North Carolina Job Market Surge Significant Job Cuts as Business Announce Layoffs

Less than three years after moving in, a Dane County packaging company is shuttering its eastern North Carolina manufacturing plant.Photo byTown Talks

Less than three years after its opening, Placon Corp., a packaging company based in Fitchburg, Wisconsin, is permanently closing its manufacturing plant in Wilson, North Carolina. The closure will affect 70 employees.

Key Details:

• Location: 2540 Wilco Blvd., Wilson, North Carolina
• Closure Date: Effective August 2
• Reason for Closure: Significant drop in sales and revenue, particularly for the lines of business at the Wilson location
• Employee Notification: All affected employees have been notified

Employee Support:

• Retention Bonus: Employees who remain through the entire 60-day notice period, until September 22, will receive a retention bonus on their final paycheck.
• Transition Support: A select group of employees will stay until November 22, 2024, to oversee the closure and ensure a smooth transition.

Implications: The closure of the Wilson facility marks a significant impact on the local workforce, with 70 employees losing their jobs. The company’s efforts to provide retention bonuses and maintain a small team for the transition period reflect attempts to mitigate the impact on its workforce.

Your thoughts

Are you concerned by the number of job losses in North Carolina? Is there anything Gov Roy Cooper can do to address this? Who is to blame for all these lost jobs?

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