EnerDel lands $118 million stimulus grant
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
Employment
Articles
Lilly offering buyouts to 4,000 sales reps
Indianapolis-based Eli Lilly and Co. today said it is offering buyouts to its U.S. sales force,
with hopes of trimming about 300 sales representatives before a sales restructuring set to begin in January, Reuters reported.
Muncie manufacturer Duffy calling it quits
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
Battered manufacturing towns hungry for food processors
Economic development officials like the stability of the food business, though wages typically are mediocre.
KELLER: The party’s over for IU Law grads as stapped firms trim opportunities
Fledgling attorneys face a legal industry in defensive mode, resulting in drooping employment figures.
WTHR lays off 20-year vet, plus chopper pilot
Channel 13 eliminates two positions to trim costs, and hopes for a revenue increase in the second half of the year.
Star newsroom braces for pay cuts, possible layoffs
he next two weeks could be critical in determining the level and quality of staffing in the newsroom of The Indianapolis Star, the state’s largest daily newspaper. The paper’s union—which represents about 160 news staffers—and management have been at an impasse since employees’ union contract expired Dec. 31.
HICKS: Certain unemployment causes worse than others
Unemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire
industries become redundant are especially painful.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
IQuest buys British firm, expanding local operations
IQuest Internet LLC, the largest Indiana-based Internet service provider, is going global, having bought a British company
that monitors and manages data, voice and video networks.
Here’s a must-do checklist for personnel managers
If you are a human resources professional, now is an excellent time for you to assess the human resource function in your
company.
Churches look for ways to pay off construction projects planned before recession took toll on collection plates
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures,
including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
CIB executive director out-earns governor, mayor combined
Barney Levengood, executive director of the financially-struggling Capital Improvement Board, is one of the state’s highest-paid public employees, and some wonder if his pay should be cut.
Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
Simon layoffs would jeopardize HQ incentive deal
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
Prolonged woes reshape Connersville, city once known as ‘Little Detroit’
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
50-year employee leaves IMS
Bill York, who has worked in the Indianapolis Motor Speedway press room since 1958, is no longer with the Brickyard.
Youth program may promote sense of purpose
Though I’m an economist, and not much skilled at matters of the heart, it seems to me there’s something amiss in today’s national psyche. There’s no real sense of purpose or unity. For those of us old enough to have had very close relatives who lived through the Great Depression, today just feels different from […]
Indianapolis weathering recession better than rest of state, U.S.
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Clawback provisions won’t hurt biz attraction
House Bill 1338 introduces a change to many (but not all) of our state’s tax incentives, adding what is known as a “clawback” provision, offering a reasonable and fair adjustment to our current tax incentives.