Bissett Produce, in North Carolina, bankrupt. The company was started in 1933, marketing mainly sweet potatoes. Company officials blame declining revenues and increased debt. 40 to 100 employees affected.
Another video game company lays off employees. Activision laid off 30 people in California. Because of the bad economy company officials plan on releasing fewer games this year. And reports that Nanosolar laid off 75% of its employees in San Jose. Company officials would only say “…the company is in a quiet period and will not be issuing any formal statements.”
Powell Steel, in Pennsylvania, bankrupt. Company officials blame declining revenues and increased debt. They say they’re $6 million USD in debt. 75 employees affected. Also, TE Connectivity laid off up to 80 employees. They plan on laying off up to 200 employees in the next few months! Company officials blame a decline in demand for electronics. The city of Jeanette forced to layoff employees. The city is facing a budget shortfall of half a million dollars, and a court ordered settlement of $200000 after they dissed a resident over permits and taxes.
NewPage paper mill, in Wisconsin, laid off 300 people! Company officials blame the bad economy for a decline in demand for paper. And Bergmann Pharmacy, in Middleton, closed down. A store manager said “Insurance reimbursements continue to decrease, and it’s become difficult to stay profitable with decreased reimbursements.” (blame Obama/Romney Care)
Revel Casino, in New Jersey, threatening bankruptcy. The casino has been open for less than 12 months. It cost $2.4 billion to build ($300 million from state taxpayers!). Reports say the casino ended last year with a loss, and is at least $1.5 billion in debt. Some blame Hurricane Sandy, but the casino is also facing lawsuits.
In Florida, Perry Hotel lays off 138 employees. Company officials say it’s due to major remodeling of the hotel. STK Miami Service, which runs a restaurant in the hotel, laid off 84 employees. And after 20 years the Georgio’s restaurant closing down in Tallahassee. The restaurant owner blamed the closing on the property owner.
In Tennessee, LifePoint hospitals warned of layoffs for its 29000 employees country wide! LifePoint also revised its expected 2013 earnings downward.
In New York, Lakeside Hospital laying off at least 120 employees! The hospital is being restructured. U.S. based military contractor, Dyncorp, laying off 150 people at Fort Drum! The company is consolidating operations. And Kayex Crystal Growing Technologies factory, in Rochester, closing down in May. 65 employees affected. Company officials say the solar power market is crashing.
Another military contractor, General Dynamics, laid off 29 workers at a munitions factory in Ohio. Also, Boardman’s Ice Zone ice rink closing down in May, due to lack of profits.
General Electric laying off 500 people at their Appliance Park in Kentucky! GE blames the bad economy for a decline in refrigerator sales.
In Michigan, Demmer laid off 90 employees. Company officials blamed a slowdown in orders from the defense industry, oil/gas industry and commercial heavy fabrication. Old Navy closing a clothing store in Benton Harbor. In Jackson, the Granary restaurant closed down.
In Buckhead, Georgia, Lenox Square Grill closed down.
The Blue Wasabi Sushi & Martini Bar closed in the Hilton Village, in Arizona.
In Colorado, after 25 years Loveland’s Anthology Book store closed down. The owners said sales sucked: “You can’t run a bookstore if you’re not selling books.”-Stephanie Stauder
Another book store closing, in Indiana. Mudsock Books & Curiosity Shoppe closed because the economy sucks: “The money has flowed in the wrong direction for almost five years. We couldn’t seem to get the volume we needed, and never even broke even.”-Cindy Rushton
Also in Indiana, Bonnie & Clyde’s Soda Shop closed down. The owner was trying to purchase the building he was operating out of, but the deal fell through, and he said it wasn’t worth it to keep paying the rent.
In New Hampshire, Portsmouth’s Upper Crust pizza place out-o-business.
Germany company BASF, shutting down its Henderson, Nebraska, operation. BASF is also ending operations in Iowa, Illinois and Minnesota. The problem is the BASF plants were making a specific product that BASF was unable to find a marketing partner to sell them.
In Minnesota, the Saint Rose Christian school closing down. The school’s pastor blamed it on declining enrollment and lack of funding from the church.
In Kansas, Zales Jewelers closed down in the Hutchison Mall. No reason given. Zales is based in Kansas.
Blockbuster video store revealed it will close at least 20 stores in Texas.
Alaska Communications ending operations in Fairbanks, although company officials claim they won’t layoff any employees.