Massive Layoffs in Utah Now Announced by Businesses

Massive layoffs in Utah have now been announced by more businesses before year’s end.

Companies in Utah will be laying off several hundreds of employees leading up to December according to the latest WARN data.

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 of two businesses in Salt Lake City, Utah, with layoff notices filed with the state today,” reports Ash Jurberg.

“Today, SKF filed a notice with the Utah Department of Workforce Services advising of impending job cuts due to a permanent closure.

SKF is a designer and manufacturer of bearings, seals, and lubrication systems, and they will be laying off 108 staff in Salt Lake City on December 4.

Pharmacy chain Walgreens also lodged a WARN filing today stating that 70 staff in Salt Lake City will be laid off on November 29.”

Utah has had approximately 1,396 layoffs this year with 16 businesses advising of job cuts in 2023.

The latest job cut filings indicate several hundreds of jobs will be lost leading up to December.

However, California still 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.

Below are the businesses that filed a WARN act of upcoming layoffs in Utah this year:

• SkyWest Airlines. 226 job cuts.
• ThermoFisher. 141 job cuts.
• Actavis Laboratories. 109 job cuts.
• Walgreens. 70 job cuts.
• SKF. 108 job cuts.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

A popular beer brand has now filed for an unexpected bankruptcy in efforts to reorganize the business and stay afloat, the company said.

Metropolitan Brewing, one of Chicago’s oldest craft breweries has filed for Chapter 11 bankruptcy “largely because it cannot afford to pay the back rent it owes its lenders,” reports TheStreet.

“Yeah, it’s true. Earlier this week, we filed for Chapter 11 bankruptcy protection.

This is the ‘reorganization’ type of bankruptcy, meant to help us right our ship.

The details are super boring. Importantly…

We are still open, and we have no current plans to change that status,” the company’s owners shared.

The company’s Chapter 11 filing blames its struggles on its rent.

The brewer moved to a new, more expensive, location in 2017 and is now unable to fulfill its obligations.

“The bankruptcy is being filed because while (Metropolitan) can pay market rent for the brewery space going forward . . . there is no way the (brewery) can ever repay the amount of back rent the landlord is seeking,” the Chicago Tribune reported the company shared in its filing. 

“We still have plenty of fight in us. And we still believe in the beer we brew. We’ll get through this. It will just be easier — and way more fun — if you join us,” the company shared in a post reminding customers that it’s open year-round. 

However, industry leaders say breweries in general are facing challenges nationwide.

“Honestly, it’s not just Portland, brewery sales are down nationwide,” said Larry Clouser who has owned multiple breweries in Oregon in an interview with KGW8.

“Within the last month, seven breweries and taprooms in Portland have closed or announced their upcoming closure.

Rising costs of operation, changes in consumer drinking habits, and the lingering effects of the pandemic have all affected the market,” reported an Oregon Public Radio.

Also Read: Massive Layoffs in Texas Mount as Businesses Now Go Bankrupt

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