officials, who represent the plant’s production employees, did not respond to messages left at the union hall seeking comment.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. 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.

  4. If you only knew....

  5. 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.

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