“It just never came back after the recession.” Tech bubble exploding! Company loses $4.18-billion in 3 months! : U.S. Job Losses & Closings 26 April 2016

Incomplete list of U.S. job loss announcements and shutdowns.

Arizona: Despite reporting better than expected revenues, Phoenix based mining company Freeport-McMoRan says it will go ahead with plans to layoff 25% of its petoleum sector employees and sell-off assets.  Freeport-McMoRan’s ‘better than expected’ results were a loss of $4.18-billion USD for the first three months of 2016!  It’s blamed on the low prices of oil, gas, gold, silver, copper, etc.

California: Intel issued several WARNs, at least 565 jobs across The Golden State gone between now and 2017, due to crashing computer sales!  Insiders are reporting that Apple has laid off all its employee recruiters, more than 1-hundred employees!  Recruiting bonuses were also slashed from 40% to only 10%.  In Berkeley, Sutter Health shutting down their Alta Bates Summit ER operations.  But wait, don’t blame ObamaCare on this one.  It’s the result of a 1994 state regulation (SB 1953) requiring hospitals to meet tougher earthquake survival standards, by 2030.

Kentucky:  In Louisville, after 73 years grocery store First Link now up for auction.  The grocery section is shutdown, but the Liquor Store ops will continue until the auction, which is mid-May.  I have yet to find info as to why it’s being auctioned (other than the company needs the money).

Maine: After 110 years (surviving The Great [deflationary] Depression and numerous recessions) the last of the Brooks Brick factories is shutting down.  News reports say they were down to a “handful of employees”.  In Portland, Mercy Hospital shutting down its outpatient addiction treatment center this Friday.  It’s blamed on ObamaCare reduction in funding.  Mercy is joining with other organizations, including local police, in forming the Greater Portland Addiction Collaborative as a way to provide addiction recovery services for those with little or no health insurance.

Massachusetts:  Baystate Health is demanding $10-million taxpayer dollars to avert the layoff of 2-hundred people, due to ObamaCare.  Administrators say that’s just for starters, calling it “bridge funding”, if the ObamaCare situation continues then additional taxpayer funding will be needed!

New Jersey: British empire United Kingdom and Netherlands based Unilever issued a WARN for their Englewood Cliffs operations, 106 jobs gone by the end of June!  It was also revealed that Unilever is getting almost free money from the European Central Bank, as the ECB bought $339-million USD worth of Unilever bonds, at a piddly 0.08% interest.   The “consumer goods” company is also shutting down a call center in Canada.

New York: Iconic New York Times announced it will shutdown its Paris, France, printing ops. 70 jobs lost due to consolidation of operations.  Despite reporting a ‘strong’ first quarter, elitist clothier Coach announced it will eliminate 3-hundred jobs!  Even though Coach made its first quarterly profit in the past three years administrators say they must become more “efficient” by 2017.

Oregon: California based Intel issued a mass layoff WARN, 784 jobs gone by the end of May!

Pennsylvania: It’s been revealed that Texas based petroleum contractor Halliburton secretly laid off 2-hundred employees near Montgomery, last week!  In a fine example of what I call Ripple Effect Layoffs (REL), the impact is immediate as locals are reporting that mom-n-pop shops in Montgomery are already shutting down: “The layoffs are hurting people and its hurting our economy.  A lot of store fronts are closing up and small business people can’t survive. Its not a good thing.”-Allen Bean, resident

“Its hurt us financially, when you have a large company like Halliburton pull out of an area and let a lot of people go it’s a lot of lost revenue.”-Rick Sanguedolce, owner of Riverside Campground

Vermont: Ski resorts Jay Peak and Q Burke Mountain forced to shutdown due to a federal fraud investigation.  The owners of the ski resorts are being accused of frauding investors out of $200-million USD!

Washington: California based Intel shutting down its DuPont location (according to the mayor of DuPont), killing 350 jobs!   DuPont Mayor Michael Courts says Intel administrators did not tell him when the plant would shutdown.   In Browns Point, after 24 years the Ace Hardware shutting down sometime next month: “Business has gotten a little bit quiet. The cost of business has gone up. The amount of money it takes day-to-day; we are just not able to make that number. We’re down 15% over the year. It just never came back after the recession. The years 1991 to 1996 were the best brick-n-mortar retail years.”-Mark Wenner, owner

Washington DC:  After 41 years Bistro Français shutting down so the owner can retire.   What housing market recovery?  The U.S. Department of Commerce reporting that new homes sales have fallen for three months in a row (January to March).  Declining new home sales are falling fastest in the western United States.  The U.S. Navy is shutting down 16 Navy College offices in October.  The Navy hopes to save money by consolidating College offices onto the internet, and eliminating soon to become redundant jobs.

WARN=Worker Adjustment & Retraining Notification

Former employees who receive severance are not counted as unemployed!

Employees of religious non-profits might not qualify for unemployment assistance: “If the non-profit organization is a church, you may or may not be entitled to unemployment. It all depends upon state regulations for church employers. In many cases, churches are allowed to set their own rules regarding unemployment benefits, meaning the church can choose whether to offer benefits to former employees.”

The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”