Minnesota Electrical Contractor Closes, Files for Bankruptcy Without Warning

St. Paul, Minn.-based Peoples Electric suddenly closed its doors after 97 years in business.

The family-owned electrical contractor, which employed as many as 130 electricians during peak season, filed for bankruptcy on October 29.

According to the company’s website, “Peoples maintains over 47,000 square feet of office and warehouse space at this location, stocked with over one-half million dollars of materials, tools, field construction and service equipment, vehicles, and testing equipment.”

Under federal labor laws, most employers with more than 100 employees must provide 60-day advance notice to workers before mass layoffs, as well as to state and local government.

For the full story, click here.