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Wednesday, November 28, 2012

The Obama Economy: Layoffs And Business Closings - November 28, 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 28, 2012.

Layoffs: November 28, 2012

AMSC Cuts 25% of Jobs in Restructuring as Wind Industry Slows 

 LA - Bogalusa Medical Center layoff notifications go out

Hewlett-Packard to cut 27,000 employees by 2014 

WI -Meriter lays off 50 employees, cites drop in Medicare reimbursements

PA - Lehigh-Northampton Airport Authority approves budget cuts, layoffs

MD - Mercier's Inc. warns of layoffs FOR 75 Employees

TN - Jellico internal memo becomes public, layoffs suggested

IA -Electrolux Laying off remaining 80 workers- Previously cut 700 

Business Closings: November 28, 2012

KY - After 42 years, Drawbridge Inn closing 

CO -Steaksmith shuts down after 31 years, also filing for bankruptcy

IL - Beard Papa's Closes Chicago Store, 4th Block37 store to close since June

MA -Bank of America to close East Freetown location by March 

MO - Cape Girardeau's Salvation Army thrift store closing

Tennessee Valley Church Furniture to close

MO - Hotel Ste. Genevieve Closing At End Of Year

IN- Vertafore Inc. cutting 23 jobs, closing local office

Bankruptcy: November 28, 2012

HI - Biomass producer Big Island Carbon files Chapter 7 bankruptcy

Obama Economy pieces here