How many businesses have announced closings or layoffs since Obama won a second

[CF DolFan]

Here's your chance to attack the greedy, angry, white man as the lay-offs have begun.  Unfortunately though this is the new reality we are all forced to live with.

I had shared with you what my friend from Darden had warned and it looks like they are reducing hours to keep from paying more benefits. I would be willing to bet this will become more common. 

Locally some of our bigger developers in the county have told me they are closing up shop until things get better.  They say they have been breaking even and carrying people but are being forced to close as their costs are going up. It doesn't make sense for them to wait until they lose money.

I fear things are going to get much worse before they get better even if Obama comes out with a different plan.

BUSINESS
HOW MANY BUSINESSES HAVE ANNOUNCED CLOSINGS OR LAYOFFS SINCE OBAMA WON A SECOND TERM?
Posted on November 8, 2012 at 9:29pm by      Mike Opelka Print »Email »
Comments (365)
Do elections have consequences? If you have been paying attention to the financial markets, you might think so. Wall Street has had two horrible days since President 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 – with details from the companies):

• 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 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
To see even more companies that announced layoffs since the election, visit the Daily Job Cuts page.

 

This story has been updated.

http://www.theblaze.com/stories/how-many-businesses-have-announced-closings-or-lay-offs-since-obama-won-a-second-term/

[Fau Teixeira]

I have a feeling that if romney had won, this list wouldn't have been very different.

On another note businesses that choose to close based purely on not wanting to offer health care coverage to their workers, are more than welcome to close, it just opens up an opportunity for a better business to come along and take their market share.

Also, we should as a country have a 0% unemployment policy .. if people are out of work, we should hire them to perform needed infrastructure tasks.

And before everyone complains that that's socialism, the republicans labelled obama as a socialist for 4 years and he still was re-elected. i would say that the majority of the american people approve of socialism.

[CF DolFan]

I have a feeling that if romney had won, this list wouldn't have been very different.

On another note businesses that choose to close based purely on not wanting to offer health care coverage to their workers, are more than welcome to close, it just opens up an opportunity for a better business to come along and take their market share.

Also, we should as a country have a 0% unemployment policy .. if people are out of work, we should hire them to perform needed infrastructure tasks.

And before everyone complains that that's socialism, the republicans labelled obama as a socialist for 4 years and he still was re-elected. i would say that the majority of the american people approve of socialism.

I can't speak for all but it's been common knowledge many companies were waiting until the elcetion. If Romney had won it was almost a given that Obama care would be repealed. That's a huge deal for small businesses but no one seems to be listening.

I think the majority of America "thinks" they want socialism. It's just like credit. Many  Americans do not realize that spending someone else's money comes with consequences until it is too late.

[Fau Teixeira]

I can't speak for all but it's been common knowledge many companies were waiting until the elcetion. If Romney had won it was almost a given that Obama care would be repealed. That's a huge deal for small businesses but no one seems to be listening.

I think the majority of America "thinks" they want socialism. It's just like credit. Many  Americans does not realize that spending someone else's money comes with consequences until it is too late.

small businesses (under 50 employees) are exempt from obamacare

The problem with the concept of "spending someone else's money" is that in essence, it isn't someone else's money. Money is and has always been property of the people. It's not legal for you to melt down pennies for copper wire and it's not legal for your to burn a $100 bill. Conservatives are generally under the misconception that the government (the people) have no right to tax them. That isn't the case.

By virtue of being an American, you are part of the government, like it or not, you or one of your ancestors agreed to a social contract. and not an implicit agreement either, but an active explicit agreement. If one of your ancestors immigrated to this country after the constitution was ratified, they affirmatively committed themselves and their descendants to the concept that the government can tax you in order to provide services for the general population. If your family was here before the revolution, then they had a choice to either participate in the drafting of a constitution, electing representatives to ratify it, or to return to the British empire. If you immigrated here (like i did) then that's an even more active choice and acceptance of how the country functions.

As a result of this acquiescence Americans have an obligation to support the services that the people deem necessary. Obamacare is one of these services. At first, enacted by the representatives of the people, confirmed and upheld by the courts and ultimately re-validated by the people themselves this past election.

Americans have proven over and over that they DO want a socialist system. Even the founders were in support of practical socialism by creating militias and an army (i'd argue the first implementation of socialist philosophy), even though the concept of socialism didn't exist at the time.

America was a socialist country in 1776, was a socialist country in 1865 and remains a socialist country to this day.

[badger6]

I think the majority of America "thinks" they want socialism. It's just like credit. Many  Americans does not realize that spending someone else's money comes with consequences until it is too late.

See, that last part is the problem. Our economy is based on consumer debt and consumption when is should be based on saving and production. Although Bush did his damage. I guarantee, in 3-4 years when the shit really hits the fan, the same ones that voted for Obama and supported him so heavily, will still be blaming Bush.

[CF DolFan]

That's your definition and semantics on top of that.  It really doesn't matter what term you use to call a business with 51 or even 500 people if the expenses are more than the owner is able or even willing to lose. 

http://en.wikipedia.org/wiki/Small_business

What constitutes a small business varies widely around the world. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees according to the definition used by the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs, although in 2006 there were over 18,000 "small businesses" with over 500 employees that accounted for half of all the employees employed by all "small business ". [1] [2] Small businesses can also be classified according to other methods such as sales, assets, or net profits.

[Phishfan]

On the flip side, these companies are hiring.

1. AmerisourceBergen
Industry: Pharmaceutical
Sample job titles: Telehealth registered nurse, senior accountant, compensation analyst, physician account manager, pharmacy care coordinator
Location: Chesterbrook, Pa.; Frisco, Texas; New York; Burlington, Mass.; Chicago

2. Cellular Sales
Industry: Retail, wireless, telecommunications
Sample job titles: Sales representative-cellular sales/Verizon Wireless
Location: Alabama, Connecticut, Delaware, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington

3. Crescent Processing Co.
Industry: Banking/finance
Sample job titles: Outside sales-financial services
Location: Nationwide

4. Dixon Hughes Goodman LLP
Industry: Public accounting
Sample job titles: Audit associate, tax associate, financial adviser, tax manager, consultant
Location: Virginia, North Carolina, Atlanta, Florida, Tennessee, Texas, West Virginia

5. Employer Flexible
Industry: Information technology, administration, accounting, finance, manufacturing
Sample job titles: Credit analyst, tax accountant, SharePoint architect, Oracle developer, engineering, manager, asset services manager
Location: Texas

6. Higher One
Industry: Financial services/banking
Sample job titles: Information-technology business analyst, vice president of product management-marketing, software engineer-interface development, chief compliance officer, at home/seasonal customer service representative
Location: New Haven, Conn.; Atlanta; Oakland, Calif.

7. Hilti Corp.
Industry: Construction equipment
Sample job titles: SAP business process consultant, IT infrastructure engineer, account manager
Location: Nationwide

8. KeyPoint Government Solutions
Industry: Investigation services
Sample job titles: Vehicular crash investigator, polygraph examiner, counterintelligence instructor, background investigator
Location: Nationwide

9. Level 3 Communications
Industry: Telecommunications
Sample job titles: Account director, network engineer, critical infrastructure facilities technician, software architect   
Location: Nationwide

10. Lutech Resources
Industry: Oil and gas
Sample job titles: Project engineer, invoice coordinator, safety manager, process engineer
Location: Plainfield, Ill.; Houston; The Woodlands, Texas

11. Main Line Health
Industry: Health care
Sample job titles: Registered nurse, nurse case manager, physical therapist, director of quality
Location: Bryn Mawr, Pa.; Media, Pa.; Paoli, Pa.

12. Multivision
Industry: IT consulting
Sample job titles: Computer operator, help desk, field service technician, Apple help desk, senior database architect, systems analyst
Location: Minnesota, California, New York, Utah, Pennsylvania, Colorado

13. Quality Systems and NextGen
Industry: Health care/medical records
Sample job titles: Clinical applications support manager, interface analyst, sales director-regional, product manager-clinical content, clinical implementation specialist, implementation manager-financial, nursing product manager, director of clinical product management, director of financial product management, manager of clinical content management, manager of clinical product management
Location: Irvine, Calif.; Horsham, Pa.; Atlanta; St. Louis; Austin, Texas; Hunt Valley, Md.; Dallas; Santa Ana, Calif.

14. Securitas
Industry: Security services and technology
Sample job titles: Security officer, business development manager, operations manager
Location: Nationwide

15. Starkey Hearing Technologies
Industry: Electromedical and electrotherapeutic apparatus manufacturing (consumer hearing aids)
Sample job titles: Digital signal processing engineer, audiologist, firmware engineer, wireless engineer
Location: Minneapolis; will pay to relocate workers for certain positions

http://msn.careerbuilder.com/Article/MSN-3115-Job-Search-Companies-hiring-this-month/?SiteId=cbmsn43115&sc_extcmp=JS_3115_advice

[Landshark]

I have two friends that own a contracting/solar panel installation business and after the election, the wife was crying and stating that they may have to shut it down.

[Fau Teixeira]

See, that last part is the problem. Our economy is based on consumer debt and consumption when is should be based on saving and production. Although Bush did his damage. I guarantee, in 3-4 years when the shit really hits the fan, the same ones that voted for Obama and supported him so heavily, will still be blaming Bush.

I actually blame this most recent recession on Reagan, his deregulation of the banking industry is what started us on the path to this mess.

On a tangent, i think 50 years from now, objective historians will regard Reagan as one of the worst presidents this country had in the 20th century from a domestic perspective. It's arguable that his only lasting successes were in the areas of foreign policy, but even then it's just arguable.

and the WORST part is, the republicans in congress make Reagan look reasonable

[badger6]

That's your definition and semantics on top of that.  It really doesn't matter what term you use to call a business with 51 or even 500 people if the expenses are more than the owner is able or even willing to lose. 

Not sure how true they are, but I have read reports that a good percentage of companies will drop all insurance and just pay the $2000 per employee penalty.

[CF DolFan]

I actually blame this most recent recession on Reagan, his deregulation of the banking industry is what started us on the path to this mess.

That falls on our buddy Bill Clinton and yes I voted for him both times. He revised the CRA requiring banks to meet quotas for giving loans to low income people. He also increased the punishment for not doing so which forced banks to give out many unwarranted loans. My wife is a mortgage underwriter and this was big news when it happened in the business. The mortgage collapse is what got us to where we are today.

His undying support for subprime lending created a wild race under Fannie and Freddie that we have yet to dig out of.

[Fau Teixeira]

Not sure how true they are, but I have read reports that a good percentage of companies will drop all insurance and just pay the $2000 per employee penalty.

do you have a reference for these reports, or is this echo-chamber echoing ?

[CF DolFan]

echo-chamber echoing ?

I just love when people get a hold of a buzz word.

[Buddhagirl]

Not sure how true they are, but I have read reports that a good percentage of companies will drop all insurance and just pay the $2000 per employee penalty.

I would love a link to some of these reports.

[badger6]

Seems like math 101 to me. $2000 penalty per employee VS health insurance contribution. Which one you thinks saves money ?

do you have a reference for these reports, or is this echo-chamber echoing ?

I would love a link to some of these reports.

Really ? Sarcastic much ? Like I need to fucking lie about it. Been a few weeks since I read it but I have found a few articles for you. Anyhow, you libtards are the ones always complaining about the "sinister" free market and the "evil" companies and corporations. Do you really put it past a company to put their own financial interests in front of its employees well being ?


http://money.cnn.com/2012/07/24/pf/health-coverage-employers/index.htm

http://www.washingtontimes.com/blog/inside-politics/2012/jul/24/nearly-one-10-employers-drop-health-coverage/

http://www.utsandiego.com/news/2012/jul/07/econometer-will-companies-drop-health-coverage-wak/

http://online.wsj.com/article/SB10000872396390443437504577545770682810842.html

http://www.forbes.com/sites/aroy/2012/05/01/fortune-100-survey-employers-could-save-422-billion-by-dropping-health-coverage/