Expansions & Openings
New This Month
KeyCorp, has reached an agreement to cap the number of layoffs that can occur in New York State after the banks acquisition of First Niagara Financial Group. KeyCorp has agreed to cut no more than 250 banking jobs statewide and will add at least 500 new jobs in the coming years. The agreement, negotiated by Sen. Charles E. Schumer and Rep. Brian Higgins also calls for Key to establish a Northeast regional headquarters in Buffalo, that could bring most of those new jobs to the Buffalo area. Although upward of 250 management employees could lose their jobs as the two banks combine their operations, the deal ensures that most of the employees of the two banks’ branches will remain employed after the merger. Those jobs will largely be in three business lines that Key committed to base at the new regional headquarters in Buffalo: commercial insurance, auto lending and mortgage banking. Key agreed to add at least 500 to 600 jobs in upstate New York through 2018, and is likely to add 300 to 400 more jobs in 2019 and 2020.
Krog Corp has applied for tax breaks to help aid its project to redevelop the former Trico Products Corp. building in downtown Buffalo into a mixed-use facility. The developer of the project originally estimated the cost to be about $50 million, and now estimates it will cost nearly $90.5 million. Current plans for the 617,000-square-foot complex include a combination of residential, hotel, educational, commercial and retail space. 130 new jobs are expected to be created, including about 100 new teachers for the culinary school, 25 hotel workers, plus building maintenance and management employees. Commercial tenants could also employ up to an additional 500 people. Krog has stated that without the assistance they will likely be unable to proceed with the project, but if approved they hope to start work by September, complete the hotel and commercial space by August 2018 and complete the rest of the project by March 2019.
Platters Chocolates in North Tonawanda (Niagara County) was granted $200,000 in funding from the New York Power Authority for its $1.3 million project. The company expects to create 35 new jobs and retain 15 others over the next four years.
Garwood Medical Devices, a new Buffalo startup that develops devices to treat chronic wounds and control join-replacement infections, plans to create 40 jobs over five years through its partnership with a University at Buffalo genomic research program. The company will receive $1.48 million in support from UB’s Buffalo Institute for Genomics and Data Analytics.
LAYOFFS AND CLOSINGS
New This Month
Berry Plastics,a manufacturer of packaging and protection materials in Dunkirk (Chautauqua County) will be closing at the end of October. The company, which is headquartered in Indiana, will lay off 54 workers at the Dunkirk site and transfer the work to the company’s other facilities.
New This Month
2,200 registered nurses and technical, service and clerical workers, members of CWA Local 1133 at Mercy Hospital in Buffalo, (Erie County) have voted to authorize a strike. The vote does not mean a strike will automatically take place but does give the union local’s leaders the authority to call a strike. Employees in the bargaining units contract expired with the Catholic Health System in June. A new contract for Licensed practical nurses and certified nursing assistants at the former Niagara Lutheran Home in Buffalo has been approved. The three-year contract covers 31 LPNs and 82 CNAs at the facility that is now the Humboldt House Rehabilitation and Nursing Center. The employees are represented by 1199SEIU, United Healthcare Workers East.
A new three-year contract has been approved by members of three unions that represent 7,500 workers at Kaleida Health hospitals. The approval comes a month after the unions announced that they had reached a tentative agreement with Kaleida. The workers covered by the agreement include members of Communications Workers of America Local 1168, 1199 SEIU United Healthcare Workers East and the International Union of Operating Engineers Local 17. The contract includes wage increases and the hiring of 139 full-time employees, primarily nurses.
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