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CPS 5 LLC files WARN notice to close New York site

CPS 5 LLC files WARN notice to close New York site

Money Moves New York, NY local

The filing covers 80 employees at 770 Fifth Avenue and sets a January 18, 2027 closure date.

October 14th, 2026: CPS 5 LLC files WARN notice for Manhattan site

Overview

Updated 59 minutes ago

CPS 5 LLC told New York labor officials it intends to close its site at 770 Fifth Avenue in Manhattan, a filing that covers 80 employees. The closure date is January 18, 2027.

The notice is a WARN Act filing, not proof the jobs have ended. The federal Worker Adjustment and Retraining Notification Act requires 60 days' written notice before a plant closing or mass layoff, so the filing starts a countdown that can still be amended or withdrawn.

Why it matters

The filing puts 80 New York jobs on a 60-day clock and gives workers and agencies a date to plan around.

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Key Indicators

80
Affected employees
Number of employees listed in the WARN notice.
60
Federal WARN notice period
Minimum advance notice for a plant closing or mass layoff under federal law.
1
Site covered
The notice covers the Manhattan location at 770 Fifth Avenue.

Voices

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Organizations Involved

CP
CPS 5 LLC
Employer
Filed WARN notice to close New York site

New York limited liability company that filed the WARN notice for 770 Fifth Avenue.
New York State Department of Labor
New York State Department of Labor
State agency
Publishes WARN notices

New York state agency that collects and publishes WARN filings.

Timeline

1 event Latest: October 14th, 2026 · 4 weeks ago

  1. CPS 5 LLC files WARN notice for Manhattan site

    Latest Filing

    The notice covers 80 employees at 770 Fifth Avenue and sets a January 18, 2027 closure date.

Scenarios

1

CPS 5 LLC closes Manhattan site on schedule

Likely Resolves by Jan 18, 2027

Discussed by: The WARN filing itself

The company follows the notice and shuts the 770 Fifth Avenue site on January 18, 2027, separating the 80 listed employees. This is the default path unless the employer files an amendment or withdrawal.

2

CPS 5 LLC delays or amends the closure

Possible Resolves by Jan 18, 2027

Discussed by: WARN Act amendment process

The employer files a revised notice that pushes the closure date later or changes the number of affected employees. That would keep the site open past January 18, 2027, or reduce the scope of the separation.

3

CPS 5 LLC withdraws the notice and keeps the site open

Unlikely Resolves by Jan 18, 2027

Discussed by: Employer filing process

The company rescinds the WARN notice or New York labor officials remove the filing. The site would stay open and the 80 jobs would not be cut on the stated timeline.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

August 1988

Federal WARN Act (1988)

Congress passed the Worker Adjustment and Retraining Notification Act, requiring larger employers to give 60 days' written notice before plant closings and mass layoffs.

Then

The law took effect in 1989 and set a federal floor for advance notice.

Now

States including New York publish WARN filings, making closures visible before they happen.

Why this matters now

CPS 5 LLC's filing is governed by that 60-day rule.

October-November 2026

Late-2026 New York WARN filings

New York employers filed a series of closure notices in late 2026, including S.S. Delivery Systems, GU Markets and Old Navy locations.

Then

The filings listed dozens of affected workers each and set separation dates into late 2026 and 2027.

Now

They show CPS 5 LLC's notice is one of many site-level filings, not a single-company event.

Why this matters now

The volume gives context for how New York labor officials process closure notices.

Sources

(2)
New York State Department of Labor LayoffIQ