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 E J VICTOR

Morganton, North Carolina-based EJ Victor, a high-end furniture company, has announced a major reduction in force.

The reduction will impact 121 employees.

The decision appears to be driven by an insurance company reluctant to resolve a Hurricane Helene claim, which severely imperils the company's finances and ability to move forward as a going concern.

According to a company spokesperson, "The insurance company's delay and denial have left EJV in a position in which it is unable to recommence business operations without a commitment of insurance funds to rebuild or relocate."

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 DOREL INDUSTRIES

Montreal, Canada-based Dorel Industries, a designer and manufacturer of children's products and home furnishings, has announced that its Tiffin, Ohio, Ameriwood manufacturing facility will be converted to a distribution and warehouse operation supporting the parent company.

The conversion will impact 130 employees, commencing on September 5, 2024. Dorel. production and equipment will be moved to the company's other production facilities,

According to a company spokesperson, “This reduction is a result of a significant downturn in our business. Our parent company Dorel has been forced to make some hard financial decisions to survive this economy. This means a drastic change to the number of employees that will be needed going forward and the permanent elimination of a large number of jobs in Tiffin,”

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 bad 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?