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
  • Continue reading



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