After only a few months in business, Canadian-American Structured Solutions (CASS) has laid off half of its employees at its Montana modular homes operation. Good news, they say it’s temporary: “This is a temporary situation as we wait for materials to arrive for our next projects. And this is a very common practice within the industry.”-Lorne Wallace, CEO
In Arkansas, Nestle laying off 70 people, and cutting production days from six days per week down to just four! The prepared foods maker blames it on increased costs of food products (inflation).
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- In Pocatello, Idaho, a former bar/restaurant/laundromat is now a church.
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- Pocatello’s old Lions Moving(?) company building still up for sale.
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- Pocatello’s Garrett truck terminal for lease. Estes Express has been using it, no info on what’s up with Estes. According to the website on the sign, almost all the buildings in the Garrett Business Park are up for lease or sale!
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- The Place wedding event center now vacated and up for sale in Pocatello.
Kansas based electrical equipment rebuilder, Solomon, let go another 33 employees. Company officials blame the bad economy.
Wireless equipment maker, PowerWave, goes bankrupt with hundreds of millions in debt.
Wisconsin based School Specialty goes bankrupt. The school supply company is selling off assets.
After 28 years in business, Florida’s Kitchenique Cooking School shutting down. The owner blames the bad economy and a bad location for a steady drop in business: “This is hard; very emotional. Writing the closing announcement was almost like writing my obituary.”-Vicki McCain