Toolmaker’s warehouse to close, laying off 80
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
Employment
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Software firm Salesvue secures $3M in venture capital
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
Employee defection sparks battle between brokerages
Hylant Group says a former worker in its Carmel offices broke a non-compete agreement and poached clients for his new insurance-brokerage gig in Indianapolis.
Another printing plant to close, laying off 59
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
Deca Financial to wind down after trustee opts for liquidation
The Fishers debt collection agency had been forced into bankruptcy by creditors. On Monday, a judge approved a request to terminate the once-promising firm.
Growth in Hoosier wages lagging inflation
Pay raises were a pipe dream for many Hoosiers last year—as the median wage in Indiana inched up 0.8 percent, to $31,990, according to federal data released this month.
Hiring at U.S. companies picked up momentum in March
After a frigid winter, companies added nearly 200,000 jobs last month, according to payroll processor ADP. That bodes well for the government’s report on overall employment, due Friday.
Cost-of-living chasm buoying tech firms
A growing number of tech workers are seeking refuge in Indianapolis from skyrocketing living expenses in other cities, including technology hubs on the coasts.
Fastenal seeks tax abatement on $11M expansion
The firm intends to make its facility north of 56th Street on Guion Road the main hub for more than a dozen other regional distribution centers, and to hire 60 more workers.
Biomet plans $40.5 million upgrade, 150 jobs
Biomet’s project calls for building renovations and adding 3-D printing and optical scanning technology. The Warsaw-based company would also upgrade an incubation center for surgeons interested in introducing a new product, technology or technique.
Hamilton County’s low jobless rate roils labor market
Hamilton County employers are having trouble filling lower-wage jobs. At 4.5 percent in December, Hamilton County’s jobless rate was the lowest in the metro area and one of the lowest in the state.
Bluelock adds former ExactTarget exec, plans to hire 20
Joe Kuntz will help the cloud-services firm explore new markets. Its recent move into data recovery has sparked plans to increase headcount by about 50 percent.
Bloomington limestone firm to close, lay off 166
An 88-year-old Indiana company that supplied limestone to many of the country’s most important buildings is going out of business.
New owner plans to reopen RV factory
The factory’s Florida-based parent company closed the plant without notice on Feb. 10, ending the jobs of about 85 workers and turning away those who arrived for work in the morning.
Lighting factory to close, laying off 95 workers
In 2008, the Federal-Mogul factory in Avilla announced an expansion that could bring employment to 170 by 2010. But the company says it now has only 95 employees.
Companies rethink hiring policies for former criminals
State and local lawmakers around the country, including some in Indianapolis, are supporting efforts to increase the hiring of ex-offenders.
Key ExactTarget exec steps down
Tim Kopp, who was responsible for ExactTarget’s global marketing efforts during some of its most explosive growth, says he plans to take it easy and dabble in startups and not-for-profits.
Berry Plastics to spend $31M on expansion, hire 336 workers
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
Community Health CFO makes sudden exit
Tom Fischer, the chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills.
Printing facility to close, terminate 150 employees
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.’s printing plant in Terre Haute.