A new wave of unexpected layoffs now hits Indiana as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that 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.

Coal production company Hallador Energy has filed a WARN act with the Indiana Department of Workforce Development advising of upcoming layoffs that will result in 112 job losses across Freelandville, Oaktown, and Prosperity.

The notice states that layoffs will commence on April 23.

“We value the contribution of all of our employees and recognize that these actions, while the right thing to do for the company, are also very hard for many of our employees and their families,” said CEO Brent Bilsland.

Layoffs in Indiana 2024.
Layoffs in Indiana 2024.

Below is a list of other businesses who have advised of upcoming layoffs in Indiana according to the latest WARN data:

  • Strick Trailers, LLC. 160 job cuts 5/1.
  • Sunrise Coal. 112 job cuts 4/23.
  • Tyson Foods. 168 job cuts by 8/10.
  • BorgWarner PDS. 101 job cuts by 4/12.
  • Refresco. 45 job cuts by 3/28.
  • Forest River Inc. 83 job cuts by 4/19.
  • Integra Lifesciences. 60 job cuts by 4/26.
  • Gannett. 90 job cuts by 4/7.
  • Block. 2 job cuts by 3/30.
  • Meetings & Events International (MEI). 69 job cuts by 3/31.
  • Energizer. 64 job cuts by 4/1.
  • Kenco Logistic Services. 110 job cuts by 3/19.
  • Lost Boys Interactive, LLC. 2 job cuts by 3/15.

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

Also Read: Another Facility in South Carolina Now Announces An Unexpected Closure

Other Economy News Today

Market News Today - A New Wave of Unexpected Layoffs Now Hits Indiana.
Market News Today – A New Wave of Unexpected Layoffs Now Hits Indiana.

A massive shoe retailer is now closing a quarter of stores following a drop of 15% in sales last year, sources confirm.

Alongside a nearly 15% revenue drop for 2023, popular shoe retailer Allbirds on Tuesday named a new CEO, replacing co-founder Joey Zwillinger.

Joe Vernachio, who has been Allbirds’ chief operating officer since 2021, will now take over the top post and join the board of directors on Friday.

Zwillinger will stay on as a board member and a special adviser to the company, according to a company press release.

Allbirds co-founder Tim Brown stepped down from the co-CEO role last year and now serves as the brand’s chief innovation officer.

At the same time, Allbirds reported earnings, with revenue for Q4 and the full year both down by about 15%.

Fourth-quarter revenue was $72 million, while full-year revenue was $254 million.

The company’s current plan to close 10 to 15 stores — about 17% to 25% of its 60-store fleet — will cost its U.S. business about $7 million to $9 million, reports Retail Dive.

“Stores remain a highly effective way to meet new customers and drive omnichannel purchasing and omnichannel purchasing is the most profitable consumer journey we can generate,” Zwillinger said.

“As we focus on renewing brand momentum and driving sustained growth in the U.S., we are leaning into our most efficient stores in key cities where we want to win.”

International revenue will also be hit with $25 million to $28 million in costs as Allbirds moves from a straight DTC model to a distributor model.

Zwillinger on a call with analysts said the distributor model is a “more profitable” go-to-market strategy and is allowing Allbirds to consider entering more international markets going forward.

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

Also Read: A Massive Grocery Store Will Now Close All Locations

Market News Published Daily 📰

Market News Today - A New Wave of Unexpected Layoffs Now Hits Indiana.
Market News Today – A New Wave of Unexpected Layoffs Now Hits Indiana.

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)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


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.