Both companies are laying off staffers as they scale down business.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine
Staffing shortages force service reductions at Casco Bay Lines, Maine State Ferry Service
Casco Bay Lines will scale back some trips starting this weekend, while the state ferry services has had to cancel dozens of trips this summer.
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Posted inBusiness, Maine
Rockland area businessman buys properties to house workers
Richard Rockwell says the houses will be improved and used for employee housing, assisting chefs, accountants and workers in the trades.
Posted inBusiness, Maine, News
Cargo volume in Portland Harbor headed for another record year
Imports and exports are up 31% for the first 7 months of 2022, and Portland doesn’t have the congestion of shipping containers affecting many larger ports.
Posted inBusiness, Food
The Wrap: Common Ground Country Fair returns to Unity next month
Plus, Nosh changes hands, Slab’s frozen pizzas hit Hannaford shelves, volunteers at St. Peter’s pump out 7,000 cookies for its annual Italian Bazaar this weekend, and more.
Posted inBusiness, Maine
Buyer makes big investment in historic Portland inn
A new owner paid $6.5 million for The Inn at St. John, a small former railroad hotel in a neighborhood that could be poised for change.
Posted inBusiness
Billions pour into bioplastics as markets begin ramping up
The nascent bioplastics industry envisions a far bigger role for materials made from corn, sugar, vegetable oils and other renewable materials.
Posted inBusiness
Wall Street slips as weak earnings hit tech, travel stocks
The selling likely reflects profit-taking by investors ahead of Wednesday’s consumer price index report.
Posted inBusiness, Maine
Development plan approved for Congress Street block with hotel, condos and shops
The plan calls for nearly 300 condos, a hotel and retail space, though subsequent site plan approvals for individual phases are needed.
Posted inBusiness, Maine
Ex-Chipotle employee claims she is being blacklisted by company
A former employee of the now-closed Augusta restaurant who was working to start a union there says she was only able to get an interview at the Auburn store after using an email that Chipotle Mexican Grill did not recognize, and once she got an interview she was notified she would not be rehired.