North Carolina Layoff Wave Continues: Multiple Industries Affected by Recent Cuts

Photo byTown Talks

Layoffs continue to hit North Carolina hard. Under the Worker Adjustment and Retraining Notification (WARN) Act, companies with more than 100 full-time employees must give 60 days' notice before laying off 50 or more workers at a single site.

On August 28th, Keystone Powdered Metal Company announced it would be laying off 217 employees in Troutman due to a plant closure.

This notice is just the latest in a series of layoffs across North Carolina. In recent weeks, companies like Stewart-Haas Racing, Columbus McKinnon Corporation, Winn Management Group LLC, and UpStream Care Company have all issued WARN notices, impacting hundreds of workers across the state.

Here’s a snapshot of the recent layoffs:

• Stewart-Haas Racing: 323 employees will be permanently laid off by December 31, 2024.
• Columbus McKinnon Corporation: 73 workers will be laid off by September 29, 2024, due to a permanent closure.
• Winn Management Group LLC: 159 employees will be laid off by September 30, 2024.
• UpStream Care Company: 66 employees will be laid off by September 15, 2024.

As these job cuts continue, many are concerned about the broader economic implications. Is the U.S. headed for a recession? What, if anything, Gov. Roy Cooper can be done to stop these layoffs?

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