Friday’s business headlines – WISH TV Indianapolis, IN

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INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines with Jane King.

GM considering Indiana for new battery plant

General motors and LG Energy Solution are considering building a battery cell manufacturing plant in the St. Joseph County town of New Carlisle.

The companies submitted a tax abatement application that it hopes will be approved sometime in the next few weeks.

GM’s first U.S. battery cell plant, in Warren, Ohio, is set to begin operations later this month.

Survey: Layoffs in works for many companies

Layoffs are in the works at half of U.S. companies, according to a new survey by Pricewaterhouse Coopers.

Half of the executives surveyed said they’re reducing headcount or plan to, and 52% have implemented hiring freezes.

At the same time, about two-thirds of firms say they are boosting pay or expanding mental-health benefits.

Millions of Americans still…

Read Full Story: https://www.wishtv.com/news/business/fridays-business-headlines-199/

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