This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in California, Ohio and Pennsylvania in April as part of a wave of cuts across the company’s network, reports Supply Chain Dive.
According to spokesperson Jim Mayer, UPS is reducing or ending operations at the following locations:
- UPS’ Western Regional Air Hub in Ontario, California, will shutter its “sunrise” package sortation shift on April 27.
- A UPS trailer shop in Perrysburg, Ohio, will close on April 1.
- UPS’ New Stanton, Pennsylvania, facility will end its day sortation shift on April 15.
Mayer did not say how many employees would be laid off as a result of the closures.
However, at its New Stanton location, 206 employees will be impacted by its day sort closure, according to a February 15 Worker Adjustment and Retraining Notification (WARN) Act letter.
“This action is expected to be permanent due to the lack of available work at this location moving forward,” the letter said, adding that affected employees will be offered work if other positions become available.
The delivery giant continues to shrink its workforce and ‘rightsize‘ its network in response to volume declines.
UPS says it plans to reduce its headcount by a whopping 12,000 people in 2024, after already trimming 43,000 employees from the company over a three-year span.
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Also Read: A New Wave of Unexpected Layoffs Now Hits Wisconsin
Other Economy News Today
This massive restaurant is now closing 41 locations over the next quarter due to major underperformance, sources report.
Bloomin’ Brands will close 41 stores over the next quarter, reports Restaurant Dive.
These units include 36 “predominantly older, underperforming restaurants” and five Aussie Grill locations, including three in the U.S. and two in international markets, according to the company’s latest earnings release.
Bloomin’ decided to close the restaurants in question following a periodic review of assets that included consideration of trade area, historical performance and the investment required to renovate the units and strengthen their sales, CEO David Deno said on the company’s Q4 2023 earnings call.
The company will see “asset impairments and net closure charges of $32.3 million during Q4 2023.
We expect to complete these closures during Q1 2024 and incur charges of between $8 million and $11 million,” according Bloomin’s earnings release.
Deno said Bloomin’ would offer transfer opportunities to a large number of impacted employees and severance payments to those it cannot place.
The closures were not a reflection of the performance of individual employees, Deno said.
“A majority of these restaurants were older assets with leases from the 90s and early 2000s,” Deno told analysts.
Aussie Grill, the smallest of Bloomin’s brands, will be hardest hit by the closures.
According to the chain’s Q3 earnings release, the fast casual brand had 14 units at the start of Q4, with seven in the U.S. and seven in international markets.
The chain’s five closures represent a more than 35% drop in unit count for the brand.
Bloomin’ expects to open 40 to 45 new restaurants in 2024, in areas Deno described as “promising trade areas with great potential.”
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Also Read: This Massive Mall Retailer Is Now Closing In California
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