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Home/Banking News/Unexpected Layoffs in Ohio Now Surge Going Into 2024
Market News Today - Unexpected Layoffs in Ohio Now Surge Going Into 2024

Unexpected Layoffs in Ohio Now Surge Going Into 2024

By Frank Nez
December 6, 2023
2

Unexpected layoffs in Ohio now surge going into 2024 as more businesses file WARN notices advising of upcoming job cuts.

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 the state of Ohio, these must be filed with the Ohio Department of Job and Family Services.

So far in 2023, there has been approximately 7,176 layoffs in Ohio across 76 businesses according to the latest WARN data.

This is more than double last year’s figures.

In 2022, thirty-one businesses filed notices amounting to 3,743 layoffs.

However, 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.

New Layoffs in Ohio 2023.
New layoffs in Ohio 2023.

Below is a list of businesses who have warned of upcoming layoffs in Ohio:

  • Mansfield Plumbing Products, LLC. 263 job cuts by 12/31.
  • GXO Logistics. 192 job cuts by 1/15/2024.
  • York Street Fresh Foods LLC. 150 job cuts by 12/15.
  • Sunbeam Products Inc. 130 job cuts by 12/31.
  • St. Bernard Soap Company. 127 job cuts by 12/10.
  • ProMedica Employment Services II. 122 job cuts by 12/16.
  • Ardagh Metal Packaging. 110 job cuts by 1/31/2024.
  • Klarna LLC. 102 job cuts by 12/23.
  • Whole Foods Market / Amazon. 99 job cuts by 12/05.
  • Morgan Stanley. 95 job cuts by 12/31.
  • Amazon. 90 job cuts by 1/02/2024.
  • Nestle. 77 job cuts by 12/31.
  • Honeywell. 66 job cuts by 12/15.
  • Stevens Aerospace and Defense Systems. 54 job cuts by 1/31/2024.

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

Other Economy News Today

Market News Today - Unexpected Layoffs in Ohio Now Surge Going Into 2024.
Market News Today – Unexpected Layoffs in Ohio Now Surge Going Into 2024.

A popular travel retailer now files for unexpected bankruptcy after experiencing “significant financial difficulty”.

Van’s Aircraft has now announced that it has filed for Chapter 11 bankruptcy protection.

Van’s posted a statement on its website about its Dec. 4 Chapter 11 bankruptcy filing. 

The Aurora, Ore., company, founded 1972, tried to reassure its customers that it would “continue to source, produce, and provide parts, service, and support to our customers. We will also be crating and shipping kit orders.”

The company sells a variety of kits to make airplanes, and many of its customers have never built a plane before.  

“RV kits are very complete. All necessary aluminum forming is done; all welding is completed at the factory. Molded canopies and fiberglass parts are supplied.

All the hardware is included. Most steel parts are powder-coated,” the company writes on its website.

Van’s sells planes that have up to four seats with a variety of capabilities.

Some are optimized for short flights while others have longer ranges or can even be used to perform acrobatics.

In a note to customers posted on its website, Van’s made clear that it has a significant inventory of parts, so it can continue to support built aircraft as well as those being built now.

The company also explained what led to its Chapter 11 petition, filed in U.S. Bankruptcy Court for the District of Oregon.  

“We understand that this situation creates a hardship for everyone involved.

However, without these changes we do not see a viable path forward that would allow Van’s Aircraft to remain in business and support its customers,” the company said in a statement.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - Unexpected Layoffs in Ohio Now Surge Going Into 2024.
Market News Today – Unexpected Layoffs in Ohio Now Surge Going Into 2024.

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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 6, 2023 at 8:06 pm

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  2. Frank Nez says:
    December 6, 2023 at 8:06 pm

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