Rexnord definitely moving Indy operations to Mexico, union says
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
Police were told that the man was apparently trying to unclog a recycling machine when it turned on while he was inside.
General Motors also announced that it would invest more than $900 million in three plants to prepare for undisclosed new vehicles, including a plant in Indiana that has about 870 employees.
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
The plant closed in 2007, taking 300 jobs. It opened in 1909 and at one point produced all the gas used for heating Marion County.
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
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 U.S. Department of Labor says Vertellus employees affected by a pending plant layoff can apply for Trade Adjustment Assistance.
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Paoli Inc. will begin shutting down its corporate campus in Orleans in phases beginning in January and permanently close by the end of next October, the company said. The furniture maker got its start in 1926.
A bankruptcy court has cleared the way for Magnetation LLC to shut down its remaining operations, including a plant in Indiana that had about 165 workers six weeks ago.
The city of Indianapolis has received a $355,000 federal grant to help support about 1,400 workers displaced by Carrier Corp. The grant will be used to hire a “recovery coordinator.”
A federal bankruptcy judge approved the sale of Indianapolis-based chemical company Vertellus Specialties Inc. on Thursday after the U.S. Environmental Protection Agency withdrew its objection to the sale.
Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated, an independent bottling company, has signed agreements to purchase Indiana manufacturing and distribution plants in Indianapolis and Portland, plus one in Cincinnati, from Coca-Cola Refreshments USA Inc.
Indianapolis-based Vertellus Specialties Inc. is at odds with the U.S. Environmental Protection Agency over whether a proposed $454 million sale of the chemical company will provide adequate resources to address environmental cleanup needs.
The report suggests that manufacturers continue to struggle as businesses spend less on machinery, computers and other large equipment. Auto sales have also leveled off this year after reaching a record level in 2015.
Moriden America makes cargo systems and interior trim for the auto industry and plans to ramp up production to meet demand from a Subaru assembly plant in Lafayette.
Currently working its way through Chapter 11 bankruptcy, the firm expects the closure at its Tibbs Avenue plant to affect dozens of employees.
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.