Business

Thursday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.

Rolls-Royce

Rolls Royce in Indianapolis has been awarded a contract from the U.S. Department of Defense. The more than $34 million agreement is a modification to a previously-awarded contract for the production of gas turbine engines.

The U.S. Navy is procuring the engines directly from Rolls-Royce and providing them to Textron.

The work is expected to be completed in Indianapolis by June 2022.

Purdue union

Merrillville-based White Lodging will hold a job fair this Friday for people interested in working in the newly renovated Union Club Hotel at Purdue University.

The hotel is holding a job fair June 12 from 4-8 p.m. for positions at the restaurant, bar and coffee shop.

The Union Hotel has spent the last two years undergoing renovations that will also have a whiskey bar, new coffee shop and a bistro.

Gen Zers

A shocking one in four young American workers lost their job due to the coronavirus.

Pew Research says many Gen Zers, those 23 and younger, lost jobs in retail and hospitality.

Earlier reports had already indicated that Gen Zers were impacted most severely by the pandemic.

Jobless claims

Layoffs in the United States are abating but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits.

When the weekly jobless numbers are released later Thursday, 1.6 million Americans are to have expected to filed for first time payments Wednesday.

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