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Spirit s, JetBlue Merger Denied, Now Faces Chapter 11 Bankruptcy Concerns Amid Debt Maturities

Spirit s, JetBlue Merger Denied, Now Faces Chapter 11 Bankruptcy Concerns Amid Debt Maturities
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UPS Resorts to Cutting 12,000 Global Workforce as Shipping Volume Drops and Labor Costing Rises

UPS executives also mentioned increased labor costs as a factor, where UPS agreed with the Teamsters last summer on a deal that involved raises of up to 55% over five years for specific workers. Read more.

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Audacy s Chapter 11 Bankruptcy Protection, a Financial Recovery Step Amid Radio-Industry Macroeconomic Challenges

Audacy has been missing loan interest payments to repay an accrued debt during the merger of former Entercom Communications with CBS Radio in 2017. Read more.

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St Louis Nursing Home Shut Down, Displacing Over 170 Residents and Leaving Workers Unpaid

Issues began on Friday when 130 people were uncertain whether they would eventually be compensated. Read more.

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FourKites Leadership Shake-Up: Slashes 15% Workforce Headcount and Parts Ways with Key Executive

The recent reduction in the workforce and changes in leadership are part of FourKites' strategy to address these challenges and set itself up for success. Read more..

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