Distributor Essendant has warned of a possible business shutdown, impacting at least 1,100 employees through impending layoffs. The company is actively exploring asset sales and seeking new capital to avert liquidation. These significant job cuts follow a recent strategic pivot away from office supplies towards JanSan, foodservice, and technology products. Essendant's financial distress raises concerns for customers, suppliers, and partners regarding business continuity. The company's future hinges on securing external funding or a buyer to remain operational.
Carol Stream, Illinois
https://www.mdm.com/news/featured/featured-blog/essendant-warns-of-possible-shutdown-amid-hundreds-of-layoffs/