Indianapolis foundry to close Sept. 30, eliminating 881 jobs

The Centre Daily Times ^ | Fri, Aug. 12, 2005 | KEN KUSMER - Associated Press

[Gaffer]

Havoc certainly seems inconsistent with normal FR posters and Warchild9 seems too enamoured with his self-touted academic 'credentials'........a PhD in history only means you have to learn and spout-off whatever your faculty advisors and the rest of their ilk think. History - easily one of the more misused, misquoted, misunderstood, and mis-applied disciplines..if it were a PhD in Electrical Engineering, I'd be more impressed...

[Gabz]

Sorry, but it is you who needs to buy a clue.......

I will explain it slowly to you..............WalMart has nothing to do with this particular loss of manufacturing jobs, does it? Of course not, thus the sarcastic/tongue-in-cheek nature of my comment.

The loss of any US manufacturing job is a not a good thing.....however, it is not as if this is a surprise to these people or they did not have a hand in the demise of their own jobs.......it was part of the contract negotiation of the union, which is usually voted upon by the rank and file.

[Havoc]

I didn't fail; so, why would that be a question - oh yeah, rhetoric.. the lie that poses as an argument.

[1rudeboy]

I'll see Willie's 881 jobs, and raise him 600. Please note that they are in-sourced.

Roche Diagnostics Corp., a U.S. subsidiary if Switzerland's Roche Group, announced in April 2003 a new investment in its Indianapolis-based headquarters that will create 600 additional jobs by 2012 while protecting 2,150 existing ones. The $135 million investment will allow Roche to undertake several projects that will expand its research and development department as well as laboratory, manufacturing, distribution, information technology and corporate headquarter operations. After competing with other cities, the people of Indianapolis are pleased that 2,750 jobs are staying or being created in the city.
Source

[atlanta67]

""Willie Green's not a troll.""

he's not a troll, just a Luddite. He is very much like William Jennings Bryan who lamented 100 years ago that american's moving from the farms to the cities for factory jobs was going to result in the country's demise.

Some people cannot embrace change and rise to the challenge, they jsut cower in fear. These people are usually run over by history

[atlanta67]

I work in the service industry and earn far more than any factory worker

[1rudeboy]

U.S. subsidiaries support 91,200 manufacturing jobs in Indiana, an increase of 15% over five years.

Overall, approximately 66.4% of jobs at U.S. subsidiaries in Indiana are in manufacturing industries.

Prominent U.S. Subsidiaries in Indiana:

• Bayer Corporation

• DaimlerChrysler [well, maybe]

• GKN

• ICI

• Ispat Inland Steel Company

• Michelin North America, Inc.

• Roche Diagnostic Corp. [see my earlier reply]

• Rolls Royce Allison

• Saint-Gobain

• Sodexho Inc.

• Subaru of Indiana Automotive, Inc.

• Thomson Consumer Electronics

• Tomkins Industries

• Toyota Motor North America

• Unilever United States

• Zurich North America

[durasell]

http://www.fxstreet.com/economagic/data/blsla/lauMT18269003.asp

[1rudeboy]

Am I reading you correctly? You posted data that the unemployment rate in Indianapolis skyrocketed 0.9% in 25 years? Any word on whether its working population rose or fell during the same period?

[M Kehoe]

According to the same source, the unemployment rate stayed at 5.0% (a terrific rate in anyone's book). So if 207,000 jobs were added, a proportional amount of jobs were lost. A wash.

Not true (the "wash" part). Why? There are other metrics regarding "employment." I'll give you two: Farm payrolls and self employment. Those stats don't show in the 5.0%. And to top it off, many economists believe there is a "core" unemployment rate that is static. Estimates are between 2-4%. Those in this metric will never get a job, or will never be counted on a payroll.

5.56mm

[durasell]

You would have to look up census data for that. But the employment rate seems to be fairly stable. I don't know if low wage jobs are replacing high wage jobs since the data doesn't give income levels.

However, on the face of it, I think that Willie Green, who usually posts pretty good stories, fell down on this one.

[1rudeboy]

I don't think Willie "fell down." He's just being Willie.

[Emerging Patriot]

Good point, but you are out of touch.

Foundry operations, molding companies, & basic manufacturing all over the country have already closed right and left because they can not compete with overseas competition... that is unless they find a way to make their services more valuable in some way. In short, we have already lost much of what we had.

This era requires manufacturers to be very creative to compete while remaining in the US. What results is that domestic manufacturers are now often the best performers, yet they must be selective to use US resources on only items that they can add enough value to lower total costs to the customer. They have overseas partners that can take the other projects.

While we still have an enormous manufacturing capacity, I find it astonishingly improbable that we could ever be the arsenal of democracy as we were in the late 1930's and early 1940's. However, in the early 20th century, numbers were everything... conscript your own population to build your army's size. Now, quality matters far more than quantity.

Perhaps we do not need all the capacity to support our national security.

[durasell]

I enjoy his posts on the housing bubble and the debates they spark. Unemployment is a much more tricky issue. The numbers don't tell the whole story and since it's more closely linked to politics, people tend to approach it with partisan views already firmly in place.

[mysterio]

Where are the jobs going?

I bet I can guess.

Maybe all of the workers can help Mitch build the new Canada to Mexico I-69 extension. Through small towns and farms.

Thanks, NAFTA/CAFTA.

[atlanta67]

you know for a fact NAFTA is responsible?

[ex-snook]

"April 2003" Hey Jobs announced in '2003' is that a misprint, not 2005?

[1rudeboy]

Probably not. Although, if you recall being here in 2003, we were just as doomed then as we are now, if not more so.

[MikefromOhio]

ha!

No. I am NOT the one trying to prove my point by pointing at other's misery.....I am making fun of the one who does, EVERY Weekend.

[mysterio]

No. That's why I asked where the jobs are going. But NAFTA has caused many Indiana manufacturing jobs to move to Mexico in the past decade. It's because NAFTA allows corporations to use Mexico as a 51st state. In that "state," corporations can pay workers much less and pollute much more. Wouldn't be surprised to find out that those jobs are going south.