400 Walgreens jobs cut as company plans to close distribution center in Edwardsville, IL

Canada News News

400 Walgreens jobs cut as company plans to close distribution center in Edwardsville, IL
Canada Latest News,Canada Headlines
  • 📰 ABC7Chicago
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

The drugstore giant's announcement comes six weeks after it rolled out plans to cut 504 corporate jobs in Chicago and Deerfield, or about 10% of its corporate workforce.

CEO Rosalind Brewer previously said the company is dealing with a "challenging operating environment" involving a "more cautious and value-driven consumer."

But the company's results also have been hit by legal settlements from opioid-related litigation. In the first nine months of its fiscal year ending May 31, Walgreens reported a net loss of $2.9 billion driven mostly by a $5.5 billion charge for opioid cases. The loss compared with a profit of $4.8 billion for the same nine-month period a year ago.

Walgreens spokesman Marty Maloney said the Edwardsville site will close later this summer. He said drugstores will assume its work of fulfilling customer orders. "We are grateful for the many contributions our team members at this facility have made and we are committed to supporting them during this transition," Maloney said.He said Walgreens will continue to have 16 distribution centers.

A company filing with the state said 393 workers will be affected and that all will receive 60-day notices by mid-July. The filing said the layoffs should be complete on or about Aug. 28.Walgreens said last week it will close 150 stores in the United States, where it has about 8,900 retail outlets and clinics. It also is closing 300 locations in the United Kingdom, home to about 2,600 sites.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC7Chicago /  🏆 284. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walgreens cuts 400 jobs, closes Illinois distribution centerWalgreens cuts 400 jobs, closes Illinois distribution centerThe drugstore giant’s announcement comes six weeks after it rolled out plans to cut 504 corporate jobs in Chicago and Deerfield, or about 10% of its corporate workforce.
Read more »

Chicago weather: Severe storms threaten Chicago with damaging winds, localized flooding; Cooler temps aheadChicago weather: Severe storms threaten Chicago with damaging winds, localized flooding; Cooler temps aheadGood evening, Chicago! Here's your weather report for the upcoming days:
Read more »

Deerfield 5-bedroom home with patio and built-in fire pit: $1.5MDeerfield 5-bedroom home with patio and built-in fire pit: $1.5M495 Standish Drive, Deerfield: $1,495,000 | Listed: May 23, 2023 This five-bedroom home has five full bathrooms, one half bath, shiplap walls and wood plank floors. The great room has a wall of windows, lofted ceilings and built-in speakers. The kitchen offers custom cabinetry, a quartz waterfall countertop island and an adjacent breakfast space. The primary suite, located on the main floor, has a bathroom with a double vanity, a soaking tub, an oversized shower and a separate water closet. The basement features a recreational room and an exercise room. A heated garage, a backup generator, a fully fenced backyard and a patio with a built-in fire pit complete this home. Agent: Laurie Field, Engel & Volkers, 312-504-7010 *Some listing photos are “virtually staged,” meaning they have been digitally altered to represent different furnishing or decorating options. To feature your luxury listing of $1,000,000 or more in Chicago Tribune’s Dream Homes, send listing information and high-res photos to ctc-realestatechicagotribune.com. Join our Chicago Dream Homes Facebook group for more luxury listings and real estate news.
Read more »

Chicago White Sox call up Oscar Colás from Triple-A Charlotte,Chicago White Sox call up Oscar Colás from Triple-A Charlotte,The Chicago White Sox recalled outfielder Oscar Colás from Triple-A Charlotte and optioned outfielder Clint Frazier to Charlotte on Tuesday.
Read more »

Chicago flooding is reminder of vulnerability to extreme weatherChicago flooding is reminder of vulnerability to extreme weatherHeavy rains that flooded Chicago neighborhoods, rendered freeways impassable and wreaked havoc on the NASCAR street race downtown on Sunday are serving as stark reminders of urban centers’ vulnerability during extreme weather events.
Read more »

Actor Gary Sinise surprises veterans at Chicago area VA hospital with Fourth of July feastActor Gary Sinise surprises veterans at Chicago area VA hospital with Fourth of July feastSome Chicago area veterans got a big surprise this Fourth of July. Actor Gary Sinise stopped by Edward Hines, Jr. VA Hospital to show some gratitude for their service.
Read more »



Render Time: 2025-02-27 09:45:38