The ripple effect of large-scale layoffs can linger for years and keep the next generation from going to college. In fact, children who see widespread layoffs as they grow are less likely to enrol in higher education, even if no one in their family loses a job.
PVH Corp. (NYSE/PVH), a clothing giant better known as Phillips-Van Heusen, has said it is closing a warehouse at 3915 Volunteer Drive in Chattanooga, Tennessee. The company filed an official WARN Notice with the Tennessee Department of Labor and Workforce Development, noting that the permanent closure will take place on July 14, leaving 85 employees out of work.
Sutter Health California Pacific Medical Center said it is closing St. Luke’s skilled nursing and sub-acute unit, a move that will leave 72 nurses and nursing assistants without work. In a letter sent to employees of the San Francisco-based hospital, the layoff will take place in August and the entire unit will close on October (more…)
In the face of a major overhaul of the U.S. healthcare system, hospitals nationwide are both slashing jobs and cutting back on new hires as financial pressures weigh down administrations and concerns about the direction Republicans will steer healthcare policy mounts.
General Motors Company (NYSE:GM) announced plans to eliminate the third shift at its Fairfax Assembly Plant in late September. The idling of the third shift means 1,000 employees, or 33% of the plant, will receive pink slips. The plant, which currently employees more than 3,000 people, produces only one model, the “Chevrolet Malibu.”
Earth Pride Organics, a family-owned holding company, announced it has filed for Chapter 11 bankruptcy protection. The Lancaster, Pennsylvania-based company brands itself as a developer of organic foods. The company was founded five years ago and has grown to include four subsidiaries: American Specialty Foods (a sales and marketing company), CO Nolt Bakery Supply (a (more…)
While President Donald Trump promised to bring American jobs back to the U.S. on the campaign trail, many big U.S. companies continue to outsource jobs to countries like India. And the trend is even increasing. Outsourcing U.S. jobs hurts the local economies, but the companies say it helps cut costs and stay competitive. Fashion retailer (more…)
Sunset Partners Inc., the parent company of popular Boston University eateries Sunset Cantina and Sunset Grill & Tap, filed for bankruptcy. The restaurants will continue to pour beer and sling food for hungry university students while the company reorganizes its debt.
Papaya Clothing Files for Bankruptcy American retailer Papaya Clothing, which sells apparel, shoes, and accessories for teens and young women, has filed for Chapter 11 bankruptcy protection as the company faces a liquidity crisis. The company has a workforce of roughly 1,300 employees, many of whom will face layoffs as stores close.
GE Transportation confirmed another round of broad-based layoffs, which will occur over the next 30 days in Erie and Grove City, Pennsylvania.