Stories tagged with "restructuring"

Lilly to cut up to 191 workers in Indiana by end of 2009 by indystar

Eli Lilly and Co. has informed the Indiana Department of Workforce Development that it will cut up to 191 employees in a restructuring of its osteoporosis, diabetes and... – Nov 03, 2009 at 12:00 AM in Health Care & Pharma

CIT Group gets $1B credit line from Icahn by indystar

NEW YORK — Commercial lender CIT Group said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company’s restructuring plan amid reports... – Oct 31, 2009 at 12:00 AM in Business

Cummins 3Q profit falls 58% by Tom Spalding

Engine maker Cummins today said third-quarter profits fell 58 percent, as sales couldn’t match a record-setting performance during the same period a year ago. The Columbus... – Oct 30, 2009 at 8:41 AM in Business

Planned Parenthood to close 6th clinic by Tom Spalding

Planned Parenthood of Indiana has added a health center in Marion to its rising number of clinic closures and will chop 25 jobs from the payroll as part of a sweeping... – Oct 14, 2009 at 5:32 PM in Communities

Budget proposal contains a property-tax break, Southport mayor says by indystar

** Southport Southport Mayor Robin Thoman says his proposed budget for 2010 would provide some property-tax relief. The proposed budget for next year is $613,685, compared with... – Sep 27, 2009 at 12:00 AM in Communities

In Lilly's pipeline: Profit or Peril? by John Russell

As Lilly rolls out its restructuring, some analysts wonder whether it’s too late Mike Heathman looked closely at a computer screen filled with graphs and charts, trying to... – Sep 20, 2009 at 1:00 AM in Business

Lilly's changes should extend to governance by indystar

As Eli Lilly and Co. embarks on a fundamental restructuring of its business operations, it seems an opportune time for the Indianapolis drug maker to also consider select changes... – Sep 20, 2009 at 12:41 AM in Daniel Lee

At Eli Lilly, even success brings some uncertainty by John Russell

Competition quickly may cut into crucial sales of blood thinner As Eli Lilly and Co. tries to speed the development of new drugs to stave off a significant drop in revenue, its... – Sep 16, 2009 at 1:06 AM in Health Care & Pharma

Lilly's pain could be shared by Indianapolis by Ted Evanoff

Cuts could eliminate 3,600 more jobs in wider economy, while restructuring could speed drugs from pipeline to market 12:50 PM — Lilly shares down 1% Shares of Indianapolis... – Sep 15, 2009 at 9:35 AM in Health Care & Pharma

Lilly workers comment on restructuring by indystar

We’d like to hear from Eli Lilly workers on how they will cope with the company’s restructuring? What will happen in your department? Please reply in the comments... – Sep 15, 2009 at 6:53 AM in Business

Lilly's outlook: partly cloudy by indystar

When Central Indiana’s premier employer announces that it plans to eliminate about one in every eight jobs in its worldwide operations, there’s no positive way to spin... – Sep 15, 2009 at 12:00 AM in Editorial

Frontier Air creditors clear reorganization plan by Tom Spalding

A bankrupt airline that is soon to be acquired by Indianapolis-based Republic Airways has had its reorganization plan approved by creditors. Frontier Airlines Holdings, Inc., the... – Sep 03, 2009 at 7:21 AM in Business

Co-founder assumes new roles by indystar

INDIANAPOLIS Direct voice marketing specialist Vontoo announced a restructuring Friday that includes a new CEO and reduced head count to cut costs and increase efficiency. Bob... – Jun 27, 2009 at 1:00 AM in Business

Arcadia Resources reports loss by indystar

Indianapolis Arcadia Resources cited restructuring costs and other one-time charges for a fourth-quarter net loss from continuing operations of $32.7 million, compared with a $4.5... – Jun 26, 2009 at 1:00 AM in Health Care & Pharma

4 companies in state to lay off workers by indystar

Columbus» At least four Indiana companies announced layoffs, this week: » Components Group, which makes metal stampings and assemblies, said it will close its plant in... – Jun 13, 2009 at 12:04 AM in Business

Judge delays ruling on Chrysler dealerships by indystar

NEW YORK — A hearing on Chrysler’s request to terminate the franchises of 789 of its dealers has been pushed back by a day. U.S. Judge Arthur Gonzalez will hear arguments... – Jun 03, 2009 at 1:49 PM in Business

Obama defends U.S. intervention in GM by indystar

WASHINGTON — President Barack Obama is defending the government’s intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the... – Jun 01, 2009 at 1:15 PM in Communities

UAW: GM to take back Delphi-Kokomo by indystar

General Motors Corp. has agreed to take ownership of five production facilities from bankrupt parts supplier Delphi Corp., including a plant in Kokomo, according to the United Auto... – May 27, 2009 at 1:00 AM in Business

Chrysler's downsizing claims 3 Indy dealers by Ted Evanoff

Announcement, and pending GM cuts, may cost 1,000 Hoosier jobs Shockwaves from Chrysler’s bankruptcy hit second-generation auto dealer Kevin Beltz Sr. like a funeral notice... – May 14, 2009 at 12:56 PM in Business

Colts drop personnel consultant by indystar

Anile had been with Colts’ front office for 11 years Dom Anile has become the latest of several longtime employees whose positions have been eliminated, the Indianapolis... – May 09, 2009 at 1:00 AM in Colts