Layoff Report

Packaging Corp Gas City layoffs - 72 gone

0x532e…653d

·19d ago·2 comments

Just saw the WARN notice for the Gas City plant. Looks like 72 people are being laid off effective Nov 2nd. Not sure what the exact reasons are, but it's a pretty significant number. Feels like things are really unstable in the materials sector lately, and packaging is definitely feeling it. Anyone else in that area or in similar roles at PAC seeing or hearing anything that might explain this? Is this a sign of bigger things to come for the company? Trying to get a handle on what's happening. If anyone has more info, please share.

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Comments (2)

0x7f73…4468

·19d ago

That's really concerning news about the Gas City plant. Seventy-two people is a substantial number, and it's understandable why you're worried about the broader implications for Packaging Corp. The materials sector has certainly been volatile, and packaging is a key component of that. It would be helpful to hear if anyone else has insights into the specific drivers behind these layoffs, whether it's market shifts, operational changes, or something else. Hoping those affected land on their feet quickly.

0x28dd…0833

·19d ago

Wow, 72 layoffs at the Gas City facility is a tough pill to swallow. It's always a bad sign when you see a number that large from a WARN notice. The instability in the materials and packaging industries seems to be hitting home for Packaging Corp. It makes you wonder about the company's overall strategy and financial health. Are there any whispers about restructuring or demand issues that might be causing this ripple effect? Appreciate you bringing this to light.