AM I NEXT? NO LOVE AT ROYAL CUSTOM DESIGNS

Chino, California-based Royal Custom Designs, a manufacturer of furniture for the hospitality industry has announced a reduction in force as it faces significant financial headwinds with the eminent possibility of filing for bankruptcy.

The reduction in force will impact 142 employees.

According to President Jeffrey Sladick, "The company will terminate 142 jobs and file for bankruptcy protection as early as this week if the owners can’t convince First Internet Bank of Indiana to approve its sale to an unidentified private equity firm that is consolidating furniture makers in the U.S."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT REX FORGE

Plantsville, Connecticut-based Rex Forge, a contract manufacturer of impression die hot steel forgings, has announced the imminent closure of its facility.

The closure will impact all 103 employees, including the firm's CEO. Layoffs will occur between February 10, 2025, and February 24, 2025.

According to a company statement filed with the State of Connecticut, "On the evening of Wednesday, January 29, and with no advance notice or implication, Rex Forge was notified by Dana Corporation, its sole customer, that it has exercised its right to terminate its contract with Rex Forge to supply forgings to Dana. The termination of the contract was unexpected and unforeseen. Rex Forge had every reason to believe and expect that future business would continue from the daily actions and communications with Dana. It was shocking to receive the notice that Dana no longer wished to do any business with Rex Forge. Without the Dana contract, which represents the sole business for Rex Forge, the company cannot continue on and will be shutting down its operations permanently."

The two companies have a hostile and litigious history with claims and counterclaims of wrongdoing.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT POLY-PAK INDUSTRIES

Melville, New York-based Poly-Pak Industries, a manufacturer of consumer and commercial plastic packaging and municipal signage, has announced a reduction in force.

The reduction will impact 146 employees at its plastic bag manufacturing facility, with separations commencing on May 1, 2025.

The decision was driven by the high cost of doing business on Long Island and the expiration of the company's lease. The location of the new office and manufacturing facility is unknown at this time. It appears that the property will be transformed into a $137.5 million four-story, 299-room, luxury extended-stay hotel.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?