Lyon Workspace Products (LWP) of Illinois goes bankrupt. The company also gave a WARN notice that it could layoff more than 400 employees! Company officials say they are trying to sell the business. LWP has been making sheet metal products since 1901.
1200 jobs lost in Illinois according to announcements by several companies! Those companies are Kmart, Walgreens, Sun-Times Media, already mentioned Lyon Workspace Products, Best Buy, Georgia-Pacific Corrugated, Kroger and Cardinal Health.
Also in Illinois, Jewel grocery will close three Chicago area stores. The parent company, SUPERVALU is selling Jewel off to Cerberus Capital (an evil Romneyite vulture capitalist operation).
Delhaize America continues to slash and burn grocery store jobs across the country. This time a North Carolina TV station interviewed an unnamed source at Food Lion. They said Delhaize America is planning on eliminating another 500 jobs!
In Florida, North Carolina based Duke Energy strikes again, this time closing down a nuclear power plant. The Crystal River 3 Nuclear Plant has actually been shut down after botched repairs were made in 2009. Don’t worry, people will be employed for the next 60 years in order to totally close down the nuclear disaster site. Oh, you didn’t know about that nuke disaster? In 2009 a crack was found in a containment dome (for how long was it there before being found?), and federal investigators say it was caused by employees. Attempted repairs were unsuccessful.
Frontier Airlines to layoff 700 employees! A Florida TV station said a company rep told them that 700 jobs will be outsourced.
Also in Florida, Universal Health Care Group now bankrupt. Two of the company’s subdivisions are in receivership. Recently New Jersey based health insurer, Care Point, won an auction to take over Universal Health. The $33.25 million USD take over bid must be approved by state regulators. Universal Health Care has been accused of financial fraud by the Florida Insurance Commissioner, and even state regulators in Ohio and Georgia expressed concern over the company’s seemingly intentional financial mismanagement. The company employes at least a thousand people across the country.
In Kentucky, the Knox County Hospital closing down its Long Term Care Facility. Officials say it is losing more than one million dollars per year! Also, in Wurtland SunChemical Performance Pigments closing down. 30 jobs lost. Company officials gave no explanation or warning: “This kind of blindsided us. They never asked us to do anything and I never had any indication they were having problems.”-Bobby Carpenter, Greenup County Judge-Executive
The Home Eco store in Saint Louis, Missouri, closed down. The owners started the “sustainable home building supplies” store in 2005, but said now that the big national chain stores are carrying the same products they can no longer compete.
As I’ve reported before, the Heinz frozen food factory in Pocatello, Idaho, ending production of T.G.I. Friday’s frozen entrees. 80 jobs lost. Shortly afterwards Warren Buffett announced he was investing big into Heinz. Investors from Brazil, known as 3G Capital, joined Buffett in the Heinz take over because they also own Burger King, which uses a lot of Heinz ketchup. 3G Capital is known for “cutting up” companies (typical Romneyite vulture capitalists) so it’s expected Heinz will layoff more people. Also, there are now reports of an inside trader investigation.
Heinz Frozen Food factory, Pocatello, Idaho. Ending production of T.G.I. Friday's frozen meals, switching to frozen snacks.
The movie and animation studio DreamWorks continues to layoff animation employees. This is due to losing money on its most recent animation movies.
In Fresno, California, the elitist Downtown Club is going down. After 50 years the club for wealthy members only closed down. Club owners blamed it on declining membership and increasing costs of operations. They admitted that for the past 20 years they’ve been debt financing operations.
In El Paso, Texas, an icon in U.S. vacuum cleaner history, Hoover laying off 151 people! Hoover is actually owned by a Hong Kong based company called TTI. The El Paso factory makes parts for assembly in Mexico. TTI officials said they are not moving jobs to Mexico, so it appears the company is simply reducing production.
In Virginia, the Alleghany County School board said they might be forced to close three elementary schools. They blame declining student enrollment, saying their schools are averaging only 54% capacity. Also, the Norfolk Public Schools will have 108 jobs cut! School officials say they’re $18 million short: “We have been cut to the bone. And when you are unable to stop the bleeding, the cuts just get closer and closer to the classroom.”-Kirk Houston, school board chairman
In Michigan, the Grand Rapids Public Schools is laying off almost 200 employees, and closing ten schools!!! Officials said they need to save $4.4 million.
Lockheed Martin is trying to buyout mid-level managers. Lockheed is trying to cut 350 positions, and said it has nothing to do with the federal sequestration spending cuts: “The reduction in force is designed to best position the business to remain competitive and operationally efficient, providing the most affordable solutions to our customers.”-Keith Mordoff