A surge of people retiring from the fields has created a talent shortage, and recruiting and training enough workers remain vexing challenges for companies, according to executives at an IBJ event Thursday.
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
A new annual survey of Indiana manufacturers found 38 percent of companies rate their overall performance as “healthy,” a drop of about 10 percentage points in a year.
The global firm with extensive Indiana operations plans to occupy a 40,000-square-foot building to be constructed in the Purdue Research Park Aerospace District, a 980-acre technology park in West Lafayette.
The company makes entry doors and security products that almost everyone has used but the company remains not that well known.
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Purdue officials said the facility will support research focusing on development of lighter-weight composite materials that can be used in aerospace, aviation, automotive, energy and sporting equipment.
More than 80 budding engineers will build and work with machines as part of a new program designed to give students experience in manufacturing.
Speakers at an IBJ breakfast on manufacturing and logistics said the public and private sectors must do more to get students thinking about manufacturing as a career and encouraging them to pursue the training they need to succeed in the field.
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
The Indianapolis-area Rolls-Royce production facilities will handle the bulk of the work for three contracts totaling up to $442 million.
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
The company announced plans for the $100 million factory in March, with officials saying they anticipated hiring more than 200 workers within five years.
Among the goals of the partnership are to lower manufacturing costs, improve speed and drive innovation. The partnership also will create educational opportunities for Purdue students.
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.