More Layoffs at Ryder: Company Closing Logistics Office in Greenville, Wisconsin, 159 Laid Off

Credit: istockphoto.com/LCBallard

Ryder System, Inc. (NYSE:R) filed a WARN notice with the Wisconsin State Department of Workforce Development saying it is closing its Ryder Integrated Logistics offices and warehouse in Greenville.

Ryder’s office and warehouse on Quality Drive in Greenville employs approximately 159 people. The facility is expected to close permanently on December 31, 2017. The laid off employees do not have bumping rights.

According to the company’s filing, the majority of the terminated employees (110) are material handlers. Other positions being eliminated include team leaders (15), warehouse floor clerks (14), customer logistics supervisors (seven), and cycle counter staff (four).

This is not the first round of layoffs that the commercial transportation, logistics, and supply chain management company has announced in Wisconsin in 2017. In September, the fleet operator announces that its Ryder System, Inc. facility in Beaver Dam will close before the end of the year. One-hundred employees will lose their jobs on December 15, when Ryder closes its doors there permanently.

Meanwhile, in September, Ryder announced a mass layoff at its logistics facility in Spring Hill, Tennessee. The company is permanently laying off 361 full-time employees. The layoffs will take place on November 22.

The terminations were announced just days after the General Motors plant in Spring Hill filed a WARN notice with the state saying it will be laying off nearly 700 employees starting November 27. The company blamed decreased production and the cancellation of a third shift for the layoffs.

Ryder is a subcontractor of General Motors Company (NYSE:GM).

On October 24, Ryder announced its financial results for the third quarter, ended September 30, 2017. Earnings fell 21% to $70.8 million, or $1.13 per share, from $89.6 million, or $1.67 per share in the same prior-year period. Analysts were forecasting third-quarter earnings of $1.29 per share. Revenue, meanwhile was up 4.1% year-over-year at $1.53 billion.

Sources

List of Layoff Notices,” Wisconsin State Department of Workforce Development, last accessed November 1, 2017.

WARN-Notification,” Ryder Integrated Logistics, October 25, 2017.

WARN Notices,” Tennessee Department of Labor, September 26, 2017.

Ryder Reports Third Quarter 2017 Results,” Ryder System, Inc., October 24, 2017.

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