Respondents from a wide range of sectors across the state say their expected growth rates for revenue, profit and capital investment are lower than in recent years.
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
In the school year that ended in May, nearly 175,000 students were enrolled in more than 235,000 career and technical classes. That’s an 11 percent increase since the 2012-2013 school year, when Gov. Mike Pence challenged schools to serve students going to work as well as students going to college.
Most of the work will take place at the manufacturer’s Plainfield and Indianapolis facilities.
Thor Industries Inc. has purchased privately held Jayco Corp. in hopes that it will help attract younger customers looking for more modest travel abodes.
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
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.