April 3, 2020 at 11:51 p.m.
Ardagh looks for more liquidity
Business roundup
Ardagh looks for more liquidity
Ardagh Group, parent of glass container manufacturing plants in Dunkirk and Winchester, moved on Friday to launch a bond deal to boost its cash position amid turmoil caused by COVID-19, The Irish Times reported.
The company is offering $500 million of senior secured notes that will mature in 2025, with $300 million earmarked to repay a term loan credit facility drawn down on March 23. The remainder will boost the company’s cash and committed liquidity levels to $1.3 billion, The Irish Times said.
“Overall demand has remained resilient to date, reflecting our focus on the beverage and food end use categories,” the company said in a press release. “Operationally, we are a core part of the supply chain and all our production facilities have continued to operate normally. Our supply chains have also continued to function satisfactorily to date.”
The company said that reduced global economic activity as a result of the pandemic could “adversely affect our ability to operate our business, including potential disruptions to our supply chain and workforce. The COVID-19 impact on capital markets could also impact our cost of borrowing.”
Need temps
General Motors could start hiring full-time temporary workers to build ventilators at its Kokomo facility, The Kokomo Tribune reported this week.
The company posted on Facebook that it was “looking to hire production members to assist our team’s immediate effort with the production” of ventilators in Kokomo.
Dan Flores, GM’s senior manager of communications, told The Tribune first dibs on the jobs will go to the current Kokomo workforce, which was furloughed on March 20 due to the COVID-19 outbreak. The company will then pull from the workforce at its stamping plant in Marion.
How many temporary employees GM hires from outside the Kokomo and Marion plants will depend on how many workers sign up to come back to build ventilators, Flores told The Tribune.
People can begin the process of applying for temporary jobs by visiting GM Career’s Facebook page and following the application link.
Resources available
Jay County Development Corporation is providing inks on its website to webinars and resources related to business assistance during the pandemic.
JCDC’s website is located at http://www.jaycountydevelopment.org.
“I will post the daily recorded webinars to the news tab of the JCDC website as they become available,” JCDC executive director Travis Richards said in an email.
Richards also provided a link to all the resources available to businesses that he is currently aware of: http://www.jaycountydevelopment.org/covid-19-business-resources/ “My goal is to maintain this list so everything is in one place and easily accessible,” he said.
Free Wi-Fi
Jay County REMC is offering a free Wi-Fi network for local students working on e-learning.
To access the Wi-Fi connection, it’s necessary to drive to the north parking lot of the REMC and call the REMC office at (260) 726-7121 to receive the network password.
Donation
The Heritage Group, parent of Milestone Contracting and U.S. Aggregates, has announced donations totaling $250,000 to food banks serving communities in which the companies do business.
Milestone has an office in Portland, and U.S. Aggregates owns and operates the former Meshberger Brothers stone quarry west of Portland.
In addition, Heritage Group has pledged $400,000 to the Gleaners Food Bank of Indiana which is helping to feed families with children in the Indianapolis Public School system.
Tyson bonuses
Tyson Foods Inc., parent of Tyson Mexican Original of Portland, announced Tuesday that it will pay about $60 million in “thank you” bonuses to 116,000 frontline workers and Tyson truckers in the U.S. who support the company’s operations every day to provide food during the COVID-19 pandemic.
Eligible team members will receive a $500 bonus, payable during the first week of July. The bonuses are in addition to other company-announced efforts to support workers, plant communities and livestock producers during the global pandemic.
“We’re proud of how our team members have stepped up during this challenging time to make sure we continue fulfilling our critical mission of feeding people across America,” Tyson Foods chief executive officer Noel White said in a prepared statement.
“Our company recently relaxed our attendance policy and we encourage our team members to stay at home if they’re exhibiting symptoms of COVID-19 infection. We’re taking additional precautionary measures, such as daily temperature checks at all our facilities and daily cleaning with extra sanitizing in high traffic areas.”
Tyson is restricting visitor access to its facilities and relaxed its attendance policy to reinforce the importance of staying home when sick or to meet childcare needs. It has implemented the use of temporal thermometers to check the temperature of team members before they enter company facilities and expects delivery of infrared temperature scanners following a successful trial. In addition, the company is offering protective face coverings for production workers who request them and is working with the CDC on additional guidance on the use of personal protective equipment.
Virtual fair
Indiana Department of Transportation has announced a virtual job fair in which more than 1,000 construction and related positions will be available. The virtual job fair is scheduled to begin at 10 a.m. on Thursday, April 16, and will last approximately one hour.
“Presenters will include representatives from both INDOT and the State Personnel Department. The program will cover what INDOT does, benefits in working for INDOT, how to apply for INDOT jobs, and details about specific jobs available in four main areas: Summer Seasonal State workers, Highway Maintenance Techs, Equipment Mechanics, and Construction Engineers,” a press release from INDOT said.
To register for the INDOT Virtual Job Fair, go to https://attendee.gotowebinar.com/register/7684424500148015117. All registrants will receive a link to the recording of the virtual job fair whether they are able to participate live or not.
Play it safe
McDonald’s is playing it safe during the coronavirus pandemic, with the launch of new precautionary health safety checks for employees across the U.S, Fox News reported.
The company announced this week it would be implementing “extra precautionary measures” to ensure restaurant workers are in good health at the start of each shift.
Upon reporting for duty, employees will be asked if they have been diagnosed with or are exhibiting symptoms associated with COVID-19, if they have been in close contact within the last two weeks with anyone infected with the viral disease and if they have been advised to self-quarantine by a health care provider or public health official due to potential exposure to or suspected case of the novel coronavirus.
If the employee answers “yes” to any of the questions, they will be sent home and not allowed to return to work until they have been cleared by a medical professional, McDonald’s said. Staffers who answer “no” to all of the coronavirus-check questions will be allowed to work as usual.
Benefit update
The Indiana Department of Workforce Development is hosting a Facebook Live Event with agency leaders to discuss the latest available details on the federal stimulus package and how it affects unemployment insurance benefits.
The live event will be held at 10:30 a.m. on April 8 and will be recorded and made available to the public on DWD’s Facebook page.
To join live and to access the recording after the event, go to DWD’s Facebook page: https://www.facebook.com/IndianaDWD/
I&M updates
Indiana Michigan Power said this week it does not anticipate any interruptions in service related to the coronavirus.
“I&M’s No. 1 focus is on the health and safety of our customers and employees as our teams continue to work to keep the lights on 24/7. We have updated our emergency plans for the COVID-19 pandemic and we continue to closely monitor the situation,” the company said.
I&M is donating 10,000 masks and 10,000 individual nitrile gloves from its inventory to health-care workers and first responders in Indiana and Michigan. The mask is the much-needed N95 mask, and the gloves are nitrile gloves, made from a synthetic rubber.
In addition the American Electric Power Foundation has made a donation of $50,000 on behalf of I&M to Second Harvest Food Bank of East Central Indiana.
“We want to thank the AEP Foundation and I&M for this donation as we help our community members who are deeply impacted by this public crisis,” said Tim Kean, Second Harvest president, in a prepared statement. “The funds will help Second Harvest remain committed to ensuring healthy food is available to anyone who may need a helping hand during this uncertain time.”
Accredited
LifeStream Services has received a three-year accreditation of Case Management and Long-Term Services and Supports from the National Committee for Quality Assurance. Megan Velasquez, Director of Client Services, shared:
NCQA is a private, nonprofit organization dedicated to improving health care quality. It accredits and certifies a wide range of health care organizations.
Low risk
The World Health Organization has reported that the risk of COVID-19 from commercial products is low.
According to the WHO, the likelihood of an infected person contaminating commercial goods is low and the risk of catching the virus that causes COVID-19 from a package that has been moved, travelled, and exposed to different conditions and temperature is also low.
The company is offering $500 million of senior secured notes that will mature in 2025, with $300 million earmarked to repay a term loan credit facility drawn down on March 23. The remainder will boost the company’s cash and committed liquidity levels to $1.3 billion, The Irish Times said.
“Overall demand has remained resilient to date, reflecting our focus on the beverage and food end use categories,” the company said in a press release. “Operationally, we are a core part of the supply chain and all our production facilities have continued to operate normally. Our supply chains have also continued to function satisfactorily to date.”
The company said that reduced global economic activity as a result of the pandemic could “adversely affect our ability to operate our business, including potential disruptions to our supply chain and workforce. The COVID-19 impact on capital markets could also impact our cost of borrowing.”
Need temps
General Motors could start hiring full-time temporary workers to build ventilators at its Kokomo facility, The Kokomo Tribune reported this week.
The company posted on Facebook that it was “looking to hire production members to assist our team’s immediate effort with the production” of ventilators in Kokomo.
Dan Flores, GM’s senior manager of communications, told The Tribune first dibs on the jobs will go to the current Kokomo workforce, which was furloughed on March 20 due to the COVID-19 outbreak. The company will then pull from the workforce at its stamping plant in Marion.
How many temporary employees GM hires from outside the Kokomo and Marion plants will depend on how many workers sign up to come back to build ventilators, Flores told The Tribune.
People can begin the process of applying for temporary jobs by visiting GM Career’s Facebook page and following the application link.
Resources available
Jay County Development Corporation is providing inks on its website to webinars and resources related to business assistance during the pandemic.
JCDC’s website is located at http://www.jaycountydevelopment.org.
“I will post the daily recorded webinars to the news tab of the JCDC website as they become available,” JCDC executive director Travis Richards said in an email.
Richards also provided a link to all the resources available to businesses that he is currently aware of: http://www.jaycountydevelopment.org/covid-19-business-resources/ “My goal is to maintain this list so everything is in one place and easily accessible,” he said.
Free Wi-Fi
Jay County REMC is offering a free Wi-Fi network for local students working on e-learning.
To access the Wi-Fi connection, it’s necessary to drive to the north parking lot of the REMC and call the REMC office at (260) 726-7121 to receive the network password.
Donation
The Heritage Group, parent of Milestone Contracting and U.S. Aggregates, has announced donations totaling $250,000 to food banks serving communities in which the companies do business.
Milestone has an office in Portland, and U.S. Aggregates owns and operates the former Meshberger Brothers stone quarry west of Portland.
In addition, Heritage Group has pledged $400,000 to the Gleaners Food Bank of Indiana which is helping to feed families with children in the Indianapolis Public School system.
Tyson bonuses
Tyson Foods Inc., parent of Tyson Mexican Original of Portland, announced Tuesday that it will pay about $60 million in “thank you” bonuses to 116,000 frontline workers and Tyson truckers in the U.S. who support the company’s operations every day to provide food during the COVID-19 pandemic.
Eligible team members will receive a $500 bonus, payable during the first week of July. The bonuses are in addition to other company-announced efforts to support workers, plant communities and livestock producers during the global pandemic.
“We’re proud of how our team members have stepped up during this challenging time to make sure we continue fulfilling our critical mission of feeding people across America,” Tyson Foods chief executive officer Noel White said in a prepared statement.
“Our company recently relaxed our attendance policy and we encourage our team members to stay at home if they’re exhibiting symptoms of COVID-19 infection. We’re taking additional precautionary measures, such as daily temperature checks at all our facilities and daily cleaning with extra sanitizing in high traffic areas.”
Tyson is restricting visitor access to its facilities and relaxed its attendance policy to reinforce the importance of staying home when sick or to meet childcare needs. It has implemented the use of temporal thermometers to check the temperature of team members before they enter company facilities and expects delivery of infrared temperature scanners following a successful trial. In addition, the company is offering protective face coverings for production workers who request them and is working with the CDC on additional guidance on the use of personal protective equipment.
Virtual fair
Indiana Department of Transportation has announced a virtual job fair in which more than 1,000 construction and related positions will be available. The virtual job fair is scheduled to begin at 10 a.m. on Thursday, April 16, and will last approximately one hour.
“Presenters will include representatives from both INDOT and the State Personnel Department. The program will cover what INDOT does, benefits in working for INDOT, how to apply for INDOT jobs, and details about specific jobs available in four main areas: Summer Seasonal State workers, Highway Maintenance Techs, Equipment Mechanics, and Construction Engineers,” a press release from INDOT said.
To register for the INDOT Virtual Job Fair, go to https://attendee.gotowebinar.com/register/7684424500148015117. All registrants will receive a link to the recording of the virtual job fair whether they are able to participate live or not.
Play it safe
McDonald’s is playing it safe during the coronavirus pandemic, with the launch of new precautionary health safety checks for employees across the U.S, Fox News reported.
The company announced this week it would be implementing “extra precautionary measures” to ensure restaurant workers are in good health at the start of each shift.
Upon reporting for duty, employees will be asked if they have been diagnosed with or are exhibiting symptoms associated with COVID-19, if they have been in close contact within the last two weeks with anyone infected with the viral disease and if they have been advised to self-quarantine by a health care provider or public health official due to potential exposure to or suspected case of the novel coronavirus.
If the employee answers “yes” to any of the questions, they will be sent home and not allowed to return to work until they have been cleared by a medical professional, McDonald’s said. Staffers who answer “no” to all of the coronavirus-check questions will be allowed to work as usual.
Benefit update
The Indiana Department of Workforce Development is hosting a Facebook Live Event with agency leaders to discuss the latest available details on the federal stimulus package and how it affects unemployment insurance benefits.
The live event will be held at 10:30 a.m. on April 8 and will be recorded and made available to the public on DWD’s Facebook page.
To join live and to access the recording after the event, go to DWD’s Facebook page: https://www.facebook.com/IndianaDWD/
I&M updates
Indiana Michigan Power said this week it does not anticipate any interruptions in service related to the coronavirus.
“I&M’s No. 1 focus is on the health and safety of our customers and employees as our teams continue to work to keep the lights on 24/7. We have updated our emergency plans for the COVID-19 pandemic and we continue to closely monitor the situation,” the company said.
I&M is donating 10,000 masks and 10,000 individual nitrile gloves from its inventory to health-care workers and first responders in Indiana and Michigan. The mask is the much-needed N95 mask, and the gloves are nitrile gloves, made from a synthetic rubber.
In addition the American Electric Power Foundation has made a donation of $50,000 on behalf of I&M to Second Harvest Food Bank of East Central Indiana.
“We want to thank the AEP Foundation and I&M for this donation as we help our community members who are deeply impacted by this public crisis,” said Tim Kean, Second Harvest president, in a prepared statement. “The funds will help Second Harvest remain committed to ensuring healthy food is available to anyone who may need a helping hand during this uncertain time.”
Accredited
LifeStream Services has received a three-year accreditation of Case Management and Long-Term Services and Supports from the National Committee for Quality Assurance. Megan Velasquez, Director of Client Services, shared:
NCQA is a private, nonprofit organization dedicated to improving health care quality. It accredits and certifies a wide range of health care organizations.
Low risk
The World Health Organization has reported that the risk of COVID-19 from commercial products is low.
According to the WHO, the likelihood of an infected person contaminating commercial goods is low and the risk of catching the virus that causes COVID-19 from a package that has been moved, travelled, and exposed to different conditions and temperature is also low.
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