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.
A slimmed-down Eli Lilly and Co., thousands of employees lighter after its biggest restructuring in nearly a decade, is now looking high and low for deals to bulk up its drug pipeline.
A crucial technology platform revamp didn’t go as planned last year, so Odyssey Media opted to rein in costs until that’s completed, according to its CEO.
The Star is seeking to eliminate the paper’s copy desk and move those duties to Louisville. But the newsroom’s union plans to fight to keep the jobs in Indianapolis.
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
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.
While many CEOs are planning for the next fiscal year, a cohort of local executives is planning for the next fiscal downturn. Group members have their eyes on 2019, forecast by some economists to be the year the next economic contraction arrives.
John Wiley & Sons Inc., publisher of the “For Dummies” series, has sent dozens of local jobs to foreign markets as it tries to save $80 million company-wide.
The Labor Department figures suggest the job market is slowly healing but that significant hiring has yet to occur.
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.