A New Wave of Massive Layoffs Now Hits Missouri
A new wave of massive layoffs now hits Missouri as thousands of job cuts are scheduled to take place this month through year’s end.
“CareFusion, a surgical equipment supplier based in St. Louis, is laying off 148 employees.
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.
CareFusion filed a WARN notice with the Missouri Office of Workforce Development yesterday advising of the job cuts.
Last week, Propak Logistics, a leading provider of comprehensive supply chain services, advised they were closing a facility in Jackson, resulting in 93 employees losing their jobs.
The filing stated that on December 8, 93 employees at the Jackson facility would lose their positions,” reports Ash Jurberg.
So far for 2023, Missouri has had more than 6,100 layoffs with approximately 29 businesses filing WARN notices.
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 a WARN act of upcoming layoffs in Missouri this year.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
Upcoming Layoffs in Missouri 2023
Below is a list of companies that have announced they will be cutting jobs in Missouri this year.
- Tyson Foods. Noel, 1,513 job cuts.
- Tyson Foods. Dexter, 683 job cuts.
- Soft Surroundings. St. Louis, 181 job cuts.
- CareFusion Corporation. St. Louis, 148 job cuts.
- Propak Logistics, LLC. Jackson, 93 job cuts.
- Smithfield Foods. Lucerne Princeton Newton, 92 job cuts.
- First Savings Bank. Liberty, 1 job cut.
- Diivy Homes. Unknown, 1 job cut.
Also Read: This Massive Retailer Has Now Survived Chapter 11 Bankruptcy
Other Economy News Today
A massive distributor for Walmart, Kroger, and other big grocery chains has now filed for Chapter 11 bankruptcy.
“Aside from Dole and Chiquita, the fruit industry does not have a lot of big brand names that consumers know.
Prima Wawona, which is based in California, supplies major grocery chains all around the country with stone fruits including peaches, plums, nectarines, and apricots,” reports TheStreet.
“It’s a major brand that does label its products with the “Wawona” name, but the company markets its products to its vendors, not to consumers.”
The company has filed Chapter 11 bankruptcy with plans to either sell the company to existing debtors or a third-party filing, per reports.
The company said in its bankruptcy filing that it plans to continue its regular shipments to all of its retail partners.
In the filing, the company said that it plans to transition ownership of the company and recapitalize the business.
“In connection with an agreement reached amongst the company’s lenders, Prima Wawona is proceeding with a transaction that will involve either the conversion of existing lender debt into equity ownership of the business or allow for a sale transaction to a third-party buyer via an expedited auction process,” the company shared.
The company’s lenders have agreed to allow it to fund its business during the transition period.
“In addition, Prima Wawona has said it intends to keep paying its vendors and suppliers under its normal terms.
If a third party emerges that will pay more than the value of the current debt, that company could end up owning the company. Any transaction will require the approval of the bankruptcy court,” says Daniel Kline.
Also Read: Bank of America is Now Closing 20 Branches
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