Distributor Essendant has warned of a possible shutdown, impacting at least 1,100 employees through 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 efforts to restructure its business and distribution network have taken a critical turn. The company's future remains uncertain as it navigates these challenging financial and operational circumstances.
https://www.mdm.com/news/featured/featured-blog/essendant-warns-of-possible-shutdown-amid-hundreds-of-layoffs/