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Lay- Offs and Closures

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 09:37
dillon_h View Drop Down
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Woody

Joined: July/28/2011
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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):

Energizer -

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.

Westinghouse -

Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees.

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.

Boeing (30% of their management staff) -

Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.

CVPH Medical Center -

CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” a press release said.

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.

Momentive Performance Materials -

About 150 workers at Sistersville’s Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.

Rocketdyne -

About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.

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 A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.

Husqvarna -

Husqvarna AB (HUSQB), the world’s 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.

Center for Hospice New York -

The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.

Bristol-Meyers -

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.

OCE North America -

Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.


"Adversity is a flame that melts the weak and tempers the strong"

Certified Law Enforcement Armorer @ SWFA
dillon@swfa.com
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 09:50
SVT_Tactical View Drop Down
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Chief Sackscratch

Joined: December/17/2009
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Very sad. 

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 09:58
Kickboxer View Drop Down
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Moderator

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This is just the beginning.... it's going to get MUCH worse.  The minions of the usurper have much more serious plans for this country... they want it brought down and they have just the man to do it.
 
Prepare,  the whirlwind is coming...
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 10:09
jselsor View Drop Down
Optics Journeyman
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He will weaken the country so they rely on the Gov. Those who are lucky enough to have a successful carear will support the weak through very high taxes! Our kids will not know the same america we do if we dont make serious changes!!!!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 10:25
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Optics Jedi Knight
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Quit living in denial. We are way past any turnaround. I wouldn't call it a Brave New World but it is a new world.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 10:42
mike650 View Drop Down
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My good friend works for a defense contractor, the day after the election results were announced he was called into his supervisor's office and told there were major defense cuts coming that will greatly impact many divisions of the company. Though he has many years with the company and an excellent machinist there's the possibility that he could be laid off.

Edited by mike650 - November/09/2012 at 11:29
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 10:57
dillon_h View Drop Down
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Woody

Joined: July/28/2011
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At 21 years old, I never imagined the world in this light.
It sickens me.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/09/2012 at 11:50
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bowsNbugs

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Originally posted by Kickboxer Kickboxer wrote:

This is just the beginning.... it's going to get MUCH worse.  The minions of the usurper have much more serious plans for this country... they want it brought down and they have just the man to do it.
 
Prepare,  the whirlwind is coming...


+1000. It's SHTF time. Whacko


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