Sunday, September 17, 2006

Local Ford plant to feel impact of cuts

WTHR - Indianapolis News and Weather - Local Ford plant to feel impact of cuts:
"The nation's number two automaker will cut tens of thousands of jobs. Those cuts will include thousands of hourly and salaried workers in Indiana.

Ford announced it will sell or close its steering gear plant in Indianapolis by the end of 2008, idling 2,200 workers. It's still not clear how the announcement would impact Visteon plants in Connersville and Bedford. They supply parts for Ford.

Ford dropped a bomb on Friday, announcing it would close two plants, cut more than 10,000 salaried workers and offer buy-outs to all of its 75,000 US hourly workers. In addition, the company says it will close or sell its Automotive Components Holdings operation."

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Sale of 26 Marsh stores approved by bankruptcy court, remaining 18 stores to close

From Fox59 On Tuesday, FOX59 learned two companies won the bidding war: Topvalco and Generative Growth II. Topvalco is a Kroger subsidiary...