Branch Closings

Assurant Layoffs in 2018 Due to Mobile Solutions Division Shutting Down

Assurant layoffs

Assurant Mobile Solutions will close its doors on its mobile tech support business in Lewisville, Texas. This will result in Assurant layoffs of 250 employees. The business was focused on repairing mobile devices, as well as the logistics aspects. Assurant Mobile Solutions is a division of Assurant, Inc. (NYSE:AIZ), its parent company. The mobile solutions company (more…)

Wal-Mart Stores Inc Closing 63 Sam’s Club Stores: Illinois Leads the List of Closures

Sam's Club Store Closings

Walmart giveth and Walmart taketh away. On Thursday, Wal-Mart Stores Inc (NYSE:WMT)–which will be changing the company name to “Walmart” effective February 1–announced it was raising the starting hourly wages for its U.S. employees to $11.00, expanding employee benefits, and offering workers bonuses of up to $1,000. However, it then unexpectedly announced it was permanently (more…)

Hobbico Bankruptcy: Declining Sales Led to Filing of Chapter 11, Over 300 Job Cuts Could Follow at Champaign, IL

Hobbico Bankruptcy

Hobby products manufacturer Hobbico, Inc. has gone through the process of filing for Chapter 11 bankruptcy protection. Located in Champaign, Illinois, layoffs could follow as a result of Hobbico’s Chapter 11 protection, leaving 332 employees. Hobbico’s bankruptcy can be attributed to several factors, including heavy debt and, perhaps most importantly, Hobbico’s sales decline over 2017. The (more…)

Kentucky Electric Steel Closing Ashland Plant, 113 Out of Work

Kentucky Electric Steel Closing Plant

Kentucky Electric Steel will be shuttering its plant in Ashland, Kentucky on March 10, resulting in 113 job cuts. The company cited “current business challenges” as the reason. and said that the closing of the plant is expected to be permanent. Some unionized workers may have bumping rights, which means they could take the jobs of (more…)

Brookstone Store Closing Adds to List of Retail Store Closures in SouthPark Mall, Charlotte, NC

Brookstone Store Closing

Brookstone, a nationwide specialty realtor known for its consumer gadgets and electronics, is closing its store in the SouthPark Mall in Charlotte, North Carolina at the end of January. The mall, which is owned by Simon Property Group Inc (NYSE:SPG), said no new tenant has been announced yet for the soon-to-be vacant space. Brookstone is just (more…)