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How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?

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Business

How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?

  • Posted on November 8, 2012 at 9:29pm by Mike OpelkaMike Op

Editor’s note: We’ll be discussing this story and all the day’s political news on our live BlazeCast at 1:30pm ET:

 

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.

 

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.

 

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.

 

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.

 

United Blood Services Gulf -

United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.

A layoff is tough enough for employees to deal with, imagine hearing the crushing news that your office is shutting down just before Thanksgiving and Christmas…  Here are some of the business closings that were announced in just the past two days:

To see even more companies that announced layoffs since the election, visit the Daily Job Cuts page.

Entry #179

Comments

1.
rdgrnrComment by rdgrnr - November 10, 2012, 2:58 am
Holy Moly, it's raining pink slips.
Thanks for that Obamacare thingy, Barry, workin' out real good.
Yeah, real good, just like your hopey-changey thing did last time.
Schmuck.
2.
jackpotismineComment by jackpotismine - November 10, 2012, 3:45 am
Hopeless changeless you can believe in! Ha..ha.
3.
sully16Comment by sully16 - November 10, 2012, 7:38 am
Socialism, isn't it wonderful.
4.
tiparker119Comment by tiparker119 - November 10, 2012, 8:12 am
Won't be long until you find alot of the Hollywood crowd crying because the average American will not be able to afford the movies, concerts, purchases of CDs and etc.....and of course, they will blame it on GOP...!!!
5.
jarasanComment by jarasan - November 10, 2012, 8:19 am
Happy Days are here again!!!!!
6.
JAP69Comment by JAP69 - November 10, 2012, 8:24 am
The people needed to get out and vote for Romney if they wanted a better president.
All hell is going to break loose now. Count on it.
7.
Comment by GASMETERGUY - November 10, 2012, 9:32 am
Keep this list handy. I have a feeling there will addidtions, many additions, in the coming months.

I can only hope those laid-off voted for Obama, that those who voted for Romney will keep their positions.

And where is bobbys and LilSpeedy? Did their parents cut off the power to their basement?

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