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Wednesday, November 21, 2012

The Obama Economy: Layoffs And Business Closings - November 21,2012

By Susan Duclos

Additional layoffs and business closings will be listed as they are announced throughout the day. Below are reports found on November 21, 2012. (Updates which are added after original publishing at the top of categories with - New next to them)

Layoffs: November 21, 2012

GE Healthcare layoffs also hit Vermont plant

Metro Milwaukee is not the only local economy that will feel the pain of GE Healthcare layoffs — the company also announced it is laying off about 10 percent of its Vermont work force, or about 50 positions.

Benjamin Fox, a GE Healthcare spokesman, told the The Barre Montpelier (Vt.) Times Argus: “While GE Healthcare regrets the loss of any jobs, the business needs to make tough decisions in the current economic climate.”

 Advance Auto Parts in Andersonville TN, 80 to be laid off

Some 80 employees of the Advance Auto Parts distribution center are facing pink slips as part of a sweeping reorganization of the company, but its 119,000-square-foot facility will remain open.

AT&T Lays Off 71 Operators In Waterbury And New Haven, CT

AT&T is laying off 71 employees from its Waterbury and New Haven locations, company and union officials said Tuesday. The eliminated positions were mostly directory assistance operators

 St. Mary's of Michigan announced Layoffs and cutting employee's work hours

St. Mary's of Michigan announced Tuesday that because of a "challenging environment that calls for low-cost, high-quality care," the hospital is laying off 24 employees and scaling back the hours of a further 46 employees.

The healthcare provider cited reimbursement shrinkages and that all hospitals would need to adapt to the new "reality."

SolarWorld Industries America Inc in Camarillo CA, another 25 layoffs

SolarWorld Industries America Inc., which has been reducing its Camarillo workforce in stages since opening a manufacturing plant three years ago in Oregon, has laid off 25 more employees locally.

 HSBC cuts 60 jobs in Buffalo, NY

HSBC Bank USA is laying off about 60 workers in downtown Buffalo following a reorganization last week, with some positions transferred to third-party vendors that employees can apply to for jobs.

Business Closings: November 21, 2012

Craft Master Manufacturing Incorporated Door Division, Ozark AL Closing on Dec. 31

An Ozark business will be closing its doors by the end of the year. 

Craft Master Manufacturing Incorporated Door Division, otherwise known as CMI Door, will close permanently on December 31.

About seventy people will lose their jobs.

143 yr old newspaper, The News and Messenger, ends on Dec. 30

The news media industry is turning a new page. For residents of Prince William County, just outside Washington, D.C., this means they won't be turning pages at all. At least, not the pages of The News and Messenger, their 143-year-old local newspaper.

The life of the five-day-a-week, 10,000 circulation newspaper serving the county's more than 420,000 residents has met its fate. The last edition of the paper will be printed on December 30, at which point its 105 employees will be out of work.

Just last year, World Media Enterprises, a subsidiary of Warren Buffet's Berkshire Hathaway Company, purchased the Media General newspaper chain, giving many hope for the local paper's survival in the digital age. But unlike the paper, the hope was short-lived.

Bharat Forge America Inc closing Lansing Michigan facility

A south Lansing manufacturer plans to close its facility by the end of the month, citing declining business.

Bharat Forge America Inc., a division of Indian manufacturer Bharat Forge Ltd. that builds forged materials for automotive and other industries, will shut down Nov. 30 barring a last-minute sale of the business, said Stu McGowan, company president and CEO.

 Cheapo Records in Texas closing after 15 years

Austin's own Cheapo Records will be closing after 15 years of selling records and CD's.

The store will be closing at the end of December and the closure is due to not being able to compete with discounted and free music downloads available on the internet.

Two Henderson Nevada libraries prepare to close their doors

After years of page-turning adventures, it’s the final chapter for two Henderson libraries.

The Malcolm and Galleria Libraries will be closing in a matter of days after voters decided against a tax hike to save them.

  Xpedx paper supply closing Salt Lake City and Orem retail stores on Nov. 30

 The office supply, packaging and paper company xpedx is closing its Salt Lake City and Orem retail stores on Nov. 30.

All inventory is being sold at 50 percent off while supplies last.

Hennessey's Washington Bar to close by end of year

A Morristown icon will be gone by the end of the year.

The Facebook page for Hennessey's Washington Bar, on Morris Street, announced Tuesday afternoon the business had been sold and would be closing by the end of the year.

Lake Orion’s Camp Agawam Boy Scout camp closing in Michigan

Lake Orion’s Camp Agawam, a Boy Scout camp on West Clarkston Road since 1918, is one of three Michigan Scout camps that will not operate in 2013.

In a message posted on the Boy Scouts of America’s Great Lakes Council webpage, the council announced that the “difficult, but necessary” decision was made to close the camps after a committee review of the council’s Michigan camping programs and properties. The move comes after a 2011 study found that Scouting membership and revenue have declined “precipitously” in Michigan, due at least in part to the recession.

Obama's Economy pieces at this link.