New jobless claims rise unexpectedly
The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week, up 7,000 from the previous
week.
Layoffs
Articles
Cummins lays off another 200-plus in Columbus
Cummins Engine Co. will idle 195 workers at its fuel systems plant in Columbus; another 22 workers will take voluntary leave.
Jobless rate unexpectedly falls to 10 percent
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October’s revised total of
111,000.
Productivity surges 8.1 percent, most in 6 years
The U. S. Commerce Department said productivity rose at an annual rate of 8.1 percent in the third quarter, the biggest jump
since 2003.
Cummins to lay off 400-plus workers in New York
Columbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
State’s jobless rate ticks up
Indiana’s unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
Layoff euphemisms
Corporations simply don’t like direct language, a Butler University professor says.
Greensburg manufacturer sold, jobs moving to Oklahoma
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Lilly reducing sales force by 191 as part of larger restructuring
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
Cook Group Inc. owner says health reform’s tax on medical devices could kill jobs
Bloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices
to pay for health care reform, company founder Bill Cook said in an interview.
Lockheed Martin planning Indianapolis layoffs
Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and “funding issues” that are cutting short a five-year federal contract worth a total of $80 million.
Federal workers dodging layoffs
One of the best places to have waited out this recession was in federal government. Federal workers have pretty much gotten
a bye on pink slips at a time private sector employees have taken it on the chin.
Bill extends jobless benefits in Indiana, 26 other states
With no end in sight to the country’s job market woes, the U.S. House has agreed to give the jobless in a majority of states,
including Indiana, another 13 weeks of unemployment insurance benefits.
UPDATE: Pipeline challenges force Lilly restructuring moves
Since John Lechleiter was named CEO 18 months ago, he’s bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today’s announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company’s business units ups the ante on that bet, while indicating that it isn’t working yet.
Lilly reorganization to cut 5,500 positions over 2 years
Eli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
After comeback, former United maintenance facility faces challenges
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it
six years ago, but its new tenants are contending with struggles of their own.
Whirlpool to cut 1,100 jobs, close Indiana plant
Whirlpool Corp. said today that it will cut 1,100 jobs by closing a refrigerator factory in Evansville. The jobs will be eliminated
in mid-2010.
HICKS: Structural unemployment not always a burden
A few weeks ago, a couple of my economist colleagues took issue with the phrasing in one of my columns. In a rare turn
of events, they are right, and I was wrong.
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.
Automotive industry’s fall dilutes manufacturing jobs
The fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’ 15.4 percent.