The treasury yields are up.
The stock market is down. The dollar is down. The GOP is tanking our country. |
Maryland WARN list— most recent large scale closure:
Rite Aid distribution center in Susquehanna laying off 363 employees— permanent plant closure. Frito Lat plant closure in Susquehanna— laying off 56 workers Etc, etc https://labor.maryland.gov/employment/warn.shtml |
Maryland is on the warn list, as posted, because of concerns around FEDERAL activity. And that Federal activity not only impacts federal workers who live in Maryland, but also things like the Frito-Lay and Rite Aid layoffs. It is all related. |
Thank you and I agree, it’s all interrelated. There is a WARN list for VA also. I was shocked to read that Mitre of McLean is laying off over 400 people. https://www.virginiaworks.gov/warn-notices/ |
Multiple companies with layoffs. Goodyear in Danville VA is laying off > 800. |
i'm new to this thread. is WARN a notice a company must issue when laying off X employees? |
There were a couple of facilities shutting down in that region. Those small towns depend on those jobs so it is going to be rough down there. |
Yes. The Worker Adjustment and Retraining Notification (WARN) Act helps ensure advance notice in cases of qualified plant closings and mass layoffs. |
And MITRE told employees this week that more layoffs are coming in the summer. It sucks. |
The markets understand how bad this budget bill is for the US economy. that is why this is happening now. |