Skip to content
Join our newsletter for news & blogs on-the-go. Subscribe Here!
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Another Grocery Store Chain Now Joins Major Trader Joe’s Recall
Home/Banking News/Unexpected Layoffs in North Carolina Now Grow
Market News Today - Unexpected Layoffs in North Carolina Now Grow

Unexpected Layoffs in North Carolina Now Grow

By Frank Nez
December 18, 2023
2

Unexpected layoffs in North Carolina now grow as more businesses file WARN notices advising of upcoming job cuts.

The latest business to file a WARN notice is Gate Precast, which makes architectural precast concrete for major construction projects.

Gate Precast has announced that it will be closing a facility in North Carolina, resulting in the termination of all of its employees at the location.

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.

In North Carolina, these must be filed with the North Carolina Department of Commerce.

Gate Precast has filed a notice advising that a total of 77 employees at their facility in Oxford will be laid off starting in February, 2024.

The filings with the North Carolina Department of Commerce show that approximately 101 companies have laid off staff in North Carolina this year, resulting in nearly 9,000 people losing their jobs.

Below is a list of businesses that have advised of upcoming layoffs in North Carolina soon:

  • Amentum. 92 job cuts by 2/03/2024.
  • LSG Sky Chefs. 57 job cuts by 1/31/2024.
  • GATE Precast. 77 job cuts by 7/1/2024.
  • CPP Global LLC. 52 job cuts by 4/30/2024.
  • National Spinning Co. Inc. 100 job cuts by 1/15/2024.
  • Dansons Inc. 49 job cuts by 4/30/2024.
  • Cygnus Home Service LLC dba Yelloh. 24 job cuts by 1/27/2024.
  • Printpack, Inc. 90 job cuts by 12/31.
  • Hood Container. 88 job cuts by 12/19.
  • AgBiome, Inc. 123 job cuts by 12/15.
  • National Distribution Centers LLC. 217 job cuts by 12/31.
  • Gildan Yarn’s. 258 job cuts 12/08.
  • Smithfield Packaged Meats Corp. 107 job cuts by 12/8.
  • Kayser-Roth Corporation. 126 job cuts by 12/22.

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

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

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

Other Economy News Today

Market News Today - Unexpected Layoffs in North Carolina Now Grow.
Market News Today – Unexpected Layoffs in North Carolina Now Grow.

A massive US company is now laying off a whopping 900 workers nationwide according to the latest WARN act filings.

Delivery truck maker Morgan Olson will lay off a total of 908 workers from its plants in Michigan, Tennessee and Virginia, the company disclosed through the states’ Worker Adjustment and Retraining Notification Act systems in October.

Morgan Olson produces aluminum delivery trucks and vans for companies such as UPS, FedEx and Aramark, according to their website.

The layoffs will begin Dec. 22 and will be complete by the end of the year, according to the WARN letters.

Fortunately the workforce cuts at all three locations are only temporary, according to a statement from the company.

“Major parcel delivery companies have communicated to Morgan Olson that new vehicle purchase orders will be delayed due to the current economic conditions and forecasts,” the company said in a statement to Manufacturing Dive.

“As a result, Morgan Olson will temporarily be reducing their workforce at all three Morgan Olson locations in Michigan, Tennessee, and Virginia.” 

Of the three facilities, the Ringgold, Virginia, facility will have the most layoffs with 435.

The number of workers losing their jobs at Morgan Olson’s plant in Loudon, Tennessee, is 290, followed by 183 workers in Sturgis, Michigan. 

The Ringgold site is the company’s newest location, which it established in a former Ikea facility in 2020, and had been projected to create over 700 jobs when it opened. 

In its Virginia WARN letter, the company said it hopes business improves so it can rehire.

“Ongoing production will continue at all locations as the company looks forward to the return of the parcel delivery market demand and new product offerings,” Morgan Olson said in a statement.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Market News Today - Unexpected Layoffs in North Carolina Now Grow.
Market News Today – Unexpected Layoffs in North Carolina Now Grow.

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

More Market News 📰

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.

View Stock Portfolio

Recommended For You ✨

  • The US Treasury Direct is Now Freezing Customer Accounts
  • A Massive US Bank is Now Closing Credit Cards
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • SNAP Benefits Will Now Increase For The Year 2024
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

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.

Follow Me
Other Articles
Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands
Previous

Unexpected Layoffs in Michigan Will Now Affect Thousands

Market News Today - Several Massive Banks Are Now Closing in California
Next

Several Massive Banks Are Now Closing in California

2 Comments
  1. Frank Nez says:
    December 18, 2023 at 6:11 pm

    Leave your thoughts down below.

    Log in to Reply
  2. Frank Nez says:
    December 18, 2023 at 6:11 pm

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

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • Investors now press Trump on MMTLP scandal - MMTLP news
    Investors Now Press Trump on The MMTLP Scandal: What’s Next?
  • The ASSET Act allows banks and credit unions to freeze bank accounts
    Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
  • Jane Street $15 Billion Loss
    Margin Call Forces Citadel Rival Into $15 Billion Loss
  • Home sales fall to a new record low
    Home Sales Fall To A New Record Low
  • More US Consumers Are Beginning to Cut Retail Spending
    More US Consumers Are Beginning to Cut Retail Spending
Unlock your personal brand ebook

Trending Market News 📈

Investors now press Trump on MMTLP scandal - MMTLP news

Investors Now Press Trump on The MMTLP Scandal: What’s Next?

Frank Nez
By Frank Nez
August 22, 2026
The ASSET Act allows banks and credit unions to freeze bank accounts

Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law

Frank Nez
By Frank Nez
August 22, 2026
Jane Street $15 Billion Loss

Margin Call Forces Citadel Rival Into $15 Billion Loss

Frank Nez
By Frank Nez
August 18, 2026
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses

Gen Z And Millennials Are Now Choosing Stocks Over Houses

Frank Nez
By Frank Nez
August 9, 2026
Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025

About

FrankNez is a leading journalism & independent media platform that thrives on community. Read the latest in U.S. Economy, Banking, Markets, and more.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Investors Now Press Trump on The MMTLP Scandal: What’s Next?
  • Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
  • Margin Call Forces Citadel Rival Into $15 Billion Loss
  • Home Sales Fall To A New Record Low
  • More US Consumers Are Beginning to Cut Retail Spending

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.