Dairy Processor Closes Richmond, Virginia Plant and Cuts Jobs A day after posting dismal earnings results, Dean Foods Co (NYSE:DF) announced a plant closure and subsequent layoffs in Richmond, Virginia.
Abacus Technology Corporation has filed a notice with the Florida Department of Economic Opportunity about its intent to lay off 338 employees at its Kennedy Space Center location.
Pharmaceutical Company Seeking Cost Reductions Specialty pharmaceutical company Egalet Corp has announced that the company is slashing almost 40% of its workforce as part of a cost reduction plan. The company has confirmed, however, that the layoffs won’t be in its sales department.
Hundreds of Job Cuts Announced by Major Science Laboratories Within a 24-hour span, two major national laboratories in the country have announced combined layoffs of more than 500 employees as they take preemptive action before the proposed “Trump cuts” are enacted. President Donald Trump’s proposal to slash funding to the Department of Energy (DOE) is already (more…)
Rising Employee Health Care Costs Could Inevitably Result in Job Cuts A recent survey by a research group has found that large American employers are looking for strategies to cut rising costs associated with employee health care benefits. The costs arise from the medical and pharmacy benefits provided by employers to their employees.
Walmart’s Sam’s Club Closing in Manchester Walmart-owned Sam’s Club is closing a store in Manchester, New Hampshire by mid-August. The store will permanently close on August 18 and will put 130 employees out of work.
The Spectrum strike by Local Union #3, which represents approximately 1,800 Charter Communications Inc and Spectrum employees in New York and New Jersey is nearing the half-year mark. The union has been on strike since March 28 on the grounds that Spectrum workers have not had a contract since the previous one under Time Warner (more…)
Shares in The Walt Disney Company (NYSE:DIS) tumbled in after-hours trading Tuesday after the world’s largest media entertainment company reported mixed third-quarter results. The company also announced the acquisition of a majority stake in BAMTech and that it was pulling its content from Netflix, Inc. (NASDAQ:NFLX). This sets the stage for Disney to launch its (more…)
One year after being acquired by an Asian consortium, Lexmark International Inc (NYSE:LXK) has announced a major restructuring program, one that will result in 700 of its 10,000 employees worldwide being laid off. The layoffs signal continued challenges for the Lexington, KY-based printer maker.
Virginia-based IT Company Cuts Jobs Within 90 Days of Launch Newly-formed DXC Technology Co has quietly closed dozen of facilities and laid off hundreds of workers within months of its launch. The Virginia-based IT and consulting services company formed from the merger of Hewlett Packard Enterprise Co’s “Enterprise Services” division and Computer Sciences Corporation has just revealed its (more…)