Daily Job Cuts
Posted in the Barbourville Forum
#1 Nov 9, 2012
Companies cant afford to hang on with the additional expense of obamacare costs.
Do elections have consequences? If you have been paying attention to the financial markets, you might think so. Wall Street has had two horrible days since President Obama won a second term.
However, stock prices are not the only thing taking a hit. It appears that the job market is also suffering. In the last 48 hours, the following major corporations have announced layoffs in America (links take you to news stories about the layoffs with details from the companies):
The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
Research in Motion Limited -
Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
Lightyear Network Solutions -
More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
Hawker Beechcraft -
The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
US Cellular -
The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.
Brake Parts -
The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late December The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013
Vestas Wind Systems -
Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said its reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.
Husqvarna AB (HUSQB), the worlds biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.
Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.
Darden Restaurants -
The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.
West Ridge Mine -
In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down 204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.
The Kmart store in Parkway Plaza off University Drive in Durham NC 79 Jobs Lost
#2 Nov 9, 2012
Whew. All those tax dollars lost. Gone.
1 %'ers leaving USA.
What a mess. Mmm mmmm.
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