Painful layoffs in Texas are now affecting thousands of people as more businesses file WARN notices advising of upcoming job cuts.
Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
“The layoff wave continues in Texas, with two more businesses announcing job cuts this week,” reports Ash Jurberg.
“Two more businesses have filed a WARN act with the Texas Workforce Commission this week advising of upcoming layoffs.
Gulf Mark Energy, based in Houston, operates 215 tractor-trailer trucks, trailers, and five barge terminals delivering barrels to unloading facilities in several states.
They filed layoff notices advising of job cuts commencing from November 1 as follows:
- 6 in Chico
- 18 in Electra
- 15 in Bowie
- 7 in Gainesville
XTO Energy is an American energy company and subsidiary based out of Spring. They filed layoff notices advising of job cuts commencing from December 20 as follows:
- One layoff in Tyler
- 27 jobs cut in Jewett
- 11 jobs cut in Teague
- 66 jobs cut in Donie
- 15 jobs cut in Franklin
There have been more than 19,000 layoffs in Texas according to the Texas Workforce Commission across more than 170 businesses.
California remains the #1 state with the most layoffs in the country.
In second place is Colorado, followed by Illinois, Texas, Washington, New York, New Jersey, Florida, Michigan, and Georgia.
Below are the businesses that filed WARN notices advising of job cuts in Texas this year.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
Upcoming Layoffs in Texas 2023
Below is a list of companies that have recently laid off employees or announced they will be cutting jobs in Texas soon this year.
- Stitch Fix. 558 job cuts by 12/01.
- Harland Clarke Corp. 130 job cuts by 12/01.
- Accenture. 351 job cuts by 12/08.
- Mittera Group, Inc. 136 job cuts by 12/09.
- LegalZoom.com. 122 job cuts by 12/15.
- Southwestern Health Resources. 228 job cuts by 12/31.
- L3Harris. 268 job cuts by 11/30.
- Aramark. 163 job cuts by 10/31.
- ED Tucker Powersports. 165 job cuts by 10/30.
- Invista-Nylon Chemicals Americas. 239 job cuts by 10/27.
- Owens-Brockway Glass Container Inc. 300 jobs cut in 10/16.
- CVS Health Corporation. 167 job cuts in 10/21.
- S&B Industries. 163 job cuts in 10/02.
Also Read: This Massive Chain Now Continues To Close Down in Texas
Other Economy News Today
A major essential company has now filed for an unexpected bankruptcy after falling into massive dept with its creditors.
“Air Methods provides critical services that literally mean the difference between life and death on a daily basis and for thousands of people each year,” reports TheStreet.
“The company has filed for Chapter 11 bankruptcy protection in order to put in place an agreement to restructure the company with its key debtholders.”
The company which currently has $1.7 billion in debt, would see its debt erased as its creditors become the majority shareholders in the company.
“Critical care does not begin in the emergency room. It begins at the scene of the accident or the moment a life-threatening illness strikes.
Air Methods has a talented workforce of over 4,500 team members, which includes the best in the air medical industry,” the company shared on its website.
Under the terms of the deal, all outstanding bills would be paid and workers would receive their full pay and benefits without any delays.
The company says that it is currently continuing normal operations.
The deal would provide Air Methods with a whopping $80 million in working capital.
CEO JaeLynn Williams said the deal was needed so the company could keep providing its lifesaving care services. “”
“With increased financial flexibility and access to additional capital, we will be better positioned to continue opening new greenfield bases, accelerate our talent acquisition initiatives, execute on our growth initiatives, and equip more emergency personnel with the expertise needed to safely deliver the highest quality air medical care for generations to come,” Williams said in a media statement.
The company plans to complete the restructuring under court approval before the end of the year.
Also Read: California Now Has Massive Departures As Hundreds of Thousands Leave
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