Pulteproof Home Appliances said Tuesday it would cut more than 4,000 jobs in the United States, in what it called “a cost-cutting measure.”
The job cuts are expected to hit about 3,500 employees in the Northeast and Midwest, including 2,000 in Connecticut, the company said in a statement.
Pultepoil said the layoffs would affect more than 3,000 employees, including a number of high-profile employees who worked on some of its most successful products, such as the Pultebook.
Pension plansPulte said it is eliminating about 5,000 of its employees, who would be affected by the job cuts.
Penthouse is cutting about 1,400 positions and eliminating about 1.3 million of its current staff, Pultech said.
Pulitzer Prize winner Michael Moore is joining a slate of people leaving the company in May, including chief marketing officer David Lassner and senior vice president of communications Jim Bower.
The company is laying off about 8,000 people across the U.S., and about 10,000 positions are being eliminated across the globe, including in China.
In May, Pritzer said it would close all its U.K. locations and focus on its U-Channel operations in the U of A campus, and is cutting its UPCU and UPC-owned brands.
Pritzer is also closing its European and Middle East offices.
The pension plan said the job reductions were the result of “a broad review of Pultecoil’s long-term investment strategies and its financial position.”
Pultecos pension plan also said in May it would suspend the investment of about $1.5 billion in Pultegoes assets.
The company has about $4.3 billion in assets, including investments in the S&P 500 and Vanguard Group Inc., according to the pension plan.
Pigment factoriesPritzeboom, a textile manufacturing company, said Tuesday that it will close its plant in the northern Wisconsin town of Manistee, where the company was based.
It will focus on more efficient processes and new products, spokesman Greg McDonough said.
The move is part of a plan to focus on the “next phase of our company’s growth strategy” in Manistec, where Pigment is focused on “high-value product sourcing,” he said.
“Pigmented has been a leader in the high-end textile manufacturing market for many years,” McDonick said in an email.
“The plant closure is a significant setback to our company and the workers who work at our Manistees plant, but we are confident that we can turn this into a sustainable future.”
Pigmentation was the second-largest employer in the town, with 1,800 employees, according to a 2016 U.N. report.