American Elephants


American Business Doesn’t Like Your Ideas, Mr. Obama. by The Elephant's Child
  • The election results were announced, and the American economy responded. The Dow Jones Industrials promptly dropped by 300 points, and American business spoke:

Mass layoffs (over 50 employees) were announced by the following companies. They are required by law to give advance notice of the expected pink slips. More to come.

  • Advanced Micro Devices (AMD)  – 20-30% of 11,347 employees
  • Ameridose   – “hundreds”
  • Anniston’s Chemical Weapons Incinerator  – 50
  • Boeing   – 30% of management jobs
  • Boston Scientific – 1,200 – 1,400+ shifting jobs, workers to China
  • Bristol-Myers  – 480
  • Caterpillar will close Owatonna MI plant
  • Cigna Companies  – 1,300
  • Corning  – 100 in Erwin, NY
  • CVPH Medical Center
  • Darden Restaurants will shift to part-time workers (28 hrs)
  • Ericsson
  • Garelick Farms
  • Groupon  – 600
  • Hawker Beechcraft  – 400, closing facilities in AK, AZ, TX, KS
  • Husqvarna  – 600
  • Iberia
  • ING
  • Lightyear Network Solutions
  • Majestic Star Casino and Hotel
  • Mills Manufacturing
  • Momentive Performance Materials  – 150
  • OCZ Technology
  • Pepsi  – 4,000 ( ending 401K matching, Possible salary freezes
  • RIM (Research in Motion) – 200 at Hdqts.
  • Rocketdyne  – 100
  • SRA International
  • St. Jude  – 500
  • TE Connectivity  – 620
  • The National Whistleblowers Center
  • The Providence Journal
  • Umatilla Chemical Agent Disposal Facility
  • Thruway Food Markets and Shopping Center
  • U.S. Cellular  – 980
  • Westinghouse (Anniston)  – 50
  • Wilkes-Barr
  • Wind Industries
  • Welch Allyn (Medical Diagnostic)  – 275
  • Dana Holding Corp (auto parts)
  • Stryker (medical equipment)  – 1,170 or 5% of workforce
  • Medtronic  – 1,000
  • Smith & Nephew  – 770
  • Abbott Labs  – 700
  • Coviden  – 595
  • Kinetic Concepts  – 427
  • Zynga (social games)   – 140
  • Sharp  – 10,000
  • Kodak  – 1,000
  • Sony Mobile  – 1,000
  • Google  Motorola Mobility  – 1, 320
  • Cisco  – 1,300
  • Bank of America  – 16,000
  • Career Education  – 900
  • Lockheed  – hiding layoffs till after 1st of year, per Obama
  • HP  – approximately 25,000
  • Best Buy  – 400
  • Colgate Palmolive  – 2,300
  • Dow Chemical  – 2,400 jobs, close 20 plants
  • Cummins Inc.  – 1,500
  • Advance Publications  -600
  • DHL  – 9,500
  • Danish Wind Turbines (U.S.)  – 800
  • Gaylord Entertainment  – 300
  • DeVry  – 570
  • American Airlines (bankruptcy)   – 11,159 (Transportation Workers Union
  • Ball Corp  – 110
  • WPS Health Ins.  – 600
  • Blackboard Connect Platform  – 90
  • Unilever  – 140
  • J.C. Penney  – 350
  • Lockheed Martin  – 123,000
  • Medimmune  – 200
  • Johnson & Johnson  – 130 (SF)
  • Morgan Stanley  – 1,000
  • Kraft  – 90
  • St. Jude Medical  – 500
  • Hill Rom  – 156
  • Murray Energy  – 156
  • Nextel  – 20% headquarters staff, moving operations to S. America
  • Vesta  – 3,000
  • Energizer  – 1,500
  • Evide Technologies  – 150
  • Research in Motion Ltd.  – 200
  • Brake Parts  – 75
  • West Ridge Mine, Utah American Energy  -  Close 204 coal-fired plants
  • United Blood Services  – 10% of workforce
  • Albrecht Sentry Foods  – 60 employees.  Closing.
  • Target  Closing Manassas store
  • Grand Union supermarkets  closing
  • T.E. Connectivity NE  – 620
  • K-Mart  Hoover IL – 82,  Durham NC – 79
  • AGC Glass  – 70
  • Crouse Hospital  – 70
  • Mills Mfg. (NC)  – 68
  • TECO coal  – 90
  • Exide Technologies Laureldale  – 150
  • ATI Career Training  – 184
  • Martha Stewart  – 70
  • First Energy  – 142
  • Kaiser Permanente   – 530
  • GT Advanced Technologies  – 165
  • E-Bay-Pay Pal  – 325
  • Cinch Connecters  – 200
  • Newell-Rubbermaid  – 200
  • Lexmark  – 1,700 worldwide
  • DuPont, Richmond VA  – 64
  • TMX Group Ltd.  – 100
  • Texas Instruments  – 1,700 worldwide
  • American Cotton Growers  – 110
  • Wake Forest Baptist Medical  – 950
  • Turkey Point Nuclear Plant  – 277
  • Panasonic  – 10,000
  • Gamesa Energy  – 92
  • Hostess  – 627  3 plants closing
  • Hartmarx  – 567

So, President Obama, all these people will not only be added to the unemployment rolls, but they won’t be paying taxes.  I know you don’t think that any of these companies qualify as “small business” which you see as mom-and-pop operations, but this view is mistaken. Small businesses, as defined by the Small Business Association, are those with at least 50 employees, and they do indeed file their income taxes as individuals. Slapping more taxes on them is completely counterproductive.

Most large restaurant chains like Darden will shift to part-time employees at 28 hours per week, since you redefined full-time work as 30 hours a week. This is a direct result of ObamaCare, which well over 50% of Americans want repealed.

Updates to this list can be found at Daily Job Cuts. Com   NOTE: These are layoffs that will take place around the first of the year. They must be announced in advance.

ADDENDUM:

  • Xerox – 2,500
  • Citigroup  – 100 Long Island
  • NBC Universal   – 500
  • Hostess Brands  – 18,500
  • United Technologies  – 500
  • Montana’s Decker Coal Mine  – 75
  • California’s Memorial Medical Center
  • Citigroup  – 300 Sales/Trading jobs Globally
  • GE Healthcare   – 130 WI
  • UTC Aerospace Systems  – 500 Global Workforce
  • Momentive Performance Materials NY  -  200
  • Cliffs Natural Resources  – 625
  • Orlando Health  – 320+
  • Meyer Burger Technology  – 250
  • AT&T in CT  – 71
  • Absolute Forest Products Fort Frances Mill  – 239
  • Advance Auto Parts Distribution Center  – 80
  • Advance auto Parts Andersonville  – 80
  • Resolution Copper Mining – up to 400
  • EnerSys Energy Products – 100
  • AM General – About 100
  • AT&T – 105 landline techs
  • Cumberland Pharmaceuticals  – 1/3 of sales force
  • US steel McKeesport Tubular Plant – 142
  • O’Hare Airport – 300 janitor jobs
  • Hanesbrands Mt. Airy Sock Plant – 69
  • San Diego Hospice – 180+
  • Northrop Grumman Corp. – 200
  • Citigroup Securities Unit – 150
  • Santa Barbara Bank & Trust – up to 600
  • KDH Defense Systems Eden NC – up to 280
  • LivingSocial Inc – up to 400
  • Anchorage School District – 100 positions
  • Awreys. Michigan  – 150
  • Meriter Hospital, Madison WI – 50
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9 Comments so far
Leave a comment

With any luck most will be from Obamas electorate.

Comment by glenn

We can only hope!

Comment by The Elephant's Child

The AGC Flat Glass that you have listed is where I live in Kingsport, TN. The plant being closed is the Bluegrass plant, whose primary product was glass for solar panels. They’re going to try to shift as many workers as possible to the other AGC plant over in Church Hill, but they won’t be able to accomodate all of them. In addition, several other companies in the area are having meetings to decide what their future is going to be. One company is going to start manufacturing one product in Europe rather than here in Kingsport (where they would prefer to do it), and another has put a planned expansion on “indefinite hold”.

In the meantime, because of business concerns here in the US, material suppliers in Canada are having to make changes to their business plans (at least one is using a four-year time frame… I wonder why that would be?).

All in all, going quite beyond the “fiscal cliff”, unless there is some kind of major shift in the Obama administration attitude toward business, the US is looking at stagnation at best.

I want to be wrong about this, but by the middle of next summer we will likely be in another recession.

Comment by Lon Mead

I agree, unfortunately. I think the Gelernter piece I excerpted describes Obama accurately — he figured out things once, and doesn’t need to revisit them. Nor does he change his mind. He doesn’t like business or businessmen, doesn’t understand the need for profit, which should either be abolished or at least decreased. He has no understanding of how those things work, and no understanding of the unintended consequences. I think he thinks Republicans are lying when they claim that large numbers of small businesses pay their taxes as individuals (with incomes far over $250,000). That doesn’t fit his theory. Small business is obviously barber shops and little sandwich shops and such. Republicans are just trying to protect their rich friends. I’m coming to the idea that nothing is too loony for a Lefty to believe in.

The coal-fired plants he is shutting down can’t just be started back up tomorrow. The list doesn’t really include most of the big defense contractors who bowed to Obama’s demand to hide their intent (illegally) until after the first of the year, and he’ll get the taxpayers to pay their fines for not revealing the layoffs. He’s going to make an awful mess of things, and I just hope we can come out the other side.

Comment by The Elephant's Child

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