Republic National Distributing Company Cuts 500 Jobs in Georgia
Republic National Distributing Company filed a WARN notice for more than 500 layoffs in Georgia amid Chapter 11 restructuring.
Republic National Distributing Company notifies Georgia of layoffs
Republic National Distributing Company has notified Georgia state authorities that it will lay off 500 employees as part of a bankruptcy-related restructuring, according to AJC.com. The company — an Atlanta-area alcohol distributor headquartered in Cobb County — filed for Chapter 11 in July and submitted the layoff notice tied to that restructuring, per the report.
The WARN-style filing covers positions at the company's Cobb County headquarters and a facility near Fulton County Executive Airport, the AJC.com report says. The notice did not provide specific dates for when the workforce reductions will take effect.
When it filed for Chapter 11, Republic National Distributing Company reported approximately 1,460 employees; the recent Georgia filing indicates more than 500 state workers will be impacted as the company explores strategic alternatives to secure capital and avoid liquidation of its Georgia operations, according to AJC.com.
In sum, this Consumer Staples sector filing records a single reported workforce reduction: Republic National Distributing Company's notification to Georgia authorities covering 500 jobs tied to its Chapter 11 restructuring, per AJC.com.