Charleston Area Medical Center to Shed 300 Employees Charleston Area Medical Center (CAMC), which is the primary hospital system in Charleston, West Virginia, has announced that it will be cutting 300 jobs as it faces financial difficulties. The job cuts include 56 unfilled non-clinical positions. Another 75 positions are going to be eliminated through attrition. (more…)
Neiman Marcus Cuts Jobs Amid Reorganization Efforts A department store chain known for selling designer apparel, shoes, handbags, and luxury beauty products—Neiman Marcus Group Ltd LLC—has announced that it will be cutting about 225 jobs as part of its reorganization plan. Employees across all brands and operating divisions in the company will be affected in (more…)
Electronic Classroom of Tomorrow (ECOT), Ohio’s largest online charter school, said it needs to cut spending for the upcoming school year by more than $56.0 million in order to repay $60.0 million in overpayments. This will result in the loss of 250 jobs.
Direct Energy to Lay Off 108 Employees in Columbia, Maryland One of North America’s largest electricity and natural gas retailers, Direct Energy, has announced that the company will be scaling back its residential solar installation business. As a result, 108 employees working in its solar energy arm, Direct Energy Solar, will be laid off in Columbia, (more…)
Academy Sports + Outdoors Cutting Jobs An American retailer of sporting goods, apparel, and outdoor recreational equipment, Academy Sports + Outdoors, recently announced that the company has axed 100 jobs at its corporate headquarters in Katy, Texas.
According to a recent report, Alaska’s largest city should expect to see additional job losses through 2018. By the time the current recession is over, Alaska’s economy is expected to shed six percent of all jobs.
Seadrill Ltd (NYSE:SDRL) announced that it has delayed restructuring its $14.0 billion in debt and liabilities until September 12 from a previous deadline of July 31. The offshore drilling contractor also warned that it will most likely file for Chapter 11 bankruptcy protection.
Ultra Foods to Lay Off Employees in Highland, Indiana Two Ultra Foods store locations are closing after the chain’s parent company, Central Grocers, Inc., failed to find a buyer for the struggling grocery stores. The Joliet, Illinois-based Central Grocers, which filed for bankruptcy earlier this year, announced that the company will be closing its Ultra Foods supermarkets in Highland, Indiana (more…)
Employees at Seagate Technology PLC (NASDAQ:STX) are in for a rough ride. The Dublin, Ireland-based company announced it was shuffling its management team and jettisoning 600 jobs after reporting disappointing fourth-quarter results.
Archer Daniels Midland to Lay Off Employees One of America’s biggest food production and food processing companies, Archer Daniels Midland Company (ADM), has announced plans to lay off employees as it faces financial challenges. According to company spokesperson Colin McBean, the layoffs are part of the company’s efforts to streamline its business as the agribusiness (more…)