3M Co (NYSE:MMM) is undertaking a restructuring of sorts, with its Eagan, Minnesota plant closing in 2018 and its reallocation of resources across the business. 3M’s business realignment, as the company is calling its shift, will see the Eagan plant shut down sometime in 2018. With the 3M plant closing, this represents another hit to (more…)
Charming Charlie LLC, a Houston-based jewelry retailer, has filed for Chapter 11 bankruptcy protection as the company succumbs to the challenges faced by the retail industry, namely a decline in mall foot traffic and the ever-increasing prominence of online shopping. The Charming Charlie bankruptcy will result in some major changes for the company; nearly 100 (more…)
Molded Fiber Glass Companies announced it is shuttering its wind turbine blade manufacturing plant in Aberdeen, South Dakota. The move will result in 409 layoffs. The plant is expected to close for good on February 15. The 409 job losses at Molded Fiber Glass represents the area’s second-largest round of layoffs in the past 30 (more…)
West Virginia layoffs for 2017 will be adding 260 more names to the list as a mine in the state has been idled, killing jobs. The reasons for the idling have been attributed to adverse geological conditions and market issues.
General Electric Company (NYSE:GE)—better known as GE—has not had an easy time of it this year. The GE Power layoffs in 2017 are creating an impact all across the country as one of the most powerful companies in the world contends with mounting debt and begins to institute strict cost-cutting measures to counter the trend. (more…)
CHS Inc. (NASDAQ:CHSCP) abruptly closed its plant in Hutchinson, Kansas; a plant in Creston, Iowa; and innovation and technology center in Eagan, Minnesota. The closures announced by CHS, the country’s largest farmer-owned co-operative, resulted in 144 layoffs. The closures come after CHS announced it is moving out of soybean protein production. The company has also (more…)
The Grand Central Mall in Vienna, West Virginia, will be seeing its Elder-Beerman store shutting its doors in January of 2018. The timing of the store closure is aligned with its lease expiring at the end of January.
Bon-Ton Stores, Inc. (OTCMKTS:BONT) said it will shutter its Younkers store at the Westwood Mall in Marquette, Michigan. Younkers, which is a subsidiary of Bon-Ton, has locations in the Midwest, mostly in shopping malls. The Younkers department store at Westwood Mall will close in early 2018, when its lease expires on January 31. The closure will (more…)
Kroger Ends Deal with SouthStar A total of 690 warehouse employees will be out of work because Kroger Co (NYSE:KR) ended its contract with SouthStar LLC. This forced SouthStar to end operations at the warehouse facility for Kroger in Keller, Texas.
A Tim Hortons Inc. franchisee’s legal battle has caused two Tim Hortons closings in the St. Louis, Missouri area. The lawsuit by franchisee Show Me Hospitality LLC against Restaurant Brands International, the owner of Tim Hortons, centers around what Show Me Hospitality claims was a warping of an agreement on the part of Restaurant Brands.