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Monday, February 7, 2011

Illinois businesses cutting more than 650 employees

(Crain’s)—Seven Illinois companies notified the state of plans to cut a total of more than 650 jobs by the end of March, an increase from layoffs announced a month earlier.

Gray Interplant Systems Inc. accounts for the most losses. The Peoria-based warehousing and storage company will cut 167 employees, according to a monthly Worker Adjustment and Retraining Notification Act report released by the Illinois Department of Employment Security. The state law, known as WARN, requires firms with at least 75 employees to give 60 days’ notice of closings or large layoffs.

Only one of the seven companies, Gold Standard Baking Inc., is based in Chicago. A manufacturer of fresh and frozen baked goods that was acquired by Chicago’s Arbor Investments in 2008, Gold Standard will let 73 workers go when the company shuts down permanently in March. Calls to the bakery and to Arbor Investments were not immediately returned.

Two Kmart stores, in Franklin Park and Downstate Washington, are closing and will shed 163 jobs collectively; Kmart is a unit of Hoffman Estates-based Sears Holdings Corp. Itasca-based C. D. Listening Bar Inc., a durable goods wholesaler that does business as DeepDiscount.com, will lay off 67 employees, and Doumak, a Bensenville chocolate confectionery, will cut 60 people temporarily as it installs new equipment.

Other employers reporting layoffs are AGI North America LLC, a Downstate Jacksonville-based manufacturer of paperboard boxes that is laying off 70 employees, and Houston-based Dynegy Inc., which is dismissing 53 workers at its Vermillion power plant in Downstate Oakwood.

In its previous report, the state said 495 employees would lose their jobs at four businesses by the end of February.

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