Newport Healthcare lays off 68 employees in St. Cloud, Minnesota
What happened
Newport Healthcare filed a federal Worker Adjustment and Retraining Notification Act notice regarding layoffs at Newport Academy in St. Cloud. About 68 employees were laid off, with the cuts taking effect on September 30 and October 1. The notice described the cuts as a “large-scale permanent layoff,” affecting roles such as therapists, nurses, and teachers. The notice did not state a reason for the layoffs or confirm if the facility will continue operating.
From wctrib.com
Why it matters
The layoffs impact the operational structure of Newport Healthcare, which provides residential treatment programs for adolescents and young adults. The company is majority-owned by Canadian private equity firm Onex. The event involves the Minnesota Department of Employment and Economic Development, which processes the WARN notice.
From wctrib.com
Who's involved
- Minnesota Department of Employment and Economic DevelopmentThe Minnesota Department of Employment and Economic Development processed the WARN notice.
- St. CloudThe city where the residential treatment center is located and where the layoffs occurred.
- TennesseeThe state where Newport Healthcare is headquartered.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- St. CloudSpeculative
St. Cloud might see a reduction in local employment, potentially affecting consumer demand.
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The entities involved
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Minnesota Department of Employment and Economic Development
Nothing else this week.
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St. Cloud
city on tripoint of Benton, Sherburne and Stearns Counties in Minnesota, United States
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Tennessee
state of the United States of America