That Mending Economy

Well now that President Obama has been re-elected, let's take a look at just how well that economic rebound, that he was talking about on the campaign trail, is doing....

The day and the day following the election....lay-off announcements....

November 6 , 2012
Bristol-Myers - 480 Sales Related Jobs in NJ
Update: the Lower Bucks Hospital - 30
Oce North America, Inc. CT - 135
Updated: Corning in Erwin NY - 100
United Blood Services Gulf region - 10% of Workforce
The Atlantic Lottery Corporation ( International )- 16

November 7 , 2012
Boeing - 30% of Executives at Defense Unit
CVPH Medical Center - 17 Pink Slips
U.S. Cellular - 980
Commerzbank ( German ) - up to 6,000 Layoffs Poss.
Spanish airline Iberia - up to 7,000 Possible
Momentive Performance Materials - 150 Temp, Layoffs
Brake Parts LLC - 75
Gameforge Berlin - 20
Vestas Wind Systems - 3,000 More Job Cuts
Husqvarna AB - 600
ING - 2,350
Ericsson ( Sweden) - 1,550
SRA International Inc - 222 in Arlington Va.
PerkinElmer - 66 Layoffs During 3rd Quarter
Majestic Star Casino and Hotel - About 80
Center for Hospice / Palliative Care NY - 40 Temp. Layoffs

Two days and three days after the election....more lay-offs

November 8 , 2012
Eagle-Tribune in North Andover - 21
Ameridose LLC - up to 650 Layoffs
EMD Millipore St. Charles - Some Layoffs
Groupon - 80
Pratt & Whitney Rocketdyne - 100
Slidell La. - Warns of Possible Layoffs
Westinghouse Anniston - 50
Research in Motion Ltd. HQ - 200
Lightyear Network Solutions - 12+
The Providence Journal Co. - 23
Hawker Beechcraft - 240 Layoffs + Facility Closings

November 9 , 2012
Mills Manufacturing NC - 68
TECO Coal Corporation - 90
Energizer Holdings Inc - 1,500
Update: Exide Technologies in Laureldale - 150
Southeastern Container - 15
Update: UtahAmerican Energy Inc - 102
The SCA plant in Barton - Plans Staff Reductions
Plexus Corp - Contract Loss Could = Layoffs
Yakima Regional Medical Center Washington - 10+
Crouse Hospital Syracuse NY - 70 Jobs

The Saturday and Monday following the election....even more lay-offs.

November 10 , 2012
Update: DuPont Co in Richmond VA - 64
TMX Group Ltd. - 100
Penn Refrigeration - 40
Wilkes-Barre PA - Layoffs Possible
Standard Bank Group Ltd. - up to 15% of Staff
The Art Gallery of Windsor ( International ) - 12
American Coal - 54
New Energy Corp. Indiana - Idles 40
November 12 , 2012
Update: Wingspan Portfolio Advisors - 459 Possible Layoffs
German news agency dapd -100
The Commercial Appeal - Another Round of Layoffs?
Airlines SAS ( International ) - About 6,000 Jobs Lost

Seven days following the guessed it....more lay-offs

November 13 , 2012
Hostess - 3 Plant Closing = 627 Jobs Lost
Hamilton FD Ohio - Possible 2 Closing - 17 Layoffs
NBCUniversal - 500
Dana Corporation - Warns Employees of  Poss. Layoffs
Mississippi County Arkansas - About 12 Layoffs
TMX Group ( International ) - Plans to Cut 100 Jobs

You can find updates at here.   Utah is not immune.

The state might have to cut back the hours of some employees or else begin offering them health insurance to avoid a fine that could be as steep as $40 million under "Obamacare," as provisions start to kick in next year.

The state has thousands of workers — state liquor store workers, for example — who are paid hourly wages and don’t receive health benefits.

Under the Affordable Care Act, if the state doesn’t offer health care to anyone working over 30 hours, it could be penalized $2,000 for each of those workers, Chet Loftis, director of the state’s Public Employees Health Plan told legislators Tuesday.

The total would come to "something crazy," like $40 million, Loftis said.

Jeff Herring, director of human resources for the state, said one option is to hire more part-time workers and cut hours to avoid the requirement. Or, the state could offer a very basic level of coverage to those workers who might exceed the 30-hour threshold. 

I want to quick revisit that Hostess Brands lay-off announcement for a minute.  Hostess Brands is facing bankruptcy.  Rather than fire employees, they went to the unions to ask for concessions.  Now many companies don't even ASK for concessions - they just take.  But Hostess asked.  The Teamsters, accepted a contract that, while not totally what the union wanted, but it helped keep jobs and maybe possibly save the company.  The Bakery Union, on the other hand....

Hostess Brands permanently closed three bakeries Monday, including a plant in St. Louis where 365 jobs were cut, in response to a bakers’ union strike that started Friday.

The bankrupt maker of Twinkies and Wonder bread said it’s trying to avert liquidating the entire company, and it shuttered three plants that were no longer able to produce and deliver products because of picket lines. The other plant closures are in Seattle and Cincinnati, where a combined 262 jobs were cut.

“We deeply regret this decision, but we have repeatedly explained that we will close facilities that are no longer able to produce and deliver products because of a work stoppage — and that we will close the entire company if widespread strikes cripple our business,” Hostess CEO Gregory Rayburn said in a statement.

See this is the one problem that unions and the folks on the left just don't understand.  Business owners are in business TO MAKE MONEY.  If they can not make money, they don't take the risk...and when they don't take the risk, they don't hire people.  The bottom line is that business owners do not OWE anyone a job but themselves. 

So boycott away liberals.  Just remember, when you boycott Olive Garden or Papa Johns, you are not hurting the CEO's, you are hurting the waiters and waitresses.  They will be laid off because of your snit fit.  But hey, anything to cover for your President - no matter who it hurts.....right?

Written by LL.