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Heritage Home Group cutting more than 700 jobs

September 18th, 2018 | Leave a comment.

LENOIR, N.C. — Hundreds of people in Lenoir are facing layoffs. Heritage Home Group is cutting 700 jobs in Lenoir.  The company is based in High Point. A time frame for the layoffs hasn’t been given.  High Point-based Heritage Home Group is cutting more than 700 jobs at its upholstery facilities in Lenoir. “This is […]

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Discovery Communications To Lay Off More than 200 Employees in October

September 18th, 2018 | Leave a comment.

Some of the remaining Silver Spring staff will relocate to New York City and Tennessee Discovery Communications is planning to lay off 212 employees on Oct. 1 as it prepares to relocate its headquarters in downtown Silver Spring to New York City in 2019, according to the Washington Business Journal. “A big population of employees will […]

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Roche’s Genentech to cut 223 jobs in California

August 27th, 2018 | Leave a comment.

Genentech, a subsidiary of Swiss pharma giant Roche, is slashing 223 jobs from its headquarters in California, according to a recent WARN notice. Source – Beckers Hospital Review U.S. Roche 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 87. For the average 401k participant, […]

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Kodak plans to shed jobs across U.S. and sell its packaging division

August 27th, 2018 | Leave a comment.

Kodak is selling a major packaging division to pay off debt and is shedding 325 jobs across the company. Kodak could not share specific job numbers for the Rochester area, but 25 percent of Kodak’s workforce is based there, so the local impact would likely be proportional (approximately 80 jobs). Source – Democrat & Chronicle […]

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LAYOFFS ANNOUNCED AT PHILLIPS 66

August 24th, 2018 | Leave a comment.

  Bartlesville, Okla. –  Dozens of layoffs are announced for Phillips 66 employees. We’re told the number is less than 100, mostly in Houston and Bartlesville. Source – KRMG News Radio What you need to know! Phillips 66 Savings Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and ESOP component. […]

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