The automaker, formed in the 2021 merger of Fiat Chrysler and PSA Peugeot of France, said it is taking the action “to protect our operations and the company.”
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Private equity firms are simply head over heels for service firms such as plumbing and heating and air-conditioning companies.
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Unlike previous Gannett buyouts, which required workers to meet certain criteria for age and years of service, the latest buyout is available to nearly all full-time Gannett workers.
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.
The Memphis, Tennessee-based company did not say how many positions it wants to eliminate or from what locations. But its Indianapolis International Airport hub is part of the Express division that will be targeted for the buyouts.
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Republic Airways Holdings not only beat analysts’ second-quarter estimates this year, but also posted a profit. But just weeks after the new player in scheduled service announced those solid results, arch-enemy Southwest Airlines announced it was buying AirTran for $1 billion.
United Steelworkers local president Jerry Misner says the layoffs at the Lafayette plant are effective Monday.
Indianapolis-based Eli Lilly and Co. today said it is offering buyouts to its U.S. sales force,
with hopes of trimming about 300 sales representatives before a sales restructuring set to begin in January, Reuters reported.
More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
