Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy proceedings, it said in mandated state filings. True Value, which has about 4,500 stores, filed for bankruptcy in federal court in Delaware on Oct.
After Filing For Bankruptcy, True Value Says It Could Lay Off Hundreds Of Workers In Illinois
Talia Soglin, Chicago Tribune: Business
Thu, 10/24/2024 - 11:54am
Topics: delaware oct worker adjustment retraining notification act while irma quintana w bryn mawr ave cary illinois true value international brotherhood teamsters local pasquale gianni teamsters joint council gianni palatine the debtors do ceo dan starr chicago true value chapter in illinois do it best harvard teamsters local gianni true value s best the bankruptcy lay workers company court part deal week employees stores state proposed jobs center hardware agreed million filed sale close distribution total retail
BING NEWS:
- After filing for bankruptcy, True Value says it could lay off hundreds of workers in Illinois
In filings required by Illinois under the state’s Worker Adjustment and Retraining Notification Act, which mandates advance notice of certain mass layoffs, True Value said about 870 Illinois workers ...
10/24/2024 - 8:01 am | View Link - True Value files for bankruptcy after 75 years
Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to its home improvement rival Do It Best. True Value, based in Chicago, said in a Monday press ...
10/24/2024 - 1:56 am | View Link - Local True Value Impacted by Bankruptcy
According to a notice filed by the PA Department of Labor and Industry, the True Value in Hanover Township will lay off 269 employees by the end of the year. The report indicates layoffs will begin ...
10/18/2024 - 4:31 am | View Link - True Value files for bankruptcy: Will Oklahoma stores be affected? What to know
Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to its home improvement rival Do It Best.
10/15/2024 - 3:18 am | View Link - True Value files for bankruptcy in order to sell itself to rival
True Value Co. filed for bankruptcy in Delaware on Monday as it seeks to sell its business to rival Do it Best Corp.
10/14/2024 - 4:18 pm | View Link - More
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