Crain's Reports Layoffs Coming for Companies Including Walgreens and Sun-Times Media
Nearly 1,200 jobs could be lost at prominent companies.
Nine companies are reportedly preparing for nearly 1,200 layoffs throughout Illinois, including Walgreen's, Kmart and Sun-Times Media, according to Crain's Chicago Business.
Deerfield-based Walgreen's, which reported strong January sales due to the bad flu season, will reportedly lay off 65 warehouse workers in west suburban Berkeley. Kmart, part of Hoffman Estates-based Sears Holdings Corp., plans to lay off 98 employees when it closes a Naperville store in the spring, reported Crain's.
Sun-Times Media, publisher of the Chicago Sun-Times and other suburban papers, warns that 274 jobs in Glenview, Tinley Park and Aurora could be eliminated due to consolidation.
Don't Blame Me 2013
4:35 pm on Tuesday, February 5, 2013
Get used to headlines like this one. I'm sure it will be the norm in 2013.
Thanks to the Democratic party and their messiah Obama.
McCloud
4:46 pm on Tuesday, February 5, 2013
Economic contraction, monetary inflation, high Dow, lower productivity, sooner or later the balloon will pop and recession will begin again. This time the Dow is in for a ride down making world markets panic.
RB
5:04 pm on Tuesday, February 5, 2013
There ya go, living in the past, again...2007,2008. The Imploding Bush Years, put them behind you Macko!
McCloud
5:44 pm on Tuesday, February 5, 2013
Actually it is the this year's, 2013, outlook from the CBO, oh and they also claim that there will be 7 million more folks without health insurance due to Obamacare law. You know, the same CBO you guys used to get the bill passed in the first place. Right?
RB
5:59 pm on Tuesday, February 5, 2013
There you go...Making stuff up again. The CBO report you kind of selectively represented says 27 million more people will have insurance than today. That's down from original estaimates but your numbers imply 7 million fewer when it's really 27 million MORE. I know you're desperate but keep it somewhat honest.
McCloud
6:25 pm on Tuesday, February 5, 2013
Yeah, I think we all are desperate, after 4Q reduction in GDP and now this story.
http://www.breitbart.com/Big-Government/2013/02/05/CBO-2013-Forecast-Unemployment-GDP-Health-Insurance
RB IS CLUELESS
6:32 pm on Tuesday, February 5, 2013
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
Read more: http://www.washingtontimes.com/blog/inside-politics/2013/feb/5/obama-health-law-will-cost-7-million/#ixzz2K4g2Ivat
Follow us: @washtimes on Twitter
RB
7:31 pm on Tuesday, February 5, 2013
You're picking and choosing data....this is from Bloomberg today which you fail to mention. About 27 million people are expected to gain coverage by 2017, according to a report today from the Congressional Budget Office. The CBO had projected when the law passed in 2010 that 32 million uninsured people would be on a health plan within a decade, and a year later raised its estimate to 34 million.
Fifteen Year Grayslake Resident
7:58 am on Wednesday, February 6, 2013
These layoffs are by two struggling companies and one that is facing a huge short-term revenue loss due to the Express Scripts debacle. Difficult for the affected workers to be sure. But these layoffs are a drop in the bucket compared to the impact that reducing gov't spending has and will continue to have. And it has to be done to get the deficit under control. Waiting a few more months to let the economy strengthen is useless when you are going to turn around and take 10s or hundreds of billion in Federal spending out of the economy. We need to get on with it.
George
2:51 pm on Monday, February 11, 2013
Boycott Walgreens: They get a 46million dollar tax break to create jobs in Illinois while at the same time outsourcing 200+ high end IT/Networking jobs from Mt. Prospect, Deerfield and Lincolnshire to India Company (TCS Tata Consulting Services). Illinois should revoke the tax break and Illinois consumers should exercise some responsibility and Boycott this company into the ground where they are driving their employees!