A company now announces surprising layoffs in Wisconsin after the state has been hit with several rounds of job cuts.
This week, Sun Nuclear Corporation filed a notice with the Wisconsin Department of Workforce Development.
The company has advised that due to a facility closure, a total of 39 staff in Middleton will be laid off on August 30.
“Our mission is to enable healthier lives by improving the avoidance, detection and treatment of cancer,” the company states on its website.
“We believe independence and integration are equally critical to Quality Management for today’s hospitals, cancer centers and healthcare networks.”
However, Sun Nuclear Corporation isn’t the only company laying off in Wisconsin.
Below is a list of other businesses laying off in Wisconsin this year according to WARN filings:
- Concordia University in Wisconsin announced a restructuring that will lead to mass layoffs.
- Mercury Marine, headquartered in Wisconsin, has announced plans to lay off 300 workers due to decreased consumer demand. The layoffs, scheduled to take place through July, are part of the company’s efforts to adjust operations in response to the economic environment.
- Bon Appetit Management laid off 62 staff at a facility in Appleton on June 17.
- Strauss Brands has decided to discontinue production at its Franklin production facility. As a result, the company is permanently reducing the force of up to 70 of its employees.
- Ward Manufacturing is closing a facility in Milwaukee, leading to 62 staff losing their positions on August 1
- Sodexo is closing a facility in West Allis on June 30, leading to 50 jobs being cut.
- Walmart is closing a facility in Milwaukee, leading to 105 staff losing their positions on July 26
- JELD-WEN Inc. is closing a location in Hawkins. 338 staff will be laid off on June 10.
- Cadrex Manufacturing Solutions advised they are laying off 30 staff.
- Zoomlion laid off 31 staff at a facility in June.
- Lakeside Book Company laid off 339 staff at a facility in June.
- Staff Management Solutions let go of 87 staff in Sheboygan Falls.
- Sientra also closed a facility in Milwaukee in June, leading to 126 employees being laid off.
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Also Read: Retirees Will Now Receive More Money For Social Security
Other Economy News Today
Applications for unemployment benefits now surge to new highs, a sign that the white-hot labor market is starting to cool off.
First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, per CNN.
Thursday’s data also showed that the number of continuing claims, or applications from people who have filed for unemployment for at least one week, was 1.78 million.
That’s an increase of 17,000 from the prior week, according to the Bureau of Labor Statistics.
The latest numbers come less than a week after the monthly jobs report showed the US economy added just 175,000 positions in April, less than economists expected and a steep drop-off from prior months.
US employers have now added an average of 245,500 jobs per month, versus 2023’s 251,000-per-month average.
Still, hiring remains strong. Although the unemployment rate ticked up to 3.9% last month, it’s the 27th consecutive month that the jobless rate has held under 4%, matching a streak last seen in the late 1960s.
Weekly jobless claims data tends to be volatile but, while one week’s worth of data “does not a trend make,” said Chris Rupkey, chief economist at Fwdbonds.
“We can no longer be sure that calm seas lie ahead for the US economy if today’s weekly jobless claims are any indication.”
“Company layoffs are picking up, hinting at caution on the part of companies as they weigh the outlook for the second half of the year,” he wrote in a note Thursday.
The Federal Reserve has been battling inflation by raising its key lending rate in the hopes of slowing the economy.
While the labor market has so far resisted those efforts, remaining white hot for the past 18 months despite 11 rate hikes from the central bank, Fed Chair Jerome Powell said last week that demand has “cooled from its extremely high level of a couple of years ago.”
Ian Shepherdson at Pantheon Economics said in a note Thursday: “We’d need to see at least a month of elevated readings to convince us that the trend really has turned.”
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Also Read: A Giant Company Now Announces Unexpected Layoffs in Virginia
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