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11-09-2012, 08:58 AM
Business How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?
However, stock prices are not the only thing taking a hit. It appears that the job market is also suffering. In the last 48 hours, the following major corporations have announced layoffs in America (links take you to news stories about the layoffs â with details from the companies):
⢠Energizer -[INDENT] The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
[/INDENT]⢠Westinghouse -[INDENT] Westinghouse Anniston, the contractor responsible for shutting down Annistonâs chemical weapons incinerator, has reduced its workforce by another 50 employees.
[/INDENT]⢠Research in Motion Limited -[INDENT] Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
[/INDENT]⢠Lightyear Network Solutions -[INDENT] More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
[/INDENT]⢠Providence Journal -
[INDENT] The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
[/INDENT]⢠Hawker Beechcraft -[INDENT] The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
[/INDENT] ⢠Boeing (30% of their management staff) -[INDENT] Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.
[/INDENT]⢠CVPH Medical Center -[INDENT] CVPH Medical Center has handed pink slips to 17 employees. The layoffs â nine in management and eight hourly staffers â are part of an effort to âhelp bolster the hospitalâs financial position in 2013 and beyond,â a press release said.
[/INDENT]⢠US Cellular -[INDENT] The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.
[/INDENT]⢠Momentive Performance Materials -[INDENT] About 150 workers at Sistersvilleâs Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.
[/INDENT]⢠Rocketdyne -[INDENT] About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.
[/INDENT] ⢠Brake Parts -[INDENT] The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late Decemberâ¦The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013
[/INDENT]⢠Vestas Wind Systems -[INDENT] Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said itâs reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.[/INDENT]
- Posted on November 8, 2012 at 9:29pm by [Image: http://www.theblaze.com/wp-content/uploa...mbnail.png] Mike Opelka
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However, stock prices are not the only thing taking a hit. It appears that the job market is also suffering. In the last 48 hours, the following major corporations have announced layoffs in America (links take you to news stories about the layoffs â with details from the companies):
⢠Energizer -[INDENT] The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
[/INDENT]⢠Westinghouse -[INDENT] Westinghouse Anniston, the contractor responsible for shutting down Annistonâs chemical weapons incinerator, has reduced its workforce by another 50 employees.
[/INDENT]⢠Research in Motion Limited -[INDENT] Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
[/INDENT]⢠Lightyear Network Solutions -[INDENT] More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
[/INDENT]⢠Providence Journal -
[INDENT] The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
[/INDENT]⢠Hawker Beechcraft -[INDENT] The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
[/INDENT] ⢠Boeing (30% of their management staff) -[INDENT] Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.
[/INDENT]⢠CVPH Medical Center -[INDENT] CVPH Medical Center has handed pink slips to 17 employees. The layoffs â nine in management and eight hourly staffers â are part of an effort to âhelp bolster the hospitalâs financial position in 2013 and beyond,â a press release said.
[/INDENT]⢠US Cellular -[INDENT] The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.
[/INDENT]⢠Momentive Performance Materials -[INDENT] About 150 workers at Sistersvilleâs Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.
[/INDENT]⢠Rocketdyne -[INDENT] About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.
[/INDENT] ⢠Brake Parts -[INDENT] The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late Decemberâ¦The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013
[/INDENT]⢠Vestas Wind Systems -[INDENT] Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said itâs reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.[/INDENT]
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11-09-2012, 08:58 AM
• Husqvarna -[INDENT] Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.
[/INDENT] • Center for Hospice New York -[INDENT] The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.
[/INDENT] • Bristol-Meyers -[INDENT] Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.
[/INDENT] • OCE North America -[INDENT] Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.
[/INDENT] • Darden Restaurants -[INDENT] The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.
[/INDENT] • West Ridge Mine -[INDENT] In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.
[/INDENT] • United Blood Services Gulf -[INDENT] United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.
[/INDENT]A layoff is tough enough for employees to deal with, imagine hearing the crushing news that your office is shutting down just before Thanksgiving and Christmas… Here are some of the business closings that were announced in just the past two days:
[/INDENT] • Center for Hospice New York -[INDENT] The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.
[/INDENT] • Bristol-Meyers -[INDENT] Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.
[/INDENT] • OCE North America -[INDENT] Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.
[/INDENT] • Darden Restaurants -[INDENT] The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.
[/INDENT] • West Ridge Mine -[INDENT] In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.
[/INDENT] • United Blood Services Gulf -[INDENT] United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.
[/INDENT]A layoff is tough enough for employees to deal with, imagine hearing the crushing news that your office is shutting down just before Thanksgiving and Christmas… Here are some of the business closings that were announced in just the past two days:
- Caterpillar Inc. will close its plant in Owatonna Minn.
- Mount Pleasant’s Albrecht Sentry Foods
- The Target store at Manassas Mall Va.
- Millennium Academy in Wake Forest NC
- Target Closing Kissimmee FL Location
- The Andover Gift Shop in Andover MA
- Grand Union Family Markets Closing Storrs Location CT
- Movie Scene Milford Location NH
- Update: TE Connectivity Closing Greensboro Plant – 620 Layoffs Expected
- Gomer’s Fried Chicken in South Kansas City
- Kmart in Homer Glen
- Fresh Market on Pine Street in Burlington
- AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport Tenn.
- The Target store at Platte and Academy in Colorado Springs
- The Roses store on Reynold Road in Winston-Salem NC
- Meanders Kitchen losing its West Seattle location at 6032 California Ave
- Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN
- Townsend Booksellers in Oakland
- The Kmart store in Parkway Plaza off University Drive in Durham NC – 79 Jobs Lost
11-09-2012, 09:17 AM
LWC as president would've never let this happen...
LWC = 2016?
LWC = 2016?
11-09-2012, 08:06 PM
And, the informed knew it would happen. The others that voted for him shall join and recieve their free stuff from Mr. free stuff president.
11-11-2012, 12:36 AM
I don't know how true this is but people I know personally who work at AEP BIGSANDY said that the talk is now that they will close the doors sometime in 2015.
11-11-2012, 12:55 AM
Well, I posted links to the layoffs in another thread. And now there is a link posted by Stardust. Junior, where are you? You were so eager to see the link to all the layoffs.
11-11-2012, 03:28 PM
Do-double-gg Wrote:I don't know how true this is but people I know personally who work at AEP BIGSANDY said that the talk is now that they will close the doors sometime in 2015.
And the cascading calamity is only beginning, adding more fuel to the fire will certainly not put it out. And four more years of economic Russian roulette, is not a game that savvy entrepreneurs are going to play. Businesses will fold, doors will close and layoffs will be epic. Sadly, most of the people who voted for Obama actually believe the last election was a dem vs republican thing. Rather, they may have just voted away America. HEY Dusty, is there a holding pattern the stock market can assume to sort of 'winterize' itself for the next four years? I have a huge concern that organized labor pension funds (already in crisis status) and similar investment holdings for all Americans are in serious jeopardy.
[SIGPIC][/SIGPIC]
11-11-2012, 04:03 PM
TheRealThing Wrote:And the cascading calamity is only beginning, adding more fuel to the fire will certainly not put it out. And four more years of economic Russian roulette, is not a game that savvy entrepreneurs are going to play. Businesses will fold, doors will close and layoffs will be epic. Sadly, most of the people who voted for Obama actually believe the last election was a dem vs republican thing. Rather, they may have just voted away America. HEY Dusty, is there a holding pattern the stock market can assume to sort of 'winterize' itself for the next four years? I have a huge concern that organized labor pension funds (already in crisis status) and similar investment holdings for all Americans are in serious jeopardy.
the stock market done real well the last 4 years
11-11-2012, 04:10 PM
vector Wrote:the stock market done real well the last 4 years
Thanks vector, I usually don't take my financial advice from a guy playing the part of a mushroom.
[SIGPIC][/SIGPIC]
11-11-2012, 04:31 PM
Do-double-gg Wrote:I don't know how true this is but people I know personally who work at AEP BIGSANDY said that the talk is now that they will close the doors sometime in 2015.If they do, they will double their flagship plant in Mason, WV.
11-11-2012, 04:43 PM
all jokes aside i hope you don't get your finance advise from your political advice
Obama has all but conceeded Florida, Ohio is an actual dead heat not a statistcal dead heat, Wisconsin is also a tie, Romney is up two in Virginia, up 4 in Colorado, up 5 in North Carolina and Iowa is another tie. On a different front, liberals love candidates who show a gift for lying and getting away with it, as is evident in the Mass Senatorial race between Scott Brown and white girl turned Cherokee indian and Harvard Prof, Elizabeth Warren, who is up 5 on republican encumbent Brown.
:biglmao:
Obama has all but conceeded Florida, Ohio is an actual dead heat not a statistcal dead heat, Wisconsin is also a tie, Romney is up two in Virginia, up 4 in Colorado, up 5 in North Carolina and Iowa is another tie. On a different front, liberals love candidates who show a gift for lying and getting away with it, as is evident in the Mass Senatorial race between Scott Brown and white girl turned Cherokee indian and Harvard Prof, Elizabeth Warren, who is up 5 on republican encumbent Brown.
:biglmao:
11-11-2012, 04:53 PM
TheRealVille Wrote:If they do, they will double their flagship plant in Mason, WV.
Which of course will be free to the consumer. :Thumbs:
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11-11-2012, 07:11 PM
vector Wrote:also in early 2009 in went from 6000 to 13000 in 2012 somebody maid alot of money hey
Give it up Vector. We all know now that you're not as stupid as you're trying to act LOL
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