In February, the company said it planned to bring more than 2,000 jobs to New Jersey with the construction of this new facility as well as hire between 400 to 500 people who reside within Linden. In a market where employees have fewer options, we would likely see more being willing to make the trek." "Additionally, the availability of public transportation is also an important consideration from a workforce standpoint.
"While the old and new facilities are only about 15 miles apart, many current employees may be hesitant to make the move due to extended commute times each day," Erik Thoreson, principal at Technomic, told CNBC via email. The stock closed below $6 Friday, down more than 6%.īlue Apron said it expects about 470 workers will not be transferring to the new location.Įmployees have until October to decide if they would like to transfer, so the number of lost jobs could become smaller, the company said. The company, which had an IPO price of $10 per share, had seen its stock fall more than 38 percent, however, news of the job cuts sent shares lower. Personal Loans for 670 Credit Score or Lowerīlue Apron shares have struggled since debuting on the New York Stock Exchange last month. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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