American Business Doesn’t Like Your Ideas, Mr. Obama.

American Business Doesn’t Like Your Ideas, Mr. Obama. by The Elephant's Child

November 10, 2012, 5:19 pm
Filed under: Capitalism, Democrat Corruption, Economy, Politics, Taxes, The United States | Tags: Economic Illiteracy, ObamaCare Fail, There Goes the Unemployment Rate

• 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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