Union leader expects Cummins cutbacks in Indiana
Diesel Workers Union president Terry Axsom tells The Republic of Columbus that the union's 1,500 workers at southern Indiana factories will be affected but he doesn't know the extent yet.
Diesel Workers Union president Terry Axsom tells The Republic of Columbus that the union's 1,500 workers at southern Indiana factories will be affected but he doesn't know the extent yet.
The company recalled 7.43 million cars, trucks and SUVs worldwide to fix faulty power window switches that can cause fires.
Indiana banks can tout more success in small-business lending since the recession ended, but the success is hard-won because the masses of entrepreneurs remain cautious about borrowing.
Living Essentials, the producer of 5-hour Energy, announced Wednesday it would build and equip a plant in Wabash that could employ up to 200 people.
Shares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
TechPoint Foundation for Youth is seeking a site and support for a new program intended to get students interested in careers involving science, technology, engineering and math.
Responding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut 1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about $17 billion from $18 billion.
A federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership agreement.”
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
The engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel Systems Plant. The new four-day workweek will continue indefinitely.
Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
Fast-growing T2 Systems has been biding its time since scoring a $28 million equity infusion a year ago, but the maker of parking management software could soon be towing competitors out of its space.
The Franklin metal-tube factory with 39 employees plans to close early next year, less than five years the $2 million plant opened.
The Evansville-based packaging products maker raised $470 million by selling 29.4 million shares at $16 apiece.
Connect Think LLC said it will add the jobs by 2016 and will invest $244,000 in equipment to continue its focus on mobile application development.
Cummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever set of federal standards for heavy-duty truck emissions.
The nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
A former senior project engineer at Rolls-Royce’s Indianapolis plant accused the company of selling parts to the government that it knew did not meet contractual specifications.