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Kane Co., caught in financial squeeze, will close most operations, lay off 950

Kane Company, the nation’s largest commercial mover and a longtime Washington company, is closing most of its operations as of Sunday and laying off about 950 employees.

“We implemented an orderly wind-down of the business, where we will cease taking new business and will complete activities on Sunday of this week,” Kane Co. President John Kane said in an interview. “We have reached out or are reaching out to all our affected customers so as to limit or prevent service disruptions.”

Read the full article from the The Washington Post.

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