22 April 2015 (10:19 UTC-07 Tango 01)/02 Ordibehesht 1394/03 Rajab 1436/04 Geng Chen (3rd month) 4713
“Our company suffered huge losses in 2014…..Our company has lost financing ability and suffered from a capital shortage. We can’t raise enough money to repay interest, despite all the efforts we have made.”-Baoding Tianwei
For the first time a government controlled […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
Alaska: A brand new grocery store already shutdown in Bethel! Swanson’s shutdown only nine months after opening, local news media says company administrators refused to answer their phone calls. The owner of the building also refused to talk to the local news media.
California: The Los Angeles School […] Continue Reading…
Incomplete list of announced United States food supply shutdowns for the month of April, 2015: Many food suppliers/distributors are consolidating operations and killing jobs due to the collapsing grocery store and restaurant industries, as well as rising costs of food production, and spread of disease.
“We will have to develop stricter bio-security measures to eliminate […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
Netherlands based grocery store chain Ahold announced it will shutdown support offices in Massachusetts and Pennsylvania. At least 120 jobs lost! Administrators said it was the only way they could keep their food prices low for shoppers.
Germany based software developer SAP announced it will kill off 22-hundred jobs around […] Continue Reading…
“It is going to get worse before it gets better!”-Mitchell Marks, College of Business at San Francisco State University
“If their favorite store is Albertsons, and the FTC’s [Federal Trade Commission] decision is to close their local Albertsons store, consumers are going to look around.”-Dale Achabal, Retail Management Institute at Santa Clara University
It’s been revealed […] Continue Reading…
18 April 2015 (17:54 UTC-07 Tango 01)/28 Farvardin 1394/29 Jumada t-Tania 1436/30 Geng Chen 4713
“Everybody just panicked and started crying!”- Venanzi Luna, a Walmart store manager in Pico Rivera, California
It’s been revealed that Walmart shutdown five stores, without warning, on 13 April 2015. About 22-hundred employees are now unemployed!
The stores are located in California, […] Continue Reading…
17 April 2015 (15:57 UTC-07 Tango 01)/27 Farvardin 1394/28 Jumada t-Tania 1436/29 Geng Chen 4713
“We did a worldwide marketing effort to sell the plant. We obviously wanted to find a user. It’s a damn shame!”-Mark Fleischauer, JH Kelly senior vice president, Idaho State Journal interview
After a little more than a year, the winning bidder for […] Continue Reading…
17 April 2015 (15:23 UTC-07 Tango 01)/27 Farvardin 1394/28 Jumada t-Tania 1436/29 Geng Chen 4713
“I regret that today our company is not performing to the expectations of our customers, our stakeholders or our employees. Our number one priority is to do everything we can to continue to enhance our food safety and quality systems and rebuild […] Continue Reading…
15 April 2015 (16:54 UTC-07 Tango 01)/25 Farvardin 1394/24 Jumada t-Tania 1436/27 Geng Chen 4713
On 14 April 2015, Pocatello’s Gateway Processing Center Mail Handlers were given this notice of work “release”. Note that the letter is dated “April 10, 2015”. Why did administration wait until the 14th to hand out […] Continue Reading…
Wisconsin losing yet another Kmart. The store will shutdown by the end of June, rendering 103 people unemployed. Alderman Craig Wilson actually called it a “good sign” of economic development.
In Michigan, reports say the abandoned Roseville Kmart is being torn down, and will be replaced with a $15.6-million USD Kroger grocery store. The city gave […] Continue Reading…