Goodyear tire maker recently bought out the contracts of 200 employees at its Fayetteville, North Carolina factory. Now Goodyear wants to layoff 41 people at its Danville, Virginia factory. The Danville factory makes commercial truck tires, and company officials say the bad economy has reduced demand for the big truck tires.
In Ohio, one of Mitt Romney’s claim to fame, a Staples office supply store will shut down in Bellefontaine. It’s part of the company’s plans to downsize its operations.
Fairview Clinics-Chaska, in Minnesota, closing down and moving to a new location. They blame it on a drastic reduction in customers seeking health care.
As part of their plans to cut back worldwide, Canada’s Cirque du Soleil ended its Iris show in Los Angeles, California. 100 people out-o-work!
The U.S. Army and Air Force Exchange Service (AAFES) is shutting down half of its movie theaters at U.S. military bases around the world. The reason is that the AAFES movie theaters never upgraded to the latest projection technologies, and now the cost to upgrade is not justified by amount of business the theaters get. 100s of jobs will be lost. AAFES is upgrading the other half of its theaters (about 60).
Just a few days after announcing the closing of two Pennsylvania, Bottom Dollar food stores, three more closings were announced. One each in North Wales, Chalfont and near Reading.
Computer repair shop in Burlington, North Carolina, out-o-business. No reason was given for the TechVets demise.
Another Christian school goin’ down! The Our Lady of Fatima School in New Castle, Delaware, being consolidated with All Saints Catholic School in Millcreek. School officials blame declining enrollment.
South Dakota’s LodgeNet Interactive (hotel movie service provider) now bankrupt after making deal with California’s Colony Capital.
Nonprofit Baltimore Behavioral Health goes bankrupt because of $5 million in debt. However, in 2010 an investigative reporter discovered that the nonprofit was overcharging Medicaid, with the excess payments going to the family that controlled the mental health service (you see it’s not the people who need the help that’re ripping off social programs, it’s the service providers). By the middle of 2012 all the family members were removed from the board of directors. Also, in 2011 Bank of America sued saying the clinic was not making the payments (default) on a $2.5 million worth of loans. The result is that the people who need the help are not going to get it.
In Iowa, the G&R Feed and Grain went bankrupt.
The maker of a new blood test that identifies anti-biotic resistant staph now bankrupt. Colorado’s MicroPhage claims to have too much debt, yet SEC filings show the company just made a deal with the biggest medical distributor in the country, to distribute its new staph test. Also, the filings revealed a $6 million investment from a single investor.