Incomplete list of publicly announced layoffs & shutdowns:
It has been confirmed that the publisher of many automotive magazines (Motor Trend, Hot Rod, Camaro Performers, GM Hi-Tech, Super Chevy, Import Tuner, Honda Tuning, Super Street, etc), Source Interlink, killed more than 5-thousand jobs at the end of May! Those jobs were in California, Florida and Michigan. The parent company, Source Home Entertainment, is now chapter 11 bankrupt busted! Officials with the publisher-distributor blame e-books and “the continuing overhang of the economic downturn” creating a “difficult operating environment”. Company officials also admitted that hundreds of each magazine issue has had to be destroyed at additional costs, because nobody is buying them! 20 years ago there were about 400 magazine wholesalers in the U.S., with the demise of Source Interlink there are now only two!
California: In Palo Alto, California Pizza Kitchen announced it will shutdown in August, 52 jobs lost. In Universal City, NBC Universal announced they will kill 113 jobs in August! What housing market recovery? In Livermore, roof truss maker MiTek announced they will shutdown in September, 28 jobs lost.
Florida: In Pompano Beach, after 73 years Carl’s Furniture shutdown its last three retail outlets. At one point Carl’s had 27 stores in Florida and California, with 600 employees: “Our stores never recovered from the 2008 recession back to a profitable level.”– Jeff Baker, owner
Kansas: In Kansas City, after 58 years Lipari Brothers Thriftway grocery store shutdown. They blame competition from bigger grocery stores.
Massachusetts: Medical device maker Invivo Therapeutics announced they will kill about 1/3 of their jobs.
Nevada: In Las Vegas, after only four years the West Sahara Firefly Tapas and Kitchen Bar shutdown.
New Jersey: Obama Care medical device tax forces another medical device maker to Mexico. In Totowa, California based CareFusion announced it is killing 390 jobs and moving disposable respiratory products production to Mexico!
New York: NYC based Avon Products killing 600 jobs! That’s on top of the 1-thousand job cuts announced at the end of 2013! It’s blamed on the steady decline in sales. In Syracuse, TV station WCNY laid off seven employees. The layoffs come after the PBS affiliate moved to a bigger building. Hypocritically the management said the layoffs were their way of being “fiscally responsible”. After spending $23-thousand dollars to find out why the Guilderland schools are losing students, the shutdown of Altamont Elementary School is now being discussed. The study not only confirmed that students have been disappearing since 2008, but predicts the disappearance of students will continue for the next ten years. The study blamed “Declining community population”, “Declining job market” and “underemployment”, “44% less growth in property values”, as well as blaming the federal government for “Unfunded mandates” and Obama Care for “Increasing health insurance and employee pension costs”! New York based national retail consulting and investment banking firm, Davidowitz & Associates, said there is no gott damned recovery: “More people are not looking for jobs than have gotten jobs, and the jobs that are available are part time jobs.”-Howard Davidowitz
North Carolina: In Winston-Salem, after 24 years Erickson’s Hush Puppies shoe store shutdown. The owners blamed it on crashing sales.
Oregon: Roseburg based Umpqua Bank announced it is shutting down 27 offices across Oregon, Washington and California! It’s blamed on their merger with Sterling Financial. Bank officials warned more shutdowns are planned for 2015!
Virginia: In Fredericksburg, after 32 years C.I.S. Sportswear shutdown.
West Virginia: Six of the state’s 10 Aging and Disability Resource Centers shutting down! Ass-hole politicians said the old folks homes were not “efficient”.
20 – 21 June 2014: 9000+ newly unemployed in California!
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