WARWICK – A Worker Adjustment and Retraining Notification has been filed by Tuition Management Services, based in Warwick, impacting 59 workers, according to the R.I. Department of Labor and Training.
The WARN notice notes that the Warwick location is closing between April and August 2019. The company had an office located near T.F. Green Airport. The WARN notification indicated the Rhode Island operation was closing. A total of 52 workers are expected to be laid off by April 1, 2019 while 7 are expected to be laid off on Aug. 30, 2019.
The company, which was previously a subsidiary of Boston-based Cognition Financial Corp., was acquired by Lincoln, Neb.-based NelNet Business Solutions in November.
NelNet operates education-related products and services, and student loan asset management. According to the company, a significant portion of its revenue is interest income earned on a portfolio of federally insured student loans.
Tuition Management Services provides tuition payment plans, billing services, payment technology solutions and refund management to educational institutions. NelNet said that, at the time of its acquisition, TMS worked with more than 380 colleges and universities, and 170 private K-12 schools in the nation, with a focus on institutions in the Northeast.
The company did not immediately respond for comment.
A spokeswoman for DLT told PBN Monday that it is in discussions with the company and has coordinated with a rapid response team. The efforts will also include a potential for a job fair for impacted employees in February.
The WARN Act is a federal law requiring employers of 100 or more full-time workers to give 60-days advance notice of a plant closing or mass layoff.
Employers with 100 or more full-time workers are required to file WARN notices if they close a facility or discontinue an operating unit with 50 or more workers, if they lay off between 50-499 workers (and the workers comprise at least 33 percent of the total workforce at a single site of employment), or if they lay off 500 or more workers at a single site of employment.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.
