Mass Layoffs And Plant Closures 2020, Manufacturing Job Cuts Surge! Texas Instruments, DB Schenker..
Economic collapse news January 26, 2020.
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It seems that the mass layoff notices continue to increase especially for the manufacturing sector. Hayneedle is the outlier on our list as an online retailer I thought it was notable since many time people point to online sales as the reason for the retail apocalypse. They have begun mass layoffs. Next, we look at DB Schenker which is an arm of spirit aerospace systems Both companies have now announced mass layoffs due to the Boeing production halt. Next, we look at Texas instruments which is shutting down 2 manufacturing facilities in the US. Genova Products is a plumbing and pipe manufacturer they announced they will be closing a manufacturing plant. Gerdau also announced more mass layoffs. This is only part one.