Despite the fact that unemployment in Illinois has dropped over the last 12 months, with job gains seen in many metro areas across the state, both Peoria and Kankakee have lost hundreds of jobs in the same period. In 2018, Peoria unemployment rates were at 4.1 percent with an estimated 7,300 Peoria residents unemployed. The lack of job growth over the last 12 months puts a further financial strain on residents in Peoria and surrounding areas. Some job losses in the area coincided with the … [Read more...]
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Qualifying for Chapter 7 Following a Job Loss
The Toys R Us bankruptcy liquidation sale is nearly over and, unfortunately, that means that roughly 30,000 employees will be out of work by the end of the month. Workers, many of whom have been with the company for years, say that they will not receive severance pay or be compensated for accumulated sick time, leaving many scrambling to find alternate work as quickly as possible. While some will be successful in landing on their feet following a job loss, particularly in the strong job … [Read more...]
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Caterpillar Cuts Jobs As the Holidays Approach
Unfortunately, Caterpillar Inc. has initiated a new round of layoffs as families are preparing for the upcoming holiday. An undisclosed number of employees received notices yesterday as part of cost saving measures on the part of the struggling company. According to a company spokesman, those affected may be placed in other available positions, while others will receive severance packages and outplacement services in order to find work. These days, manufacturing jobs in the U.S. can be … [Read more...]
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Based on 67 reviews
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