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Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
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Home/Banking News/A Massive Company Is Now Closing Six Facilities in Pennsylvania
Market News Today - A Massive Company Is Now Closing Six Facilities in Pennsylvania

A Massive Company Is Now Closing Six Facilities in Pennsylvania

By Frank Nez
June 5, 2024
2

A massive company is now closing six facilities in Pennsylvania following a string of shutters nationwide, according to state filings.

Yelloh, the iconic company formerly known as Schwan’s Home Delivery, has announced the permanent closure of six of its facilities within the state.

A filing with the Department of Labor & Industry outlines six facilities will be shuttering for good in Pennsylvania, impacting a total 55 employees in the state.

The effective date of the layoffs will be on July 27.

The facilities in the following cities will be affected:

  • Berwick, PA
  • Carlisle, PA
  • DuBois, PA
  • Ebensburg, PA
  • Erie, PA
  • Jessup, PA

The company, which pioneered the concept of home food delivery back in 1952, has made the difficult decision to shutter these locations and consolidate its operations.

While the company has stated that these individuals will receive their final paychecks on July 27, 2024, and remain covered under the company’s benefits plan during the transition period, the announcement has sent shockwaves through the affected communities.

Closures and layoffs continue to rise in the state.

An Arby’s recently shuttered in Wilson Borough, Pennsylvania.

And Geodis Logistics, LLC announced last month plans to lay off a total of 71 employees at its facility located at 1490 Nitterhouse Drive in Chambersburg, Pennsylvania.

The layoffs are set to take effect on September 30, 2024.

Rite Aid also made the difficult decision to close four stores located across Pennsylvania in Philadelphia, Pottsville, South Whitehall Township, and Wayne.

The closure at the Pottsville location is the second closure in the country in 2024, WHTM reported.

Rite Aid filed for Chapter 11 Bankruptcy on October 15, 2023, with the goal of closing struggling stores.

It has since closed more than 200 stores since the bankruptcy filing and gave the US Bankruptcy Court a list of an additional 154 stores at the end of October, per Forbes. 

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Massive Company Is Now Closing Six Facilities in Pennsylvania.
Market News Today – A Massive Company Is Now Closing Six Facilities in Pennsylvania.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Massive Company Is Now Closing Six Facilities in Pennsylvania.
Market News Today – A Massive Company Is Now Closing Six Facilities in Pennsylvania.

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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 publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    June 5, 2024 at 10:49 pm

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  2. Frank Nez says:
    June 5, 2024 at 10:49 pm

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