CINCINNATI — A online auction marketplace business plans to close its Cincinnati location, resulting in more than 100 people losing their jobs, according to a WARN Notice submitted to the state.
What You Need To Know
- The location at 8485 Broadwell Rd. will close on March 6
- 104 employees will be laid off
- The closure and terminations are permanent, the company stated
FTI Buyer, LLC, wrote in the WARN Notice that it will permanently close the location at 8485 Broadwell Rd. on March 6.
The company said it’s been working on modernizing its operations, aiming to make its distribution network “more efficient and more decentralized.” It said the Broadwell location no longer serves its current or future operations…