According to industry analyst Challenger, Gray & Christmas, 2015 will be the worst year for mass layoffs since 2009! They blame the petroleum industry.
Arizona: American Meat Company shutting down their 62 years old Tucson store after Xmas. Administrators blamed a “combination” of issues. Sierrita Mining shutting down in 2016. Conflicting news reports say between 450 and 1-thousand jobs lost! They blame crashing and burning copper prices, but hope there’s a price rebound by 2018.
California: More proof you Brick-n-Mortar ops can’t blame the internet for your problems; it’s been revealed that Palo Alto based internet advertising company PubMatic eliminated 150 jobs since October! Administrators blame crashing ad sales, in fact they admitted they lost “90% of our revenue”! More mass layoffs for San Jose based networking computer maker Cisco. An unnamed inside source revealed to FierceEnterpriseCommunications that Cisco laid off an additional 120 people last week! In El Paseo, after 30 years DeLuca Jewelers shutdown due to the death of both owners in 2014. None of the heirs thought it was worth it to continue the business.
Florida: In Gainesville, Swift Cycle shutting down on Xmas Eve. The owner said he’s moving out west, hoping to work in the residential construction industry.
Georgia: In Jonesboro, after 68 years Dean’s Barbeque shutting down after Xmas due to skyrocketing pig meat prices and a family feud. In Columbus, after 20 years a Hallmark gift store shutting down as soon as everything is sold.
Idaho: Kevin Settles, the owner of three successful Bardenay restaurant and distillery operations, decided to exodus The Gem State with his fourth op. Why? “I would like to operate in a state that doesn’t have a state control system. I have three licenses in three areas and even then it isn’t a stable investment. There is always the chance you lose it to a violation and then who knows when you will get another.” Gee, and our exalted ‘conservative’ republican ‘lawmakers’ have always led us to believe they’re against such state controls. Settles is moving to Colorado. In Ammon, the optimistic city leaders went running to the local news media with “the biggest booming” business news ever! They’re getting a Kneaders cafe, Popeyes chicken (there’s already at least one nearby in next door Idaho Falls) and a Rita’s Custard and Ice. Yep, the same ol same ol, service sector jobs that are totally reliant on manufacturing sector jobs, which they don’t got.
Illinois: Hagel Metal Fabrication shutdown last week, without warning, 80 jobs lost. No explanation was given, state regulators investigating.
Indiana: In Bloomington, after 12 years award winning Restaurant Tallent shutting down, the owner wants more time with his family. Clothier Gap shutting down their Eastland Mall store in January 2016. In the Circle Centre Mall, Gap and GapKids shutting down in January. Also, the American Greetings gift store shutting down, no date given.
Maine: Clothier Gap shutting down their Maine Mall store in January 2016.
Missouri: God refuses to stop ‘his’ Evangel University from using attrition to eliminate 44 jobs by next school year. 33 faculty and staff have already been forced into early retirement.
New York: Evil Switzerland based drugs pusher Novartis issues a 7th phase shutdown WARN for its Suffern factory. The final 60 employees to be laid off between March and September 2016. Briarcliffe College issued a shutdown WARN, 294 jobs lost by December 2018! What real estate industry recovery? In NYC, RCS Capital (Realty Capital Securities) issued a shutdown WARN, 79 jobs lost by March 2016.
North Carolina: College apartment complex operator Campus Crest shutting down their HQ and eliminating 70 jobs by February 2016. Campus Crest is being sold-off. In Weaverville, Arvato Digital services shutting down their 32 years old CD-DVD ops, 120 jobs lost! Administrators said “We still have customers, but not enough….”
North Dakota: Despite selling-off its oil operations, MDU Resources says it must continue to cut costs, including eliminating a total of 24 jobs. They warned of more layoffs after January 2016. In Fargo, Abode Decor & Gift shutting down after Xmas. News reports made it sound like they were being kicked out in favor of a business that’s willing to pay more rent.
Ohio: What automotive industry recovery? After announcing the end of 734 jobs in Virginia, Volvo Trucks to eliminate about 3-hundred jobs when it shuts down its parts warehouse near Lewis Center! The plant shutdown was planned back in 2013, but won’t be completed until March 2016.
Pennsylvania: Univest, “growing company with deep ties to its local communities”, has admitted that jobs will be lost once they’ve completed selling their soul to Fox Chase Bancorp.
Vermont: Pottery Barn shutting down its Burlington Town Center store, in January 2016. Administrators would only say “A number of factors…” forced them to shutdown.
Virginia: Gas company Range Resources laying off 55 employees, and revealed it is in the process of selling-off its assets. Paisley Gifts shutdown: “Our lease is up in January and right now we don’t have a place that’s a good fit for our business to go to. We’re not leaving here because of a negative response…. We’re leaving because we have to.”-Cheryl Paisley
Wisconsin: Gas company Chart Industries eliminating 105 jobs at its La Crosse operations, after Xmas!
07 -08 December 2015: God bankrupt! Charities forcing taxpayers to ‘donate’! ObamaCare fails to rape-in the profits!
WARN=Worker Adjustment & Retraining Notification
Former employees who receive severance are not counted as unemployed
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.”