Cold-Storage Operator Lineage Is Cutting Staff
Lineage, the world's largest refrigerated-storage company, is cutting staff six months after launching the largest initial stock offering in the U.S. last year.
The Novi, Mich.-based company didn't disclose the number of jobs or types of roles affected by the layoffs.
"As part of a comprehensive review of our operations, we have made the difficult decision to reduce certain positions within the company," Lineage said in a statement. "While this step was not taken lightly, it is essential to protect our long-term success and adaptability...
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