Baumann & Sons Buses Inc. has cut its workforce by 134 people, having recently given layoff notices. These bus driver layoffs are affecting employees who were part of a union working in the Nassau County School District. More interesting is the timing of the layoffs, which were announced only a week after bus drivers returned from (more…)
Shoe Retail Company Trying to Stay Afloat Shiekh Shoes is searching for financing in order to avoid having to file for bankruptcy protection. The struggle that the retail company is facing is simply not having enough cash flow.
Payless Job Cuts to Have Negative Impact on the Topeka Economy Payless ShoeSource, Inc. is yet another retailer reducing its overall employee headcount. It is estimated that up to 40% of the workforce, or about 200 employees, at the corporate office in Topeka, Kansas will be laid off. The company filed for bankruptcy in April due to a (more…)
Fred’s, Inc. (NASDAQ:FRED) confirmed that it has given layoff notices to at least 90 employees, just a week before Thanksgiving. The Fred’s layoffs notice came out without warning and was a complete surprise to many. Fred’s layoffs included a wide range of employee, even those who have spent a greater part of their working lives with (more…)