Just one day after announcing 300 layoffs in California, Washington based (HQ now in Illinois) Boeing announced that 1700 engineering jobs will be eliminated by the end of the year! This affects Boeing’s Commercial Airplane unit. Boeing officials also revealed that they’ve laid off 700 people in other positions since October 2012, and that “…we will continue that effort.”
Cessna Aircraft has warned union employees in Kansas, that some of them will be out-o-work soon. Company officials blamed the bad economy: “Cessna continues to operate within a challenging economic environment and is experiencing a slower-than-expected recovery….” The QuikTrip store in the Sprint Center closed down.
The Asada restaurant in Laguna Beach, California, went bankrupt. The company said the restaurant will stay open, the bankruptcy is to “preserve the business”. The restaurant owes debts, wages and back rent. The rent is $21630 per month. In Modesto, the Memorial Medical Center laid off 39 office employees. The hospital has consolidated its administrative operations. In San Jose, two Bay Area Family Fitness centers shut down. They had opened just 18 months prior!
IBM (International Business Machines, a U.S. company that got its start cataloging concentration camp victims for the NAZIs) warned of major layoffs. Company officials blame their crashing sales on the bad economy.
In Pennsylvania, the Philadelphia School District is warning of massive job and program cuts, because it is short $304 million for the 2014 school year!
In New Hampshire, The Telegraph laid off about 24 employees, right before the newspaper was taken over by The Ogden Newspapers.
Too Big to Jail, Ohio’s KeyCorp (KeyBank) will increase layoffs and close at least 30 branches around the U.S. In Youngstown, Cafe Cimmento closed down. The owner said his son left the Cafe for a better paying job. 7-Eleven closed three stores near Ohio State University.
In Cave Junction, Oregon, Rough & Ready Lumber closed down. The owners of the saw mill blame a lack of logs coming from federal forests.
The Newsland store in Westminster, Colorado, shut down. It’s the owner’s fifth and final Newsland store. He started the magazine/book stands 28 years ago. He blames electronic devices.
In Michigan, Why Not Costumes shut down after 26 years of business. The owner blames the bad economy. She’s put the business and her home up for sale.
The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.