Urschel Laboratories Inc. has never laid a single employee off in its 106-year history.
The company, the world leader in food slicing and dicing equipment, has had stable demand even during downturns because "everybody's got to eat," President and Chief Executive Officer Rick Urschel said.
But the Porter County-based company, whose customers include McDonald's, Lay's, Gerber and Progresso, also does things a little differently than most employers to keep people on the job.
Employees work 45 to 50 hours a week so when there's a recession the company can cut back on hours rather than let people go, such as during the Great Recession of 2008 when the company responded to slowing sales by tightening its belt and delaying capital projects.
"When we can keep full-time employees, we can focus our time and effort on the business instead of training new employees," said company President and CEO Rick Urschel.
READ COMPLETE ARTICLE