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Corporate restructuring

Business
Yankee Candle To Close South Deerfield Plant, Scatter Remaining Workforce: CEO Yankee Candle To Close South Deerfield Plant, Scatter Remaining Workforce: CEO
Yankee Candle To Close South Deerfield Plant, Scatter Remaining Workforce: CEO The CEO of Yankee Candle's parent company announced on Tuesday, Jan. 24, that the company would close its corporate office in South Deerfield as part of a corporate restructuring that would see 13 percent of Newell's workers on the unemployment line.  Newell Brands CEO Ravi Saligram announced several moves and shake-ups at the massive company going forward in a statement on its website. The company said it would also close its Boca Raton offices as well.  Employees at the South Deerfield facility who will stay with Yankee Candle will be moved to existing spaces locally, Salig…

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by Josh Lanier
Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi