Walt Disney Co (NYSE:DIS) announced 145 Walt Disney Parks and Resorts layoffs amid restructuring at the company. The amusement park giant reported lackluster fourth-quarter earnings. While the theme park division did well, the rest of the company reported declines in revenue and operating income, with ESPN and other subsidiaries facing financial pressure. Restructuring at Walt (more…)
Georgia-Pacific LLC announced that it is shutting down large parts of its Camas paper mill, a move that will idle as many as 300 employees, or more than two-thirds of its local employees. The closures are expected to start in the second quarter of 2018.
Major retailers are not hiring as many workers as they did last year while October employment gains in the sector fell to their lowest levels since 2011, according to a recent report and data from the Bureau of Labor Statistics. The retail hiring decline represents another sign of an industry struggling to contend with factors (more…)
Metal fabrication company Porter’s Group, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the North Carolina Department of Commerce, announcing a total of 133 permanent layoffs at its Kings Mountain facility in Cleveland County. The company filed the notice on November 13, but the closure and layoffs were effective November 10.
Belk, Inc. (OTC:BLKIA) announced it is closing two department stores in 2018, including one in West Virginia and the other in Georgia. The Belk layoffs will result in the loss of 183 full- and part-time jobs.
Tops Markets, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the New York State Department of Labor, saying it will be closing its Tops Friendly Markets grocery store at 1357 Route 9 in Wappingers Falls on February 1. The company cited “economic reasons” for the permanent closure, which will leave 83 out (more…)
Keller’s Green Grocery in downtown Sioux Falls, South Dakota has shuttered its doors after just one year in business. The urban grocery, once hailed as a key development for the downtown core, closed without fanfare on Friday, November 10. Since then, neither Keller’s owners nor management have responded to interview requests. The company’s web site (more…)
Layoffs are hitting Mandalay Bay. MGM Resorts International (NYSE:MGM), the parent company of Mandalay Bay, announced it is laying off hundreds of its workers and reducing the work hours of others in the aftermath of the October 1 Las Vegas shooting. The hospitality company said the Mandalay Bay layoffs are a result of reduced occupancy rates (more…)
Lacrosse equipment company Lax World unexpectedly closed all of its stores across the U.S. and shut down its corporate headquarters in Cockeysville. The Maryland-based company had stores in Maryland, Virginia, New York, Georgia, Colorado, and Washington state. Despite closing all of its stores, Lax World is still taking orders online, and the company’s Facebook page makes (more…)
The Trump tax plan was revealed Thursday after several delays and numerous rumors, with the announcement leading to a drop in the stock market as the plan disappointed some on Wall Street.