AM I NEXT? NO LOVE AT CENTRIC PARTS (03/30/22)

MARCH 30, 2022 — 252 LAYOFFS IN CITY OF INDUSTRY, CALIFORNIA

The company has announced plans to lay off 252 employees, including 180 shipping and receiving material handlers, 15 forklift operators, and 7 inventory clerks. working at its 200,000-square-foot warehouse in the City of Industry on May 15, 2022.

It appears that the company will be consolidating and transferring some operations to a facility in Patterson, California that is owned by its sister company, Illinois-based Brake Parts Inc.

AUGUST 27, 2019 — Original post…

City of Industry, California-based Centric Parts, a division of Littleton, Colorado-based APC Automotive Technologies, and a designer, manufacturer, and distributor of aftermarket auto parts has announced that it will be laying off 286 workers at its brake caliper manufacturing facility in Carson, California. The layoffs are scheduled to commence on September 30, 2019, through October 18, 2019. Approximately 100 employees, mostly in research and development, engineering, IT, and marketing will remain at a consolidated Carson plant while some of the company’s caliper manufacturing operations will be transferred to El Paso, Texas.

The decision to transfer operations to Texas appears to be an economic one, with a company spokesperson noting, “Many of our customers are on the East Coast, so this will provide a more central and desirable location. We’re also moving because business costs are very high in California … we’re not unique in that.”

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 AVENUE STORES

Rochelle Park, New Jersey-based Avenue Stores, a women's clothing retailer that specialized in fashion for plus-sizes was unable to attract additional financing and has decided to shutter all of their 260 retail stores in 33 states, leaving hundreds of employees without jobs. In a filing with the State of New Jersey, the company indicated it will be laying off 152 employees at its Rochelle Park location effective September 30, 2019.

All of the store’s merchandise, including store fixtures, will be sold by liquidation specialists.

Avenue is owned by a private equity firm, Philadelphia, Pennsylvania-based Versa Capital Management who acquired the company in a 2002 bankruptcy sale. Versa attempted a financial restructuring in April, 2019 which included a capital infusion from Versa and a revolving line of credit from PNC Bank. At that time, a press release touted, “By increasing overall liquidity, reducing interest rates, and removing all debt amortization payments, AVENUE’s new capital structure is much more stable, flexible and better aligned with the strategic needs of the business. In addition, its new capital structure will further strengthen the Company’s ability to continue investing and providing customers with the fashion and service they deserve.”

On August 1, 2019, an article in the New York Post claimed that “Plus size retailer Avenue has 60 days to find a buyer — or it will shutter all of its 260 stores across the country.”

Avenue is not the only plus-size retailer to encounter problems in a difficult market, made more difficult by online retailers and self-cannibalization. Dressbarn’s May, 2019 announcement indicated that it would be closing their entire plus-size 650-store chain by the end of 2019 and laying a thousand-plus of employees due to declining sales.

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 HONEYWELL AEROSPACE (01/03/20)

JANUARY 3, 2020 — 90 EMPLOYEES TO BE LAID OFF IN GOLDEN VALLEY, MINNESOTA

Charlotte, North Carolina-based Honeywell International, a multi-national producer of commercial and consumer products, engineering services and aerospace systems, has announced that the company is laying off 90 aerospace fabrication workers in Golden Valley, Minnesota between February 24, 2020 and March 9, 2020.

The decision is driven by the closure of the aerospace division office because of a lease expiration. The division is transferring the work to a company location in Urbana, Ohio.

Originally the plan was to layoff 120 employees, but 30 employees have already left the company. According to a company spokesperson, “We realize this change, unfortunately, affects valued employees. We’ve provided employees with extensive notice as this transition will take approximately one year to complete.

Original Post…

Phoenix, Arizona-based Honeywell Aerospace, an aircraft products manufacturer, has announced that the company is moving its engineering and manufacturing operations out of Albuquerque, New Mexico and transferring operations to other Honeywell facilities located in in Phoenix, Arizona, Clearwater, Florida, and Aguadilla, Puerto Rico. The move will be initiated on September 30, 2019 and be completed by the end of 2019. Approximately 170 employees are scheduled to be laid off.

The transition was widely publicized in November, 2018 with a company spokesperson noting, “Honeywell has decided to move manufacturing and engineering operations from Albuquerque to other U.S. facilities by the end of next year. This is not a decision we made lightly as we realize this, unfortunately, affects valued employees.”

“The Albuquerque operation is focused primarily on military and government contracts, which the company believes can be managed more efficiently by integrating those activities into plants in other states. That includes moving much of the division’s equipment in Albuquerque to Honeywell facilities in Arizona.”

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?