Chase closing student lending office, laying off 73
Expected to take effect in May, the Indianapolis layoffs are part of a company-wide strategy to wind down student loan services.
Layoffs
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U.S. Steel to idle Gary Works coke plant, displacing 300
Company spokeswoman Courtney Boone said the Pittsburgh-based steelmaker plans to talk with affected workers and the United Steelworkers union about whether they will be transferred or laid off.
Global firm to cut 320 jobs in Bloomington
The Bloomington layoffs from a television repair subsidiary would be ModusLink’s second major reduction in operations in Indiana in six months.
ArcelorMittal to lay off 304 in steel plant closing
The company said it would idle its Indiana Harbor Long Carbon facility March 1 and shut down its rolling mill in the next three months. Both facilities are in East Chicago.
CVS to close local nutrition center with 124 workers
A division of CVS Pharmacy Inc. said it would consolidate work done at the facility to locations in Littleton, Colorado, and Jackson, Tennessee.
Applications for U.S. jobless aid rise, but growth looks solid
More Americans sought unemployment benefits last week, but the number of applications continues to be at historically low levels that suggest solid economic growth will continue.
Applications for unemployment aid fall to 7-week low
The number of people seeking jobless benefits has been at historically low levels for 14 of the past 15 weeks. That indicates companies are retaining workers and expecting economic growth to continue.
Rolls-Royce to eliminate 200 plant jobs, trim engineering force
Indianapolis-based employees have been offered voluntary severance packages as the global engine maker follows through on plans to eliminate about 2,600 positions company-wide.
Target to close Castleton store
Eleven underperforming locations in all will be eliminated by the Minneapolis-based retailer, it announced late Tuesday.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Vectren division sale costs 120 miners their jobs
Evansville-based Vectren Corp. says 120 southwestern Indiana coal miners will lose their jobs by month's end as the natural-gas utility completes the sale of its coal-mining subsidiary.
Struggling Angie’s List lays off 97 salespeople
The consumer-review firm told federal regulators Friday that the move was “part of a focus on improving salesforce performance and productivity.”
Unemployment applications drop to lowest level in 7 years
The numbers suggest a strengthening job market, especially since hiring is at its healthiest clip since the late 1990s, and the 6.1 percent unemployment rate is at a 5 1/2-year low.
Factory for refurbishing buses to close doors
Many of the 160 workers for ABC Companies in Nappanee will have a shot at jobs in a nearby plant for building double-decker buses.
Hospitals might limit executives’ pay hikes after run of big increases
Before local hospitals slashed staff and expenses last year, they had been boosting the pay packages of their top executives faster than hospitals around the country. Seven of every 10 senior executives at the major hospital systems in Indianapolis saw their total compensation rise more than 10 percent from 2010 to 2012.
Toolmaker’s warehouse to close, laying off 80
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
Another printing plant to close, laying off 59
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
Indiana Limestone wins court approval for auction
The owner of Indiana Limestone Co. has received court approval to hold an April sale to see whether there are any better offers for virtually all its assets than the $26 million bid by lender Indiana Commercial Finance LLC.
Bloomington limestone firm to close, lay off 166
An 88-year-old Indiana company that supplied limestone to many of the country’s most important buildings is going out of business.
New owner plans to reopen RV factory
The factory’s Florida-based parent company closed the plant without notice on Feb. 10, ending the jobs of about 85 workers and turning away those who arrived for work in the morning.