When Momence Packing, in Illinois, suddenly closed its doors on June 2, 274 people I found themselves unemployed.
It was a intestinal punch for a coherent community that worked in the facility-a pillar of local workers for more than six decades, was originally built in 1962 and managed by Junsonville Foods as a sausage manufacturer since 1995.
Do not miss
What is wrong?
The employees were called to attend a meeting in the nearby Kankakee, where the CEO of Johnsonville delivered the horrific news: The Moming facility was closed immediately.
Among the affected people was Lobby Hernandez, an old warrior of 25 years old, who told ABC7 News, “It seems as if they didn’t care about us, did you know? [The] The same day? “
The mayor of Amis Charles Steel said he only received 15 minutes from the company. The other local leaders were also distinguished.
“It is very destructive. Extreme sadness … What can we do?” Hernandez’s request.
“When I was there two weeks ago, the factory manager talked about more than a million dollars of the recently installed equipment,” that Tim Nogint, President and CEO of the Kanakaki County Economic Alliance.
“If they invest in infrastructure, this means that they have made plans to stay for a while,” which made the closure feel surprised and contradictory.
“We made the difficult decision after evaluating the best way to improve our operating network to address the current and future growth. This decision depended on improving our operations through our other latest facilities,” Junsonville said.
The company has also pledged to continue providing wages and benefits for affected workers for a period of 60 days. This is some help, but Hernandez planned to work for another three years to pay her home.
The latest facilities include two in Wisconsin and one in Kansas. Johnsonville expects to create about 100 new jobs by the end of the third quarter between two sites. It plans to destroy my mother’s facility by the end of the year and transfer its origins to other facilities.
Read more: Do you want an additional amount of $ 1,300,000 upon retirement? Dave Ramsey says This 7 -step plan “works every time” to kill debts, rich in America – This “anyone” can do so
Unemployment in America – and overcomes difficult times
As of May, the unemployment rate in the United States is stopped at 4.2 %Like what the country saw over the past year.
While the jobs are still added – 139,000 jobs in May and 177,000 in April – weekly Unemployment Benefits of claims beats. In the week ending May 31, 247,000 initial requests were submitted. This is it Top since October.
Unemployment Or low income increases significantly from the risk of consumer debt traps. Without a fixed salary, people often depend on Credit cards or Loans To meet the basic expenses. we Credit card debts Rise 1.18 trillion dollars In Q1 2025.
And for those who approach RetirementLosing a long -term job can provoke financial crises Real estate loan Payments, decreasing Savings And health care expenses. Hernandez is an example of a Junsonville employee, as she planned to work for another three years to pay her home.
What the affected workers can do
File for unemployment advantages With 60 days of paid advantages, these workers must immediately make claims to reduce income gaps.
Click on local resources The career centers sponsored by the state and community colleges provide biography, certificates and registration in the separation at a small or non -existing cost.
The axis quickly to work part -time or disturb Delivery leadership, warehouse roles, administrative jobs, or deals may be temporary sources of income. Many workers can also occupy seasonal jobs while searching for a long -term alternative role.
Re -evaluation of the retirement strategy and debt strategy For those close to retirement, retirement budget delay and tightening may be necessary until the new employment or the gap is clearly clear.
Rebuilding financial flexibility Workers can use the crisis to start a file Emergency Fund A small amount, such as $ 25 a week, can eventually build a temporary store.
Reinforcement Exploration of work or vocational training that is in line with local demand, such as health care or logistics, can provide a new start.
What do you read after that?
Like what you have read? Join more than 200,000 readers and get the best in MoneyWise directly to your inbox every week. Subscribe for free.
This article only provides information and should not be explained as advice. It is provided without guarantee of any kind.
