Skip to content
Join our newsletter for news & blogs on-the-go. Subscribe Here!
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/Massive Company Is Now Cutting Jobs in Three More States
Market News Today - Massive Company Is Now Cutting Jobs in Three More States

Massive Company Is Now Cutting Jobs in Three More States

By Frank Nez
February 7, 2024
2

A massive company is now cutting jobs in three more states to match its network capacity with delivery demand.

UPS has announced that it will now be laying off employees at its Connecticut, Maryland, and Oregon locations.

The company is closing its twilight and night sorts at its hub in Windsor, Connecticut, on April 2 due to reduced volumes, which will impact 118 employees, according to a Worker Adjustment and Retraining Notification (WARN) Act letter.

“This action is expected to be permanent due to the lack of available work at this location moving forward,” the notice said, adding that UPS will offer work to affected employees if other positions become available.

UPS will also eliminate day sortation shifts at its Halethorpe, Maryland, facility and its Portland, Oregon, hub, spokesperson Jim Mayer said in an email to Supply Chain Dive.

The Halethorpe sort closure will occur on March 26 and affect 118 employees, according to a WARN post.

And the Portland hub will close its day sort on March 28, Meyer said, but he did not say how many employees will be laid off as a result.

The planned closures add to sortation shift cuts UPS is making in Louisville, Kentucky, and Indianapolis, Indiana.

UPS has weathered volume declines over the past several quarters, and it is laying off workers and trimming labor hours to match its network capacity with current demand levels.

The company plans to cut roughly 12,000 jobs this year, primarily in management and contracted positions.

“We often evaluate our operations and flex our network to meet volume demands,” Mayer said.

“This allows us to continue delivering industry-leading service while also maintaining competitive prices.”

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

Also Read: A Home Furniture Retailer Now Files For Unexpected Bankruptcy

Other Economy News Today

Market News Today - Massive Company Is Now Cutting Jobs in Three More States.
Market News Today – Massive Company Is Now Cutting Jobs in Three More States.

A grocery store with 900 locations now makes an unexpected closure despite a recent $26.5 million deal to make upgrades.

In just under two weeks, Save-A-Lot will be closing a grocery store in Richton Park, Illinois, a suburb of Chicago, reports The-Sun.

The Village of Richton Park announced the closure on Facebook, saying the grocer’s last day will be February 16.

“The store will have had a 17-year run in our town center,” Village President Rick Reinbold said in a statement shared to Facebook.

“Richton Park shoppers want a new specialty grocery store, so hopefully this vacancy becomes an opportunity for a new user our residents can be proud of.”

The Save-A-Lot store is owned by Ohio-based Yellow Banana, and is one of approximately 900 nationwide stretching across Colorado, Texas, Florida, Maine and more.

The grocer is extremely popular for its discounted selection of quality groceries and family meal planning items, reports The-Sun.

While the company reportedly began seeking to renovate multiple Chicago-based location, the Village said Yellow Banana declined the “propose any new investment or lease extension for the Richton Park store.”

The Richton Park location is approximately 15,000 square feet and is expected to be home to a new location, alongside a specialty vegan bakery and cafe.

“The Village of Richton Park is a warm, welcoming and diverse south suburban village where progress and forward thinking are plentiful,” the statement said.

“Richton Park prides itself in being a safe, tight-knit community with opportunity and promise for visitors, families, and businesses.”

Many shoppers have lamented the closure, taking to Facebook to express their dissatisfaction with the decision.

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

Also Read: A Popular Clothing Retailer Now Begins An Unexpected Liquidation

Market News Published Daily 📰

Market News Today - Massive Company Is Now Cutting Jobs in Three More States.
Market News Today – Massive Company Is Now Cutting Jobs in Three More States.

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 ✨

  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • The US Treasury Direct is Now Freezing Customer Accounts
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • A Massive US Bank is Now Closing Credit Cards
  • SNAP Benefits Will Now Increase For The Year 2024


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 - A US Vet Now Gets Money Drained From Bank Account
Previous

A US Vet Now Gets Money Drained From Bank Account

Market News Today - A Bank Now Announces Massive Layoffs and Branch Closures
Next

A Bank Now Announces Massive Layoffs and Branch Closures

2 Comments
  1. Frank Nez says:
    February 7, 2024 at 10:02 pm

    Leave your thoughts below.

    Log in to Reply
  2. Frank Nez says:
    February 7, 2024 at 10:02 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

  • Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
    Gen Z And Millennials Are Now Choosing Stocks Over Houses
  • Our Small Business Just Made $100,000 In Less Than 7 Months
    Our Small Business Just Made $100,000 In Less Than 7 Months
  • Wells Fargo Says It's Closing Another Major Branch
    Wells Fargo Says It’s Closing Another Major Branch
  • Major US Bank Is Now Closing 18 Branches This Summer
    Major US Bank Is Now Closing 18 Branches This Summer
  • Stop & Shop Store Closures
    A Massive Grocery Chain Is Now Closing Stores
Unlock your personal brand ebook

Trending Market News 📈

Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a leading journalism & independent media platform that thrives on community. Read the latest in U.S. Economy, Banking, Markets, and more.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Gen Z And Millennials Are Now Choosing Stocks Over Houses
  • Our Small Business Just Made $100,000 In Less Than 7 Months
  • Wells Fargo Says It’s Closing Another Major Branch
  • Major US Bank Is Now Closing 18 Branches This Summer
  • A Massive Grocery Chain Is Now Closing Stores

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.