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Layoffs continue across the freight and logistics industry, with 2,402 job cuts announced by companies in Arizona, California, Georgia, Illinois, Missouri, Ohio and Texas over the past three weeks.
Hardware wholesaler True Value Co. filed for Chapter 11 bankruptcy Oct. 14 and plans to sell the majority of its assets to competitor Do it Best for $153 million.
The Chicago-based company operates as a member-owned wholesaler cooperative that sells products to hardware sellers, garden centers, industrial distributors and other merchants.
While individual True Value stores are independently owned and will not be a part of the bankruptcy, the company is closing eight regional distribution centers as part of the plan.
The closures will result in 1,108 job cuts. True Value regional distribution centers that have received warn notices include:
True Value officials said they hoped the potential sale to Do it Best could keep some or all of the regional distribution centers operating. The transaction with Do it Best could close by the end of the year.
“Our primary goal throughout our strategic evaluation process has been — and remains — preserving jobs and avoiding or postponing facility closures,” True Value’s chief human resources officer, Irma Quintana, wrote in filings in Ohio and Illinois.
Third-party logistics provider GXO is closing a facility and laying off 343 workers in Bloomington, California, as a result of losing a customer.
Company officials did not name the customer in the filing.
The layoffs at the facility will be finalized by Dec. 31, according to a state filing.
GXO (NYSE: GXO) is a global contract logistics provider. The company employs 130,000 workers and operates 970 warehouse locations worldwide.
The Greenwich, Connecticut-headquartered warehouse operator has laid off 902 employees across the country since the beginning of the year.
CJ Logistics America said it is closing three warehouse operations in Dalton, Georgia, that will result in 275 employees being laid off.
Company officials said the layoffs were the result of losing a customer contract.
The layoffs will be finalized by Jan. 31, according to state filings.
Des Plaines, Illinois-headquartered CJ Logistics America is a supply chain services provider. The company is a subsidiary of South Korea-based CJ Group.
Third-party logistics provider DHL Supply Chain is laying off 163 workers in Tracy, California.
Company officials did not disclose the reason for the layoffs, which will be finalized by Dec. 31, according to a filing with the state.
DHL is also closing Texas facilities in Missouri City and Sugar Land near Houston, and laying off a total of 53 employees. The layoffs will be completed by Jan. 13. The company did not provide a reason for the closures.
FreightWaves has reached out to officials for DHL.
PepsiCo closed a bottling plant and logistics warehouse in Chicago and laid off 131 workers on Oct. 28, according to a state filing.
Pepsico said the plant’s closing was related to “physical limitations” at the site, the company said in an email to Food Dive.
Teamsters Local 727 filed a lawsuit against PepsiCo for “unlawful intent to close” on Nov. 4 for shutting down the warehouse operation, according to CBS.
Teamsters Local 727 represents more than 75 employees at the facility. Union officials told CBS the Worker Adjustment and Retraining Notification Act that requires employers with 75 or more full-time employees to provide 60 days advance notice of pending plant closures or mass layoffs.
Third-party distributor Reyes Coca-Cola Bottling LLC is shuttering a facility and laying off 101 employees in Modesto, California.
The company said it is shifting operations away from Modesto to another location, according to a state filing.
The layoffs include 17 drivers and 15 warehouse workers. The layoffs will be finalized by the end of January.
Reyes Coca-Cola Bottling manufactures and delivers Coca-Cola, Dr Pepper and Monster products to restaurants, sports venues, businesses, health care facilities, schools, convenience stores, supermarkets and more, according to its website.
The company operates 55 facilities in 10 states and employs more than 30,000 employees.
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