Luxottica to Lay Off 208 at Hickory Hill Facility Luxottica Retail North America Inc. (part of Luxottica Group) filed a WARN notice with the Tennessee Department of Labor and Workforce Development, saying it plans to permanently lay off 208 employees at its Hickory Hill facility in Memphis. In the third quarter, Luxottica reported a decline in its (more…)
Convergys Corp’s (NYSE:CVG) office in Lubbock filed a notice with the Texas Workforce Commission saying it will soon be laying off 406 employees. The global outsourcing firm said the call center layoffs are a result of low call volume, a trend that has already claimed hundreds of Convergys jobs in Arizona and Tennessee this year.
UPM Paper announced it will be jettisoning 150 workers in Grand Rapids, Minnesota. The global paper maker blames the layoffs on dwindling demand for graphics paper. Helsinki, Finland-based UPM Paper said the terminations will start immediately and be completed by the first quarter of 2018. The company is also laying off more than 200 people (more…)
It’s going to be a chilly holiday for ice cream workers in California. Nestlé USA, Inc. filed a notice with the state of California recently, saying it will be “temporarily” laying off 217 employees at its Tulare County Häagen-Dazs ice cream plant. In September, Nestlé announced that its ice cream facility on District Boulevard in Bakersfield was (more…)
Indy Ice House Closing, Joins Indianapolis Restaurants Shutting as Home Delivery Beats Dining Out The Indy Ice House Bar & Grill will be shuttering its doors after nearly 35 years in business. The Indianapolis-based restaurant did not give a reason for the closure. The Indy Ice House is just one in an ever-growing list of (more…)
The struggles continue for Hemlock Semiconductor Corp. as the company announces plans to eliminate 100 jobs. The job losses will all take place in Michigan, with the majority taking place in the first quarter of 2018. The company, which employees around 800 full-time employees and 800 full-time contracts, will notify the affected workers “in the (more…)
Kroger Co (NYSE:KR) said at its annual investor conference that it is looking at selling off its gas station convenience store business, including KwikShop, Loaf’N Jug, and Turkey Hill Minit Markets. The supermarket giant has been facing increased competition from Wal-Mart Stores Inc (NYSE:WMT), Amazon.com, Inc. (NASDAQ:AMZN), and Costco Wholesale Corporation (NASDAQ:COST) and is hoping (more…)
St. Charles Health Systems has announced layoffs, buyouts, pay cuts, and other streamlining efforts to plug a budget shortfall of up to $35.0 million. The health system blamed the shortfall on higher costs, lower revenue, and the Oregon State Legislature. These measures have resulted in 30 St. Charles Health Systems layoffs and buyouts to 75 (more…)
Donald Trump’s Long-Promised GDP Growth Rates Are Unlikely in Next Few Years, Economists Say The U.S. economy will grow by two percent in 2017 and 2018, according to a survey of nearly four dozen economists by the National Association for Business Economics (NABE), a far lower mark than the three-percent target that President Donald Trump (more…)
Slowdown in Manufacturing Industry and Housing Market Remain Significant The United States may be headed for an economic slowdown, according to the Federal Reserve Bank of Chicago’s latest report. The study shows that the American economy contracted in August.