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Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Home/Banking News/A New Wave of Unexpected Layoffs Now Hits Georgia
Market News Today - A New Wave of Unexpected Layoffs Now Hits Georgia

A New Wave of Unexpected Layoffs Now Hits Georgia

By Frank Nez
March 20, 2024
4

A new wave of unexpected layoffs now hits Georgia as more businesses file WARN notices advising of upcoming job cuts.

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.

The latest company added to the list is FedEx, which has filed a WARN notice with the Georgia Department of Labor advising that 326 employees at a facility in Union City will be laid off.

The layoffs will be permanent.

FedEx provided the following statement:

“This letter is to inform you that FedEx Supply Chain, Inc. will be discontinuing the operations it currently manages for its customer at its facility located at 67 Oakley Industrial Blvd, Union City, Georgia 30291 due to its customer’s decision to transition its business to another location in Jackson.

As a result, approximately 326 employees working at the Facility will be displaced from their employment at the Facility.”

Employees will be paid severance and offered opportunities at other FedEx facilities, including the one in Jackson, which is approximately 50 miles away.

However, FedEx isn’t the only business to advise of upcoming layoffs in Georgia.

Below is a list of other businesses laying off in Georgia this year:

  • 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.

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Also Read: A Massive Company Now Announces Unexpected Layoffs in Arkansas

Other Economy News Today

Market News Today - A New Wave of Unexpected Layoffs Now Hits Georgia.
Market News Today – A New Wave of Unexpected Layoffs Now Hits Georgia.

A famous clothing mall retailer is now closing for good after it filed for bankruptcy, leaving several loyal customers in despair.

A Forever 21 store located in a popular shopping mall is set to close in days after more than a decade of business.

Fans of the retailer are in despair after several of the chain’s stores across the US have shut or are closing, reports The US Sun.

The Forever 21 outlet at the Westfield Galleria Mall in Roseville, California – located around 25 miles from Sacramento – will close on March 31.

It comes just years after the chain filed for bankruptcy.

The store is closing after 15 years of business, per The Sacramento Bee.

Westfield Galleria is home to chains including Nordstrom, Macy’s, JCPenney, and Abercrombie & Fitch.

The Forever 21 store located in the Westfield shopping center is just one of several outlets that are closing.

Reacting to the closures, one fan said, “All the Forever 21 stores closing down fr [for real]? Ain’t no way this world is ending.”

Three Forever 21 stores in Kansas City, Kansas, are also closing down and liquidation sales have started.

The prices of clothes have been cut by 50% as bosses rush to clear the last remaining stock.

Signs warning customers that everything must go are hanging from windows, per The Kansas City Star.

Last month, The U.S. Sun reported that the Forever 21 store inside the Destiny USA mall in Syracuse, New York, is also closing on March 31.

Forever 21 has been part of the American retail scene for almost 40 years but in 2019, chiefs filed for bankruptcy.

At the time, bosses expected that up to 178 stores would shut in the US as part of the company’s restructuring plans.

Forever 21 has more than 540 stores globally.

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Also Read: A Crafts Retailer Now Declares An Official Bankruptcy

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Market News Today - A New Wave of Unexpected Layoffs Now Hits Georgia.
Market News Today – A New Wave of Unexpected Layoffs Now Hits Georgia.

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4 Comments
  1. Paula says:
    March 22, 2024 at 4:13 am

    Maybe they can get jobs at the Hyundai Mega-Plant since it is advertised that Hyundai will add 8,500+ jobs to Georgia’s economy.

    Log in to Reply
  2. Kevin Michael Herron says:
    March 22, 2024 at 3:25 am

    There is no such thing as a “permanent layoff” the correct term is being FIRED. Stop the lying.

    Log in to Reply
  3. Frank Nez says:
    March 20, 2024 at 3:44 pm

    Leave your thoughts below.

    Log in to Reply
  4. Frank Nez says:
    March 20, 2024 at 3:44 pm

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

    Log in to Reply

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