AM I NEXT? NO LOVE AT ARCOSA MARINE

Dallas, Texas-based Arcosa Marine, operator of shipbuilding and repair facilities specializing in vessels for inland and coastal waterways, has announced the closure of its St. Tammany shipyard located in Madisonville, Louisiana.

The closure will impact its remaining 100 workers in stages from May 2021 through September 2021. These layoffs are a second round following 66 layoffs several months ago.

According to a company spokesperson, "Liquid barge demand remains depressed by reduced demand for refined products and petrochemicals, which began declining during the COVID pandemic and has not recovered to pre-pandemic levels. We are optimistic about a recovery, but that is unlikely to occur in time for 2021 production. We are committed to identifying business opportunities for the facility and exploring all feasible options for retaining employees."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT MASSPORT

Boston, Massachusetts-based Massachusetts Port Authority, the port authority owner-operator of various public infrastructure including airports—Logan International Airport, Hanscom Field, Worcester Regional Airport, and public terminals in the Port of Boston, has announced the layoff off 200 employees

The decision was driven to reduce headcount to compensate for historically lower passenger activity at Logan International.

According to a spokesperson, "Approximately a third of the targeted cuts have come through a voluntary buyout program. that offered a $20,000 one-time lump sum payment to eligible union employees if they retired by January 1, 2021 and a similar offer of $20,000 payment to administrative employees who chose to leave by early January, 2021. The remainder 200 people would be involuntarily laid off.These cuts are impacting all departments and are painful decisions. We are thankful for the work of our dedicated staff.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT EVO TRANSPORTATION & ENERGY SERVICES

Phoenix, Arizona-based EVO Transportation and Energy Services, a transportation operator providing cargo and fuel carriers nationwide, has announced that it will be permanently closing its Austin, Texas facility and laying off 104 employees commencing January 9, 2021.

According to a company statement, the facility closing was "due to unfortunate and unforeseen circumstances caused by a large client unexpectedly notifying EVO that it had chosen a new contractor."

According to various filings, the company is under financial stress and "EVO’s stock is highly illiquid and rarely trades, EVO does not have access to capital markets (it sought unsuccessfully in March to raise equity from third parties in a private placement) and presently nearly all of EVO’s investors are unable to sell shares. EVO’s small market float is measured in thousands of dollars, not hundreds of millions of dollars."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?