Articles

Lilly reveals plans to cut 340 IT jobs

The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115
cuts will be made this month, and the remainder by the end of the year.

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U.S. jobless claims drop, but remain high

Claims have fluctuated wildly in the past several weeks and have not dropped below January levels. Elevated unemployment claims,
along with last month’s weak jobs report and a struggling housing market, have economists worried the recovery is slowing.

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Navistar finalizes foundry closing

Navistar Inc. has notified state leaders that its Indianapolis Casting Corp. foundry at 5565 Brookville Road will close in
July, costing about 220 employees their jobs.

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Dawn Food closing 160-worker bakery in Crown Point

Dawn Food Products Inc. says the northwest Indiana bakery will close in phases until being shut down by the end of August.
The Jackson, Mich.-based company says it decided to close the bakery to increase efficiency and that it would expand operations
elsewhere.

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Republic Airways to shut down Lynx Aviation

Indianapolis-based Republic Airways Holdings Inc. will shut down Lynx Aviation, a regional flying unit that operates Bombardier
Q400 propeller planes. The changes will mean 175 people will lose their jobs.

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