US Daily Job Cuts and Stores Closings June 1, 2012

US LAYOFFS

Comcast Corp – 65

Cherokee County Landfill and Recycling Center in northwest Iowa. – 6

Eagle Newspapers – 2

The Telefunken Semiconductors International plant in Roseville CA – 40 to 50 Layoffs Likely

Update: Mazda – 250 Jobs in US and Europe

The Bayview Center for Mental Health Pembroke Pines – Warns of 58 Layoffs

Pasco School District FL – 87 Layoff Notices

Key Technology – 11% of Workforce or 60

The Rochester City School District NY – 56

West Ottawa Public Schools – 50+ Support Staff

Pittsburgh Public Schools PA – 285Layoff Notices

US STORES CLOSINGS

Bertucci’ in Atrium Mall Newton MA

Office Depot is closing its Omaha location at 72nd & Jones

Ansell Hawkeye Glove Manufacturing at Fort Dodge Plant

French Antiques Direct on Washington Avenue in Natick MA

Wegmans Closing Pond Street Store in Syracuse NY

Mary Contrary Boutique in Greensboro NC

Update: Printpack Closing Plant in Hendersonville NC

General Motors is going ahead with plans to close its consolidated plant in Oshawa, Ont ( International )

Weddingbelle NYC, at 486 Main St. in Warren RI

Iowa Health System closing its pain clinic near Iowa Lutheran Hospital in Des Moines Iowa

Jazzy Crafts in Castro Valley CA

Gander Mountain is closing its store in Hanover County VA

Wayne Memorial Health System will close its unprofitable Wayne Delaware Manor in Beach Lake

Update: Brooks Food Group Talks About Closing Plant in Bedford VA

Research In Motion Ltd Will Layoff Up to 6,000 Workers

Certainly RIMM shares are not looking so hot today, not even after the JP Morgan “take-over”; oh yes, I know, RIMM said they were “hiring” JP Morgan for financial advisory and for them to “assist in reviewing RIM’s business and financial performance”; allow me to laugh, most likely they will push for a sale and make tons of profit at the expense of the shareholder.

One source close to the company told Reuters the impending layoffs could hit as many as 6,000 people and affect RIM’s legal, marketing, sales, operations, and human resources divisions.
“The strategic question is: are you accelerating into a better future or shrinking to a niche operation,” said the source, who declined to be identified due to the sensitive nature of the job cuts.

Source

The San Diego Unified School District Board of Education will layoff 1,534 Workers

John Williams is a well renown and respected international economist, who has been analyzing the REAL statistics about unemployment, GDP an other numbers that provide us with accurate information, not like the ones coming from the governments of the world. So, if you consider yourself intelligent and sovereign, read his statistics; you don´t need to buy his news letter (I don´t), just Google his name, find videos where he has given interviews, LISTEN to him and make your own conclusions.

The San Diego Unified School District Board of Education approved 1,534 teacher, nurse, and counselor layoffs Tuesday night, a move that could boost class sizes and leave roughly 20 percent of the district’s teaching force without a job next year.

The layoffs are designed to help stem a projected budget shortfall of $122 million in next year’s budget.

“We have to do so to stay afloat,” said Superintendent Bill Kowba Tuesday.

Tuesday’s vote is the official end to a process that began in March, but does little to indicate how many employees will actually be out of a job next school year.

A “few hundred” teachers and certified employees who received notices will return next year simply because of staff vacancies, said Lamont Jackson, Chief Human Resources Officer.

“Even though I’ve been teaching nine years, I’m getting a layoff notice this year. My fourth one in five years,” said Dennis Schamp, a language arts teacher at Lewis Middle School.

Read more

Dr. Lacy Hunt Inflation VS Austerity in the US China Greece

Dr. Lacy Hunt (An internationally known economist and author of two books and numerous articles in leading magazines, periodicals and scholarly journals) explains clearly and intelligently how the American economy is in a dangerous path of financial deterioration.

Hewlett-Packard to Layoff 30,000 Workers

Obviously there hasn´t been any recovery, not at all, and this is proof that the actual system still collapsing. The only ones that don´t want to recognize it are the ones that are too scare to admit it and the ones that are too fool to see it.

HP CEO Meg Whitman didn´t do a good job, saving the company from going broke. One thing is for sure, this doesn´t look good and won´t look good for Whitman´s resume.

HP CEO Meg Whitman

Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

Bloomberg News says HP is mulling 25,000 job cuts. All Things D, a technology blog, estimates the purge will jettison 30,000 jobs. Both reports cited unnamed people familiar with HP’s plans.

Hewlett-Packard Co. declined to comment Thursday.

The Palo Alto, California, company ended its last fiscal year with nearly 350,000 employees. Based on that, HP is considering a 7 to 9 percent decrease in its workforce.

Complete report

Spanish Bank Run at Bankia Moodys Downgrades Spanish Banks

As I have been saying since 2009, when the Global Modern Day Depression started, the financial system is broken not only in Greece but all over the world; it is simply not sustainable anymore. All the excesses and greed that global institutions, corporations and governments  have commited for ions are now putting the economy of the world under severe distress and danger of collapse.

Bank run at BANKIA

Zerohedge reported

As was leaked earlier today, so it would be:

• MOODY’S CUTS 16 SPANISH BANKS AND SANTANDER UK PLC
• MOODY’S CUTS 1 TO 3 LEVELS L-T RATINGS OF 16 SPANISH BANKS
• MOODY’S DOWNGRADES SPANISH BANKS; RATINGS CARRY NEGATIVE

In summary, the highest Moodys rating for any Spanish bank as of this point is A3. But luckily the other “rumor” of a bank run at Bankia was completely untrue, at least according to Spanish economic ministry officials, so there is no need to worry: it is all under control. The Banko de Espana said so.

Related articles

• The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations (theeconomiccollapseblog.com)
• Is the world about to unravel? Investor warns we are going to see bank runs happening all over Europe (theextinctionprotocol.wordpress.com)
• The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations (sgtreport.com)
• Moody’s said to downgrade Spanish banks (rt.com)

Greece Run on its Banks on the Brink of Collapse

DEFAULT PODIUM

Greese, Spain, Portugal, Italy…things are not pretty in the Europe right now.  This issue will soon hit the USA. Are Americans who are 20 or 30 years old, (born in the 80′s and 90′s) obligated to pay debts —agreed to in the 40′s and 50′s—over which they had no (vote) say? Something to ponder about.

Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro.
As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency.
Christine Lagarde, head of the IMF, warned she was “technically prepared for anything” and said the utmost effort must be made to ensure any Greek exit was orderly. The effect was likely to be “quite messy” with risks to growth, trade and financial markets. “It is something that would be extremely expensive and would pose great risks but it is part of options that we must technically consider,” she said.

Read more

London Finance Firms Will Layoff 25,000 Workers

It is obvious that the financial recession in the world keeps getting worse as thousands of companies continue laying workers off, and all this because the global economic system has been proven to be unsustainable.

“Jobs in London’s finance sector will slump to their lowest level for 16 years as the euro zone crisis is predicted to cause over 25,000 layoffs in 2012.

That would push the number of jobs lost in the City of London since the top of the financial boom in 2007 to 100,000, the Centre for Economics and Business Research (CEBR) said.”

Read complete article

Wonder Hostess Will Layoff 18,000 Workers this May and June

I wonder about Wonder, is it going to disappear or is it going to be bought out by Bimbo or another company? So far, the information out there is not very positve for Wonder Hostess, and I must say neither for Teamsters.

doctoramarthacastro.wordpress.com

Hostess Brands Inc. on Friday sent out letters notifying its more-than 18,000 workers that they could be laid off in the next two months.

The maker of Twinkies and Wonder Bread on Friday mailed out WARN Act notices to all of its employees, a Hostess spokeswoman confirmed to Bankruptcy Beat Monday. The federal WARN Act requires companies to give employees 60 days notice before closing a facility or ordering mass layoffs. However, sending the notices doesn’t mean a company is definitely going to lay off the recipients.

Read more about this “WRECKOVERY”

Related articles

• Twinkies and HoHos are on Strike (friendseat.com)
• Teamsters strike may kill off Twinkies. Let the hoarding commence. (eatocracy.cnn.com)

Max Keiser Report Bankers Stole Labor Day Fascism

The first half of this episode is very funny, informative too, but Max Keiser and Stacy Herbert together are a blast. Stacy cites lots of important economic and geopolitical headlines, then she gives her opinion and Max does it too, in a very honest way, I must say. The second half of this episode you should watch. I am appalled about the cruelty committed against animals by several corporations who only care about profit, with no morals at all.

In this episode, Max Keiser and co-host, Stacy Herbert discuss the bull market in discontent, MF Global clients begging JP Morgan for their money back, Zynga insiders dumping shares in an ‘innovative’ manner and Max does a mean impersonation of Jamie ‘Pick a pocket or two’ Dimon. In the second half of the show Max talks to activist Andy Stepanian about animal rights activism, Occupy Wall Street and the dangers of success against corporations.