Chicago-Area Companies Plan More Layoffs

CHICAGO (CBS) — As the economic recovery continues to sputter, several Chicago-area companies have announced plans for more layoffs, starting next month.

A total of seven Illinois companies have filed reports with the state that it plans to lay off a total of more than 600 workers, starting next month.

Among the Chicago-area companies affected: Morgan Stanley, Jewel-Osco, Bistro 110, Emmis Communications and Ryerson.

Morgan Stanley is closing an office in Vernon Hills and will lay off 223 workers by the end of the year.

Emmis Communications, which sold two Chicago radio stations–WKQX-FM and WLUP-FM, is sending pink slips to 78 workers in August.

Jewel-Osco has announced plans to terminate 114 workers as it shutters a store in Olympia Fields next month.

The downtown Chicago restaurant, Bistro 110, is closing and will lay off 82 people in August.

Ryerson is laying off 67 workers as it closes its plant on Chicago’s West Side.

The Illinois Worker Adjustment and Retraining Notification (WARN) Act requires employers to provide 60 days advance notice of pending plant closures or mass layoffs. The law applies to companies with 75 or more employees

  • Chivi

    The City needs to lay-off some of their lazy employees. Just a few weeks ago, a City truck was cleaning a dumping site. I came across the the Sanitation Workers sitting in his truck watching or waiting or supervising (who knows) to thank him for the clean-up and I told him that I was the one that called them. He told me “be careful there is no sewer cap on that manhole so I went around it. I said good-bye and went on my way. When I returned to work that day I noticed the sewer cap was still missing. It has been more than 3 weeks and the sewer cap is still missing. Come on!!!!!!

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  • duh NOOO!!

    you need to know sewer caps are expensive these days…although they’re not made of gold, they are plated with lead, silver, and copper. These caps are hot commodities for thieves to steal and sell to the metal recyclery faucilities for $100 each!!!

  • Tanya Livingston

    The three companies cited for your story does not portend a poor economy….most of those jobs appear to be non-skilled or just normal atrition and ebb and flow…if one Jewel closes for business reasons, the employees are picked up for busier Jewels. The only jobs of concern are the Ryerson Steel jobs. Loss of manufactuing is significant.

  • Joe Patroni

    It is interesting that the Tea Party branch of the Republicans have shifted the issue away from jobs to “deficits.” They have reframed the issue. The government should be spending more money to prime the pump for jobs. Govt austerity has never created jobs. Look at Hooverism in the 30s. Fire fighters, police, weather bureau scientists, teachers, prosecutors –the people that you rely upon to keep you safe are being let go in the interests of deficits.

    • Grant DeNormandie

      15% of tea party members are Democrats according to Gallup

  • been there TOO MANY TIMES!!!

    “GREAT IDEA!!! And now the remaining workers can do 2,3,10 times the work and we can pay LESS MONEY!!!”
    21st century American Corporate mindset……BOTTOM LINE,BOTTOM LINE,BOTTOM LINE!!!!!
    (you KNOW it’s TRUE so spare me the B.S. retorts!!!

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