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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett
Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were
in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the
editorial management team.
Channel 13 eliminates two positions to trim costs, and hopes for a revenue increase in the second half of the year.
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.
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.
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.
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.
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.
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.
