Incomplete list of announced closings and layoffs:
Savient Pharmaceuticals now bankrupt. It’s being sold off to Sloan Holdings.
Alabama: What automotive industry recovery? France based Michelin laying off 100 people at its BF Goodrich tire factory in Tuscaloosa. Company officials said there was too much inventory sitting on shelves, due to the bad economy.
Arizona: In Tucson, 63 years old Arizona Mail Order shutdown. 59 jobs lost. The Massachusetts based owner is moving ops to Pennsylvania.
California: What housing market recovery? Across the Golden State JPMorgan Chase Mortgage shutdown offices and laid off at least 897 people! It’s blamed on crashing demand for home loans. In San Diego, LPL Financial laid off 31 employees.
Delaware: What automotive industry recovery? Evraz Claymont Steel shutting down their steel factory. 375 jobs lost! Company officials blame declining sales and a steel market flooded with foreign products. They made steel plate for other industries. In Harrington, Georgia-Pacific shutdown its Color-Box packaging facility. 95 jobs lost.
Florida: A Kmart in Panama City Beach will shutdown. 54 jobs lost.
Illinois: The city of Galesburg warns it will have to layoff more than a dozen employees in 2014, to save $1-million to $2-million USD. Dominick’s grocery store shutdown all 72 stores! Dominick’s was owned by Safeway, which had warned they were “exiting” the Chicago market. In Sterling, the Kmart will shutdown.
Maine: Electronic mapping company, DeLorme, laid off 10 employees. Company officials said they were not in financial trouble, but “in transition”.
Maryland: In Frostburg, Acropolis Restaurant shutdown. The owner blamed his health, the bad economy and the fact that the local fire marshall reduced his legal seating capacity to 49. The dumb ass city of Baltimore jacked up its “bottle tax” in 2010, and now Santoni’s Supermarket is dead! 80 jobs lost. The grocery store first opened in the 1930s. “Since the beverage tax levy went into effect in July 2010, Santoni’s has realized total store sales loss in excess of $4 million….”-Robert Santoni Junior
Massachusetts: Home grown food maker, Joseph’s Gourmet Pasta and Sauces, laid off 73 employees. The company was sold to Switzerland based Nestle in 2006. In Somerset, a Wendy’s fast food joint was shutdown after customers complained and it failed a health inspection.
Michigan: What automotive industry recovery? In Grand Rapids, Bentler Automotive shutdown, 200 jobs lost! In Vassar, Metavation shutdown, 113 jobs lost! The company was taken over by Dayco Products.
Missouri: Paper products maker, RockTenn, shutdown their Saint Louis factory. 50 jobs lost. It’s blamed on the company’s purchase of Smurfit Stone Container in 2011.
New Jersey: After 44 years of art education the Matawan Student Enrichment Program shutdown. Student enrollment crashed.
New York: In Colonie, a Kmart is shutting down. 72 jobs lost.
North Carolina: Residential treatment facility The Children’s Home and Peek-A-Moo Child Development Center shutdown, 79 jobs lost. It’s blamed on Obama Care funding cuts.
Ohio: The Dayton Daily News warned of more layoffs. At least 22 people this time. It’s blamed on declining sales, which company officials blame on the internet. In Cleveland, iconic Peabody’s and Rascal House live music clubs shutdown. It’s blamed on Cleveland State University, which annexed the properties. In Solon, Park View Federal Savings Bank laid off 57 employees. In Columbus, what housing market recovery? Too Big to Jail JPMorgan Chase Mortgage shutdown, 97 jobs lost! In Springboro, tax sucker General Dynamics laid off 31 employees.
Texas: The University of Texas laying off 500 people! University officials expect continued declines in taxpayer funding and student enrollment for the next ten years! In Denton, Conn’s appliance and furniture store shutdown. Local news media say employees were given two weeks notice, but the company refused to explain the shutdown. The company actually reported a profit to investors. What housing market recovery? In Coppell, Too Big to Jail JP Morgan Chase Mortgage shutdown, 52 jobs lost. In Fort Worth, JPMorgan Chase Home Lending shutdown, 451 jobs lost!
Wisconsin: In Milwaukee, JPMorgan Chase shutdown, 94 jobs lost.
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