Illinois Employers Plan To Lay Off 1,100 Workers
From the Chicago Tribune
Illinois employers warned in April that they would lay off more than 1,100 people starting at the end of May, according to the Department of Commerce and Economic Opportunity.
Sunstar Americas, a maker of oral care products that is set to move its North American headquarters and manufacturing facility from Chicago to Schaumburg, reported to the state that it would lay off 329 people beginning in June in Chicago.
Mary Ann Hauert, a company spokeswoman, said in an email Sunstar offered Chicago employees transfers to its new Schaumburg facility. If an employee does not accept a transfer, that person will be laid off, she said.
Schaumburg pledged $3.3 million in tax increment financing funds to Sunstar in exchange for moving 300 jobs from Chicago and creating 25 additional jobs in Schaumburg. The state pledged tax credits to retain 335 people and create 25 jobs in the state. The value of the state incentive was estimated at nearly $4.3 million over 10 years, said Lyndsey Walters, a spokeswoman with the Department of Commerce and Economic Opportunity, which administers the tax credit program. However, Walters said the company has not yet received any tax credits.
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From the Chicago Tribune
Illinois employers warned in April that they would lay off more than 1,100 people starting at the end of May, according to the Department of Commerce and Economic Opportunity.
Sunstar Americas, a maker of oral care products that is set to move its North American headquarters and manufacturing facility from Chicago to Schaumburg, reported to the state that it would lay off 329 people beginning in June in Chicago.
Mary Ann Hauert, a company spokeswoman, said in an email Sunstar offered Chicago employees transfers to its new Schaumburg facility. If an employee does not accept a transfer, that person will be laid off, she said.
Schaumburg pledged $3.3 million in tax increment financing funds to Sunstar in exchange for moving 300 jobs from Chicago and creating 25 additional jobs in Schaumburg. The state pledged tax credits to retain 335 people and create 25 jobs in the state. The value of the state incentive was estimated at nearly $4.3 million over 10 years, said Lyndsey Walters, a spokeswoman with the Department of Commerce and Economic Opportunity, which administers the tax credit program. However, Walters said the company has not yet received any tax credits.
Read more in our daily News Update...