A company now announces of massive layoffs in South Carolina, resulting in the loss of several hundreds of jobs in the state.

Mahle Behr, a German automotive supplier specializing in air conditioner and radiator parts, has announced the permanent closure of its North Charleston factory, impacting a whopping 466 employees.

The closure was disclosed in a notice filed earlier this week with the South Carolina Department of Employment and Workforce.

The plant, located at 4500 Leeds Ave., is set to shut down by the end of the year.

Unfortunately, the first round of layoffs is scheduled to begin during the second quarter of the year, on April 12.

Additional job cuts will continue throughout the rest of 2024, per sources.

The company has not publicly stated the reason for the closure.

Components and systems manufactured at the site are used in various applications, including rail transport and marine.

Mahle Behr is one of the world’s largest suppliers to the automotive industry, employing nearly 72,000 workers at 152 production locations and 12 research centers globally.

The impact of this shutdown on the local community and the broader automotive supply chain will be closely monitored.

As the closure process unfolds, the focus will be on the transition and support for the affected employees.

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Also Read:ย SNAP Benefits Will Now Increase For The Year 2024

Other Economy News Today

Market News Today - This Company Now Announces of Massive Layoffs in South Carolina.
Market News Today – This Company Now Announces of Massive Layoffs in South Carolina.

A major grocery store in Texas now makes an unexpected closure, resulting in filing a WARN notice advising of upcoming layoffs.

The Tom Thumb grocery store located at 4000 William D. Tate Ave. in Grapevine is set to permanently close by the end of February.

And unfortunately for the grocery stores employees, they are all scheduled to be laid off.

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.

These must be filed with theย Texas Workforce Commission.

A notice was filed last week advising that a total of 71 staff at the store will lose their jobs on February 17.

The choice to close the store was influenced by the timing of its lease renewal and the presence of other nearby stores under the same corporate umbrella, according to the company.

The company also said that it remains committed to the North Texas market.

In fall of 2022, Kroger announced plans to acquire Albertsons for a whopping $24.6 billion.

If approved, the merger could mean divesting 30 Texas grocery stores.

Last year, 224 companies filed WARN notices, resulting in over 24,000 people in Texas losing their jobs.

However, the Federal Reserve Bank of Dallas says, “WARN layoffs account for only 2.2 percent of the total Texas layoffs reported by the Bureau of Labor Statistics Job Openings and Labor Turnover Survey.”

According to the survey, about 155,000 workers per month were laid off in Texas.

Experts weigh in stating layoffs may continue this year.

A recent survey of 906 business leaders nationwide by ResumeBuilder found that 38% expect layoffs to continue in 2024.

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - This Company Now Announces of Massive Layoffs in South Carolina.
Market News Today – This Company Now Announces of Massive Layoffs in South Carolina.

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