employees
NOW Health Group Announces New Employee Stock Ownership Plan
On Jan. 7, NOW Health Group (Bloomingdale, IL) announced its plan to preserve local ownership and further strengthen the company’s prospects by selling a portion of its stock to employees through a new Employee Stock Ownership Plan (ESOP). An ESOP is a form of federally regulated retirement plan that is designed to invest primarily in ...
UNFI Lays Off Employees in Rhode Island and Indiana
Rhode Island-based United Natural Foods Inc. (UNFI) announced it will lay off 121 people from its Lincoln, RI office. The company also said it will close both the Lincoln office and an additional office in Providence, RI. UNFI plans to consolidate both offices into a new headquarters in Providence. As reported by The Providence Journal, ...
UNFI Lays Off More Than 200 Employees
United Natural Foods Inc. (UNFI, Providence, RI) laid off 277 workers from its billing, invoice and payroll department at its office in Phoenix, AZ. UNFI developed a three-year plan that aims to “increase customer and supplier value, expand margins, generate free cash flow and reduce leverage,” the company said. In its fourth quarter earnings report ...
Retailers and Manufacturers Reflect on Aftermath of Hurricane Helene
When Hurricane Helene made landfall last month, it caused immense destruction to the Southeastern United States, particularly North Carolina, Georgia and Florida. At the time of publication, there are at least 227 deaths and hundreds unaccounted for. AccuWeather estimated the total damage could reach $250 billion. North Carolina-based herbal supplement manufacturer Gaia Herbs’ farm in ...
5 Ways to Reward Your Best Team
The most valuable aspect of your business is your team of employees. But, wisely assembling that team, training them, and encouraging them can all too often get lost in the shuffle. You need to ask yourself how, and how often, you show appreciation for your staff. The bottom line is literally that acknowledging the expertise ...
Bigelow Tea Becomes a Benefit Corporation
Connecticut-based Bigelow Tea announced the recently attained distinction of becoming a Benefit Corporation. The specialty tea company manufactures “Constant Comment” and more than 150 tea varieties sold nationwide. Now officially registered as a Benefit Corporation, it is one of a select group of companies that has designated corporate social responsibility as a core business goal ...
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