AM I NEXT? NO LOVE AT TRANSOCEAN

Am I Next? deepwater rig contract loss means layoffs.

Vernier, Switzerland-based Transocean, the world's largest offshore oil and gas drilling contractor, has announced plans to layoff up to 110 employees based in the company's Houston, Texas office.

The employees are associated with the management of the Deepwater Asgard , a drilling rig located in the Gulf of Mexico. The rig is nearing the end of its contractual obligation and due to the global downturn in the oil and gas industry is not likely to find a contract for additional work.

The layoffs will commence in mid-December, 2020. The company also laid off approximately 110 employees from the management of the Discoverer Inspiration rig in September, 2020.

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. 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. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT MONARCH BEVERAGE

Am I Next? Monarch Beverage acquisition and layoffs.


Indianapolis, Indiana-based Monarch Beverage,Indiana's largest distributor of beer and wine, has announced that the company will be laying off 633 employees commencing in December, 2020. The decision was driven by the company's acquisition by Rosemont, Illinois-based Reyes Beer Division. the largest beer distributor in the United States.

“Monarch Beverage Company has been family-owned and locally operated since 1947, and the team has serviced our customers and communities with pride over the past 73 years,” said Monarch’s Chief Executive Officer Phil Terry. “This acquisition represents the coming together of two great long-standing family-owned businesses. Reyes Beer Division is a proven industry leader, and we are confident that they will be a great distributor for the state of Indiana and lead the business to further success.”

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. 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. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT TENNECO (01/06/25)

Am I Next? Downsizing at Tenneco.

JANUARY 6, 2025 — EL PASO, TEXAS

As part of its ongoing restructuring and cost containment efforts, the company has announced the downsizing of its El Paso, Texas facility and the layoff of 140 employees in five phases commencing on February 15, 2025.

NOVEMBER 20, 2022— PLANY CLOSURE IN JEFFERSONVILLE, INDIANA

The company has announced the closure of its ride control and emissions products plant n Jeffersonville, Indiana impacting 123 employees in stages until the plant closes in February 2023.

According to the company, the closure is due to the loss of business that generates approximately 22% of the revenue at the Jeffersonville location.

JULY 3, 2022 — IT BEGINS

Layoffs at the Tenneco plant in Kettering have begun as the facility moves toward fully and permanently closing in November 2021.

According to a company spokesperson, “As part of our previously announced plan to close the Kettering facility by the end of 2023, we are eliminating some positions this week, affecting 54 team members.”

NOVEMBER 11, 2021 — PLANT CLOSURE IN KETTERING, OHIO PLANNED.

The company has announced its intention to close its Kettering, Ohio shock absorber manufacturing facility before the end of 2023. The closure will impact approximately 648 employees.

According to a company spokesperson, “This difficult decision is part of the company’s need to realign its manufacturing footprint to respond to changing market conditions and capacity requirements. This is a great team in Kettering and we recognize the impact this action will have on our team members. We will work to provide transition assistance for all affected team members, including some opportunities to transfer to other Tenneco locations.

OCTOBER 28, 2020 — Original post…

Lake Forest, Illinois-based Tenneco, a manufacturer of automotive components including original and aftermarket equipment, has announced the layoff of 350 employees located at the company's piston manufacturing facility in South Bend, Indiana. The work will be distributed to other Tenneco facilities.

The 260,000 square-foot facility was acquired from federal Mogul two years ago and now represents excess space that may be available for lease or sales.

According to a company spokesperson, the decision was “difficult, but necessary” occasioned by the status of the market for the company's piston products. “This particular action isn’t related to current market conditions. We have a systemic profitability challenge we have to correct.”

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. 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. Are you now wondering, Am I Next?