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Home/Banking News/Unexpected Layoffs in Michigan Will Now Affect Thousands Soon
Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands Soon

Unexpected Layoffs in Michigan Will Now Affect Thousands Soon

By Frank Nez
December 2, 2023
2

Unexpected layoffs in Michigan will now affect thousands soon according to the latest WARN data today.

A total of 10 businesses have now filed WARN notices advising of layoffs in Michigan during this fourth quarter.

While these businesses have not yet announced a starting date, the notice dates are currently available.

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.

Below is a list of companies who have advised of upcoming layoffs in Michigan so far during the fourth quarter of 2023:

  • RPT REALTY. 99 job cuts, filed 10/30.
  • FAITH PLASTICS LLC. 10 job cuts, filed 10/17.
  • Exela Technologies.44 job cuts, filed 10/17.
  • ANTOLIN. 146 job cuts, filed 10/13.
  • ST JAMES NURSING & PHYSICAL. 34 job cuts, filed, 10/10.
  • ACCENTURE TECHNOLOGY. 83 job cuts, filed 10/9.
  • Meridian Lightweight Technologies Inc. 25 job cuts, filed 10/04.
  • GREAT LAKES CASTINGS LLC. 100 job cuts, filed 10/03.
  • DURA FREMONT LLC. 25 job cuts, filed 10/3.
  • VENTRA EVART LLC. 414 job cuts, filed 10/3.
Layoffs in Michigan 2023.
Layoffs in Michigan 2023.

So far in 2023, there has been approximately 8,240 layoffs in Michigan across 50 businesses according to the latest WARN data.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.

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Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.

A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.

The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.

A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.

On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.

They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.

Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.

Furthermore, the family was forced to go to a shelter for their meals.

“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.

“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.

The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”

Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.

Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

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Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.

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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    November 29, 2023 at 9:45 pm

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  2. Frank Nez says:
    November 29, 2023 at 9:45 pm

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