Battered insurer MDwise readies for turnaround
The CEO who took charge last summer of the Indianapolis company that provides health insurance, food, career help and other services to low-income people acknowledges he has a big job ahead.
Downsizing
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FedEx to offer buyouts to U.S. employees as part of cost-cutting plans
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.
Lilly looks to boost pipeline with drug partnerships
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.
Deluge of Angie’s List employees enter job market
Approximately 550 employees have either left Angie’s List voluntarily or been laid off since Jan. 31, according to public filings.
Broad Ripple tech firm lays off a third of its workforce in cost-cutting move
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.
Eli Lilly aims to cut 200 R&D jobs
The Indianapolis-based drugmaker has offered many of its research and development employees a compensation package if they leave the company.
IndyStar cuts at least two jobs, plans to eliminate seven more
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.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
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.
City to face another hard-to-fill shuttered factory
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.
Caterpillar closing 5 plants, cutting 670 jobs
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
Some executives already bracing for next recession
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.
Wiley cuts at least 70 Indy employees in restructuring
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.
Spurned Indy continues to court manufacturing
Indianapolis is losing manufacturing jobs at a steady, some would say alarming, rate. And the Circle City is not alone, as many metro areas face serious challenges in retaining and attracting manufacturers.
Unemployment benefit requests jump again
The number of people applying for unemployment benefits jumped last week to the highest level in three months, another sign that the job market remains depressed.
State unemployment rate climbs back to 10 percent
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
Unemployment rate stays flat as nation sheds 36,000 jobs
The Labor Department figures suggest the job market is slowly healing but that significant hiring has yet to occur.
Weather blamed for unexpected rise in jobless claims
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
Daniels applauds decline in state government jobs
Indiana government has lost more than 1,500 workers in the past year, and that’s a good thing, Gov. Mitch Daniels says.
Layoff euphemisms
Corporations simply don’t like direct language, a Butler University professor says.