In Kentucky, Seven Counties Services bankrupt. Company officials blame mandatory payments into the Kentucky Employees Retirement System. According to local news reports, if the mental health/developmental services/addiction treatment center shuts down it will affect 32000 people!
Too Big to Jail, Bank of America, laying off hundreds more employees, this time in New Jersey. 469 people lost their jobs in Newark!
Nebraska State Bank & Trust closed two branch offices, in Oconto and Mason City. Bank officials blamed declining customers.
Allstate Insurance laying off an undisclosed number of employees in Virginia.
In Florida, U.S. Navy contractor East Coast Repair and Fabrication laid off 25 people. Company officials blame contract cancellations by the USN.
Price Chopper lays off 34 more employees in New York. Company officials blame it on skyrocketing health care costs. In West Village, The Lively Set antique shop closed down. The owner says sales are no longer high enough to pay the rent.
In Kansas, Bunge North America is suspending soybean crushing and laid off one third of its employees. Company officials blame “depleted supplies” of soybeans.
The Higley Unified School District, in Arizona, cut 11 administration jobs. The school district is short $1.8 million USD!
In Massachusetts, the 40 years old J&N Joke Shop closed down. The owner is shifting to internet sales. And the family owned West Concord SuperMarket closed down. The brother owners want to retire, and no one else in the family wants to take over.
In California, My Baby News baby store closed in Santa Rosa. The owners blamed crashing sales on internet competition. Amylin Pharmaceuticals announced they are ending their San Diego operations in 2014. 420 employees will be affected!
After 90 years in business, Savrud Paint Shop closed in Kalispell, Montana. They blamed the bad housing construction market: “The construction downturn has been very long. Very, very long. We don’t have nearly as much contractor business as we had.”-Dale Saverud
In Michigan, Michigan Steel has died. The company was seized by creditors. Last year company officials outright lied to local news media, telling them that business was so good they were expanding operations. Then news that employee paychecks were bouncing, then checks to their creditors started bouncing. State and federal tax liens were placed against the company. At the beginning of this year company officials admitted they were in trouble but would not give details. At one point the company had 200 employees.