Another view: Indiana touts opportunities even as plant closes
Job loss at Wakarusa plant and others in the region hurt, but state officials, others see hope
The closing of a plant in Wakarusa, IN and in two other neighboring cities will displace 1,400 workers. While they face an uncertain future, state officials are touting incoming jobs to the region and the opoportunity to retrain for some of the new jobs in manufacturing, accoridng to the South Bend Tribune . State and workforce development officials say the willingness of displaced workers to be flexible and to seek education to prepare them for new jobs opening in the region are key factors in how long it may take to find new employment.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey