American Elephants

• 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
• (more…)