Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
Indiana economic development officials say they will seek to recapture some of the $530,000 in incentives taxpayers have given United Technologies Corp. and its subsidiary Carrier Corp., which combined will lay off 2,100 people in Indiana and send the jobs south of the border.
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
Job losses in Carrier Corp.’s local manufacturing operations are expected to begin in 2017 and continue through 2019, the company announced Wednesday. An affiliated company also plans 700 job cuts in northeast Indiana.
Indianapolis-based Braden Business Systems plans to move to Fishers while Stanley Security will consolidate operations in the city, Fishers Mayor Scott Fadness announced Wednesday.
The Indianapolis-based manufacturer realized earnings of $13 million in the fourth quarter, down from $50.5 million in the fourth quarter of 2014.
Orders to U.S. factories fell sharply in December, closing out a year in which demand for American manufactured goods retreated for the first time in six years.
Southwire Co. LLC plans to shut down its customer service center in Plainfield by mid-year, putting 50 employees out of work.
The Posey County Economic Development Partnership said the project will have a big economic impact, creating more than 2,500 construction jobs and about 200 permanent positions at the plant.
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
An auto parts factory near Muncie that was slated to close later this year won’t be shutting its doors after all.
The stock market value for Voxx today is just $118 million—far less than it paid just for Klipsch, one of a long list of acquisitions it made dating back a decade.
American industry is struggling even as the overall economy appears solid. In December, utilities reduced output amid unusually warm weather and energy firms cut back in the face of falling oil prices.
The Indianapolis-based company, which makes computerized machine tools for the metal-cutting industry, said Friday morning that it would have had a record-setting year if it hadn’t been for the negative impact of currency translation.
Alcoa Inc. said it will permanently close its Warrick Operations smelter, one of the largest aluminum smelting facilities in the world.
Struggling overseas demand and declines in commodity prices that are hurting investment in energy and agriculture continue to limit orders for American manufacturers.
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.
The operation, which is expected to employ 136 in Steuben County by 2019, will convert scrap plastic into ultra-low sulfur diesel and gasoline blendstocks.
The Greenfield-based furniture maker blew the whistle on a Dallas-based rival that failed to pay duties on furniture imported from China, the Justice Department said.
U.S. industrial output fell for the third straight month in November, another sign that American manufacturers are under stress.
