And the list of companies that have announced layoffs and/or closings continues to grow at an alarming rate in the wake of Barry "Almighty's'" re-election. Wth Wednesday proving to be yet another tough day on Wall Street, the stock market seems to reflect the mood of the country’s business community. Since last Tuesday, we have seen a decline in the Dow Jones Industrial Average from 13,244 to the close yesterday of 12,570, a loss of over 774 points in one week’s time. In just the first three days of this week, we have seen an alarming rise in announcements from some very large corporations like, NBC, Citibank, Xerox, and most of the Atlantic City Casinos. Also among the latest to announce downsizing, many municipalities are cutting back staff in service areas like hospice care, housing for domestic abuse victims, and even fire departments.
In many cases, the companies involved have not been all that shy in citing the fact that its because of Barry having been re-elected to a second term, as well as the tax implications from Obamacare, as being the reasons behind they're being forced into taking such drastic action. Still, other companies have tied their cutbacks to some of the administration’s more restrictive regulations, the number of which seems to be growing on nearly a daily basis. And then there are still others on the latest list that may have been caused by actions taken due to bad business practices or because the companies were "collateral damage", businesses that were hurt when larger operations in their area cut back or closed. No matter in what category a company may be in, the single reason for all of these job reductions can be traced directly back to Barry.
One high profile layoff comes from Stryker Corporation, according to a post on the FreedomWorks website: "One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions." For the record, Breitbart is reporting that Jon Stryker (heir to the Stryker fortune) has strong ties to Barry's campaign. His massive donations put him among the biggest donors to both Barry and the Democrats: "Stryker, a member of the Forbes 400 list, was one of the top five donors to the Obama campaign. Having donated $2 million to the Priorities USA Action super PAC, Stryker also gave $66,000 in contributions to Obama and the Democrat Party." So, there you go.
Here is the list of domestic layoffs compiled by DailyJobCuts.com just since Monday (Nov. 12) of this week:
NBCUniversal – 500 - In a round of year-end belt tightening, NBCUniversal is cutting about 500 employees, or about 1.5% of its total workforce. The cuts are distributed throughout the media company, which boasts nearly 30,000 employees, according to a person close to the situation who asked not to be identified discussing the sensitive topic.
Xerox Corp. – 2,500 - On Tuesday, Xerox provided some sketchy details of that restructuring: By the end of the year, 2,500 current employees will be former employees.
Citigroup Inc. – 100 in Long Island NY - Citigroup Inc., the third-biggest U.S. bank, is dismissing 100 people on New York’s Long Island as the lender seeks to cut costs amid a slump in revenue.
Atlantic City’s Casinos – Workers Face Layoffs After Sandy - ATLANTIC CITY — While gaming numbers in our area have been sluggish in recent months, the situation has intensified since hurricane sandy, and now more and more casino workers are looking at a cut in hours or even partial or permanent lay offs.
Update: Smithfield Foods Inc. Meat Plant VA – Starting Layoffs - The Smithfield, Va.-based company said layoffs will start at the Portsmouth plant in January and it will close at the end of March. The first layoffs at the Smithfield Packing Co. facility will involve about 120 workers, with more than 400 workers affected by the time plant is closed, said Jeff Gough, Smithfield’s senior vice president for human resources. Employees have been offered transfer opportunities.
Update: Cummins – Starts Layoffs in Indiana - Layoff notices starting going out this week to the engine-maker‘s white-collar workers at its headquaters in Columbus. Job cuts are also expected at Cummins‘ three southern Indiana plants: the Fuel Systems Plant and MidRange Engine Plant in Columbus and the Engine plant in Seymour.
Solel Solar Systems ( International ) – 140+ - Three years after acquiring Solel Solar Systems in Beit Shemesh, which produces thermo-solar energy systems, Siemens AG (NYSE: SI; DAX: SIE) is firing about 140 of the company’s 430 employees. In contrast to six months ago when 100 employees were fired, mainly production staff, the latest round of layoffs includes engineering and development personnel, following the company’s decision to close down several major projects.
Pierce Manufacturing in Bradenton – Layoffs begin - Pierce Manufacturing in Bradenton, a subsidiary of the manufacturer of emergency response vehicles Oshkosh, is beginning its first round of layoffs, which will eventually affect 325 workers.
Hostess – 3 Plant Closing = 627 Jobs Lost - The world of Twinkies and Wonder Bread threatened to crumble Monday, as a nationwide strike continued and Hostess Brands Inc., the bankrupt owner of the historic products, said it would close three bakeries, eliminating 627 jobs.
Gamesa Energy – 92 Layoff Notices - Gamesa Energy has issued layoff notices to more than half of its Cambria Township work force. Company officials say 92 of the plant’s 154 workers are expected to be out of work at the plant by early next year.
Update: Wingspan Portfolio Advisors – 459 Possible Layoffs - DALLAS — Wingspan Portfolio Advisors, a Carrollton-based loan servicing company, will layoff more than a quarter of its workforce at the end of the year.
Wake Forest Baptist Medical NC – 950 Positions by June 2013 - In a news release, WFBMC said about half of the layoffs will come from "vacant, temporary and contract labor positions, as well as normal attrition and retirements." As many as 475 current employees — about 3.5 percent of the company’s workforce — will get pink slips. While the staff reductions won’t be complete until next summer, 76 employees are being laid off this week.
Turkey Point Nuclear Plant FL – 277 Layoffs Possible - The 277 employees are to be laid off between Jan. 6 and May 26. The workers include 77 field engineers, 49 superintendents, 44 design engineers and 22 welding field engineers. The employees are not represented by a union. The layoffs are expected to be permanent.
Tooele County UT – 22 - For the third time in the last four months Tooele County has announced a reduction of employees as the Tooele County Commission and county department heads scramble to reduce expenses to meet an unforeseen reduction in revenue.
Glens Falls Hospital NY – 29 - Glens Falls Hospital announced Tuesday morning it is eliminating 29 jobs and reducing five other employees to part-time status, as part of a cost-reduction program being blamed on "declining reimbursement levels and other economic challenges."
Bayou Cane, Louisiana – 7 FD Layoffs Likely - The fire chief’s decision to close the station at Savanne Road and Little Bayou Black Drive is the first of several steps intended to make up the money that will be lost when a federal grant expires in 2014. Other planned cuts include laying off seven employees by Jan. 1, eliminating overtime and reducing the number of calls that its trucks respond to each year.
Publishing Firm Lulu in Raleigh – 9 - Raleigh-based Lulu, which provides self-publishing services around the world, has made layoffs at its headquarters and other locations. The company is owned by Red Hat co-founder Bob Young. Nine positions were cut in Raleigh and an undisclosed number of positions will be affected at other operations, Lulu said.
Hamilton FD Ohio – Possible 2 Closing – 17 Layoffs - A study by public safety consultants Berkshire Advisors Inc. recommended a number of changes to improve efficiency in the Hamilton Fire Department, including increasing the workweek from 48 to 52 hours. This would reduce staff by nine firefighters and save the city $825,000 in overtime costs, according to the study. The city is projected to spend $1.1 million in overtime costs in 2012.
Dana Corporation – Warns Employees of Poss. Layoffs - TOLEDO, Ohio -Dana Corporation is warning its employees that there could be a large number of layoffs on the way. The Washington Times reports that Dana will likely pay $24 million over the next six years in healthcare expenses and that cost is driving the layoffs.
Mississippi County Arkansas – About 12 Layoffs - The Finance Committee of the Mississippi County Quorum Court slashed $1.5 million from the county’s 2013 budget, which will trigger layoffs of about a dozen employees.
The Commercial Appeal – Another Round of Layoffs? - According to the media-focused blog Mediaverse, The Commercial Appeal has suffered another rounds of layoffs. This time, the cuts involve the advertising department.
The Brattleboro Retreat – 27 Layoffs, 4 Positions Lost - Peter Albert, vice president for external affairs at the Retreat, said management decided to cut positions after reviewing third quarter revenues and expenditures. "Projecting out the fourth quarter, the year would come in at a loss," he said.
Otsego County NY – 10 Layoffs Possible - As the rough parameters of Otsego County’s 2013 budget take shape, it appears that about 10 county jobs will be eliminated and some public services will be reduced, county Treasurer Dan Crowell said Tuesday.
World Media Enterprises – 105 Jobs Cut - World Media Enterprises Inc., the division created earlier this year by Berkshire Hathaway after it purchased most Media General Inc. newspaper properties, including the Richmond Times-Dispatch, today announced it is eliminating 105 jobs, including 33 related to its decision to shutter the News & Messenger in Manassas.
Reports Of Cuts Coming To GE Healthcare In Vermont - SOUTH BURLINGTON, Vt. - More job cuts at GE Healthcare in South Burlington– though how many is unclear. The Vermont location specializes in developing information technology for the health care industry. About 850 people worked there when GE bought out IDX Systems in 2005. There have been several job cuts since then, including at least two others earlier this year.
You know, it's too bad that you can't identify, with some degree of certainty, those folks who voted for Barry. Because, I tell you what, if I ran a business and could do such a thing, I think the very first folks I would be handing out pink slips to would be those morons who had voted for Barry. I'd make them be the first ones to face the consequences of they're having voted for this pond scum. Why shouldn’t they be made to face, first hand, the consequences of their stupid decision? Why should they be permitted to put this guy back into office and then not be held accountable? I say lets just let go all of those who voted for Barry and if we need to hire some folks let it be those who voted against him and are in need of a job. Because far from being a job creating president, Barry has been a job killing president and that trend is continuing.
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