Hillenbrand Industries


fired about 140 associates, including around 120 in the service organization.

The Batesville, Ind., funeral outfit said it and a union will also explore the possibility of moving a portion of its Hill-Rom unit's manufacturing capacity from Batesville to lower cost regions.

The company's shares were trading up 3 cents at $56.99 Wednesday.

This story was created through a joint venture between TheStreet.com and IRIS.