Indiana-based Hillenbrand Inc. is planning to launch a program designed to reduce costs and improve operational efficiency after what is being described as a weaker-than-expected performance from one of its primary business segments.
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.
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.
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.
Approximately 550 employees have either left Angie’s List voluntarily or been laid off since Jan. 31, according to public filings.
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.
The Indianapolis-based drugmaker has offered many of its research and development employees a compensation package if they leave the company.
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.
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.
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.
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.
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.
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.
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.
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.
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
The Labor Department figures suggest the job market is slowly healing but that significant hiring has yet to occur.
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
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.
Indiana government has lost more than 1,500 workers in the past year, and that’s a good thing, Gov. Mitch Daniels says.
