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American Greetings Layoffs: Dollar Tree Account Loss to Blame for 150 Job Cuts in Bardstown, KY

American Greetings Layoffs

An American Greetings Corporation, LLC plant in Bardstown, Kentucky is reeling following the loss of a contract with Dollar Tree, Inc. (NASDAQ:DLTR), a brand of discount stores that carries the company’s greeting cards. Due to the loss of the contract, American Greetings layoffs will take place at the plant, numbering well over 100 cuts. These (more…)

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Hobbico Bankruptcy: Declining Sales Led to Filing of Chapter 11, Over 300 Job Cuts Could Follow at Champaign, IL

Hobbico Bankruptcy

Hobby products manufacturer Hobbico, Inc. has gone through the process of filing for Chapter 11 bankruptcy protection. Located in Champaign, Illinois, layoffs could follow as a result of Hobbico’s Chapter 11 protection, leaving 332 employees. Hobbico’s bankruptcy can be attributed to several factors, including heavy debt and, perhaps most importantly, Hobbico’s sales decline over 2017. The (more…)

ORNL Layoffs in Oak Ridge, TN: 100 Employees to Face Job Cuts Through Involuntary Separation Program

ORNL Layoffs

Tennessee-based Oak Ridge National Laboratory (ORNL) is going through the process of adding to the total U.S. research lab layoffs, as the science and technology national laboratory, by cutting roughly 100 jobs through ORNL’s involuntary separation program. This round of ORNL layoffs will be narrowed down in the comparing weeks and employees affected by the (more…)

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Macy’s Store Closings 2018: 7 New Store Closures, 5,000 Job Cuts

Macy's Store Closings 2018

Macy’s Inc (NYSE:M) kicked off 2018 by announcing nearly a dozen store closures, including seven previously unidentified locations. Net job cuts as a result of these Macy’s store closings at 2018’s state, including the closures and reductions at remaining locations, will come in at around 5,000. The Cincinnati-based department store chain continues to ramp up (more…)