Small business owners have held out hope for a long time that things will get better. Tuesday’s election results suggest that we’re going to have to wait another four years before we have a President on our side. The layoffs are going to come flying from businesses that cannot afford four more years.
Layoffs announced via DailyJobCuts.com:
- Energizer – 1,500
- Exide Technologies – 150
- Westinghouse – 50
- Research in Motion Limited – 200
- Lightyear Network Solutions – consolidating offices in Louisville and Pikeville
- Providence Journal – 23
- Hawker Beechcraft – 240
- Boeing (30% of their management staff) – 30% of executives
- CVPH Medical Center – 17
- US Cellular – 640 in Chicago
- Momentive Performance Materials – 150
- Rocketdyne – 100
- Brake Parts – 75
- Vestas Wind Systems – 3,000
- Husqvarna – 600
- Center for Hospice New York – 40
- Bristol-Meyers – 480
- OCE North America – 135
- Darden Restaurants – will limit workers to 28 hours per week
- West Ridge Mine – will close down "204 American coal-fired power plants by 2014?
- United Blood Services Gulf – will lay off approximately 10 percent of its workforce
THE SPARK: The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should result in $200 million in pretax yearly savings. Most of the restructuring moves are expected to be completed by September 2014.
THE BIG PICTURE: Energizer will close plants in Missouri, Vermont and Malaysia. It also plans to streamline plants in North Carolina, Canada and some light manufacturing facilities in China. The company also said it will trim overhead spending and look for other ways to cut costs.