Thursday, November 15, 2012

Elections Have Consequences...

Since the election last Tuesday, many companies have begun to take pro-active steps to avoid the coming cost of Obamacare. While some companies are pushing the costs to their employees, other companies, like Denny's, are putting the cost on consumers through an Obamacare surcharge. 

Now many of my liberal minded friends will probably think these CEO's are heartless "one-percenters" and should absorb the cost themselves. But why should these CEO's  be forced to pay to provide a service to their employees if they don't want to? When did it become our right to force them to pay for it? You enter into an employment contract willingly. No one forces you to take the job. As such, if you do not like the benefits you are being provided with, quit. 

Instead, we as a country have conceded to the entitlement mentality, and it is already beginning to destroy our country. Jobless claims have risen 78k since the election pushing unemployment to 439k, the highest level since April 2011.

Here is a list of some, not all, of the companies that have announced layoffs in the last week:
Bombay - closing remaining stores
Brake Parts – laid off 75 workers
Bristol-Meyers – laid off 480 employees
Cache - will close all stores
Center for Hospice New York – temporarily laid off as many as 40 employees
CVPH Medical Center - handed pink slips to 17 employees
Darden Restaurants – will reduce workers to 28 hours per week to avoid paying for Obamacare
Dillard's - to close some stores
Disney - closing 98 stores and will close more after January
Eddie Bauer - to close stores 27 stores and more after January
Energizer - expects to shed about 1,500 employees  
Ethan Allen closing down 12 stores.
Exide Technologies - laying off 150 workers, effective no later than March 31
GAP - closing 85 stores
Hawker Beechcraft – Laid off 240 employees 
Home Depot-  closing 15 stores 1 in NJ
Hostess - closes 3 bakeries
Husqvarna – laid off 600 employees
JC Penney - closing a number of stores after January
J. Jill - closing all stores 
K B Toys - closing 356 stores
Lane Bryant, Fashion Bug ,and Catherine's - to close 150 stores nationwide
Levitz - closing down remaining stores
Lightyear Network Solutions – Laid off more than one dozen employees 
Linens and Things - closing all stores
Lowes  - to close down 30 stores
Macy's - to close 9 stores after January
Momentive Performance Materials – laid off about 150 workers
Movie Galley Closing all stores
OCE North America – laid off 135 workers

Piercing Pagoda - closing all stores
Providence Journal - Laid off 23 full-time workers
Research in Motion Limited - laid off about 200 people at its U.S. headquarters 
Rocketdyne – laid off about 100 employees 
Sharper Image-  closing down all stores
Sprint/Nextel - closing 133 stores
Talbots & Pacific Sunwear - closing down specialty stores
Texas Instruments - will lay off 1,700 employees (H/T to @Repub9989)

United Blood Services Gulf – will lay off 10% of it’s workforce
US Cellular – laid off 980 employees  
Vestas Wind Systems – laid off  3,000 staff
Whitehall - closing all stores
West Ridge Mine - Will close down “204 American coal-fired power plants by 2014″
Westinghouse – laid off another 50 employees
Wickes Furniture - closing down all stores
Zales - closing down 82 stores and 105 after January

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