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State of Connecticut - Business & Employment Changes Announced in the News Media
  Business & Employment Changes Announced in the News Media - State of Connecticut Last Updated: September 28, 2018
This publication lists start-ups, expansions, staff reductions, and layoffs reported by the media, both current and future. The report provides company name, the number of workers involved, date of the action, the principal product or service of the company, a brief synopsis of the action, and the source and date of the media article. September 2018 Business & Employment Changes Announced in the News Media PDF
Startups and Expansions in September 2018

Gartner To Add 400 Jobs In Stamford Expansion With $5 Million State Loan

Gartner Inc., a research and information technology business, plans to expand its Stamford headquarters and add 400 jobs in Connecticut over the next five years. A $5 million state loan will be entirely or partially forgiven if the company meets job creation milestones, Gov. Dannel P. Malloy said Thursday. Its sales force grew 9 percent year-over-year, and Gartner said it expects it to accelerate in the third quarter.

Greenwich shipping company to hire 8K for holidays

XPO Logistics plans to hire 8,000 people in North America for temporary work in the holiday season, with the Greenwich-based firm providing long-haul trucking and local delivery services. In the first six months of 2018, XPO added some 2,000 employees to push its global workforce to 97,000 people.

Wind energy project may bring jobs to Bridgeport

An offshore wind development company has its sights set on Bridgeport for a new multimillion-dollar project constructing turbines. Massachusetts-based Vineyard Wind is one of several companies vying for approval by the state Department of Energy and Environmental Protection in response to its request for clean energy proposals. Pending DEEP approval, the company intends to partner with local companies to develop an offshore 800-megawatt wind-turbine facility that would provide power to the state. "We are excited at the idea of creating more than 1,000 jobs and bringing billions in economic benefits to the state with this proposal, and we are equally thrilled to be working with our partners in Bridgeport," said Erich Stephens, chief development officer for Vineyard Wind in a press release.

MannKind deal likely to mean more Danbury jobs

MannKind Corp. and United Therapeutics Corp. announced Tuesday they have entered into a worldwide exclusive licensing agreement to develop and commercialize a dry powder form of an investigational product being used in clinical trials to treat pulmonary arterial hypertension. Michael Castagna, CEO of MannKind, said the agreement solidifies the company's commitment to Danbury and, though he did not provide a specific number, is likely to create manufacturing jobs in the area.

O'Reilly Auto Parts inks first lease in new Middletown retail plaza

National automotive chain O'Reilly Auto Parts will be the first tenant in a new 36,000-square-foot retail shopping center under construction on Route 66 in Middletown, brokers and the developer said. O'Reilly has leased an 8,480 square building being built at the front of the six-acre site, one of two standalone buildings scheduled to be completed by next summer.

The Press opens in downtown Hartford's former Black Bear space

A prohibition-era themed cocktail bar has opened in downtown Hartford's former Black Bear Saloon. The Press, also playing off a newspaper motif, opened Aug. 16 at 187 Allyn St. under Jerry Fornarelli, owner of 1st Cut Restaurant Group. Fornarelli's group also owns The Russian Lady, The Tavern Downtown and the Rocking Horse Saloon. The restaurant, located in the Capital City's once bustling nightclub district, has 35 full- and part-time employees. Staff will welcome guests Sept. 14 at an official grand opening.

Shelton's Modern Plastics readying expansion

Modern Plastics has outgrown its Shelton home. The global plastics distributors announced this month it will be expanding its 21,000-square-foot headquarters at 88 Long Hill Cross Road. The company has found continued success following its 2010 relocation from Bridgeport, but the last 18 months have been especially positive, said Bing Carbone, president of Modern Plastics. With an employee base that has doubled in a year and a half from roughly 13 to more than 30 workers, Modern Plastics will be adding 10,000 square feet to its corporate facility on Oct. 1. The company will be punching a hole in an existing wall and expanding into an adjacent building, but Carbone doesn't see that as an end.

Better Packages growing, expands in Ansonia

You can say Better Packages is on a roll these days. The 101-year-old company that improved upon an invention by Thomas Edison with its world-known water-activated tape dispensers has had an exceptional year. Not only has the company, located at 4 Hershey Drive, doubled its workforce, but it recently moved its Tampa, Fla., facility to Ansonia, doubled its workspace by expanding its facility an additional 19,000 square feet, and created a national training center that showcases its entire product line for prospective customers and serves as a training ground for sales and distribution partners.

Layoffs and Staff Reductions in September 2018

The Day announces companywide layoffs

A revenue decline and sharp increases in the cost of newsprint have caused The Day Publishing Co. to lay off nine employees, Pat Richardson, president and publisher, announced this week. Four of the layoffs are in The Day's newsroom, with others coming in the paper's advertising department; at Madison-based Shore Publishing, the company's string of weeklies; and D2 Media Solutions, a New London-based marketing agency. In addition, remaining employees are being asked to take five unpaid days off by the end of the year. Two unfilled positions, one of them in the newsroom, also were eliminated.

Royal Bank of Scotland layoffs slow in Stamford

Job cuts at Royal Bank of Scotland, which has laid off several hundred employees at its regional headquarters in Stamford in recent years, have dropped to their lowest year-to-date level since the company began major downsizing in the city in early 2015, according to a Hearst Connecticut Media review of state Department of Labor records. The investment banking giant - which announced in June that it would sell its downtown building at 600 Washington Blvd., but lease offices there for another 10 years - has reported 47 layoffs in 2018 to the Labor Department. In contrast, it averaged about 150 Stamford job losses in the first nine months of the previous three years. About 500 still work for the firm in Stamford, focusing on RBS' NatWest Markets-branded corporate and institutional banking services.

Wells Fargo plans to cut up to 26,500 jobs over three years

Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank adapts to the rise of online banking. CEO Tim Sloan said on Thursday that Wells Fargo plans to cut 5% to 10% of its 265,000-person workforce. He cited "changing customer preferences," including the wide adoption of digital banking. "Wells Fargo takes very seriously any change that involves its team members, and as always, we will be thoughtful and transparent, and treat team members with respect," Sloan said in a statement. Wells Fargo has been plagued by one scandal after another over the past two years. The legal problems have forced the bank to look for ways to cut costs.

Waterfront restaurant's closure shocks Stratford

Customers and employees arrived Saturday to find longtime waterfront staple Marnick's Restaurant closed for business. Town officials confirmed Monday that the Stratford restaurant, which has been serving customers at 10 Washington Parkway for decades, has been sold following an extended search for a buyer. "I'm excited it's sold, and I'm anxious to see who moves in there," said Mary Dean, director of economic development for Stratford. Though a new owner has not been announced, the family that has run the business through multiple generations had been looking to sell the property for some time. The accompanying Rodeway Inn was included in the sale.

Connecticut bank cuts jobs ahead of sale to People's United

Farmington Bank is cutting 95 jobs as it undergoes an acquisition by People's United Financial, according to a regulatory filing with the Connecticut Department of Labor. Bridgeport-based People's United reached the $544 million deal in July, with Farmington Bank parent First Connecticut Bancorp having entered the year with a workforce of 350 people under CEO John Patrick. Farmington Bank did not indicate immediately whether affected jobs were located at its headquarters, branches or both. Job cuts are to begin heading into the holiday season and extend through next March.

Klaff's in South Norwalk to shutter this afternoon

Klaff's chairman Joe Passero confirmed the store will shut down for good Friday afternoon. Klaff's has been in South Norwalk since 1921. About 80 employees in South Norwalk and Scardale, New York will lose their jobs. Passero says sales have dropped up to 30 percent in the last year, largely due to online competition, and that health insurance became too expensive.

In Department News

State of Connecticut Career Posters - Job Journeys

For those seeking more information before making a career choice, the Department's "Job Journeys" posters can serve as a valuable resource. "We want every jobseeker, student, career counselor, teacher, education and training administrator and workforce professional in the state to know about our series of Job Journey posters," notes State Labor Commissioner Scott D. Jackson. "These colorful, at-a-glance illustrations of the jobs found in each of Connecticut's 16 career clusters include pay and education information, related jobs,and how they measure up as an "in-demand' career."

Connecticut Career Paths: 2017

This publication is created to provide you the information about the skills and training to prepare yourself for a successful career in one of over 340 occupations in the state. For each of the occupations included in the Career Table, information is provided on number employed, job openings, education and training requirements and the earning potential for your chosen field.

Manufacturing and other Middle skills Jobs

A recent publication by the Connecticut Department of Labor's Office of Research titled, Connecticut's Manufacturing and Other Middle-skills Jobs, was created to inform people seeking work or considering a career change of various employment opportunities. Connecticut areas and industries with the most job postings and related jobs to each occupation are also included in the publication.

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