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- Eddy’s Bakery in Chubbuck, Idaho, was closed up and cleared out so fast that you’d think Hostess had been planning it for a long time.
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- The main cruise spot for classic & custom cars in Chubbuck, 1950s themed Johnny B Goode’s now up for sale. The bad economy had taken its toll as evidenced by declining food quality and cleanliness (people still liked the shakes & malts).
25 January 2013
Toy and game maker Hasbro announced 550 layoffs! Company officials blame weaker than expected holiday sales at the end of 2012 (gee, remember the main stream media talking up how good sales were?). Hasbro says retail stores have drastically cut back on orders.
Abrasives maker, Glit/Microtron, will shut down its Wrens, Georgia operation. 120 people out-o-work! Company officials claim that no matter what they did, and no matter how the local community tried to help, the 35 year old factory never “made” money!
Abercrombie and Fitch clothing store in the Augusta Mall, Georgia, closed down.
In Plymouth, Indiana, Whitley Products shut down operations and laid off 110 people, without notice!!! Company officials ignored local media inquiries. It appears the company went under and is now being liquidated.
Medical records manager, Athenahealth, laying off 36 people in Birmingham, Alabama. No reason was made public.
In New York, Clifton Springs Hospital & Clinic laying off 58 people: “Like many hospitals across the State of New York, Clifton Springs Hospital & Clinic is preparing for the Affordable Care Act.”-Lewis Zulick, President & CEO of the hospital
In Fresno, California, Saint Agnes Medical Center laying off 75 employees. Hospital officials said it was necessary to stay within operating costs.
The California based maker of PlayStation’s All-Stars Battle Royale, SuperBot, laid off 20 employees. That’s according to a game designer.
Another California based video game maker is dead altogether. THQ is being liquidated. Not only is about 100 people out-o-work, but they won’t be getting final pay either (I’ve experienced that, the wonders of bankruptcy for companies)!
UBM Tech, a division of UBM (formerly known as United Business Media), laid off several vice presidents. UBM first started in 1918 as United Newspapers. A company statement revealed that the layoffs were in anticipation of a declining economy: “This was about re-aligning resources with market opportunity and planning for the coming year.”
Based in New York City, and in London, England, Group Commerce laid off 31 employees.
Ongoing construction is being blamed for the demise of Gio’s Cafe and New York Deli, in Dallas, Texas: “This construction just did us in. The guys who fund this place aren’t restaurant guys and they are tired of funneling money in.”-Mark Walls, manager
Rumors that Vermont Law School will shut down. The school already laid off two people, and bought out the contracts of ten others. A new report revealed that only 48.3% of its 2012 graduates found full time/long term work. Who wants to shell out $43,500 USD per year (!) to attend the law school, only to end up unemployed!
In Tennessee, the Catholic Church is closing down its Bishop Byrne High School in Whitehaven. Church officials blame declining enrollment.
A Gainesville, Florida, women’s shelter closing down. Officials with the 30 year old non-profit Arbor House say that since 2010 their funding has crashed. Catholic Charities took over operations in 2012, but has decided to shut it down.
The Stir Crazy Fresh Asian Grill restaurant chain now bankrupt. The company claims it has $10 million in assets, but $50 million in debts.
In Ohio, the Parker Hannifin foundry in Youngstown shutting down. 63 people unemployed. Work is being moved to other foundries.
A Talbots clothing store shut down in Connecticut. Reports say the property owner wants to split it into three smaller stores.
Nassau’s Furniture closing another store in Connecticut. This time it’s their store in Avon. They closed a store in 2012, and now have only one location in the Constitution State.
In Hopkins, Minnesota, a Boston Gardens restaurant closed down. After 30 years of operations, the location will now become a pizza joint.
As I’ve reported in my Sears/Kmart updates, a Irmo, South Carolina, Kmart will close down.
In Oregon, Pepsi is shutting down its Salem warehouse. This is another example of corporate America getting ready for even more bad economic times: “This difficult decision was not made lightly and was necessary for the long-term health of our business.”
In Arizona, investment firm GenSpring Family Offices (owned by parent SunTrust Bank in Florida), closing its Phoenix location. Most of their clients are wealthy elites (“…high and ultra-high net worth clients”). Just a few days ago they lost their battle against a lawsuit, and it will cost them $4.3 million! As I’ve said before; no pity for investment firms. The lawsuit said GenSpring was flat out lying to its rich customers: “Prior to the 2008 financial crisis, GenSpring represented the hedge funds as a ‘substitute for bonds,’ claiming that they had the same risk as bonds but with higher returns….it appears that this was a systemic approach that GenSpring used with virtually all of its clients as a means of attracting business….”-Ed Dovin, securities attorney
Jim Beam closing down vodka and rum factory in Maine, moving it to Kentucky. 160 jobs lost for Maine!
In Scottsdale, Arizona, the only alcohol filled ice cream parlor, Lee’s Cream Liqueur, shut down. The owner is going wholesale only, contracting with a California company to make the ID required ice cream.