Telecom equipment, services firm laying off 300 workers
KGP Telecommunications LLC says a major customer recently reduced its business with the firm, necessitating the layoffs at two Warsaw facilities.
Employment
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Indiana unemployment holds steady at 3.6 percent
Private sector employment in Indiana grew by 12,200 in December with significant gains in education and health services, construction and hospitality.
State unemployment rate ticks up to 3.6 percent
The national unemployment rate for November was 3.7 percent. With the exception of one month when it was equal, Indiana’s unemployment rate has been below the U.S. rate for more than five years.
IndyHumane names longtime volunteer, former board chair as CEO
The animal-welfare group said Thursday that David Horth has been promoted from interim to permanent CEO. He follows a longtime local not-for-profit leader who was abruptly terminated in late July.
Electrical contractor Gaylor plans Noblesville expansion, 20 hires
Gaylor Electric would spend $4.4 million to build a 49,000-square-foot prefabrication facility. It has requested tax incentives on the project that would save it more than $500,000.
FedEx to offer buyouts to U.S. employees as part of cost-cutting plans
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.
Boone County has more jobs, few workers
Boone County has been deluged with announcements about new businesses with new jobs, but filling those jobs could be challenging in a fairly rural area with a rock-bottom unemployment rate.
Born into similar finances, black and white children earn differing incomes as adults
White adults in Indianapolis on average outearn black adults whether both groups were born to poor, middle class or wealthy parents.
State unemployment holds steady at 3.5 percent
Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—rose to 65.1 percent in September. It remains ahead of the national rate of 62.7 percent.
Manufacturer closing Muncie firm, laying off 130 workers
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.
IBJ Podcast: Why did a hard-core philosopher start a plumbing company?
After earning a master’s degree in philosophy, Jack Hope took the next obvious step: cementing his part-time gig as a plumber into a full-time business. Hope Plumbing now expects to $6 million in annual revenue.
Three small manufacturers to add more than 100 jobs in central Indiana
Companies that brew tea drinks, pop-up campers and jewelry in central Indiana are among 22 manufactures that announced plans Friday to locate or expand their operations in the state.
Amazon warehouse workers lose bonuses, stock awards as they get raises
The online retailer upped its minimum wage to $15 and raised other warehouse wages by $1 per hour, but employees learned Wednesday that there’s a tradeoff.
Amazon pay hike raises stakes for competitors in central Indiana
The retail behemoth will begin paying a minimum wage of $15 per hour in November, but local non-Amazon employers say they have strategies of their own for attracting and retaining workers.
Workers in gig economy have varied motivations
The survey, released in July, is based on responses from 1,021 self-employed Americans age 18 and older.
Closures of auto-parts factory, bus plant to eliminate 170 jobs
The two manufacturing facilities in northern Indiana plan to end operations in August and April, respectively.
Fishers health-care talent agency planning to add 25 jobs
The company could receive up to $1.025 million in state tax credits as part of its expansion plans, which include adding 2,000 square feet to its Fishers office.
St. Vincent lays off 85 workers across Indiana
The Indianapolis-based health system is under pressure from parent Ascension to cut costs, and has signaled in recent months that it plans to transform its delivery system.
IBJ PODCAST: Cafe helps catalyze revival on Washington Street, reclaim lives
Maria Bertram had a great career as an engineer for Eli Lilly and Co., so why did she chuck it to open a little cafe in a distressed neighborhood?
Indiana’s unemployment rate holds steady
Although the overall unemployment rate remained static from February, nearly 10,000 more state residents were employed in March than in February.