A company that made kitchen products in Indiana for 117 years has failed to find a buyer and won’t resume local production.
Century-old Diamond Chain downtown plant with 240 employees set for closure
New owner Timken Co. plans to consolidate the local plant’s operations in Illinois. Diamond Chain was founded in 1890 as the Indianapolis Chain & Stamping Co., originally to produce chains for the nation’s fast-growing bicycle industry.Read More
Carmel-based CNO Financial to cut 230 employees in restructuring
The company said it expects to reduce its annual spending by about $22 million by the end of 2020 as a result, investing about half of that savings into various technology and growth initiatives.Read More
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
Connecticut-based Stanley Black & Decker said last month that it was planning to cut $200 million in annual costs “from headcount actions across the company as well as executing some footprint rationalization opportunities.”
More than 100 nursing aides, activities coordinators, cooks and other workers at two Indianapolis senior communities could lose their jobs by mid-October when the properties are sold, owner Justus Rental Properties Inc. said.
The company said in a statement the closure would help it “reduce complexity, improve efficiency and enhance customer service.”
KGP Telecommunications LLC says a major customer recently reduced its business with the firm, necessitating the layoffs at two Warsaw facilities.
Less than three years after acquiring a manufacturer of metal components with operations in Muncie, JD Norman Industries Inc. has decided to close the facility and terminate its 130 employees in December.
The two manufacturing facilities in northern Indiana plan to end operations in August and April, respectively.
Employees have been notified that their jobs will be eliminated in phases beginning in August and concluding Oct. 31.
The office will close next month because Yellow Pages is outsourcing the work to an firm in India, employees say in a federal aid application.
The retail giant confirmed to IBJ on Friday that it intends to rehire DHL workers, who also could have a chance to transfer to other DHL facilities.
It’s the second round of layoffs announced at Jeffersonville-based Jeffboat in the past few months.
A client has decided to move its customer service operations in-house, according to the firm.
The layoffs are expected to take place Feb. 2, according to a notice filed with state workforce development officials.
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.