COLUMBUS, Ohio — Value City Furniture plans to lay off 326 employees — 256 of which reside in Ohio, according to a WARN Notice submitted to the Ohio Department of Jobs and Family Services.
What You Need To Know
- The mass layoff will take place at its facility at 4300 East Fifth Ave. in Columbus
- Terminations will begin in January
- It’s also permanently closing the facility
The mass layoff will take place at its facility at 4300 East Fifth Ave. in Columbus. The company cited a “significant decline in sales, resulting liquidity challenges.”
Value City Furniture stated in the WARN Notice that it previously took steps to avoid the layoff, including cost-reduction strategies and exploring financing options to stabilize the business. The company said the efforts didn’t succeed, resulting in the layoff…