Friday, November 9, 2012

Elections have consequences: List of companies that have announced layoffs since Obama won

This list is rapidly growing...

Via The Blaze:
• 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.
• Exide Technologies -
Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and laying off 150 workers, effective no later than March 31.
• 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.
• Providence Journal -
The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
• 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.
There’s more here…


Da Curly Wolf said...

I know.. I did the google work for it last night. elections...have consequences and now the dolists and dems are going to reap the whirlwind...and we're stuck in the line of fire...

Schnitzel_Republic said...

The reality is that they held out some belief that something would change in 2013. The results put them back at square one. You can't blame a company for looking out for it's profit margin. What you should take out of this...more companies will examine their situation, and by the same thing. Around April of 2013, you should expect the unemployment rate to be near nine percent. The President will pick some dimwit to be the Secretary of Business...claiming that only then can he be proactive and save the business community.