Incomplete list of U.S. job loss announcements and shutdowns.
What housing market recovery? “…not only did we see
dishonest lending at the origination stage and then dishonest
securitization where the investors were defrauded and told that the loans were of good quality when they actually weren`t, but we saw dishonesty in terms of breaking the transfer process and the chain of title that goes from entity to the other, and when individuals were foreclosed on, they were done so with false documents which was a cover-up… …..the evidence that was used for the foreclosing entity to prove that they actually owned the loan and had an interest in it was faulty. It was fabricated. It was forged….. …this is still going on today…. ….the lender is supposed to make a promise that they`ve underwritten the loan and seen that the borrower has the ability to pay. …..A lot of these defaults were servicer driven where you had loans that were 2 cents short and put into default….people getting foreclosure notices when they paid cash on their homes! There was a serious breakdown in the system of property records law which is 150 years older than the Constitution!”-David Dayen, interviewed on Nightly Business Report
Alaska: The University of Alaska continues with cutbacks, nine programs halted and 209 jobs eliminated due to $19-million USD in state funding cuts for the 2016-17 school year!
California: More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech competition for your demise; San Jose based electronic payments company VeriFone Systems reports a surprise decline in revenue and will layoff an undisclosed number of people, blaming it on “difficult market dynamics”. In the Los Angeles area, Gardens Regional Hospital now chapter 11 bankrupt busted, attorneys for the hospital blame ObamaCare. Due to ObamaCare’s efforts to direct people away from hospitals and Obamacare’s massive insurance reimbursement cuts, Gardens Regional Hospital is in debt by $26-million USD and hasn’t paid rent since April! At least 322 jobs threatened!
Colorado: In Longmont, consignment shop Serendipity shutting down at the end of the month due to “…a steady decline over the past two years” in sales after the landlord put up a For Lease sign: “People thought I was closing. It scared away business.”-Vicky Boone
Connecticut: In Litchfield, after 30 years Robertson Jewelers shutting down by the end of the month due to declining sales.
Georgia: In Atlanta, O4W Pizza shutting down their Irwin Street location due to finding a better location.
Illinois: Despite surviving The Great Depression and numerous recessions, Schwartz’s Intimate Apparel shutting down: “Business is changing and we either adapt again and change the way we do things. Or we can say, ‘It’s been a wonderful run. Thank you for 100 years’.”-Ben Schwartz
Aurora Public Library eliminating a total of 31 jobs due to being in the hole by as much as $2-million USD. The library system will also reduce operating hours and shutdown their Express Center: “… if you don’t use it, you lose it! The numbers don’t lie.”-Tina Bohman, 1st Ward Alderman
Minnesota: In Northfield, after one and a half years comic book shop The Quill & Blade shutting down in July. The owner originally planned to shutdown just six months after opening, blaming his lack of business experience. He decided it was more fun reading comics than trying to sell them.
New Jersey: In Hackensack, after 22 years Gold Ray Jewelers shutting down by the end of the month, due to the landlord refusing to renew their lease.
New York: Elitist retailer Ralph Lauren shutting down 50 stores and eliminating 1-thousand jobs due to crashing sales! Ralph Lauren revealed there is no economic recovery saying its sales have crashed for the past three years, and needs to cut costs by $220-million USD, just for next year!
Pennsylvania: It’s been revealed that the Presbyterian/Agnostic Warren Buffett owned Kraft-Heinz Tassimo coffee shutdown will kill off 341 jobs by Xmas! (KRAFT HEINZ GETS TAXPAYER FUNDING TO KILL JOBS!) Chemical company Koppers issued a shutdown WARN for their Clairton factory, 46 jobs gone by August due to the crashing aluminum industry. Victor Paving and Construction fined $115-thousand USD for failing to pay employees for overtime worked during the past three years! The U.S. Department of Labor says company administrators actually ‘doctored’ employees’ pay records to make it look like they did not work overtime.
South Carolina: Holly Springs Elementary and A.R. Lewis Elementary shutting down as Pickens County School District consolidates operations due to a lack of “millions of dollars”.
Tennessee: Japan based Fujifilm shutting down their Hunt Chemicals factory in Dayton, 84 jobs lost. Like most corporations Fujifilm-Hunt is being consolidated.
Vermont: Coffee products maker Keurig still in trouble, now 108 people being laid off as production of Keurig Kold is shutdown! It’s blamed on non-stop crashing sales.
Washington: More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech competition for your demise; Seattle based Amazon will invest $3-billion USD in creating new jobs, but not here in the United States, the money is going to India! By the way, that’s on top of the $2-billion Amazon has already pumped into India!
Wisconsin: After 34 years JR’s Waupaca True Value Hardware shutting down after failed attempts to sell it. The current owner blames family health problems and the fact he’s tired of working 67 hours per week (owners of businesses don’t get paid overtime). In Madison, restaurant AJ Bombers shutting down saying it wasn’t worth it to renew the lease.
Wyoming: Wyoming Medical Center suddenly laid off 58 employees, blaming the state’s failed version of ObamaCare. 57 vacant positions have been shutdown and work hours for employees cutback. Administrators say they’re experiencing an increase in patient volume but at the same time a massive decrease in government and private insurance reimbursements.
WARN=Worker Adjustment & Retraining Notification.
I found a 2010 AFL-CIO analysis (titled The Public Availability of WARN Notices: Lack of Accessibility and Disclosure…) which proves what I’ve been suspecting in my search of state WARN notices; most states are not complying with federal WARN regulations and are not publicizing or tracking mass layoffs.
Former employees who receive severance are not counted as unemployed!
Employees of religious non-profits might not qualify for unemployment assistance: “If the non-profit organization is a church, you may or may not be entitled to unemployment. It all depends upon state regulations for church employers. In many cases, churches are allowed to set their own rules regarding unemployment benefits, meaning the church can choose whether to offer benefits to former employees.”
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”