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Thread: Massive layoffs and firing after Re election already

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    STEADY WUK Colors's Avatar Colors is offline
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    Massive layoffs and firing after Re election already

    Robert E. Murray read a prayer to a group of company staff members on the day after the election, lamenting the direction of the country and asking: “Lord, please forgive me and anyone with me in Murray Energy Corp. for the decisions that we are now forced to make to preserve the very existence of any of the enterprises that you have helped us build.”
    On Wednesday, Murray also laid off 54 people at American Coal, one of his subsidiary companies, and 102 at Utah American Energy, blaming a “war on coal” by the Obama administration. Although that charge was repeatedly leveled during the election, energy analysts say that the coal-mining business is suffering because of competition from low-cost natural gas and rising production costs of coal, especially in the Appalachian region.

    After Obama reelection, Murray Energy CEO reads prayer, announces layoffs - The Washington Post

    Plus many more:


    http://www.examiner.com/article/scor...-s-re-election


    I hope many of these companies had no other choice before doing this....because many people lives and families are affected by these layoffs coming up.......SAD

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    Earth Angel dollbabi's Avatar dollbabi is offline
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    There have been mass layoffs before, and there will be in the future. My family suffered that before Obama, but like so many, my parents worked 2-3 jobs to make ends meet until the right opportunity came around. Hopefully these people in Utah and others have the same type of mindset, instead of trying to blame Obama. I do hope that company didn't really give over $1 million to the Romney campaign and then turn around fire people as alleged.

    Wait wow...with supporting documentation.

    Coal Miner
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    Earth Angel dollbabi's Avatar dollbabi is offline
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    IMO, the person who compiled the closure list may have just looked for closures and claimed all were a result of the election. Certain links are not working and others do not state anything about Obama. And also...

    How is TARGET in Manassas Mall on that list? Stores in Manassas Mall have struggled with keeping good business since I was growing up. There is so much competition on that strip and Manassas Mall has to keep up with other malls in the area. It's doubtful that has anything to do with Obama but rather with the way things have been for a long time now. Also where is the statement from Target? ETA: The article says the same thing I said. Plus, eligible employees have been offered jobs at other locations.

    Regarding the Grand Union supermarkets, here is a comment about their closure...

    They left I bet because the combination of the new Price Chopper in downtown and Cumberland Farms at Four Corners is going to impact their sales substantially
    Hmmmm...
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    Searching For Answers Hello BKLYN is offline
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    WHOA.. So it starts.. #FearMongering

    A day after an election???
    you mean to say they made a fiscal decision the day after an election?
    WTF

    To suggest that the company would have or should have a different route had Obama lost....

    LMAOO are they serious??
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    Searching For Answers Hello BKLYN is offline
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    I wish i could spend some time in other countries to see what the political climate is around election time... like to see if the average person is a more educated voter than the average american...

    Cause the bullshit on BOTH sides sickens me...

    On the democratic side, it sickened me to see how people were falling pray and eatin up the star power and photo ops for Obama. Like backin obama was the in thing..

    And on the republican/conservative side, the fear mongering and propoganda bullshit.. (oh we need to bring god back in our country, oh the american way of life is under attack)
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    STEADY WUK Colors's Avatar Colors is offline
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    Some of these companies had the layoffs in plan from long ago.....also many of the business like Target and Kmart have been closing stores also around the country for the last couple of years so nothing new.....I am no pro in the Obamacare thingy but I am seeing a massive trend of part time workers and hours being cut with it coming to light now that Obama has been re elected. Many people in these right to work states which can be let go for any reason....which I personally do not like atal......maybe are the ones to get hit the most this is just my opinion........if one thing I wish Obama can bring to light is these states with this right to work thingy.....many of them need to be put on blast asap

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    SAINTSational Nica's Avatar Nica is offline
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    Quote Originally Posted by Mrs. Vega View Post
    There have been mass layoffs before, and there will be in the future. My family suffered that before Obama, but like so many, my parents worked 2-3 jobs to make ends meet until the right opportunity came around. Hopefully these people in Utah and others have the same type of mindset, instead of trying to blame Obama. I do hope that company didn't really give over $1 million to the Romney campaign and then turn around fire people as alleged.

    Wait wow...with supporting documentation.

    Coal Miner
    Quote Originally Posted by Mrs. Vega View Post
    IMO, the person who compiled the closure list may have just looked for closures and claimed all were a result of the election. Certain links are not working and others do not state anything about Obama. And also...

    How is TARGET in Manassas Mall on that list? Stores in Manassas Mall have struggled with keeping good business since I was growing up. There is so much competition on that strip and Manassas Mall has to keep up with other malls in the area. It's doubtful that has anything to do with Obama but rather with the way things have been for a long time now. Also where is the statement from Target? ETA: The article says the same thing I said. Plus, eligible employees have been offered jobs at other locations.

    Regarding the Grand Union supermarkets, here is a comment about their closure...



    Hmmmm...
    this is all so sickening... and it's fear mongering at best. Playing with people's lives for politics. This Murray man should be ashamed of himself, forcing staff to contribute to PACS.

    As for the affordable care act... those companies have been skirting through for years and years with giving workers just enough hours to survive I guess... but just under so that they won't be eligible for healthcare. Now that they will have to provide healthcare, they're threatening layoffs. That shows that there is no care for their workers.

    I worked as a benefits manager for years and while my coporation was owned by a Republican, I cannot say that they used any fear mongering tactics. When the recession hit, we were not laid off but instead we (managers)didn't get raises for 2 years. The hourly employees did. The way the owner dealt with the situation was commendable. While other hotel companies laid off staff, he maid sure we all kept our jobs and sacrificed a little. Why can't other owners come up with measures to do the same? Now the company have over 10k associates and continues to grow.

    Some people are just sick I tell you.
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    Dragon Singh IslandmixUSA's Avatar IslandmixUSA is offline
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    De People get what they wanted LOL


    Boston Scientific anticipates $100 million in additional taxes next year, with layoffs to follow. Medtronic estimates a $175 million loss in 2013 and will cut 1,000 workers. Stryker plans 1,170 job cuts.

    Other medical manufacturers will follow: Smith & Nephew, with 770 layoffs; Abbott Labs, 700; Covidien, 595; Kinetic Concepts, 427; St. Jude Medical, 300; Welch Allyn 275; and Hill Rom, 200.

    In January, medical device manufacturers in the U.S. will be asked to take a 2.3 percent hit to their bottom line in the form of a 2.3 percent tax on medical devices, part of the Affordable Care Act, aka Obamacare.

    The 2.3 percent tax will be imposed on gross sales of products from elastic bandages to pacemakers to imaging systems. Although the tax is intended to raise $28.5 billion over 10 years to help cover the costs of Obamacare, opponents warn there will be unintended consequences.

    Not all medical manufacturers are multinational, multibillion dollar conglomerates that won't feel a 2.3 percent pinch. It may sound like a small amount, but 2.3 percent of gross sales is equivalent to about 15 percent in gross profit. In a medium- or small-sized company, 15 percent of gross profit could be the entire budget of a product team. Some could be literally taxed out of business.

    The industry won't stand idle to "pay their fair share" either. Corporations will simply move their operations where they can enjoy a lower tax burden. Since the U.S. currently has the highest corporate tax rate in the world, isn't the "fair share" burden already being met?

    Medical companies are taking the hint. Cook Medical put plans for five new U.S. manufacturing facilities on hold and will likely redirect growth overseas. Boston Scientific recently announced a $150 million investment in China over the next five years for new manufacturing facilities and 1,000 employees.

    Costs will be offset with layoffs, cutting R&D, and higher prices to their customers, hospitals and provider groups. Hospitals will pass it to insurance providers, who will pass it to us in higher insurance premiums. The Wall Street Journal calls this the "Obamacare trifecta," less innovation, fewer jobs and higher health costs.

    But this tax on medical devices is just a microcosm of the overarching philosophy that raising taxes will increase funding for government. It appears simple enough. Introduce higher tax rates, or a new tax, and tax revenues increase accordingly.

    The Obama administration wants to raise taxes on rich people also.

    Will they merrily send more money to the government? No. Accountants will devise strategies for them to protect their wealth. And federal tax revenues will go down, not up.

    Despite the math, lower taxes have long been shown to be the recipe for increased tax revenues.

    John F. Kennedy said after higher taxes failed to increase revenue, "it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."

    We have several examples of this in our history. The Harding administration in 1921 followed by the Kennedy, Reagan and George W. Bush administrations all lowered tax rates resulting in lower unemployment, higher personal incomes, and higher federal tax revenues.

    Lower taxes encourage businesses to expand. That encourages investors to invest.

    The growth of businesses means new jobs. Business growth, investment growth, job growth means more revenue to the government. Less is more.

    The coming national election offers voters a choice of very different philosophies. Tax the population into prosperity or incentivize the private sector to grow. Now that you know what rich companies and rich people do in response to the former, which should be our path?

    Neil Shirley of Camarillo has more than 20 years of experience in the medical device industry.

    © 2012 Ventura County Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Read more: Shirley: Medical device tax will impact jobs and costs » Ventura County Star
    - vcstar.com

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    Registered User dedetriniking's Avatar dedetriniking is offline
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    any company crying about having to lay off workers just a few days after the presidential elections weren't competitive in their industry to begin with. Its survival of the fittest....isn't that what capitalism is about?
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    Ganjalero Collie4Nyah's Avatar Collie4Nyah is offline
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    Quote Originally Posted by dedetriniking View Post
    any company crying about having to lay off workers just a few days after the presidential elections weren't competitive in their industry to begin with. Its survival of the fittest....isn't that what capitalism is about?
    Yes, but it somehow magically becomes a socialist state when a democrat is elected
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    Weakness fuh Sweetness Yankee Doodle's Avatar Yankee Doodle is offline
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    Quote Originally Posted by Dragon View Post
    De People get what they wanted LOL
    But with what you quoted...the solution is in the problem. The answer is simple. SIMPLIFY THE TAX CODE. Institute VAT, set consistent and higher tarrifs on imported goods and exported services used in this country (manufacturing, call centers, etc.), and have a flat tax on personal income.

    Give companies a break for doing manufacturing here and make things made in the US either VAT-free or at a discount. It's really not that hard.

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    Registered User Seawall's Avatar Seawall is offline
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    Quote Originally Posted by Hello BKLYN View Post
    I wish i could spend some time in other countries to see what the political climate is around election time... like to see if the average person is a more educated voter than the average american...

    Cause the bullshit on BOTH sides sickens me...

    On the democratic side, it sickened me to see how people were falling pray and eatin up the star power and photo ops for Obama. Like backin obama was the in thing..

    And on the republican/conservative side, the fear mongering and propoganda bullshit.. (oh we need to bring god back in our country, oh the american way of life is under attack)

    When was God in the country? Oh I forget, when the Indians were being slaughtered, during slavery and apartheid, and the endless wars. And about the "American way of life" see above.
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    Registered User Steupz's Avatar Steupz is offline
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    Quote Originally Posted by dedetriniking View Post
    any company crying about having to lay off workers just a few days after the presidential elections weren't competitive in their industry to begin with. Its survival of the fittest....isn't that what capitalism is about?
    This is a clear misrepresentation. The issue here is about the future not the past.
    They are saying every indicator suggests 4 more years of the same and they cannot afford that. It has nothing to do with competitiveness to begin with. Clearly - in their minds, eh - they came through 4 years of Obama but they cannot afford EIGHT!

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    DSP
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    It doesn't matter who is in office. The presidential chair has it's assignments already laid out.

    The power of single nation states and single government is diminishing when it comes to addressing corporate/economic issues.

    Corporations are using software and machines to do jobs that people would normally do. This where the jobless recovery comes in. the new jobs being created are far fewer than the ones that have been lost. In a way its' insane to go full steam with this trend without analyzing and assessing how to change the current way people live, because no one will be able to buy their products if this keeps up for the next 4-5 decades.
    Collie4Nyah and Colors like this.
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    Ganjalero Collie4Nyah's Avatar Collie4Nyah is offline
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    Quote Originally Posted by Hello BKLYN View Post
    I wish i could spend some time in other countries to see what the political climate is around election time... like to see if the average person is a more educated voter than the average american...

    Cause the bullshit on BOTH sides sickens me...

    On the democratic side, it sickened me to see how people were falling pray and eatin up the star power and photo ops for Obama. Like backin obama was the in thing..

    And on the republican/conservative side, the fear mongering and propoganda bullshit.. (oh we need to bring god back in our country, oh the american way of life is under attack)
    Only other country I've been in during an election was Guatemala.
    Interesting experience.
    UN everywhere. And EVERY vote counted by hand and televised.
    As far as the voters being well informed or not, about the same. I did find it interesting how many candidates/parties there were, and how they were nearly just as prevelant, as the two major parties, in regards to advertisements and campaign presence
    Hibernation is a covert preparation for a more overt action.


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