Incomplete list of publicly announced layoffs & shutdowns:
British empire United Kingdom based legal drugs pusher GlaxoSmithKline announced massive layoffs that will impact hundreds of jobs in the United States! Apparently the bad economy in the U.S. is forcing the British company to cut expenses by $1.56-billion over the next three years. What the company […] Continue Reading…
Sears Holdings has killed off 115 jobs, 100 of which were at its Hoffman Estates HQ in Illinois!
Sears Holdings also (through Kmart Retail) issued a WARN saying an Indiana Kmart is going down on 12 April 2015, layoffs begin 05 April 2015.
Sears Holdings has a new Senior Director of Asset and Profit Protection, Brian Broadus. He […] Continue Reading…
U.S. based Aeropostale administrators revealed to the Securities and Exchange Commission that their director used insider info to make a stock deal back in December.
2015 shutdowns:
Illinois: P.S. from Aeropostale shutdown in the Cherryvale Mall.
Indiana: In Carmel, Aeropostale on Clay Terrace Boulevard shutdown on 27 January 2015. Aeropostale shutting down in the Indiana Mall by the end […] Continue Reading…
Illinois has joined the shutdown list. The Sullivan Shopko will be slammed shut by April, the store manager told local news media his store wasn’t making enough money.
According to a Wisconsin news outlet Rite Aid has made it clear they’ve taken over Shopko’s pharmacy operations: “…we had a seamless transition with acquiring Shopko’s pharmacy…”-Kristin […] Continue Reading…
Incomplete list of announced United States food supply shutdowns for the month of January, 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.
After only one year, award winning Modern Farmer magazine shutdown. Its blamed on disputes […] Continue Reading…
27 January 2015 (19:48 UTC-07 Tango 26 January 2015)/06 Rabi ‘ath-Thani 1436/07 Bahman 1393/08 Yi-Chou (12th month) 4712
In 2014 evil Cerberus Capital concluded a hostile $9.2-billion USD takeover of California based Safeway. The hostile takeover, which was challenged in court, was done through Idaho based Albertsons. Safeway was the second largest grocery store owner […] Continue Reading…
A new Gallop Poll reported that the average Afghan says their suck-ass economy is far more dangerous (despite trillions of taxpayer funding spent on the Afghan 1%) than any resurgence of the Taliban! Only 6% of Afghans think their economy is getting better!
Farah Province: Thousands of Afghans protested France.
Ghazni Province: On the Jaghori-Gilan highway, police report that […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: In Stockton, food processor Hormel announced they will shutdown their 65 years old chili and Dinty Moore beef stew factory in February 2015, at least 110 jobs lost! Company administrators blame the record level prices of beef for causing a 21% drop in profits!
Hawaii: After 93 […] Continue Reading…
After Eddie Lampert’s ESL Investments who’s the next biggest shareholder in Sears Holdings? An outfit called Fairholme. It was created, and is still run by Bruce R. Berkowitz.
Berkowitz used to work for Lehman Brothers, you know the outfit credited with starting the recession in 2008. He was also managing director of Smith Barney, a ‘financial […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: Reports revealed that Palo Alto based Hewlett Packard will kill off 41-thousand jobs by the end of 2014!!! As many as 32-thousand people around the World have already been rendered jobless!!! But wait there’s more! Those same reports say evil Meg Whitman is planning on killing off […] Continue Reading…