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Archive - Mar 7, 2012 - News Article

Steward seeks new contingencies

March 7, 2012

WOONSOCKET — The company that wants to buy Landmark Medical Center is seeking to add new contingencies to the original terms of the sale to allow for the possibility that maternity and psychiatric wards could be eliminated, along with the personnel needed to run them.
Steward Health Care System’s original asset purchase agreement, or APA, is scheduled to expire on Friday. But the parties are due back in Superior Court that morning on a motion to extend the agreement and incorporate the new terms with the potential, at least, to become dealbreakers for Steward.

Hasbro lays off 55 in the state

March 7, 2012

PAWTUCKET (AP) — Toy maker Hasbro on Tuesday laid off 55 employees in Rhode Island, part of a larger downsizing that comes just months after announcing an expansion into Providence, company officials said.
Company spokesman Wayne Charness said in a statement that about 170 workers are being laid off worldwide because of the “underperformance” in Hasbro's U.S. and Canadian divisions, which are under new leadership. He also cited the company's need for “different skill sets” in its workforce.
The layoffs will affect workers in Pawtucket and Providence.

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