Ten Illinois employers make big job cuts

Posted April 7, 2010 at 10:26 a.m.

By Becky Yerak | Ten Illinois employers — from a mortgage provider to retailers to a greeting card maker — initiated nearly 1,300 job cuts in March, according to newly filed records at the Illinois Department of Commerce and Economic Opportunity.

The companies include Pan American Mortgage LLC in Chicago, which cut 443 workers; Redbox Automated Retail LLC, Downers Grove, which cut 187, and Durham School Services, a bus service provider in Belvidere. Durham said it’s cutting 153 workers because it lost a contract.


Other names on the list include Recycled Paper Greetings in Chicago, 62
jobs. Redbox’s cuts have been previously reported.

Illinois law requires employers to provide 60 days advance notice of
pending plant closures or mass layoffs. The law applies to businesses
with 75 or more workers, excluding part-timers. A covered “mass layoff”
under Illinois law is a reduction of staff at a single site of
employment that is not the result of a plant closing and results in
employment losses during any 30-day period. In some cases, it is during
any 90-day period, for at least 33 percent of the employees and at least
25 employees, or at least 250 employees regardless of the percentage.

To read the entire report, click here.

 

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