Another Wave of Painful Layoffs Now Hits Tennessee

Another wave of painful layoffs now hits Tennessee prior to the holidays as a new businesses advises of upcoming job cuts.

Nyrstar Tennessee Mines – Gordonsville LLC has filed an official WARN Notice advising that 300 staff will be temporarily laid off on December 31.

The company has not stated how long these temporary layoffs will last.

However, this now leaves several hundred employees starting the new year without a position at the company.

“Employee separation begins on December 31, 2023,and is expected to last for an unknown period. The total number of affected workers is 300. This company is located at 120 Zinc Mine Circle, Gordonsville, TN 38563.”

Ryman Hospitality Properties also advised of temporary layoffs at the Wildhorse Saloon.

The venue is undergoing massive renovations as it becomes a new three-level Luke Combs music venue.

The layoffs are expected to last six months, commencing on January 1 and impacting 124 staff.

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.

Layoffs in Tennessee 2023 Map.
Layoffs in Tennessee 2023 Map.

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

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

So far in 2023, Tennessee has laid off approximately 4,803 employees with 47 businesses filing job cut filings.

Below are the businesses that filed a WARN act of upcoming layoffs in Tennessee this year.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Upcoming Layoffs in Tennessee 2023

Below is a list of companies that recently laid of employees or have filed a WARN act advising of upcoming job cuts:

  • Morgon Olson. 290 job cuts by 12/22.
  • American Snuff Company, LLC. 132 job cuts by 12/01.
  • T-Mobile USA, Inc. 127 job cuts by 11/02.
  • Ingram Entertainment Inc. 63 job cuts by 11/13.
  • Q.E.P. Co., Inc. 35 job cuts by 11/30.
  • Newell Brands Industries LLC. 81 job cuts by 12/22.
  • Silgan Containers. 21 job cuts by 11/27.
  • First Savings Bank. 4 job cuts by 11/30.
  • American Medical Response. 72 job cuts in 10/02.
  • Mose and Garrison Siskin Memorial Foundation Inc. d/b/a Siskin Children’s Institute. 66 job cuts in 10/3.
  • Valu Merchandisers Company. 60 job cuts in 10/01.

Also Read: A New Wave of Massive Layoffs Hits Arizona

Other Economy News Today

Market News Today - Another Wave of Painful Layoffs Now Hits Tennessee.
Market News Today – Another Wave of Painful Layoffs Now Hits Tennessee.

A popular retailer now plans to shutter 150 stores by August 2024 with locations already beginning to close down this year.

“Pharmacy giant Walgreens has stated they plan to close 150 stores by the end of August 2024, and unfortunately for Massachusetts residents, one store in the state is closing next week,” reports Ash Jurberg.

“After careful consideration, we have decided to close your neighborhood Walgreens at 472 Lincoln St. in Worcester on Thursday, November 9, 2023.

We regret any inconvenience this may cause but hope to make the transition as seamless as possible,” the company said in a statement.

Reuters reports that Walgreen is expected to cut at least $1 billion in costs for 2024.

The company plans to shut down unprofitable stores after Wall Street expectations for 2024 dropped significantly.

Walgreens has been affected by a steep drop in sales of COVID-19 products, persistently weak prescription drug demand, reported walkouts by its store staff and weak sales of its consumer health products due to high inflation.

“Our performance this year has not reflected WBA’s strong assets, brand legacy, or our commitment to our customers and patients,” Interim CEO Ginger Graham said in a statement.

“Walgreens has lost customer share in areas like beauty and personal care. Some of this is because prices remain too high and are uncompetitive – something more and more shoppers won’t tolerate in the current environment,” GlobalData Managing Director Neil Saunders said.

Walgreens had said in June it would close its stores at 150 locations in the United States.

The company also named Tim Wentworth, a former Cigna executive, as permanent CEO on Tuesday.

As of today, shares of the pharmacy chain are down nearly -6% this month and more than -43% this year-to-date.

Also Read: Massive Layoffs in Alabama Will Now Affect Thousands

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Market News Today - Another Wave of Painful Layoffs Now Hits Tennessee.
Market News Today – Another Wave of Painful Layoffs Now Hits Tennessee.

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