Pharmaceutical drug manufacture, Eli Lilly & Co. recently announced that it will soon be doing away with as many as 500 Indianapolis jobs. The company plans on abandoning its development of inhaled insulin thus making these positions unnecessary.

The termination of these Indianapolis jobs will effect those who work in manufacturing the insulin products Humalog and Humulin, along with those who work with the osteoporosis drug Forteo. Along with these positions, the company says they also plan to do away with some of its research and development jobs. Eli Lilly & Co. plans to reduce their staff numbers, if possible, through voluntary buyouts.

According to Edward Sagebiel, a company spokesperson, the layoffs will result in doing away with 4.2 percent of the Indianapolis jobs that the company offers. Over the last four years Lilly has decreased its worldwide employment by 5,500 people, or 12 percent. As of December 31st the company had 40,600 employees throughout the globe, 12,000 of which were located in Indianapolis.

He went on to say that there are several reasons for the necessity of the cuts. Between Lilly’s recent announcement that they will no longer be producing AIR insulin and improvements in how the company manufactures its pharmaceuticals, Sagebiel says that they can now meet the same demands with a smaller number of staff members.

Those employees that accept the buyouts will be leaving the company within the next three months.

Indiana’s March unemployment rate equaled that of the national average for the month at 5.1 percent, according to the Indiana Department of Workforce Development. Overall statewide employment decreased by 1,100 jobs, falling from 2,986,500 to 2,985,400 workers. The decline was attributed to seasonally-low construction growth caused partially by bad weather along with troubles in the housing market and the loss of jobs in Indianapolis and elsewhere in the manufacturing industry.

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As the capital of Indiana, the bustling city of Indianapolis has a national reputation for being one of the safest and cleanest cities in the country. This large U.S. city boasts the fact that they have more interstates converging in and around the city than anywhere else in the country.

This explains their name as the “Crossroads of America.” And it also explains why Indianapolis jobs are so attractive – ease of access and transportation in and around the city.

The city and its leaders possess an extremely forward-thinking and entrepreneurial attitude toward the expansion and development of new business and industry in the area. Corporate giants such as WellPoint, Roche Diagnostics Corporation, and Eli Lilly and Company call Indianapolis home. And the Indianapolis Motor Speedway fuels increased business growth and new employment opportunities.

If all of this not enough to make you look at Indianapolis jobs, then maybe the fact that they rank as #5 among the “Least Expensive large U.S. Cities for Doing Business.” The future for the city and its residents is secure with their commitment to economic growth.

Enter the gateway into Indianapolis and discover what’s so great about living in this diverse city!

Labels: Indianapolis jobs

Despite experiencing a recent rise in the unemployment rate, Indiana continues to have the lowest number of jobless residents in the Midwest region. In November the percent of the population not working rose from 4.6 percent to 4.7 percent, which is also the national average. At this time there are 150,848 unemployed residents in the state, which is 5,000 less than November of last year.

With 158 different companies committing to create new jobs in the Indianapolis area, there is little concern about the small increase in unemployment. Altogether the state is expecting more than 22,600 new positions, some which will be in Indianapolis. This increase in jobs will break the states previous commitment record set just a year ago.

One company planning on creating new Indianapolis jobs is Arcadia Healthcare. Arcadia's president and chief executive officer, Marvin R. Richardson, announced in October that he planned on relocating the company's headquarters from Detroit to Indianapolis. Richardson said this choice was easy to make due to the pro business environment created by Governor Daniels, two pharmacy schools to support their growth and strong support from the Indiana Economic Development Corporation, which is the state's premier economic development organization. Arcadia will bring with it 315 new Indianapolis jobs.

Also planning new job creation in the area is the company Veolia Water. Veolia currently provides water service to their approximately 1.1 million customers, all of which are located in central Indiana. Veolia plans on creating 95 new Indianapolis jobs in the recent future.

In response to the news of new jobs creation Indiana Chamber President Kevin Brinegar said that the state “is strongly outperforming its Midwest neighbors in attracting the high-paying, high-skilled jobs of today and tomorrow.”

He went on to say that “Indiana's status will only improve if local government efficient recommendations and meaningful property tax reform for all Hoosiers are enacted as part of the upcoming legislative session. Reduced spending and increased accountability, combined with more effective delivery of services, will be a winning formula to complement the state's recent successes.”

Many of the companies that have already committed to the creation of new jobs throughout the state have already began hiring. All of the businesses plan to reach their job creation commitment by 2012. The average hourly wage expected for these new positions is $20.56. Currently the state's average resident makes $18 an hour.

Labels: Indianapolis jobs