Article Abstract:
Pincus Bros. Inc., the last major men's clothing maker in Philadelphia, is being forced to close its factory at Fifth and Race Streets. The company is laying off 367 employees. The decision to close the factory and lay off employees is due to the trend of fewer and fewer businessmen wearing suits to work.
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Article Abstract:
Philadelphia-based Pep Boys - Manny, Moe and Jack has announced that it will shut down 38 stores and cut approximately 1,500 jobs. The auto parts retail company, which will also close 2 distribution centers, is cutting costs to cope with declining revenues.
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Article Abstract:
Hershey Foods to close 3 plants in Pennsylvania. Company officals announced a restructuring plan eliminating more than a 1,000 jobs and reducing their product line.
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