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Stock impact report

Universal Logistics eliminating a shift in Detroit, laying off 92 workers [Yahoo! Finance]

Universal Logistics Holdings, Inc. (ULH) 
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.universallogistics.com
Company Research Source: Yahoo! Finance
In WARN notices filed last week with the Michigan Department of Labor and Economic Opportunity, the company said it was laying off 62 people from Universal Logistics Insights and 30 from Universal Dedicated of Detroit. The layoffs are effective Oct. 22. Both divisions operate at 6500 Huber St. in Detroit. At Universal Logistics Insight, the layoffs are being spurred by the cancellation of the “entirety” of the company's second shift operations at Huber Street, according to the Worker Adjustment and Retraining Notification advisory sent to the state. The ending of the shift “is expected to be permanent,” according to the letter. The workers are represented by Local 299 of the Teamsters. “Bumping rights exist at this facility governed by the collective bargaining agreement between the company and the Teamsters,” the letter, signed by Dennis Glackin, vice president of labor relations, states. “Employees with enough seniority to hold and/or bump into first shift will be allowed t Show less Read more
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