The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
The Indianapolis-based company is expanding operations and trying to hire an additional 30 assembly workers to keep up with skyrocketing orders from the COVID-19 pandemic.
Reeling from a slowdown in sales due to the coronavirus crisis, the New York City-based burger chain says it has paused all design and construction of new eateries. The Fishers location was set to open late this year.
Mario Rodriguez, executive director of the Indianapolis Airport Authority, said activity has dropped to as low as 5% of typical operations, with the the facility serving only 14 of its 53 destinations.
Revenue from Budweiser, Stella Artois and Corona dropped 11% in the first quarter, about twice the rate of decline for the company’s overall portfolio of more than 500 labels.
Indiana native and Purdue graduate Robert Ulibarri, 37, has been named general manager for Saab’s aerospace facility in Discovery Park, where he will lead the advanced manufacturing and production for aerospace systems.
The Indianapolis International Airport’s journey back from the coronavirus crisis won’t be complete—and the city and state won’t be made whole—without the return of nonstop service overseas.
Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.
American Airlines said it will aggressively add back flights in July, while United Airlines also announced plans to add back flights, while taking a more cautious approach.
The S&P 500 is now down less than 6% from its record high set in February after being down nearly 34% earlier this year when recession worries were peaking.
The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed.
NBC Sports said Saturday night’s season-opening IndyCar telecast drew nearly 1.3 million viewers, making it the most-watched series race outside the Indianapolis 500 on any network since 2016.
After a pronounced slump in air travel in the spring, airlines are adding back flights as they hope to salvage some lost revenue during the key summer travel season.
The announcement came on the same day that the Centers for Disease Control and Prevention “strongly encouraged” organizers of large gatherings to tell participants to wear cloth face coverings when at such events.
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
