• Join our newsletter for weekly news updates and blogs on-the-go!
X-twitter Facebook-f Google-plus-g Patreon Youtube
Financial News, Business News
  • News
    • U.S. News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Home/Banking News/Four Massive Companies Are Now Laying Off in South Carolina
Market News Today - Four Massive Companies Are Now Laying Off in South Carolina

Four Massive Companies Are Now Laying Off in South Carolina

By Frank Nez
April 4, 2024
2

Four massive companies are now laying off in South Carolina according to the latest WARN notice filings, affecting many.

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.

On Wednesday, Logistics Support filed a notice with the South Carolina Department of Employment and Workforce stating that a total of 98 employees will lose their jobs on June 7th.

Last week, the Bic Corporation also filed a notice advising it was laying off in South Carolina due to a permanent closure of a facility in Gaffney.

The business will transition operations at the Gaffney plant, which produces a limited supply of BIC Markers, to two BIC factories in France and Mexico.

As a result, a total of 46 employees will lose their jobs at the end of the year.

Gentherm and Stanley and Decker made similar announcements in March.

Gentherm, which supplies heated seats for the automotive facility, announced it was moving the manufacturing production undertaken at the South Carolina facility to Mexico.

The filing stated the closure would result in 124 staff at the facility losing their jobs by May 3rd.

Stanley and Decker are also closing at the end of the year, resulting in a total of 192 employees losing their jobs.

In 2023, the company closed a facility in Chesterfield, leading to 179 job losses.

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

Also Read: Retirees Will Now Receive More Money For Social Security

Other Economy News Today

Market News Today - Four Massive Companies Are Now Laying Off in South Carolina.
Market News Today – Four Massive Companies Are Now Laying Off in South Carolina.

A grocery outlet with 479 locations now makes an unexpected closure leaving shoppers weeks left to score discounts.

Shoppers are flocking to the Grocery Outlet in Arden-Arcade, California to score last-minute deals and discounts, reports The-Sun.

The retailer on 3431 Watt Avenue, about 91 miles east of Oakland, announced its impending closure through social media.

“Sadly we’re closing our doors at this location soon, but there’s still time for you to save,” Grocery Outlet’s Facebook account announced.

One Facebook user Tony Cox posted a Facebook Live video to share his shopping haul during the store’s final week in business.

“Grocery Outlet going out of business sale,” he said. “Today was day one, 20% off everything, tomorrow it may be 30% off.

Cox said he went to Grocery Outlet to buy his “traditional loaf of bread” and found killer closing business sales for food and snacks.

“The savings go on,” he said. A box of his favorite multigrain cereal that usually costs $5 went for $1.50.

He also got a creamy bisque soup for $1.20 instead of $5.

Cox said the store would be open until April 15 or once it runs out of inventory.

He also noted how more customers could be seen exiting the store behind him with packed shopping carts.

But the Grocery Outlet isn’t the only grocer closing.

Another retail apocalypse is hitting a Walmart in Towson, Maryland, a bit under 30 minutes north of Baltimore

Customers of the store have noticed 50% off sales and shared their observations on social media.

The big box retailer plans to close the location after April 5.

Walmart confirmed employees from the location would have the chance to transfer to a different Walmart store and keep their jobs.

This follows the big box retailer’s decision to close four more stores in 2024.

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

Also Read: A Massive Bank Now Freezes Money From Direct Deposits

Market News Published Daily 📰

Market News Today - Four Massive Companies Are Now Laying Off in South Carolina.
Market News Today – Four Massive Companies Are Now Laying Off in South Carolina.

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), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

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.

View Stock Portfolio

Recommended For You ✨

  • A Massive US Bank is Now Closing Credit Cards
  • SNAP Benefits Will Now Increase For The Year 2024
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A US Bank is Now Denying Customers Access to Money
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • Florida Now Has Massive Departures As Hundreds of Thousands Leave


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
Market News Today - Woman Now Loses Whopping $111k in Social Security Benefits
Previous

Woman Now Loses Whopping $111k in Social Security Benefits

Market News Today - A Massive Bank is Now Stealing Disability Benefit Checks
Next

A Massive Bank is Now Stealing Disability Benefit Checks

2 Comments
  1. Frank Nez says:
    April 4, 2024 at 4:07 pm

    Leave your thoughts below.

    Log in to Reply
  2. Frank Nez says:
    April 4, 2024 at 4:06 pm

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

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • Hester Peirce is leaving the SEC
    Hester Peirce Is Now Leaving The SEC Following Years of Wall Street Lobbying
    by Frank Nez
  • Microsoft Layoffs surge in Xbox division as the company under Asha Sharma restructures for cost savings and profitability
    Microsoft Layoffs Now Surge in Xbox Division
    by Kelsey Moore
  • GameStop short interest and short squeeze news
    GameStop’s Short Interest Is Now Spiking Again
    by Frank Nez
  • Price of AMC stock is undervalued
    The Price of AMC Stock is Now ‘Severely Undervalued’
    by Frank Nez
  • When Will Gas Prices Go Down?
    Gas Prices Near Their Highest Levels This Year
    by Bryan Goddard
Unlock your personal brand ebook

Need to Reach Us? Email us at contact@franknezmedia.com

FrankNez is an independent news platform founded by American journalist Frank Nez, focusing on delivering timely, data-driven news and reporting on various industries, including finance, economy, banking, business, and entrepreneurship. Now featured on MSN & AOL.

Markets

  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Cryptocurrency

Money

  • Personal Finance
  • U.S. Banking
  • Economy
  • Housing

Business

  • Business
  • Entrepreneurship
  • Retail
  • Bankruptcy
  • Layoffs

Company

  • Home
  • About
  • Editorial Policy
  • Privacy Policy
  • Newsletter
  • Advertise/Sponsorship
X-twitter Facebook Patreon Youtube Google-plus-g

© 2026 FrankNez Media, All Rights Reserved.

X-twitter Facebook-f Google-plus-g Patreon Youtube