Obama Economy: Thousands of Americans Losing Their Jobs as Factories Shutter, Move to Mexico

AP Photo/Paul Sakuma
AP Photo/Paul Sakuma

If you’re an American worker, Barack Obama is not your friend, especially as 2016 gets underway. Just this week, companies across the American landscape announced they were slashing hundreds jobs, one company is even moving those jobs to Mexico.

Examples include:

  1. On Wednesday, Cardone Industries, an auto parts manufacturer based in Philadelphia, announced it would cut over 1,300 employees from its two Philadelphia facilities.
  2. Southwestern Energy, based in Houston, Texas, is cutting 1,100 jobs; the company reported in 2014 that it had 2,780 employees. On Thursday, Southwestern reported to the government that none of its drilling rigs were in operation in 2016 and it expected its drilling activity to plunge.
  3. On Thursday, U.S. Steel reported that roughly 700 Lone Star Tubular Operations employees would be temporarily laid off.
  4. Most egregiously, on Wednesday, the Mondelez bakery in Chicago announced that it would lay off 277 more workers in Chicago, following its July announcement that 600 of the 1,200 jobs at the bakery would be cut while the company shifted its operations to Salinas, Mexico. On Tuesday, Laurie Guzzinati, a Mondelez spokeswoman, stated, “As the investment/transition progresses, we expect there will be additional impact to the Chicago bakery.”

It’s not just factories that are slashing jobs; even Tiffany, the high-class jeweler, announced this week that it would be cutting its staff.


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