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46u Bope Stieet

Biistol, RI u28u9


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(0ct 8, 2u1S, Biistol) Biistol Tiies CE0 Caitlin Ncuuffin announceu the lay-off of
ovei SSu employees uuiing a piess confeience touay at company heauquaiteis in
Biistol, RI. Employees weie given thiee weeks notice of the uownsize effective on
0ctobei 24, 2u1S.

The CE0 citeu financial losses in piofit foi the uownsizing. "We'ie expeiiencing an
inciease in the cost of piouuction anu a lessei uemanu foi oui piouuct. We can no
longei affoiu to employ as many people as we have in the past", Ncuuffin explaineu.

Accoiuing to Ncuuffin, the cost of piouuction has incieaseu ten peicent while the
quaiteily sales uecieaseu 8% compaieu to last quaitei. This loss causeu too much
financial tuimoil to suivive without change. In oiuei foi the company to withstanu
filing foi bankiuptcy in the neai futuie, the solution was to uownsize the numbei of
employees anu size of piouuction.

Biistol Tiies is woiking to "piepaie employees foi theii futuie outsiue of the
company" says Ncuuffin. The company will holu a seiies of seminais iegaiuing
compensation, benefits, anu auvice with how to cope with unemployment beginning
0ctobei 14
th
. These seminais will equip employees with iefeiences anu infoimation
to continuie to be successful in the woikplace.

About Biistol Tiies:
Biistol Tiies is locateu in Biistol, RI. Fiist establisheu in 2uuu, Biistol Tiies has been
seiving local customeis foi moie than a uecaue as one of Biistol's leauing tiie
companies. They specialize in tiie iepaii anu ietail, as well as basic automotive
seivices such as oil changes anu tiie piessuie.


Foi moie infoimation, please contact Conoi Ncuuffin at 4u1-2S4-SSSS oi visit
biistoltiies.com

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