Despite all those print media companies blaming the internet for their demise, an internet news media source is now bankrupt. New York based Main Street Connect, which operates “hyperlocal” news websites, blames it on debts that are double their assets, and two lawsuits by former employees claiming the company violated federal labor laws. Back in March, Main Street Connect shut down all its Massachusetts websites and laid off 45 employees. And a New York based internet wine seller laid off another 11 employees. Lot18 now has 36 employees, last year they had 100. It turns out that shipping wine from internet or mail order sales is actually expensive.
Publisher of print and digital learning services, Cengage Learning, warned of a coming bankruptcy after a 22% drop in revenues: “….There can be no assurance that any of our attempts to refinance our indebtedness will be successful…..any of the forgoing alternatives may individually, or in aggregate, have material adverse effects on our business and therefore raises substantial doubt about the Company’s ability to continue as a going concern…”
The Northport-East Northport School District, in New York wants to layoff off 18 teachers. It’s blamed on an expected loss of 189 students for the upcoming school year!
The school districts of Trumbull and Shelton, in Connecticut, canceled their contracted First Student bus service contracts. 170 bus drivers unemployed!
In New Jersey, Deptford Township Schools laid off 11 employees. It’s blamed on declining student enrollment. In Bernardsville, BaseCamp Adventure Outfitters shut down. The owners said they can not compete with internet stores.
In Michigan, the Howell Public Schools laid off 21 employees. Pontiac School District officials warning of “massive” layoffs. The Goodrich School District will layoff teachers, staff, outsource bus drivers, eliminate assistant principals, outsource athletic directors, eliminate bus stops and outsource secretaries. The Flint School District laying off 138 teachers now, and 150 more over the next three years! After laying off 127 employees last year, the Saginaw School District wants to layoff 150 more this year! Marshall High School shut down in Albion. Ypsilanti and Willow Run consolidating their school districts, rendering 200 employees jobless! Wealthier Ann Arbor Public Schools laying off 70 employees. Inkster Public Schools laid off all their teachers!!! The entire Buena Vista School District ceased to exist!!! The people of Michigan have pointed out that NAZIistic right to work you over state officials are refusing to use the hundreds of millions of U.S. dollars in emergency school funds to stop the wholesale destruction of public schools, while unAmerican corporate America continue to get massive state tax breaks! To make things worse, Hemlock Semiconductor laid off 50 employees at its Thomas Township factory. It’s blamed on the solar power polysilicon industry crash caused by Obama. And New York based Pall Corporation closing its Ann Arbor Pall Life Sciences operations. 71 employees affected. It might have something to do with its new office in Kingdom of Saudi Arabia. The city of Ann Arbor now suing Pall Corporation, saying the company contaminated the local water supply with dioxane (locally known as the Unit E Plume).
In Missouri, Chartwells Dining Services lost their contract with the Saint Louis Public Schools. 217 people out-o-work! And Liberty Hospital laid off 129 employees! Hospital officials say they are prepping for Obama’s Affordable Care Act that will reduce Medicare/Medicaid payments to hospitals when it takes effect in January 2014.
The merger of U.S. Analogic with Canadian Ultrasonix Medical will result in 140 people losing their jobs in Colorado and Vancouver!
In California, Dignity Health laying off 150 employees in Sacramento, and 300 in Stockton! It’s due to the sale of their lab services to a New Jersey company. And California based Agilient Technologies laying off 450 people! The company makes medical testing equipment, and has been busy taking over European companies. Video game maker, Gree, laid off 30 people in San Francisco. Company officials say it’s part of their plans to move to the next gen of social media games.
The labs of Astellas’ OSI Pharmaceuticals subsidiary at the Broad Hollow Business Park in Farmingdale, New York, and of the Perseid Therapeutics subsidiary in Redwood City, California, will be closed. At least 200 jobs lost to the company’s new Tsukuba Research Center in Japan!
Liberty Medical Supply, in Florida, laying off 211 employees! Liberty Medical already laid off 260 employees in January, then went bankrupt in February! Local employment services have been asked to help as more layoffs are planned.
The Pfizer operations in Bristol, Tennessee, laid off 25 employees. It’s blamed on the second recall of their drug Levoxy.
In Texas, Galt Medical shutting down their Garland factory over the next two years. 139 people unemployed! Galt specializes in medical devices, which are going to be hit with a massive tax under the Obama/Romney Affordable Health Care Act! And electrical power company, AES NA Central, shut down its Woodlands office. 59 Texans laid off.
In Indiana, a new company that hoped to help people with disabilities, is already out-o-business. Warner Transitional Services shut down and laid off 112 people! Company officials said the state Family and Social Services Administration would not approve their operations.
In Pennsylvania, the Schuylkill County Housing Authority laid off six employees. The Pottsville Housing Authority laid off one employee. It’s blamed on reduced funding. University City’s Tria Wine Room closed down. The owner said business wasn’t good enough.
The Eddie Bauer store closed in the Bayshore Town Center, Wisconsin. And Ruhama’s Yarn and Needlepoint shut down after 52 years of business. The owner wanted to retire years ago, but was trying to sell the store. She finally gave up.
In Arlington, Massachusetts, the Holovak & Coughlin Sporting Goods shut down after 49 years in business. The family owners say the economy is too bad for retail sales, they will switch to other types of sales.
Schreiber Foods shutting down their Gainesville, Georgia, factory. 250 employees affected! Company officials blame “competition”.