Rumors today that Sycamore will be shuttering Essendant's Office Products business? Any truth to the story? Announcement was supposed to be today but it was delayed per the report.
45 replies (most recent on top)
Hello all, I can confirm this as I was just laid off from OP team at the FSC. Had a town hall meeting earlier and at least 10 facilities are being closed completely, several more are being transitioned to focus on JanSan, Tech, Digital Services, Food, etc. Office Products will still be sold but a limited amount of items will be kept on for the ones that are necessary. All OP suppliers have been notified today or possibly later this week that Essendant is no longer doing business with them. It was kind of a shock to hear this but close to half of the business is being cut in order for the organization to catch up on finances. I don’t have high hopes that this change is gonna make a big enough difference since the company is on the downslide but that’s just my two cents.
They are closing all but 6 of their buildings. Max severance is 2 months. WARN notices have been filled.
@d6 Can you see the article? I can't
https://www.opi.net/news/region/001-north-america/essendant-exiting-op-dealer-channel/
@OP Where did you hear this?