How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?
• Energizer - 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. • Westinghouse - Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees. • Research in Motion Limited - 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. • Lightyear Network Solutions - 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. • Providence Journal - 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. • Hawker Beechcraft - 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. • Boeing (30% of their management staff) - 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. • CVPH Medical Center - CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” a press release said. • US Cellular - 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. • Momentive Performance Materials - About 150 workers at Sistersville’s Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week. • Rocketdyne - 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. • Brake Parts - 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 December…The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013 • Vestas Wind Systems - Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years. • Husqvarna - 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. • Center for Hospice New York - 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. • Bristol-Meyers - 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. • OCE North America - 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. • Darden Restaurants - 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. • West Ridge Mine - 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. • United Blood Services Gulf - 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. 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 Lay
Asked By: sportsfan - 11/9/2012
Best Answer - Chosen by Asker
Mitt Romney laid off all his staffers, and cancelled their credit cards after making in his election night speech. now. that really is something you can blame on Obama.
Answered By: JWL - 11/9/2012
Additional Answers (5)
i think you're just touching the tip of a huge iceberg here. the whole mess can be staved off if somehow congress and the president come to some sort of agreement going forward, but obama's record suggests that he won't budge much, and in the end will continue to blame bush and all republicans for the whole thing.
Answered By: alcory11 - 11/9/2012
But didn't Reagan say it doesn't matter what country jobs are in, as long as some billionaire in America is the one raking in the profit? American history 1981-88: Fall of the American Empire, Death of the American Dream
Answered By: Falstaff - 11/9/2012
All these companies see the writing on the wall. If they did not do what they were doing, they would endanger the jobs of the rest of the employees. I heard a man call in Thurs who owns a Chemical Company in Kentucky who said he was closing in 3 months. He had already laid off a few people, was working more then 80 hrs... More
Answered By: rsc3033 - 11/9/2012
on one hand I shudder over the coming slaughter of jobs on the other hand, I'm uber-prepared with my "I TOLD YOU SO, YOU DUMB P.O.S.'S!"
Answered By: Patricia - 11/9/2012
The one silver lining in the election of Obama--the economy belongs to him now--while he could claim that during the last 4 years it was "bushs fault" that the unemployment was static and GDP growth slow--he got elected becase it was getting a little better--and hadn't gotten worse... More
Answered By: tylertxanreborn - 11/9/2012
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