"Dow Chemical to cut about 130 [Greensboro] N.C. jobs as part of restructuring"

"Michigan-based Dow Chemical Co. said Tuesday that it will cut about 2,500 jobs and close its manufacturing facilities in Greensboro and Japan to achieve $400 million in savings from taking full control of Dow Corning Corp.

Expect little to any tax revenue impact analysis 

out of the News and Record or the Triad Business Journal, 

just like after the Lorillard layoff announcement

and the Miller Brewing announcement

The Greensboro site employs about 130 people, a spokesman told the Observer. Over the next two years, Dow Corning will move production from the Greensboro plant to other Dow Corning sites in North America."

http://www.charlotteobserver.com/news/business/article86372102.html#storylink=cpyhttp://www.charlotteobserver.com/news/business/article86372102.html#storylink=cpy
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Thursday, March 3, 2016; Mass layoffs coming to former Greensboro Lorillard plant

http://greensboroperformingarts.blogspot.com/2016/03/mass-layoffs-coming-to-former.html

Saturday, March 19, 2016; "20 positions cut at former Lorillard plant"; It's just the beginning

http://greensboroperformingarts.blogspot.com/2016/03/20-positions-cut-at-former-lorillard.html

Thursday, June 23, 2016; "When Carolina Bank becomes First Bank in about six months, the city will lose its only remaining locally-based bank"

http://greensboroperformingarts.blogspot.com/2016/06/when-carolina-bank-becomes-first-bank.html

Monday, February 22, 2016; 7/15/14 Lorillard Flashback; Reynolds Lorillard; Greensboro loses another corporate headquarters, and most likely a bunch of jobs

http://greensboroperformingarts.blogspot.com/2016/02/71514-lorillard-flashback-reynolds.html

Wednesday, May 11, 2016; There hasn't been so much clothing for sale since before 1992

http://greensboroperformingarts.blogspot.com/2016/05/there-hasnt-been-so-much-clothing-for.html

Thursday, April 21, 2016; "ITG [Lorillard] to cut 500 jobs", afternoon even lower earnings 'expectation' highlights most won't be aware of even if they read them, and math

http://greensboroperformingarts.blogspot.com/2016/04/itg-lorillard-to-cut-500-jobs-afternoon.html

Monday, June 6, 2016; How is it that the News and Record's Susan Ladd is all about nature, but hasn't written much, if anything, about hundreds of high paying Greensboro job losses?

http://greensboroperformingarts.blogspot.com/2016/06/how-is-it-that-news-and-records-susan.html

Thursday, June 2, 2016; We are being lied to; According to the NC Commerce Department, there were 5,845 layoffs announced through all of 2015, but 7,453 through May, 2016

http://greensboroperformingarts.blogspot.com/2016/06/we-are-being-lied-to-according-to-nc.html

Thursday, June 2, 2016; Once again Triangle Business Journal Staff Writer Lauren K. Ohnesorge misleads readers and the public on North Carolina layoff statistics

http://greensboroperformingarts.blogspot.com/2016/06/once-again-triangle-business-journal.html

Thursday, May 5, 2016; Business Journal's lipstick on a pig; "Mass layoffs in North Carolina slow down in April"; 7,041 masked April layoffs

http://greensboroperformingarts.blogspot.com/2016/05/business-journals-lipstick-on-pig-mass.html

Monday, February 15, 2016; Dear Jim Melvin and Greensboro's City Council; "Freightliner to lay off 1,250 employees in Mt. Holly [and] Cleveland", North Carolina

http://greensboroperformingarts.blogspot.com/2016/02/freightliner-to-lay-off-1250-employees.html

Saturday, February 6, 2016; Expect Layoffs; "Ralph Lauren to review ops after weak sales", Linked In and links

http://greensboroperformingarts.blogspot.com/2016/02/expect-layoffs-ralph-lauren-to-review.html

Thursday, February 4, 2016; "The highest retail total since January 2009"; Let's build a $78 million PAC, drop $2.5 mill at the airport and the same for a basketball court

http://greensboroperformingarts.blogspot.com/2016/02/the-highest-retail-total-since-january.html

Monday, September 14, 2015; Rockingham County takes it on the chin; "MillerCoors to close Eden plant"; Expect economic reverberations in Greensboro's Guilford County

http://greensboroperformingarts.blogspot.com/2015/09/rockingham-county-takes-it-on-chin.html

Saturday, January 24, 2015; BB&T Lays Off 1,440 Workers

http://greensboroperformingarts.blogspot.com/2015/01/bb-lays-off-1440-workers.html

"ITG [Lorillard] to cut 500 jobs", afternoon even lower earnings 'expectation' highlights most won't be aware of even if they read them, and math

"Up to 500 jobs will be cut in late June at the former Lorillard tobacco plant on East Market Street in Greensboro, according to an email from the company’s director of employee and labor relations.

500 x $25 per hour = $12,500

...“the company needs to reduce workforce by over 500 employees because of the loss of over 50% of our volume as the Reciprocal Manufacturing Agreement concludes.”

$12,500 x 40 = $500,000

http://yesweekly.com/blog-21253-mass-layoff-looming-at-former-lorillard-plant-in-greensboro.html

$500,000 x 52 weeks = $26,000,000 per year in lost income to our community

which Greensboro's City Council and staff knew was coming

That's not counting the multiples of jobs which are going to go along with them,

which conservatively, should be about another 500 lower paying jobs

Call it $40,000,000 in lost income to Guilford County,

not including the lost property tax revenue from the property

Will the News and Record ask for an estimate 

of how much less our property tax revenues will be lost?

Don't count on it.

Will Greensboro's City Council reevaluate the massive borrowing binge?

Doubt it. 

Expect the crime rate to spike even more.

And the local press welcomed the merger with platitudes

They got sold a bridge

Sears to close dozens of unprofitable stores this summer

The company said it will close 68 Kmart stores and 10 Sears stores

http://www.marketwatch.com/story/sears-to-close-dozens-of-unprofitable-stores-this-summer-2016-04-21

Schlumberger profit falls 49% as revenue slumps

http://www.marketwatch.com/story/schlumberger-profit-falls-49-as-revenue-slumps-2016-04-21-17485326

Alphabet [Google] Sales, Profit Miss...

...hurt by lackluster growth in some of the Internet search provider’s advertising businesses.

http://www.bloomberg.com/news/articles/2016-04-21/alphabet-sales-profit-miss-analysts-estimates-on-ad-weakness

Starbucks Sales Trail Estimates as Growth Slows in Americas

http://www.bloomberg.com/news/articles/2016-04-21/starbucks-sales-trail-estimates-as-growth-slows-in-americas

Microsoft Profit Misses Estimates on Weak PC Market, Tax Rate

http://www.bloomberg.com/news/articles/2016-04-21/microsoft-profit-misses-estimates-on-weak-pc-market-tax-rate

Travelers Misses Expectations

...a 17 percent drop in earnings for the first three months of the year

http://www.courant.com/business/connecticut-insurance/hc-travelers-earnings-20160421-story.html

BlackRock Q1 profit drops, misses expectations as it collects less in fees

http://www.usatoday.com/story/money/2016/04/14/blackrock-q1-profit-drops-misses-expectations-collects-less-fees/83022668/