Latest Story
Corsicana Mattress Co. closing Chesterfield plant in Aug.
54 employees will lose jobs
Chesterfield County’s former Symbol mattress production plant will close in August, laying off 54 employees, owner Corsicana Mattress Co. announced Thursday. Production will be absorbed into the company’s plants in Connecticut and North Carolina. “It appears that this location is a victim of both a competitive realignment and lower product demand,” Garrett Hart, director of
More Stories
McLean-based ID.me lays off 54 workers
WARN notice for tech company listed June 7
Published
McLean-based tech company ID.me Inc. has laid off 54 employees, months after the Internal Revenue Service — among other government agencies — said it would drop its plan to require taxpayers to submit to facial recognition via ID.me’s software. Fifty-four employees lost their jobs, according to the Worker Adjustment and Retraining Notification Act, which is
Va. job openings, number of hires rebound from October 2021
Virginia had largest decrease among states for both measures in October 2021
Published
Virginia had 301,000 job openings in November, a small rebound from October 2021, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Jan. 21. In October 2021, job openings in Virginia declined by about 28,000, which was the largest drop among states. The Virginia job openings rate
Advertisement
Henrico’s Essex Bank to lay off 51 employees in merger
Parent company's merger with United Bank expected to close this year
Published
The Henrico County-based parent company of Essex Bank will lay off 51 employees as a result of its merger with Charleston, West Virginia-based United Bankshares Inc., the parent company of United Bank. The company filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Virginia Employment Commission on Friday, Oct. 29, notifying them
Nine newsroom employees to be laid off at Roanoke Times
Sports, education beats heavily impacted in eliminated positions
Published
Nine newsroom employees at The Roanoke Times were notified of their pending layoffs Monday by parent company Lee Enterprises Inc., according to the newspaper’s local newsroom union and multiple staff writers who spoke with Virginia Business. The layoffs, set to take effect April 23, would cut the editorial staff to 37 positions, a nearly 20%
Newport News Shipbuilding lays off 314 employees
119 managers also demoted in reorganization
Published
Newport News Shipbuilding has laid off 314 salaried employees and demoted 119 managers in its first workforce reduction since the shipyard laid off 1,218 employees in 2015, according to a letter sent to employees by the company’s president, Jennifer Boykin. “Today is a tough day as we say goodbye to 314 fellow shipbuilders as part
Wells Fargo to lay off 320 Henrico County employees
Jobs to move to bank's larger offices
Published
The investment management and financial brokerage business unit of Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, will lay off 320 employees from its Henrico County office. The wealth and investment management jobs are moving to some of the bank’s larger locations, Wells Fargo Advisors spokesperson Shea Leordeanu said in a statement. Wells
Northam orders companies held temporarily harmless for pandemic layoffs
Move protects businesses from paying $200M in payroll taxes to refill VEC trust
Published
Gov. Ralph Northam issued an executive order Tuesday that will hold Virginia businesses harmless for any layoffs made during three months of the pandemic. The end-of-year order protects businesses from having to pay an additional $200 million in payroll taxes to replenish the Virginia Employment Commission’s Unemployment Insurance Trust. Due to the COVID-19 economic fallout,
Richmond Times-Dispatch, Roanoke Times, Daily Progress see newsroom layoffs
Lee Enterprises eliminates newsroom jobs at newspapers, unions say
Published
Updated Sept. 11 At least five newsroom staffers at the Richmond Times-Dispatch were told Friday that they were being laid off by owner Lee Enterprises. Four people laid off were part of the bargaining unit for the Richmond Newspapers Professional Association, the Times-Dispatch’s newsroom union, a representative confirmed. They include a business reporter, a photojournalist,
Lee Enterprises plans newsroom cuts at Virginia publications
Daily Progress copy editors' jobs moving to Midwest hub
Published
The Daily Progress newspaper in Charlottesville will lay off its four-person copy desk in early October, as Iowa-based owner Lee Enterprises eliminates local jobs in favor of a consolidated copy desk in Indiana or Wisconsin, according to a memo sent to affected employees Friday. The cuts at The Daily Progress are possibly just the beginning