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Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
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
Home/Banking News/Massive Layoffs in Ohio Now Announced For 2024
Market News Today - Massive Layoffs in Ohio Now Announced For 2024

Massive Layoffs in Ohio Now Announced For 2024

By Frank Nez
January 4, 2024
3
Updated on May 15, 2024

Massive layoffs in Ohio have now been announced for 2024 as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that the Worker Adjustment and Retraining Notification Act requires an employer with more than 100 full-time workers to provide a 60-day notice before laying off 50 or more people at a single site.

So far, a total of 8 businesses in Ohio are expected to lay off more than 2,100 employees in 2024 already.

Last year, more than 8,900 employees were laid off in Ohio across 81 businesses.

However, California remained the #1 state with the most layoffs in the country.

In second place was New York followed by Texas, Washington, New Jersey, Florida, Michigan, and then Georgia.

Layoff news today - layoffs in Ohio.
Layoff News Today – Layoffs in Ohio.

Below is a list of businesses that have filed WARN notices advising of upcoming layoffs in Ohio for 2024:

  • FCA US LLC. 1,225 job cuts by 2/05/2024.
  • Zulily. 274 job cuts by 2/07/2024.
  • GXO Logistics. 192 job cuts by 1/15/2024.
  • Ardagh Metal Packaging. 110 job cuts by 1/31/2024.
  • Amazon. 90 job cuts by 1/02/2024.
  • Multi-Color Corporation. 86 job cuts by 1/04/2024.
  • Xellia Pharmaceuticals. 80 job cuts by 2/05/2024.
  • Syncreon America, Inc. 68 job cuts by 2/05/2024.

Below is a list of businesses who laid off employees in Ohio just last month in December:

  • Mansfield Plumbing Products, LLC. 263 job cuts by 12/31.
  • York Street Fresh Foods LLC. 150 job cuts by 12/15.
  • Sunbeam Products Inc. 130 job cuts by 12/31.
  • St. Bernard Soap Company. 127 job cuts by 12/10.
  • ProMedica Employment Services II. 122 job cuts by 12/16.
  • Klarna LLC. 102 job cuts by 12/23.
  • Whole Foods Market / Amazon. 99 job cuts as of 12/05.
  • Morgan Stanley. 95 job cuts by 12/31.
  • Nestle. 77 job cuts by 12/31.
  • Honeywell. 66 job cuts by 12/15.
  • Novolex-Shields-Accutech. 59 job cuts as of 12/01.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Layoff News Today

Market News Today - Massive Layoffs in Ohio Now Announced For 2024.
Market News Today – Massive Layoffs in Ohio Now Announced For 2024.

A massive delivery company now plans unexpected layoffs for 2024 as it seeks to reduce sorting operations at a major U.S. hub.

UPS plans to lay off an undisclosed number of employees as it shutters a package sortation shift at its Centennial ground hub in Louisville, Kentucky, on February 16.

“In our industry, packages equal jobs, and we need to match capacity and the number of jobs with current package volume,” the company said in an emailed statement.

The company grappled with declines in package volume over the past several quarters and is attempting to win back volume that it lost during contract negotiations with the International Brotherhood of Teamsters in the summer, reports SupplyChainDive.

The closure of the facility’s day sort affects any employee assigned to those operations, although some impacted workers will have the opportunity to move to other positions, a UPS spokesperson said Tuesday.

UPS disclosed the layoff plans less than a month after the Teamsters said the company laid off about 35 specialist and administrative workers at the hub.

UPS quickly reinstated the affected employees after the union threatened to strike over the layoffs, which impacted workers that recently organized with the Teamsters.

Teamsters Local 89, which represents more than 2,000 UPS workers at the hub, said in a statement Friday that it has meetings scheduled with the company to gather more details about the impending closure of the hub’s day sort.

Since that shift “is a relatively small operation,” most of its volume can likely be absorbed into other existing sorts, the union said.

“With [the hub’s] natural turnover rate, as well as the likelihood of the work being moved to the larger sorts, Local 89 does not anticipate a massive impact on our membership beyond shift and schedule changes,” the union said.

Also Read: Wells Fargo Now Warns of Massive Layoffs For 2024

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Market News Today - Massive Layoffs in Ohio Now Announced For 2024.
Market News Today – Massive Layoffs in Ohio Now Announced For 2024.

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Missing MMTLP Certificates Now Back Up Possibility of Illegal Trading

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