Tag:

Job Loss

CT Company To Close, 71 Employees To Lose Jobs CT Company To Close, 71 Employees To Lose Jobs
CT Company To Close, 71 Employees To Lose Jobs A company is closing its Fairfield County plant causing 71 employees to lose their jobs. Cascades Containerboard Packaging in Newtown said in a letter to the First Selectman Jeffery Capeci, its intent to permanently close its manufacturing facility located at 1 Edmond Road, between April 12 and April 26. "We have advised the employees that the layoff will be progressive between the above two dates," the company said. "We have also advised that this action is expected to be permanent." The company said employees will not be offered positions in other plants as the m…
Regal Cinemas Temporarily Closing 500 Theaters - 14 in MA and CT Regal Cinemas Temporarily Closing 500 Theaters - 14 in MA and CT
Regal Cinemas Temporarily Closing 500 Theaters - 14 in MA and CT With not enough blockbuster movies to screen, on Thursday, Oct. 8 Regal Cinemas is temporarily closing more than 500 theaters in the U.S. and Canada. This includes 10 theaters in Massachusetts and four in Connecticut. In all 536 theaters will close and impact 40,000 employees across the U.S. Massachusetts movie theaters began reopening in August after they were shuttered by the COVID-19 pandemic in March. But moviemakers have been experimenting with airing new releases in people’s homes, major markets like New York City are yet to reopen, and customers are still cautious about going to the…
CT Sitting Pretty While MA Deals With High COVID-19-Related Unemployment CT Sitting Pretty While MA Deals With High COVID-19-Related Unemployment
CT Sitting Pretty While MA Deals With High Covid-19-Related Unemployment Several Massachusetts cities are on a nationwide list of community economies that were hardest hit by COVID-19. 24/7 Wall Street has compiled a ranking of the 35 metro areas and cities that have suffered the most job losses due to the pandemic. Worcester, Boston, Springfield, and Pittsfield all made the list. Our neighboring states fared better. There are no communities from Connecticut, Vermont, or New Hampshire on the list. New York and Pennsylvania are, however, well represented. There are currently about 13.6 million Americans out of work now. The unemployment rate stood at 10.2 perc…