Wisconsin layoffs are beginning to surge again according to new WARN data filed for October job cuts.
The state has currently laid off nearly 5,000 people this year with at least 94 companies filing WARN notices.
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.
California remains the #1 state with the most layoffs in the country.
Strauss Brands, which operates a veal and lamb production facility in Franklin, said on Thursday it was ending its production.
The company filed a WARN Act notice with the Wisconsin Department of Workforce Development stating that 127 staff will be laid off in December.
“Strauss Brands has decided to discontinue its veal and lamb production at its Franklin, Wisconsin production facility.
The Company must make a permanent reduction in force of up to 127of its employees, most of which are located at its Franklin, Wisconsin facility, located at 9775 S 60th St, Franklin, Wisconsin 53132…
These permanent reductions are expected to occur on or about December 10th, 2023. We will continue to produce grass-fed beef at our Franklin location.
We are working diligently to mitigate these circumstances.
However, we currently do not know if it will be possible to rehire any of the individuals impacted by this reduction.”
Below is a list of companies that recently laid off its workforce in Wisconsin.
Also Read: A New Wave of Massive Layoffs Now Hits Texas
Recent Layoffs in Wisconsin 2023
Below are a number of recent and upcoming layoffs in Wisconsin, as reported by Ash Jurberg.
- Earlier this week, Energizer announced 172 layoffs. ,
- Last month, 133 staff were laid off by Superior Die Corp in Oak Creek.
- 41 staff at St.Norbert College in De Pere will be laid off.
- National Express Transit Corporation, a transportation business, announced last Friday it will lay off 140 employees across three locations in Wisconsin.
- Master Lock lodged a WARN Act with the Wisconsin Department of Workforce Development advising all 235 employees working at the Milwaukee plant would be laid off. Layoffs at the Milwaukee plant will commence on November 3 and continue until March 29, 2024.
- Rexnord announced it would lay off 64 staff in Milwaukee on November 30.
- Trucking company Yellow Freight ended operations, resulting in 261 workers in Wisconsin losing their jobs.
- Shine Technologies laid off 59 employees.
- The Catholic Charities, Diocese of Madison filed a WARN act last Wednesday stating that 59 staff will be laid off.
- Lereta, LLC, announced that 28 staff will be laid off in Fond du Lac.
- NorthStar Medical Radioisotopes advised of 88 layoffs across two sites in Beloit and Madison.
Other Economy News Today
15 Bank of America branches will now close in October, a trend we’ve been seeing all year now.
“The second largest American bank with over an estimated $2.5trillion in assets said it would shutter 15 more branches across six states this month,” reports The-Sun.
“The company has attempted to shut down locations with duplicate branches in the same city as more customers shift to app-based banking.”
Online-only banks have become a serious competition for traditional banks resulting in the closure of several bank branches.
In fact, more than 1000 bank branches have now shuttered this year according to fresh data from the S&P Global Market Intelligence.
“The majority of Americans are concerned about widespread bank branch closures – which are hitting lower-income households the hardest.
Growing numbers of people are being left without access to basic financial services, as big-name banks have axed more than 1,000 branches already this year,” reports DailyMail.
“Data from S&P Global Market Intelligence shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states – with firms pulling out of some areas at a faster rate than others.“
A survey by DailyMail has found that 51% of Americans are ‘very concerned’ or ‘somewhat concerned’ about the impact of “dwindling outlets”, which disproportionately affect poorer households.
According to the analysis by research agency Opinium, 10% of Americans with a household income less than $50,000 said they do not have a local bank branch.
As previously reported, banks are federally mandated to report branch closures to the Office of the Comptroller of Currency (OCC) at least 90 days before closing.
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