New York Post reported that J.C. Penney laid off 1500 people across the United States! According to the Business Insider, even more layoffs are planned, as an inside source said that J.C. Penney store managers were shown a ‘secret’ video that told them to prepare to run the stores with even less employees!
In New York, Rapid-American bankrupt. Company officials blame asbestos related personal injury lawsuits. The Bruckner Bar and Grill shut down, owners blame damage from hurricane Sandy and a landlord that doesn’t want to abide by his own lease. The Mahopac Falls Elementary School being closed: “The reason we are closing the building is not because of the budget, but because of the changing demographics.”-Raymond Cote, Board of Education President
Too Big to Jail Citadel Securities laid off 30 people in Illinois. The IH Mississippi Valley Credit Union closed its Abingdon branch. In Chicago, 80 to 129 schools are on the chopping block! The Commission on School Utilization actually questioned if that was logistically possible. It’s being blamed on Chicago Public School‘s $1 billion shortfall!
Another Christian school closed down. Saint Raphael in Arkansas: “The reasons are many but the bottom line is I can’t justify going into huge debt for so few students and families when the overall needs of the parish are so great.”-Pastor John Connell
In California, the Windsor School District warned up to 50 employees of possible layoffs. The school is short $2.8 million. Officials blame cuts to state funding. Too Big to Jail Bank of America laying off 57 people in Rancho Cordova. In San Francisco, Tommy Toy’s Cuisine Chinoise restaurant shut down. The owners blamed demographics and not being able to renew their lease. In Chico, Wakefield and Sons Glass out-o-business. Owners blamed the bad economy. And medical imaging company, Digirad, announced an undisclosed number of layoffs, as part of their efforts to make the company “lean”. The Ethan Allen home furnishings store in Strawberry, closed down. The owner of the building said Ethan Allen officials decided not to renew the lease and gave no reason why. Apparently they were the only furniture store in the area. Beauty Store & More, in Petaluma, closed down. After 24 years of operation the owners said they gave in to increased competition.
In Florida, Biovest International bankrupt. The drug company is trying to get rid of $44 million USD in debt. The Kmart in Bonita springs closed down, 67 people out-o-work. The Pasco County School District was put on notice by the state, because of poor performing schools. Teachers and school administrators were told they would have to reapply for their jobs. Apparently the school district is not a good place to teach: “We know that the characteristics of the school, the high poverty, the high minority and it’s location have made it hard for us to maintain staff there. There’s been an almost 50 percent turnover in staff.”-Tammy Rabon, Supervisor for teachers and learning
Too Big to Jail Chase Home Mortgage laid off 550 people in Florence, South Carolina! That’s on top of the 330 jobs cut since last year. And in more ironic news, the Department of Employment and Workforce laid off more employees, for the third time in the past six months!
In Monett, Missouri, Dairy Farmers of America is closing their milk operation by September, and will layoff 86 people. They blame declining sales.
Kae Robin & Company, in Maryland, closed because the owner wanted to retire. Constellation Books shut down, the owner said it’s painfully clear the U.S. economy is not going to recover soon enough for her.
In Massachusetts, the Cape Cod Hospital will close its endoscopy center by fall. At least 20 employees to be laid off. You can blame Obama/Romney Care for reduced reimbursements for services rendered. The not for profit Westboro Gallery closed down. The operators said people just stopped buying art. And Panera Bread, in Arlington Heights, closed down. Company officials did not want to renew the lease.
In New Jersey, the New Milford Jewish Center shut down. Officials blamed it on the increasing number of Americans turning away from the Judeo/Christian God: “We’re like every other church and synagogue in New Jersey. It’s a common disease.”-Ralph Gerber, Congregation Beth Tikvah
Too Big to Jail PNC Financial Services Group announced they will close 200 offices across the U.S. Possibly thousands of people will be laid off!
In Hawaii, real estate investment company 1250 Oceanside Partners now bankrupt. They are $500 million in debt. And Sam Choy’s Breakfast, Lunch & Crab restaurant shut down. The parent company, Good Eats, did not want to renew the lease. 50 people out-o-work.
So much for recovery in the automotive industry, General Motors eliminates 3rd shift at a factory in Flint, Michigan. 104 people out-o-work! Meekhof Lumber shutting down in June. If there’s any recovery to the home construction market, the owners of the 56 years old company are not seeing it.
In Franklin County, Pennsylvania, Gibble’s Food grocery store announced they will be laying off employees. Company officials did not give a number. Railroad products manufacturer McConway & Torley, closed down their Kutztown factory, and laid off 130 people!
The Alaska Railroad laid off 54 employees, due to crashing revenue since 2011. Company officials say their biggest drop in revenue comes from declining freight shipments. The railroad was also hit by a stupid Federal Transit Administration clerical error, which cost them millions of dollars.
In Louisiana, the state stopped bridge toll operations at the Crescent City Connection in New Orleans, ending 31 jobs.
After 20 years in business, the Godfather’s Pizza on East 10th in Sioux Falls, South Dakota, closed down.