All articles tagged with #forman mills
Shoppers World has acquired Forman Mills, saving all jobs and reopening a location in Philadelphia. The retail chain had already laid off 119 corporate employees at its headquarters in Pennsauken, New Jersey, who filed a class action lawsuit last week for unpaid wages and more. The news of the acquisition does not change the status of the lawsuit, but all employees who were laid off are back on the job and getting paid.
Discount retailer Forman Mills has informed the Pennsylvania Department of Labor & Industry that it may file for Chapter 11 bankruptcy and close stores if it fails to find a buyer. The company has submitted a WARN notice to the state, stating that it may lay off 245 people in Pennsylvania. The stores in Pennsylvania include seven locations, and the company plans to close them by August 5 if it cannot find a buyer.
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.