Skip to content
-
Subscribe to our newsletter & never miss our best posts. Subscribe Now!
FrankNez About FrankNez FrankNez

Journalism & News

FrankNez About FrankNez FrankNez

Journalism & News

  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
AMC stock news - Adam Aron says Momentum will continue.
June 22, 2026
AMC Entertainment CEO Now Says Momentum Will Continue
Market News: AMC's Price Surge Now Creates Panic on Wall Street
June 19, 2026
AMC’s Price Surge Now Creates Panic on Wall Street
Something massive is about to happen with AMC stock
June 17, 2026
Something Massive Is About To Happen With AMC Stock
Market Manipulation News - Andrew Left
June 8, 2026
Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”
Will AMC Shareholders Ever Make Their Money Back
May 31, 2026
Will AMC Shareholders Ever Make Their Money Back?
AMC Stock News - CEO Adam Aron Buys Shares - FrankNez AMC News
May 19, 2026
AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
Goldman Sachs Lawyer Kathy Ruemmler Resigns amid Epstein files
February 14, 2026
A Former FINRA Board Member Now Resigns from Goldman After Epstein Email Embarrassment
House Financial Services Committee SEC Chair Paul Atkins Hearing
February 11, 2026
House Financial Services Committee Says SEC Politicized Rulemaking During Gensler’s Tenure
Home/Banking News/A Giant Company Now Announces Unexpected Layoffs in Georgia
Market News Today - A Giant Company Now Announces Unexpected Layoffs in Georgia

A Giant Company Now Announces Unexpected Layoffs in Georgia

By Frank Nez
March 27, 2024
2

A giant company now announces unexpected layoffs in Georgia, affecting nearly 200 employees according to fresh WARN data.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must give 60 days’ notice before laying off 50 or more people at a single site.

Aludyne is closing a facility in Columbus, which will cause 193 employees to be laid off in June.

Aludyne is a leading global, vertically integrated manufacturer of aluminum, magnesium, and iron cast and machined automotive components, providing custom engineering and manufacturing solutions for safety-critical products.

“Leveraging regional production in North America, South America, Europe, and China, we are able to respond quickly and cost-effectively to automakers’ manufacturing needs around the world, offering in-house, full-service solutions,” the company states on its website.

The facility at 1558 Northside Industrial Blvd in Columbus, Georgia is expected to shutter by June 30.

Other businesses laying off in Georgia include:

  • Bionano Genomics Inc. 76 job cuts by 5/24.
  • SWISSPORT CARGO SERVICES LP. 235 job cuts by 5/22.
  • Jindal Films Americas LLC. 98 job cuts by 5/13.
  • FedEx. 326 job cuts by 4/8.
  • Hollingsworth LLC. 74 job cuts by 3/31.
  • CEVA Logistics. 61 job cuts by 4/7.
  • 1888 Mills, LLC. 180 job cuts by 3/29.
  • Fineline Industries, LLC. 92 job cuts by 4/1.
  • Block. 27 job cuts by 3/30.
  • Crescent Mortgage Company. 65 job cuts by 3/29.
Layoffs in Georgia 2024.
Layoffs in Georgia 2024.

For more news and updates like this, opt-in for push notifications.

Also Read: A Healthcare Service Company Now Announces Unexpected Layoffs

Share this article 👇

Other Economy News Today

Market News Today - A Giant Company Now Announces Unexpected Layoffs in Georgia.
Market News Today – A Giant Company Now Announces Unexpected Layoffs in Georgia.

This massive US company will now close 200 facilities, part of a plan to reduce its labor needs and save $3 billion by 2028.

UPS aims to close around 200 U.S. facilities as it shifts more volume into a growing number of automated package hubs, a top executive said during the logistics giant’s investor and analyst conference Tuesday.

The company is consolidating locations as part of its “Network of the Future” initiative, which aims to reduce UPS’ reliance on manual labor in its package sortation operations and save $3 billion by the end of 2028, said Nando Cesarone, EVP and President U.S.

Additionally, UPS is closing 40 sorts this year — up from 30 in 2023 — and seeks to automate other aspects of its operations, such as dispatching for package cars and feeder trucks moving volume in its network.

“Network of the Future is targeting all activities for automation within our four walls,” Cesarone said.

“These building consolidations and automations yield real savings.

For example, we’ll have fewer feeder runs.

We’ll be able to eliminate both a.m. and p.m. ground and air feeds in many, many locations.”

Examples of UPS’ cost-saving efforts, according to an investor presentation, include consolidating four facilities in Massachusetts, Connecticut and Rhode Island into nearby hubs.

The company also plans to shutter its Chalk Hill facility in Texas and its New York Capital Village Center hub while modernizing nearby facilities to help handle volume growth.

Facility consolidation will lower UPS’ cost to serve customers while improving its volume-per-resource ratio, Cesarone said.

That ratio is calculated as the average daily volume divided by U.S. employees.

The ratio was 51 in 2023, and UPS wants it to increase to about 59 in 2026.

At the same time, UPS will invest in 63 automation projects throughout the country to support projected volume growth in a less labor-intensive manner.

The logistics giant aims to more than triple the number of automated buildings in its network by the end of 2028, growing to 400 facilities, Cesarone said.

The large majority of automation projects will be completed in existing buildings, while 10 will come from newly built locations.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Discount Retailer Is Now Closing 600 Stores

Market News Published Daily 📰

Market News Today - A Giant Company Now Announces Unexpected Layoffs in Georgia.
Market News Today – A Giant Company Now Announces Unexpected Layoffs in Georgia.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.

View Stock Portfolio

Recommended For You ✨

  • SNAP Benefits Will Now Increase For The Year 2024
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • A Massive US Bank is Now Closing Credit Cards
  • Florida Now Has Massive Departures As Hundreds of Thousands Leave
  • A US Bank is Now Denying Customers Access to Money


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
Market News Today - A Giant Company Now Announces Unexpected Layoffs in South Carolina
Previous

A Giant Company Now Announces Unexpected Layoffs in South Carolina

Market News Today - Beloved Restaurant Chain Is Now At High Risk of Bankruptcy
Next

Beloved Restaurant Chain Is Now At High Risk of Bankruptcy

2 Comments
  1. Frank Nez says:
    March 27, 2024 at 10:21 pm

    Leave your thoughts below.

  2. Frank Nez says:
    March 27, 2024 at 10:21 pm

    For more news and updates like this, opt-in for push notifications.

Comments are closed.

NEW POSTS

  • AMC stock news - Adam Aron says Momentum will continue.
    AMC Entertainment CEO Now Says Momentum Will Continue
  • Market News: AMC's Price Surge Now Creates Panic on Wall Street
    AMC’s Price Surge Now Creates Panic on Wall Street
  • Something massive is about to happen with AMC stock
    Something Massive Is About To Happen With AMC Stock
  • Market Manipulation News - Andrew Left
    Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”
  • Will AMC Shareholders Ever Make Their Money Back
    Will AMC Shareholders Ever Make Their Money Back?
Unlock your personal brand ebook

Trending Market News 📈

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025
News - Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a financial news blog founded by American Journalist Frank Nez.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • AMC Entertainment CEO Now Says Momentum Will Continue
  • AMC’s Price Surge Now Creates Panic on Wall Street
  • Something Massive Is About To Happen With AMC Stock
  • Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”
  • Will AMC Shareholders Ever Make Their Money Back?

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved. Blogsy WordPress Theme