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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
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Another Grocery Store Chain Now Joins Major Trader Joe’s Recall
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Massive Closures: BBQ Chain Now Closes All Locations
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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.”

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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.

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

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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.

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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.

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

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

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