Tuesday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines.
Cyber Monday
There were a trillion visits to retail websites.
Smartphones, Beats headsets and video games were the top sellers.
There was also a trend to ordering online and picking up at the store.
The projections were for $7.8 billion spent Monday, final numbers will be out later Tuesday.
Casket
Matthews Aurora Funeral Solutions, part of Pittsburgh-based Matthews International, is closing its casket-making plant in Richmond.
It will move production to Aurora, Indiana as well as Pennsylvania.
It’s not clear how many employees wil be affected. While the EDC’s website lists Matthews as having 200 workers, that includes those at the company’s metal stamping and distribution sites in Richmond, both of which will remain.
GM jobs
GM will halt production at several plants and cut more than 14,000 jobs.
The reductions are part of a massive restructuring.
The United Auto Workers responded by vowing to use “every legal, contractual and collective bargaining avenue” to fight the changes.
President Trump also complained.
General Motors will end production of six sedans by the end of 2019 including the Volt, Cruze and Impala.
Southwest Airlines
Southwest Airlines had to abruptly ground 34 Boeing 737-700 aircraft on Thanksgiving eve when the low-fare carrier discovered that the maintenance paperwork related to the grounded planes was not in compliance with Federal Aviation Administration.
Southwest was required to do immediate detailed visual inspections.