Three Companies Now Announce Unexpected Layoffs in Wisconsin
Three companies now announce unexpected layoffs in Wisconsin according to WARN notices advising of upcoming job cuts.
It’s important to note that under the Worker Adjustment and Retraining Notification (WARN) Act, employers with more than 100 full-time workers must provide 60 days’ notice before laying off 50 or more employees at a single site.
These must be filed with the Wisconsin Department of Workforce Development.
Charter Communications has advised that a total of 122 employees in Fond du Lac will lose their jobs when an entire facility closes in August.
Baxter Health Corp is also closing a facility in August.
As a result, a total of 32 staff members in Milwaukee will lose their jobs.
Earlier this week, Sun Nuclear Corporation filed a notice with the Wisconsin Department of Workforce Development.
The company advised that due to a facility closure, a total of 39 staff in Middleton would be laid off.
These three companies aren’t the only businesses laying off in Wisconsin.
Below is a list of other companies cutting jobs in Wisconsin this year:
- Concordia University in Wisconsin announced a restructuring that will lead to mass layoffs.
- Mercury Marine, headquartered in Wisconsin, has announced plans to lay off 300 workers due to decreased consumer demand. The layoffs, scheduled to take place through July, are part of the company’s efforts to adjust operations in response to the economic environment.
- Bon Appetit Management laid off 62 staff at a facility in Appleton on June 17.
- Strauss Brands has decided to discontinue production at its Franklin production facility. As a result, the company is permanently reducing the workforce of up to 70 of its employees.
- Ward Manufacturing is closing a facility in Milwaukee, leading to 62 staff losing their positions on August 1
- Sodexo is closing a facility in West Allis on June 30, leading to 50 jobs being cut.
- Walmart is closing a facility in Milwaukee, leading to 105 staff losing their positions on July 26
- JELD-WEN Inc. is closing a location in Hawkins. 338 staff will be laid off on June 10.
- Cadrex Manufacturing Solutions advised they are laying off 30 staff.
- Zoomlion laid off 31 staff at a facility in June.
- Lakeside Book Company laid off 339 staff at a facility in June.
- Staff Management Solutions let go of 87 staff in Sheboygan Falls.
- Sientra also closed a facility in Milwaukee in June, leading to 126 employees being laid off.
For more layoff news and updates like this, opt-in for push notifications.
Also Read: Retirees Will Now Receive More Money For Social Security
Other Economy News Today
Applications for unemployment benefits now surge to new highs, a sign that the white-hot labor market is starting to cool off.
First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, per CNN.
Thursday’s data also showed that the number of continuing claims, or applications from people who have filed for unemployment for at least one week, was 1.78 million.
That’s an increase of 17,000 from the prior week, according to the Bureau of Labor Statistics.
The latest numbers come less than a week after the monthly jobs report showed the US economy added just 175,000 positions in April, less than economists expected and a steep drop-off from prior months.
US employers have now added an average of 245,500 jobs per month, versus 2023’s 251,000-per-month average.
Still, hiring remains strong. Although the unemployment rate ticked up to 3.9% last month, it’s the 27th consecutive month that the jobless rate has held under 4%, matching a streak last seen in the late 1960s.
Weekly jobless claims data tends to be volatile but, while one week’s worth of data “does not a trend make,” said Chris Rupkey, chief economist at Fwdbonds.
“We can no longer be sure that calm seas lie ahead for the US economy if today’s weekly jobless claims are any indication.”
“Company layoffs are picking up, hinting at caution on the part of companies as they weigh the outlook for the second half of the year,” he wrote in a note Thursday.
The Federal Reserve has been battling inflation by raising its key lending rate in the hopes of slowing the economy.
While the labor market has so far resisted those efforts, remaining white hot for the past 18 months despite 11 rate hikes from the central bank, Fed Chair Jerome Powell said last week that demand has “cooled from its extremely high level of a couple of years ago.”
Ian Shepherdson at Pantheon Economics said in a note Thursday: “We’d need to see at least a month of elevated readings to convince us that the trend really has turned.”
For more news and updates like this, opt-in for push notifications.
Also Read: A Giant Company Now Announces Unexpected Layoffs in Virginia
Market News Published Daily 📰
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.
Our readers can now donate $3 per month to support independent journalism.
For daily news and updates on your favorite stories, opt-in for push notifications.
Follow Frank Nez on X (Twitter), Instagram, or Facebook.
Support Independent Journalism ✍🏻
Support independent journalism for just $3 per month!
Your contributions help power Franknez.com as the cost of widgets and online tools continue to rise.
Thank you for your support!
Recommended For You ✨
Comments are closed.
-
-
-
-
-
Show CommentsDon’t forget about John Deere taking part of their production to Mexico.
Yep, I just talked to a guy today in Milwaukee. I said it’s awful quiet in here. He said a lot of people on lunch, but then again we don’t have as many employees as we used to since the companies closing its doors and moving its production to Tijuana.
Yup freekin build back better bullshit 😒 😤
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.