Indianapolis engineering firm Schneider Corp. plans to lay off 30 employees, blaming the economic downturn.
The third-generation, family-owned company said it needed to make management changes to stay competitive.
Schneider, founded in 1962 has grown significantly in recent years, jumping from $25 million in 2004 to $35 million in 2007.
“The corporation is well-positioned for continued growth,” said Tom Vanneman, Schneider Corp. president, in a statement. “However, we feel it necessary to make certain changes in response to the economic downturn impacting our clients. We have seen a dramatic deterioration in the housing industry and the recent credit crisis has also slowed the commercial and retail sectors.”
Schneider, headquartered at Fort Harrison, has offices in Avon, Carmel, Merrillville and West Lafayette and in the past three years has grown to include offices in North Carolina, Tennessee and Iowa.
Schneider will employ 300 after the job cuts. It did not say what offices would see the cuts.
Schneider specializes in engineering, geographical mapping and land surveying.
It has 500 clients in 22 states. It was one of the companies selected to conduct the $1.8 million state-ordered reassessment of commercial and industrial properties in Marion County this year.
Tuesday, January 29, 2008
Schneider laying off 30 Indy employees
Schneider Corp. in Indianapolis is laying off 30 employees: