Pitney Bowes' Former E-Comm Segment Lays Off 1,200 in Liquidation [Yahoo! Finance]
Pitney Bowes Inc. (PBI)
Last pitney bowes inc. earnings: 2/4 07:00 am
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Source: Yahoo! Finance
shuttering six facilities as the segment winds down its business under liquidator Hilco Global The majority of the job cuts will take place in early October, when five of the warehouses will close. The sixth facility, a distribution center in Monroe, N.J., will close Nov. 7, resulting in 413 layoffs. Another 278 job cuts will stem from the closure of a Rockport, Ill. warehouse on Oct. 12. That automated facility only opened in fall 2022 and was designed to sort up to 24,000 parcels per hour for the U.S. Postal Service (USPS). More from Sourcing Journal Four more warehouses are shuttering in October, including those in Bloomington, Calif. (236 layoffs); Canal Winchester, Ohio (165 layoffs); Stockton, Calif (112 layoffs); and Odenton, Md. (50 layoffs). One Worker Adjustment and Retraining Notification (WARN) Act notice for the Ohio facility gave insight into the type of employees that were let go in the facility closures. Fifty-eight of the workers were package handlers, while 1
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News
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- Pitney Bowes Provides Additional Detail on Financial OutlookBusiness Wire
PBI
Earnings
- 11/7/24 - Beat
PBI
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/7/24 - Form 3
- PBI's page on the SEC website