Massive layoffs in Tennessee now grow by the hundreds just before the holidays as more businesses advise of upcoming job cuts.
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.
“Disappointing news for employees at a Morgon Olson facility in Tennessee, as they were notified they would be losing their jobs just days before Christmas,” reports Ash Jurberg.
“Morgan Olson filed a WARN Act with the Tennessee Department of Labor and Workforce Development advising that 290 staff at a facility will be laid off on December 22.
The cuts are due to the current economic conditions and forecasts delaying orders of new vehicles.”
Morgon Olson released the following statement:
“Employee separations will begin on December 22, 2023, and are expected to be complete by the end of 2023.
The total number of affected workers is 290. This company is located at 9600 Corporate Park Dr., Loudon, TN 37774.”
California remains the #1 state with the most layoffs in the country.
In second place is Colorado, followed by Illinois, Texas, Washington, New York, New Jersey, Florida, Michigan, and Georgia.
So far in 2023, Tennessee has laid off approximately 4,513 employees with 46 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: This Massive Chain Now Continues To Close Down in Texas
Other Economy News Today
A massive retailer in Florida is now grappling with bankruptcy after filing for Chapter 11 three times already.
Concerns are growing over popular furniture retailer Z Gallerie as it struggles to raise cash, opening the possibility of liquidation.
For now, the company is looking for a potential buyer which would allow the company to restructure its finances and keep its doors open.
“Z Gallerie first opened in 1979 and now has 21 stores across the United States. Florida has the most stores of any state, with seven, and they may close before the end of the year unless the business is acquired,” reports Ash Jurberg.
“According to the latest bankruptcy filing, this business is running out of cash due to “underperforming retail stores, adverse macroeconomic trends, and industry-specific headwinds.”
The company first filed for Chapter 11 bankruptcy in 2009 and again later in 2019.
Z Gallerie had nine stores in Florida, but only the following seven stores currently remain open today:
- 9100 Strada Pl # 2130, Naples, Florida 34108
- 600 Silks Run # 1260, Hallandale Beach, Florida 33009
- 140 University Town Center Dr # 156, Sarasota, Florida 34243
- 4024 Eastgate Dr, Orlando, Florida 32839
- 2223 Westshore Blvd, Tampa, Florida 33607
- 309 Plaza Real, Boca Raton, Florida 33432
- 14551 5th St, Pembroke Pines, Florida 33027
“The filing was sparked by Z Gallerie’s dwindling cashflow, which has fallen below $500,000.
To get the business back on track, leadership has retained M&A firm Stump & Company to market Z Gallerie assets and find a potential buyer.
If the efforts for a strategic sale are unsuccessful, the brand’s assets will be liquidated,” reports Retail TouchPoints.
This is a developing story.
Also Read: 3 New In-N-Out Locations in California Now Get Approved
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