Ohio near top of mass layoff list in 3Q

[UpInArms]

http://columbus.bizjournals.com/columbus/stories/2005/11/14/daily36.html?jst=b_ln_hl

Ohio ranked sixth in the nation for third-quarter job losses due to mass layoffs, the U.S. Bureau of Labor Statistics reported Thursday.

<snip>

Ohio employers initiated 36 mass layoff events in the third quarter, which led to 6,621 lost jobs. They cut 7,527 jobs in 48 mass layoffs in the third quarter of 2004. The bureau defines a mass layoff as 50 or more jobs cut from a single company within a 30-day period.

Nationwide, U.S. employers eliminated 136,280 jobs in 742 mass layoffs in the third quarter. They cut 164,608 jobs in 886 mass layoffs in last year's third quarter.

...more at link...

[formerrepuke]

1. On the bright side, we can carry concealed weapons and gays can't

get married.. So glad that the godly foursome of Taft/DeWine/Voinovich/Blackwell are looking out for us.

[Tesla]

2. Wait till Delphi starts shutting down........

Dayton will be a ghost town......

[cassiepriam]

3. Yep, I think so.

[Mountainman]

15. I grew up in Dayton back when there were NCR, Frigidare, Chrysler Air Temp

Delco, Renolds and Renolds, on and on.

[Kolesar]

7. This means unemployed gay people can carry concealed weapons...eom

[Tesha]

4. Golly, how tragic for them! Even though they (may have) voted for Bush...

Golly, how tragic for them! Even though they (may have) voted for
Bush they're still getting pummelled!

Maybe they'll vote massively Democratic next time?

Nahhh....

Tesha

[AnneD]

14. Ya throw the election for them

and this is all the thanks ya get.

[flayellowdog]

5. Pensions

If and when Delphi CEO Steven Miller dumps the employee pension plan like he did United Airlines, we all will have to pay. Where does Congress think they are going to get 21 billion more for PBGC? I guess Dubya will have to print some more!

[Dr.Phool]

6. I've had a house for sale in Cleveland for 3.5 years

No jobs. Nobody buying. I've had it for give-away prices. No Takers.

[Romigi]

9. That sucks Dr. Phool

I hope you find a buyer buddy. :(

[Romigi]

8. It's part of a bigger trend

Delphi is just the first to shut down. This is only going to get worse. Most economists have expected GM and Ford to declare bankruptcy in the next 10 years. This seriously could be the end for the American car industry as we know it. GM lost over 3% of its marketshare this past year and it is currently in the process of losing more as its credit rating is cut further down into junk status. Ford's in the same boat. Asking those corporate pigs to give up their bonuses isn't going to work. We all know they'd go into a pond with rabid hippos in the middle of mating season before giving up their bonus. It doesn't look good - especially for unions.

I've read that all the European and Asian car companies are building their American plants in the South where unions have zero influence. Expect GM, Ford, and Chrysler to do the same as they seek ways around unionizing. Either that or they'll just move the plants to Mexico or China to bypass the prospect of unions all together. I seriously think the middle class of Detroit, Toledo, and other Midwestern cities are in for a rude awakening over the next 20 years as all their plants shut down either from their companies folding or outsourcing.

[zorro349]

12. I'm going to have to move away from Youngstown

Youngstown is already hugely deprived and has a horrible unemployment rate. If this area loses Delphi and Lordstown General Motors I don't even want to think what the area would be like.

[Romigi]

16. Not trying to get you down Zorro, but I think it will get worse pal

This is all part of a much larger trend. Most demographers expect millions from the Midwest and the Northeast to move primarily west and secondly south.

Nevada, California, Colorado, and Arizona are all expected to have huge gains in population as New England in particular shrivels up. Besides, it's expected that outsourcing will get worse and I expect that GM will move all their operations save corporate offices out of the country. And I think they'll even move their corporate offices somewhere out west. Probably to Nevada where they have really, really lax corporate tax laws at the moment.

[Prisoner_Number_Six]

10. Think they'll ever connect the dots?

I, for one, doubt it.

[daa]

11. I, for one, agree with you.

I know what I would do if Diebold was in my backyard.

[Mountainman]

13. Well they voted for the repukes time and again. So sorry charlie

[Lindsay]

17. I got out of Ohio before I had to be the one to turn out

the lights.

My nephew and his family still live there. He's a Republican who's so disgusted by the the criminality of the party that he's thinking about voting a straight Dem ticket next time.

[xchrom]

18. but republicans will save them with tax cuts!

oh wait they did that already.

[PeaceProgProsp]

19. Republican corps sent so many jobs to OH in 04 to help Bush that the

bubble they artificially inflated only had one move left and that was to deflate after the election.