XPost: rec.autos.sport.nascar
from
https://www.wbtv.com/2024/08/20/stewart-haas-racing-permanently-closing-laying-off-hundreds-employees/
Stewart-Haas Racing permanently closing, laying off hundreds of employees
323 employees will be laid off
By Connor Lomis
Published: Aug. 20, 2024 at 3:15 PM PDT|Updated: 5 hours ago
KANNAPOLIS, N.C. (WBTV) - Stewart-Haas Racing, a Kannapolis-based team
owned by Gene Haas and three-time NASCAR Cup Series Champion Tony
Stewart, is permanently closing and dismissing hundreds of employees,
according to a Worker Adjustment and Retraining Notification (WARN)
notice released Monday.
The notice stated the closure would result in 323 layoffs. Affected
workers were reportedly notified as of May 28, and the layoffs are set
to begin on Nov. 11, with the team fully shuttering on Dec. 31.
Haas or Stewart will purchase the partnership interest from the other,
though it’s unclear which of the two will, the notice stated. Once
completed, the lone owner will rename the company and reduce staff to
around 90-100 employees.
The WARN report advised some current staff members may remain with that
newly named company.
WARN’s full letter, with each job title and number of workers that will
be laid off, can be seen below:
(go to the citation to read it all.)
Copyright 2024 WBTV. All rights reserved.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)