An Unexpected Wave of Layoffs Now Hits Georgia

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

Caeserstone Technologies is the latest company to advise of upcoming layoffs in Georgia.

Caeserstone Technologies has issued a WARN notice with the Georgia Department of Labor notice advising that 129 employees at a facility in Richmond Hill will be laid off beginning February 11, 2024.

It’s important to note that 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.

The mass layoff is expected to be permanent.

However, a few employees are expected to remain employed for a limited period to assist with the wind-down and closing of the facility, per the latest reports.

Layoffs in Georgia 2023.
Layoffs in Georgia 2023.

So far in 2023, there has been approximately 8,124 layoffs in Georgia across 56 business according to the latest WARN data.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by TexasWashington, New Jersey, FloridaMichigan, and Georgia.

Below is a list of businesses advising of upcoming layoffs in Georgia:

  • VMware. 217 job cuts by 1/26/2024.
  • Excalibur Homes LLC. 120 job cuts by 12/15.
  • Standard Delivery, Inc. 90 job cuts by 1/14/2024.
  • GXO LOGISTICS SUPPLY CHAIN, INC. 85 job cuts by 12/30.
  • Summit Hill Foods, Inc. 80 job cuts by 12/31.
  • All FAB Precision Sheetmetal, Inc. 50 job cuts by 12/31.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

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

A massive US company is now laying off a whopping 900 workers nationwide according to the latest WARN act filings.

Delivery truck maker Morgan Olson will lay off a total of 908 workers from its plants in Michigan, Tennessee and Virginia, the company disclosed through the states’ Worker Adjustment and Retraining Notification Act systems in October.

Morgan Olson produces aluminum delivery trucks and vans for companies such as UPS, FedEx and Aramark, according to their website.

The layoffs will begin Dec. 22 and will be complete by the end of the year, according to the WARN letters.

Fortunately the workforce cuts at all three locations are only temporary, according to a statement from the company.

“Major parcel delivery companies have communicated to Morgan Olson that new vehicle purchase orders will be delayed due to the current economic conditions and forecasts,” the company said in a statement to Manufacturing Dive.

“As a result, Morgan Olson will temporarily be reducing their workforce at all three Morgan Olson locations in Michigan, Tennessee, and Virginia.” 

Of the three facilities, the Ringgold, Virginia, facility will have the most layoffs with 435.

The number of workers losing their jobs at Morgan Olson’s plant in Loudon, Tennessee, is 290, followed by 183 workers in Sturgis, Michigan. 

The Ringgold site is the company’s newest location, which it established in a former Ikea facility in 2020, and had been projected to create over 700 jobs when it opened. 

In its Virginia WARN letter, the company said it hopes business improves so it can rehire.

“Ongoing production will continue at all locations as the company looks forward to the return of the parcel delivery market demand and new product offerings,” Morgan Olson said in a statement.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Market News Today - An Unexpected Wave of Layoffs Now Hits Georgia.
Market News Today – An Unexpected Wave of Layoffs Now Hits 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)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


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.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

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

© 2024 Franknez.com

Theme by Anders NorenUp ↑