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Severance Benefits

Southwest Airlines Laying Off 15% Of Workforce In 'Unprecedented' Corporate Overhaul Southwest Airlines Laying Off 15% Of Workforce In 'Unprecedented' Corporate Overhaul
Southwest Airlines Laying Off 15% Of Workforce In 'Unprecedented' Corporate Overhaul Southwest Airlines is cutting 1,750 jobs as part of a restructuring plan to streamline operations and reduce corporate costs. Southwest announced the layoffs for about 15 percent of the airline's corporate workforce in a news release on Monday, Feb. 17. The job cuts, which will be finalized by mid-2025, primarily affect corporate leadership and support roles. Eleven senior leadership positions, including vice presidents and directors, are also being eliminated. "This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions," said…
Nearly 300 Jobs Lost When South Brunswick Drug Company Closes Nearly 300 Jobs Lost When South Brunswick Drug Company Closes
Nearly 300 Jobs Lost When South Brunswick Drug Company Closes A South Brunswick drug company will close in April after federal inspectors said it manufactured and distributed drugs in unsanitary conditions. The April 20 closure of PharMEDium's facility on Stults Road off Route 130 will result in the loss of 287 jobs, according to a notice by the state Department of Labor and Workforce Development. AmerisourceBergen, PharMEDium's parent company, said in a statement it is closing the facility "in light of the increased regulatory and commercial challenges, coupled with the difficulty of making progress on remediation and continued financial burden." Th…