Batesville Herald Tribune, Batesville, Indiana

Local News

January 24, 2014

350 Hill-Rom jobs slashed

About 350 Hill-Rom positions will be cut in the United States and Europe, representing 5 percent of its global work force, according to a Jan. 23 company news release written by Acquire Media about first quarter results and the revised 2014 outlook, which showed first quarter revenue of $393 million declined 8 percent vs. the prior year.

Leaders are implementing a comprehensive restructuring program that will include streamlining operations in the United States and Europe, including establishing a shared services center in Europe; reduction of European manufacturing capacity, with the planned closure of one facility and downsizing of capacity throughout its remaining European manufacturing network, the report stated.

John Greisch, Hill-Rom president, said in the news release, "This quarter demonstrates the inherent volatility and current challenges in our capital equipment markets. We are clearly disappointed by our weaker than expected results. However, we remain committed to driving long-term margin improvement through aggressive management of our operating cost structure, as demonstrated by the restructuring actions we announced today. At the same time, we will pursue improvements to our portfolio, in a manner consistent with our disciplined capital allocation framework, in order to continue to deliver value to our customers and shareholders." 

The company anticipates substantially completing the domestic portion of the restructuring now through March. The European restructuring is expected to be completed over the next two years.

When all actions are done, savings are expected to be approximately $30 million annually. Savings in 2014 are expected to exceed $8 million, excluding restructuring charges. Restructuring charges are expected to be about $50 million, with $15-$20 million to be incurred in the next few months. 

The Herald-Tribune is awaiting company response about this action's impact on Batesville personnel.

 

1
Text Only
Local News
  • Five new cars and trailer burn on interstate Six Batesville firefighters responded to a car-carrier truck fire on westbound Interstate 74 just behind Batesville High School at 11:25 a.m. Sunday, July 27, according to Fire Chief Todd Schutte. The chief also called for tanker support from Oldenbu

    July 29, 2014

  • nws - bv072914 - cincinnati orchestra Symphony highlights arts council's 25th anniversary The Franklin County Arts Council, currently celebrating its 25th anniversary, was established when Franklin County High School opened in Brookville.Vice President Patti Wilhelm, Brookville, who has been involved with the organization for 24 years, re

    July 29, 2014 1 Photo

  • nws - bv072914 chinese classroom Educators work and play in China ”I loved China!” raves Batesville Middle School language arts and special education teacher Alex Davis, who worked in Beijing with five other Batesville Community School Corp. educators June 28-July 18 to sharpen the English skills of Chinese incomin

    July 29, 2014 2 Photos

  • State police post meth lab closures online Area residents can search a new Web-based listing of meth lab addresses in Ripley and Franklin counties. The Indiana State Police unveiled the online database on the Indiana Methamphetamine Investigation System Web site, www.in.gov/meth. It lists not

    July 29, 2014

  • nws - bv072514 - BCSC lowery leaves Lowery leaves school board Batesville resident Chris Lowery’s appointment as Ivy Tech Community College Columbus/Southeast chancellor caused him to resign from the Batesville Community School Corp. board July 21.He has been a District 3 trustee for a dozen years, serving as bo

    July 25, 2014 1 Photo

  • National Night Out set for Aug. 4 Area residents can enjoy a grill-out and pool party by attending the local National Night Out Monday, Aug. 4, from 5:30-8 p.m. at the Batesville Memorial Pool. Sponsored by the Coalition for a Drug-Free Batesville and the Fraternal Order of Police, t

    July 25, 2014

  • Batesville Summer Bash starts Aug. 1 The third annual Batesville Summer Bash begins at 8 a.m. Friday, Aug. 1, and runs until 10 p.m. Saturday, Aug. 2, in downtown Batesville. The event features sidewalk sales, including home-based business booths; the Saturday morning farmers’ market an

    July 25, 2014

  • Shell building site determined The Batesville Economic Development Commission pinpointed where to construct a shell building within the city’s vacant industrial park July 18.Consultant Greg Martz of GM Development, New Castle, recommended a 7-acre site just east of Merkel Road and

    July 25, 2014

  • Babe Ruth Tournament benefits the whole community Local leaders pointed out the benefits resulting from hosting the 10 and under Central Indiana Babe Ruth Tournament at The Plex here July 10-13. Seven teams participated in the tourney, bringing more than 120 young players to Batesville, plus familie

    July 25, 2014

  • Brother charged in shooting

    July 23, 2014

Featured Ads
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Photo Gallery


Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Facebook