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Friday, November 23, 2012

The Obama Economy: Layoffs And Business Closings- November 22-23, 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 22-23, 2012. (Updates which are added after original publishing at the top of categories with - New next to them)

Layoffs: November 22-23, 2012

 St. Vincent Health System Cuts Dozens Of Jobs

St. Vincent Health System  has announced layoffs in an effort to trim its budget by $12 million.

The Little Rock health provider recently laid off 29 employees and eliminated 21 other open positions through attrition, by deciding not to fill them. None of the layoffs are patient-care related, as many of them clerical.

 H.C. Starck Inc. Laying Off 67 Employees In Euclid, Ohio

H.C. Starck Inc. is laying off 67 employees at its manufacturing facility at 1250 E. 222nd St. in Euclid.

The company is owned by German.-based H.C. Starck Group, a supplier of technology metals and advanced chemicals. It will lay off the employees — most of whom hold manufacturing positions — starting Jan. 21, 2013, and extending through Sept. 30, 2013, according to a notice filed today with the state under the Worker Adjustment and Retraining Notification (WARN) Act. (You can read the notice here.)

United Technologies Corp. Cuts 42 Jobs In Eagan, Burnsville MN

United Technologies Corp. said Wednesday, Nov. 21, that it has laid off 42 workers at its high-tech facilities in Dakota County as part of a worldwide restructuring of its aerospace businesses.  

Altogether, United Technologies cut 500 workers out of its worldwide workforce of 40,000 in its UTC Aerospace Systems, a 1.3 percent reduction, Mirelez said.  

Timken Cuts 160 Jobs In Ohio, More Layoffs Planned

Declining third quarter sales forced layoffs at Timken Co., and more temporary layoffs will be coming in December.

The company has placed about 160 employees on long-term layoff during the past few months.
Jobs were cut because of scheduling adjustments that Timken had to make as a result of “lower customer demand across its market sectors,” the company said in a statement issued Wednesday. The statement didn’t say how long the workers will be on layoff.

Timken also anticipates separate one-week shutdowns in December at the Harrison and Faircrest steel mills. December traditionally is a time when customer demand drops, the company said.

Job Cuts Planned At Southwestern Vermont Health Care

The president and CEO of Southwestern Vermont Health Care, the parent company of the hospital in Bennington, said he has recently challenged his management team to reduce expenses by $4 million to $5 million, which he said will reduce the number of jobs.

In a letter sent to the Rutland Herald, Thomas A. Dee called that challenge a “first step.”

“To survive with payments at Medicare levels, we will need to reduce our expenses by 15 to 20 percent over the next five to six years,” he said.

Advance Auto will eliminate 80 jobs in Andersonville TN

Contrary to recent media reports, Advance Auto Parts said Wednesday it is eliminating 80 jobs at its Andersonville facility, but it is not closing the warehouse.

After the transition has been completed, about 80 positions will be eliminated, and 10-15 employees will stay in the Andersonville facility

The full-time workers whose positions will be eliminated will be offered a severance package and job placement aid, Advance Auto Parts said. The remaining positions will be filled based on seniority and qualifications.

PNC Financial Services Group Cuts Another 33 Jobs In Houston

As part of its integration process and cost reduction efforts, PNC Financial Services Group Inc. (PNC - Analyst Report) announced 33 job cuts in its builder finance segment in Houston. The downsizing will be implemented in the upcoming month.


However, as part of the integration process, PNC Financial strategically purged a number of business segments such as the builder finance group, which was primarily located in Houston. Even though the majority of PNC’s builder finance portfolio has been trimmed, the bank has shifted parts of the portfolio to other units. The latest layoffs come on the heels of 60 job cuts since March in the builder finance segment. PNC Financial plans to eliminate a total of 93 employees by December.

Updated- AMD Preparing For More Layoffs

AMD employees are not getting much room to breathe these days. In addition to the 1,700 people that were just cut recently, AMD will be laying off an undisclosed number of people in the first half of 2013.

Business Closings: November 22-23, 2012

Citibank To Close Massachusetts Branches

Citibank will close nine of its 31 Massachusetts branches early next year, the company said today. The bank wouldn’t disclose the specific branches that will close, but said they will be mostly outside Boston and the closures will take effect March 15.

Fitz Brothers Farm Fresh Produce Going Out of Business After 100 Years

Fitz Brothers Farm Fresh, served its last customer today.  The business has been in existence for more than 100 years and has several produce stands at New Eastern Market in Springettsbury Township.  The economy and consumers turning to frozen and processed food are to blame for the business’ demise.  Over the years it has employed four generations.  A member from each was on hand Friday as goodbyes were said.

Orwigsburg, PA. FesslerUSA To Close It's Doors After 112 Years

FesslerUSA has provided design services and manufactured knit fabric and apparel and consumer products.

Until recently, it employed 130 people, including office staff, sales employees, knitters, sewers and operators, but is now operating with a "skeleton crew" while the other workers have been either laid off or found other jobs.

Final Weekend In Business For Wichita’s Last Kings-X diner

Sometime after Sunday, Wichita’s final Kings-X at 2014 W 21st St. will be torn down to make way for a new CVS Pharmacy that will go up this summer on the lot where the restaurant has operated since it opened in 1968.

Bankruptcy: November 22-23, 2012

Topeka-area Dairy Farm Chapter 12 Bankruptcy

 A Kansas dairy farm says it has filed for Chapter 12 bankruptcy because continued drought and heat reduced the amount of quality feed and increased stress for the operation's 55 cows.

Iwig Family Dairy issued a news release Wednesday saying its output was further compounded by higher fuel and energy costs.

The Topeka Capital-Journal ( reports the dairy operates out of Tecumseh, just east of Topeka, and has been run by the Iwig family since 1910. It started dairy production, bottling and retail services in 2005.

Obama's Economy pieces at this link.