Layoffs.

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I was barely looking:

Vestas: 3,000 layoffs. First Energy: 400 layoffs.
Murray Energy: 150 layoffs. Groupon 600 layoffs.
US Cellular: 640 layoffs. Career Education: 900 layoffs.
Mn Dairy Plant: 130 layoffs. Stanford Brake: 75 layoffs.
St. Jude Medical: 800 layoffs. Rocketdyne: 100 layoffs.
Exide: 150 layoffs. TE Connectivity: 620 layoffs.
Ohio Air Base: 115 layoffs. AMD: 400 layoffs.
Cigna: 1,300 layoffs. Caterpillar: 100 layoffs.
TurboCare: 220 layoffs. ATI: 172 layoffs.

...and our CEO just informed us yesterday they cannot make Payroll, so we will not be paid today.

Careful out there.
 
Originally Posted By: sprocketser
Lets hope it s not the begining out there .


It might be the beginning of a nation of part time workers.
 
As awful as it is. The end of year is when these happen.

I wish you the best and start looking for another job now even if you don't follow thru. My experience is it is much easier to find a job employed or fibbing about being employed.

If a company cannot make payroll they are doing something really wrong. Loyalty does not seem to pay off.
 
Originally Posted By: rjundi
As awful as it is. The end of year is when these happen.

I wish you the best and start looking for another job now. If a company cannot make payroll they are doing something really wrong. Loyalty does not seem to pay off.


Not wrong, we are a start-up & rely on investors. Potentially HUGE medical technology.

Good luck out there...
 
Originally Posted By: demarpaint
It might be the beginning of a nation of part time workers.

The new health care law requires "large" employers to provide insurance coverage for employees working 30 hours or more a week. Guess what's going to happen to low-skilled workers currently putting in 30+ hours.

jeff
 
For those of us younger folks, there's no concept of loyalty to a job anymore since none is shown to us. I could care less about my employer aside from the paycheck. They have shown me zero loyalty. I'm simply returning the consideration. It starts from the top, and there is none. I feel it's fair to pack up and leave at the drop of a hat when the company doesn't care about me except as a revenue generator. If that's their mindset and I'm an asset that can be replaced at whim, they get what they have coming to them.

Would I like a job that I can work at for 20-30 years? You bet. I'd like to have loyalty to an organization. Unfortunately that is long-gone.
 
Originally Posted By: greenjp
Originally Posted By: demarpaint
It might be the beginning of a nation of part time workers.

The new health care law requires "large" employers to provide insurance coverage for employees working 30 hours or more a week. Guess what's going to happen to low-skilled workers currently putting in 30+ hours.

jeff


Bingo! We have a winner. It might move up a skill level or two, time will tell.
 
Originally Posted By: demarpaint
Originally Posted By: sprocketser
Lets hope it s not the begining out there .


It might be the beginning of a nation of part time workers.



Close-it's the newest and easiest way to avoid healthcare- the dawn of a new kind of worker (and easy to throw away) - the Temp worker.

And people thought businesses were worried! Nope! Case in point- most of the want ads here are looking for temp/temp to maybe hire jobs.


Knew this was coming....
 
Originally Posted By: daves87rs
Originally Posted By: demarpaint
Originally Posted By: sprocketser
Lets hope it s not the begining out there .


It might be the beginning of a nation of part time workers.



Close-it's the newest and easiest way to avoid healthcare- the dawn of a new kind of worker (and easy to throw away) - the Temp worker.

And people thought businesses were worried! Nope! Case in point- most of the want ads here are looking for temp/temp to maybe hire jobs.


Knew this was coming....


It didn't take a rocket scientist to figure a way around it. Lets see what comes next.
 
If Mass was the model for ObamaCare, whats been the experience?

We MUST have healthcare working or not. The state has something called "mass health".
Sounds great but...

If you don't get it your fined the diff in time you had no healthcare/laid off to when you started working again. Its 18 pages of personal information and you MUST go wait in line, sit with "mass health" rep, keep them informed, keep good records, etc. Its basically a human RMV where your inspected and kept track of. Problem with a tooth that hurts? They won't fill it, they pull it. Did the dentist make that decision? Nope, and said so. So I lived with it till I got another job and got that tooth fixed correctly.

You can't file your state taxes without a healthcare #

A potential employer will pass on you because you don't already have healthcare. some new liability companies have, not sure exactly but there needs to be a smooth hand-off.
 
I've been saying it for years -- One of the most frustrating aspects of the American health care system is how insurance is linked to one's employer. It creates all kinds of screwed up situations and perverse incentives.

It's nuts that premiums paid for a group plan are untaxed, while premiums for a non-group plan are paid with after-tax salary. It's like a 20% tax penalty for buying insurance outside of work.
 
that exide layoff of 150 people is local here in Reading; it's one of their lead recycling facilities. they say they have enough capacity, and the lead market isn't good right now.
and not all is doom and gloom; my company is booming, skilled labor, and we are hiring all the time. when I started here 6 yrs ago, we had one shift; now we have a full 3 shifts.
as for health care, our premiums didn't go up this year and it hasn't affected hiring.
 
Originally Posted By: mpvue

and not all is doom and gloom; my company is booming, skilled labor, and we are hiring all the time. when I started here 6 yrs ago, we had one shift; now we have a full 3 shifts.
as for health care, our premiums didn't go up this year and it hasn't affected hiring.


That's very good, but an example of the exception and unfortunately not the norm.
 
Originally Posted By: tpitcher
Originally Posted By: rjundi
As awful as it is. The end of year is when these happen.

I wish you the best and start looking for another job now. If a company cannot make payroll they are doing something really wrong. Loyalty does not seem to pay off.


Not wrong, we are a start-up & rely on investors. Potentially HUGE medical technology.

Good luck out there...



So then this is nothing out of the ordinary. I deal with people pitching the next greatest huge thing in a couple technology spaces almost every day. Reliance on investors, VC, grants, etc all is a tough road. Nothing new there. Couple it with a CEO that is lacking direction or takes too big a cut, and Ive seen plenty of great stuff just fall by the wayside. Even when money was "free and easy".

Not to be downtrodden on your stuff, but this is just par for the course. Doesnt matter how potentially huge anything is. Technology is frought with risk and difficulty in transitioning and its not going to get any better... especially in what is going to be an austere environment when the key question is why cant we just retain the status quo or even reduce from there?

Sorry to hear about this, I can imagine how stressful it is, and wish you the best.
 
Originally Posted By: mpvue

as for health care, our premiums didn't go up this year and it hasn't affected hiring.


Did the premiums not go up at all, or did your employer absorb the premium increase?
 
Originally Posted By: demarpaint
Originally Posted By: mpvue

and not all is doom and gloom; my company is booming, skilled labor, and we are hiring all the time. when I started here 6 yrs ago, we had one shift; now we have a full 3 shifts.
as for health care, our premiums didn't go up this year and it hasn't affected hiring.


That's very good, but an example of the exception and unfortunately not the norm.


Unfortunately our lack of focus on math and science in the interest of sports and the latest gossip on the hollywood type crowd has made us incapable of getting out of our own way. Id love to hire three people this year, but cannot find anyone sufficiently knowledgable or skilled in the areas Im interested in. So I end up having to do ever more myself. It stinks to not be able to find prople, and unfortunately, many are not good candidates for being "developed" into certain areas either.

The likely candidates, which I cannot hire for various reasons? Foreign nationals from the usual places. Cant do it. Other industry areas can, but if they could hire someone from elsewhere, in their native location at a far lower burdened man-year rate, and with far less oversight and regulation, why wouldnt they?

Am I in agreement with this? No. ut unfortunately it is hpw things often go.
 
Originally Posted By: kb01
Originally Posted By: mpvue

as for health care, our premiums didn't go up this year and it hasn't affected hiring.


Did the premiums not go up at all, or did your employer absorb the premium increase?

IDK the details, but some parts of our plan actually got better for the same money.
we have a pretty innovative plan, with a high deductible, but the company provides a debit card that we use to cover it. the debit card covers co-pays and prescriptions, up to $1500/yr.
the reasoning is, we get a better rate from the ins co w/ the high deducible, and it 's cheaper for the company to pay it than to get a lower deductible plan.
 
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