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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

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

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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:
    December 18, 2023 at 6:11 pm

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

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