
Mass Layoff Impacts 113 Workers at Company in Peoria, Illinois
Business is a moving target and shifts in a company's direction can sometimes lead to unfortunate consequences for its workers. That's the story for a company in Illinois that has just revealed a mass layoff that will cost 113 workers their jobs.
According to a notice shared on Illinois Work Net, a company is laying off what is termed a significant amount of their workforce. The listing says Natural Fiber Welding, Inc which is located at 6533 N Galena Rd in Peoria, Illinois is laying off 113 of its people.
Yahoo Finance announced in November that Natural Fiber Welding had switched CEO's and was "furloughing a significant number of employees". They reported that 10% of the workers at the company had been let go the year prior in what was called a reorganization. This new move seems to be much more drastic.
It's unclear when the employees at this Peoria, Illinois company were let go, but the WARN notice on Illinois Work Net was just posted on Friday, December 13, 2024.
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