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Layoffs Halted for Hundreds of People Days Before They Were Set to Lose Job

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Layoffs Halted for Hundreds of People Days Before They Were Set to Lose Job

The good news could be short-lived if the company doesn't find a buyer amid a bankruptcy and criminal case.

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Newsweek
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By Jenni FinkSenior Editor, PoliticsShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Days before mass layoffs were expected to hit First Brands Group workers, hundreds of people were told they would actually keep their jobs. But the good news could be short-lived if the company doesn't find a buyer amid a bankruptcy and criminal case.First Brands Group, the auto‑parts manufacturer behind brands such as FRAM, Autolite and Trico, has been mired in legal and financial turmoil since filing for Chapter 11 bankruptcy protection in September. The restructuring has unfolded alongside federal fraud charges against former top executives and a rapid wind‑down of U.S.

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