World War 3, U.S. Economic Front: Job losses & store closings 03 May 2013. Quest for profits destroying data collections companies?

In Washington DC, Rumors bar and restaurant now bankrupt.  Rumors has been in operation for more than 30 years.

In Utah a major mining company, Kennecott, warned of hundreds of layoffs.  At first it was blamed on a landslide at its Bingham Canyon Mine, but company officials also admitted they had to begin “cost cutting” measures.  Kennecott is owned by the British Empire’s Rio Tinto Group.

In New York, employees with The Daily Gazette report more layoffs.  At least ten people let go.  Company officials refused comment.  In Massena, Precious Memories prom dress store out-o-business. The owner blamed the bad economy: “It’s been slowly getting worse and worse for the past two or three years.”-Wendy S. MacCue

AmeriQual, a contracted food supplier for the military, laid off 49 employees in Evansville, Indiana.  It’s blamed on military spending cuts.  However, some locals are saying the taxpayer funded company is just replacing full timers with part time temps, to justify lower pay and no benefits.

In Massachusetts, the bank BB&T announced it is restructuring, which means jobs will be eliminated.  BB&T’s Kelly King said “We recognized the economy is slow and likely will be slow the rest of this year.”

Medtronic ending about 230 jobs!  “Like most companies, we will continue to evaluate our markets and organization structure to look at areas where efficiency can be improved throughout our business.”-Cindy Resman

In Texas, Swiss owned LifeSize Communications laid off about 24 people in Austin.  Company officials gave no reason for the layoffs.

Domestic data collections company, CACI of Arlington, Virginia, warned of hundreds of layoffs.  Company officials said they had to “right size” their operations to remain profitable.

Fred’s discount store closed in Belmont, North Carolina.

Children’s clothing maker Carter’s closing its Shelton, Connecticut, office.  Carter’s, which also makes the Oshkosh B’gosh brand, is consolidating operations to Atlanta, Georgia.

Maine Potato Growers closing their stores in Houlton and Presque Isle.  Company officials blame increased retail competition for forcing them to return to industry sales only.

In Florida, after 31 years Circle K Furniture shut down both its retail stores in Jacksonville.  It’s blamed on the bad economy, and a death in the family was the final straw.

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.