A New Round of Painful Layoffs Now Hits Missouri

A new round of painful layoffs now hits Missouri as a company shuts down a major company, affecting several hundreds of employees.

Yanfeng International Automotive Technology Co. Ltd. has announced plans to close its Riverside, Missouri factory in November 2024, leading to the layoff of 444 employees.

The company filed a WARN (Worker Adjustment and Retraining Notification) Notice with the Missouri Office of Workforce Development, informing local authorities of the impending job losses to facilitate state and local assistance for affected workers.

This closure coincides with General Motors’ decision to halt production of the Chevrolet Malibu at a nearby assembly plant, further disrupting the auto parts supply chain in the region.

Yanfeng’s facility specializes in manufacturing automotive interior components, and the shutdown reflects broader challenges within the automotive industry, including decreased demand and shifts in production.

This announcement follows another recent closure in the area, as automotive manufacturer Adient informed Missouri officials of plans to lay off 172 workers at its facility.

Both shutdowns will impact members of the United Auto Workers Local 710, adding strain to the local economy and workforce.

These job cuts highlight significant challenges facing Missouri’s automotive sector as the state navigates ongoing disruptions in the industry.

You can search for layoffs in your state here, or follow our layoff news for updates.

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Also Read: Cisco Now Profits Billions And Makes Thousands of Unexpected Layoffs

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Frank Nez

Our founder, American Journalist Frank Nez, brings you unparalleled market insights, crypto news, business news, and industry updates for retail investors. Frank’s journalism has been cited by SEC and Congressional reports. Frank Nez is now a verified journalist on Muck Rack.

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