Tag Archives: Obamacare

Massive Layoffs

In the past 48 hours, these companies reported layoffs:
Westinghouse – 200
Research in Motion Ltd – 3,000
Lightyear Network Solutions – 15
Providence Journal – 23
Hawker Beechcraft – 410
Boeing 61,000
CVPH Medical Center – 17
US Cellular – 980
Commerzbank – 6,000
Iberia – 7,000
Momentive Performance Materials – 150
Brake Parts – 75
Vestas Wind Systems 1,700
Husqvarna – 390
Ericsson – 14,000
SRA International – 222
PerkinElmer – 75
Majestic Star Casino and Hotel – 80
Center for Hospice NY – 80
Bristol-Myers – 500
Lower Bucks Hospital – 500
Oce North America – 9
Corning United Blood Services Gulf – 150
Atlantic Lottery Corporation – 16
Welch Allyn – 10% of manufacturing work force
Dana Holding – 12% of work force
Stryker – approx 5%
Boston Scientific – Unspecific amount
Medtronic – 1,000
Smith & Nephew – 80
Abbott Labs – 550
Covidien – 600
Kinetic Concepts – 300
St. Jude – 300
Hill Rom – 200
Darden Restaurants – 3%
JANCOA – 350
Kroger – 30
ING – 2,350
Caterpillar – 4,000 (Decatur plant)
Alcatel-Lucent – 5,000
Umatilla Chemical 34
Rocketdyne…100
Pepsi – 8,700
Bank of America 30,000
And the unnamed Las Vegas Employer who let go of 22.

No, I’m not making this up.  Some of these layoffs were planned in advance of the Election regardless, but were asked to not announce until after the election – such as Boeing, who had been hinting at it though for some time.  Many of the others were holding on and were not going to lay people off if Romney won.   Many of these companies just couldn’t afford to keep them on thanks to the Healthcare laws passed which would have been repealed under Romney.
Guys, this has just started.  There are going to be more layoffs coming.  Buckle up.  It’s going to get bumpy.

For you business owners out there… something to think about….
You didn’t fire those workers.  The Democrats did.