Boeing Announces Big Layoffs in Defense Division http://www.cnbc.com/id/49729998
ING Layoffs In State Are Unrelated To Massive Staff Reduction In Europe http://www.courant.com/business/connecticut-insurance/hc-ing-layoffs-20121107,0,5645363.story
Caterpillar’s Layoffs Parallel A Falling Monthly Copper Price Index http://agmetalminer.com/2012/11/07/caterpillars-layoffs-parallel-a-falling-monthly-copper-price-index/
More Layoffs May Be In Store for Alcatel-Lucent http://www.fool.com/investing/general/2012/11/06/more-layoffs-may-be-in-store-for-alcatel-lucent.aspx
Boeing Telegraphs Layoffs in Defense, Space & Security Unit http://247wallst.com/2012/11/07/boeing-telegraphs-layoffs-in-defense-space-security-unit/
Umatilla Chemical Depot plans layoffs this month, in 2013 http://www.tri-cityherald.com/2012/11/06/2160493/umatilla-chemical-depot-plans.html#storylink=cpy
Hawker Beechcraft to close plants in Arkansas, Texas, Arizona, cut more jobs http://www.therepublic.com/view/story/52f3fff526904fc68717a1cf890c9f9c/KS—Hawker-Beechcraft-Layoffs
We get the government they deserve.
Reality strikes home in 3....2....1....!
Layoffs rise as firms retrench due to earnings
http://www.usatoday.com/story/money/business/2012/10/25/layoffs-job-cuts-earnings/1658147/
Auto industry could ease manufacturing slowdown [or not when you read the article]
http://www.sfgate.com/news/article/Auto-industry-could-ease-manufacturing-slowdown-4007034.php
Chemical depot shutdown leads to higher jobless rate
http://www.eastoregonian.com/news/local_news/chemical-depot-shutdown-leads-to-higher-jobless-rate/article_747dad7e-14e9-11e2-a7d1-001a4bcf887a.html
Small Business Employment, Revenues In Downward Trend, Says Intuit
http://www.gaebler.com/News/Small-Business-Finance/Small-Business-Employment,-Revenues-in-Downward-Trend,-Says-Intuit-900000259.htm
Yeah - but at least these companies aren’t going to get big tax cuts.
So it’s all good. :)
Who will pay? The middle-class workforce, of course.
So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let’s examine the very real jobs that will be lost, and the very real lives that will be affected.
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.
Dana Holding Corp.
As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing “$24 million over the next six years in additional U.S. health care expenses”. After laying off several white collar staffers, company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.
Stryker
One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.
Medtronic
In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.
Others
A short list of other companies facing future layoffs at the hands of Obamacare:
•Smith & Nephew - 770 layoffs
•Abbott Labs - 700 layoffs
•Covidien - 595 layoffs
•Kinetic Concepts - 427 layoffs
•St. Jude Medical - 300 layoffs
•Hill Rom - 200 layoffs
Add on those companies reducing hours to keep employees part-time and avoid Obamacare taxes.
Link to full article embedded with more data: http://connect.freedomworks.org/news/view/320794?destination=node%2F320794
And millions of hourly workers about to find out their employer is capping work week at 29 to avoid ObamaCare’s “30 hours is full time” rule are in for a rude awaking in the new year.
Vestas to cut 3,000 more jobs (Oregon)
http://www.freerepublic.com/focus/f-news/2957135/posts
http://www.oregonlive.com/business/index.ssf/2012/11/vestas_to_cut_3000_more_jobs.html
Nearly 200 ‘family-sustaining’ jobs to be lost as HarperCollins plans to close warehouse
http://thetimes-tribune.com/news/nearly-200-family-sustaining-jobs-to-be-lost-as-harpercollins-plans-to-close-warehouse-1.1399967
To all those who are laid-off and who voted for DIMs.....Bwahahahahahahahahahaha!
TE Connectivity to close Guilford plant, lay off 620
http://www.bizjournals.com/triad/news/2012/11/08/te-connectivity-to-close-greensboro.html?page=all
Nextel to cut 20% of jobs at Virginia headquarters
http://www.telecompaper.com/news/nextel-to-cut-20-of-jobs-at-virginia-headquarters—906620
BTTT
Energizer to cut more than 10 percent of workforce
http://finance.yahoo.com/news/energizer-cut-more-10-percent-002153295.html
Companies plan massive layoffs as Obamacare becomes reality
How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?
How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?