Forman Mills faces financial struggles, announces layoffs and potential store closures.
TL;DR Summary
Forman Mills, a retail chain, is cutting 245 jobs in Pennsylvania, including 142 workers across four Philadelphia stores, due to financial struggles. The company's CFO said they are working on selling the company but may not be successful, and if that's the case, they will file for Chapter 11 bankruptcy. The job cuts are effective on August 4.
- Forman Mills to lay off workers in Pennsylvania, including Philadelphia, Delaware County and Montgomery County WPVI-TV
- Forman Mills searches for buyer, warns of potential bankruptcy and store closures The Business Journals
- Forman Mills cutting 245 jobs in Pennsylvania | Video | wfmz.com 69News WFMZ-TV
- Forman Mills cutting 245 jobs in Pennsylvania, including 31 at Whitehall Township location, state says 69News WFMZ-TV
- View Full Coverage on Google News
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