Lilly Reorganizing, Cutting 5,500 Jobs

Drugmaker Eli Lilly to cut thousands of jobs and reorganize into five business units to slash costs and speed up development of potential new drugs.

Sep 21st, 2009

More in Home

In this Nov. 28, 2018 file photo, people work in their office after the Rockefeller Center Christmas tree is lit during the 86th annual Rockefeller Center Christmas tree lighting ceremony in New York.

Holiday Staffing Issues a Big Stressor for Business Owners

Even companies that aren't retailers or restaurants can have a year-end busy season, just when employees all want to take time off.

In this Nov. 27, 2018 file photo, a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, OH.

AP: Trump's Rust Belt Revival is Fading. Will it Matter in 2020?

A year away from Election Day, President Trump's promised coal and steel renaissance is not materializing.

Tanks 406908 1920

Agency: No Alert System at Texas Facility Damaged by Fire

In this June 19, 2019 file photo, the Washington news conference of Federal Reserve Chair Jerome Powell appears on television screen on the trading floor of the New York Stock Exchange shows the rate decision of the Federal Reserve.

Fed Cuts Rates a 3rd Time this Year but Signals Likely Pause

The Fed's move reduces the short-term rate it controls — which influences many consumer and business loans — to a range between 1.5% and 1.75%.

Debris can be seen as emergency personnel and others search and clear the scene of an explosion and fire at AB Specialty Silicones chemical plant May 4, 2019, in Waukegan, IL.

OSHA Proposes $1.59M Fine after Deadly Silicone Plant Blast in Illinois

The agency announced Friday it found 12 willful federal safety violations at AB Specialty Silicones in Waukegan, IL following the May 3 explosion.

PwC: Scale Transactions will Remain the Focus for Industrial Manufacturing Sector

2019 M&A activity in industrial manufacturing has been driven by scale transactions, and it's expected to continue into next quarter and 2020.

Stanley B&D to Reduce Headcount, Plants Amid Slowing Demand

SBD outlined a cost-reduction plan that includes adjusting total headcount and production footprint in response to weakened industrial demand and the impact of tariffs.

In this Monday, Sept. 23, 2019 photo Maria Alvarez, front, and her husband Guillermo Alvarez, behind, both of Boston, examine clothes washers and dryers at a Home Depot store location, in Boston.

US Durable Goods Orders Fall 1.1% in September

The declines underscored the troubles manufacturing is having in the face of a global slowdown and trade war uncertainty.

NJ Fencing Company Fined $370K for Repeat OSHA Violations

The violations cover lockout/tagout procedures, machine guards, proper warehouse lighting, an obstructed loading dock and blocked electrical disconnects.

Forklift 835343 1920

US Labor Market Shows Signs of Slowing in Q3

While job switchers benefit amid tight labor market, wage growth for switchers began to stabilize.

Divorce I S Tock

In Owners' Divorces, Businesses can Become Part of the Fight

Even when ownership isn't at stake, the rancor and uncertainty around a divorce can take a toll on a company.

Discrimination I Stock

Survey: 61% of US Employees Have Experienced Or Witnessed Discrimination at Work

The study also shows that hiring for jobs to improve corporate diversity and inclusion efforts is up 30 percent year-over-year.

Continental Factory Stoecken Hanover Data (1)

Continental to Restructure Business, Spin Off Powertrain Unit

The car parts maker alludes the move is part of its pivot to supporting ongoing business around vehicle electrification.

In this Sept. 18, 2019 photo, a new heavy duty Caterpillar grader awaits modification at Puckett Machinery Company in Flowood, MS.

Slowing Global Economy Hits Caterpillar in Q3

The equipment and machinery maker's revenue and sales declined by about 6 percent as dealers slashed inventories by about 400 percent.