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Essendant Warns of Possible Shutdown, to Lay Off at Least 1,100
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Essendant Warns of Possible Shutdown, to Lay Off at Least 1,100
Essendant’s sweeping strategic reset has taken a more serious turn, with the distributor warning that it could cease operations as layoff notices surface across its distribution network and corporate headquarters that will impact at least 1,100 employees. The Staples subsidiary said it has been “exploring various strategic alternatives,” including potential transactions involving certain assets and operations, while also seeking additional capit…
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