Incomplete list of announced closings and layoffs:
What housing market recovery? Too Big to Jail Wells Fargo bank is warning that they will probably layoff 18-hundred more employees! Bank officials blame it on crashing demand for home loans.
Another video game/computer graphics maker going down? Machinima laid off 22 employees. Company officials said layoffs were necessary for their “growth”.
California: In Bakersfield, after 20 years the Baskin-Robbins ice cream store shut down. The store owner blames the property owner (who is also a property developer), who refused to offer a new lease to the ice cream seller. In Long Beach, tax sucker Boeing announced they will shut down their last major assembly factory in California by 2015. Boeing ended production of expensive C-17 military transport aircraft. In Escondido, Palomar Health laid off another 35 employees. At the beginning of September Palomar Health laid off 122 employees in Escondido!
Connecticut: In Windsor, tax sucker Westinghouse shutting down their nuclear fuel parts factory in 2014. 66 jobs will be lost.
Iowa: The last Kmart store in Cedar Rapids will be closed down.
Maine: In Cape Elizabeth, Too Big to Jail KeyBank shut down the town’s last bank! It’s part of a nationwide banking industry consolidation (contraction) of operations.
Massachusetts: Global medical device maker, Coviden, announced they are being forced to restructure to meet the Obama Care law, meaning massive layoffs due to shutting down medical device factories. Obama Care created a new tax on medical device companies, many have decided to end operations rather than pay the tax.
Michigan: In Novi, a Blockbuster video store shut down. It’s part of plans to shut down all Blockbuster stores. In Wyoming, after 62 years in business, Leatherman Hardware shut down. The family owners blame an ever worsening economy: “It seemed like our piece of the pie got smaller and smaller each year. The city has changed so much over the years, and things just kept getting harder and harder.”-Dave Leatherman junior
Montana: In butte, Netflix shut down its DVD distribution center. It’s blamed on crashing sales.
North Carolina: Seven BI-LO stores shut down! It’s blamed on the takeover by a company called Publix.
Ohio: In Jackson, Masco Cabinetry will close its Merillat factory. 200 jobs lost! Local news reports say the company gave no reason.
Oklahoma: In Tulsa, union workers were told by American Airlines that as many as 400 could lose their jobs! It’s blamed on the merger with USAirways.
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.
“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013