Companies Lay-Off Thousands, Close Stores, Affects “Michigan Workers”

A Tsunami of Store Closings and Layoffs

I’ve been posting and reporting this for months now while some choose to blow off my reports even going as far as saying the economy is doing much better!

That day of reckoning, some say, has arrived, with one retail watcher predicting a “tsunami” of store closings this year.

http://www.detroitnews.com/article/20140308/BIZ02/303080019A Tsunami of Store Closings Layoffs

Hewlett-Packard Expands Job Cuts by another 5,000

The computer company will eliminate 5,000 more jobs than originally planned, bringing the total number of layoffs to 34,000 by October. Hewlett-Packard employs thousands of workers here in Michigan.

http://www.bizjournals.com/albany/morning_call/2014/01/hewlett-packard-expands-job-cuts-by.html

RadioShack to Close up to 1,100 U.S. Stores

The Company didn’t immediately identify which stores will close or how many jobs would be affected. A call to the company, based in Fort Worth, Texas, was not returned Tuesday afternoon. RadioShack employs thousands of workers here in Michigan.

http://www.detroitnews.com/article/20140304/BIZ02/303040046/0/BIZ02/RadioShack-preps-ax-up-1-100-U-S-stores

Staples to Shutter 225 stores

It’s is unclear how many jobs will be lost or what locations will be shuttered. The company did not immediately return a call from the Associated Press early Thursday. Staples employ thousands of workers here in Michigan.

http://www.detroitnews.com/article/20140306/BIZ02/303060051/0/BIZ02/Staples-shutter-225-stores-sales-move-online

Denver-based Quiznos to file for Bankruptcy

Quiznos operated about 5,000 restaurants at its peak in 2008, but the count has since dropped to an estimated 2,100 worldwide, including 1,400 in the U.S.

There are numerous Quiznos restaurants located throughout Michigan that employ thousands of workers. Quiznos is the second-largest submarine sandwich shop chain in North America, after Subway.

http://www.denverpost.com/business/ci_25241309/quiznos-preparing-file-bankruptcy-protection

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