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Poor 1st quarter for Hasbro Games; company announces 150 'temporary' layoffs now permanent
The Republican ^

Posted on 04/27/2012 1:16:56 PM PDT by matt04

Two days after posting lowered earnings for the first quarter of 2012, Hasbro Games reportedly will not recall approximately 150 union employees who had been out on temporary layoffs. The employees received notification earlier this week that their layoffs would now be considered permanent.

The company, which said the East Longmeadow facility “has been operating very efficiently” with a workforce of about 330 unionized employees. “Hasbro expects this facility will continue to operate at this level of employment, which means that we will not be recalling certain employees who have been out on temporary layoff.”

Hasbro Inc. posted a first-quarter loss on Monday, weighed down by costs related to staff cuts and weak sales of “My Littlest Pet Shop” miniatures and other girl’s toys. Results from the maker of Monopoly and Transformers missed Wall Street estimates, and its shares fell over 5 percent.

According to the quarterly report, revenue also slumped, sliding 3.4 percent to $648.9 million compared to the first quarter a year ago. International markets increased 14 percent from a year ago, but sales in the United States and Canada, however, dove 16 percent to $329 million.

(Excerpt) Read more at masslive.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Massachusetts
KEYWORDS: eastlongmeadow; hasbro; layoffs; unions
How's that Hope and Change working out to these union members?
1 posted on 04/27/2012 1:17:00 PM PDT by matt04
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To: matt04

That’s Life..........I guess they don’t have a Monopoly on success.............


2 posted on 04/27/2012 1:18:27 PM PDT by Red Badger (Think logically. Act normally.................)
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To: matt04

No fun and games under Bark Obama.


3 posted on 04/27/2012 1:22:52 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: matt04

Do you think this means 150 more votes against OBummer?


4 posted on 04/27/2012 1:24:53 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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This is additional background info explaining Monte Cook’s decision to bail on WOTC as a DnD Next/5e designer. They will probably push 5e out way before it is ready/play tested.


5 posted on 04/27/2012 1:28:05 PM PDT by vollmond (I'm an issues voter. If you're a Democrat, I've got issues.)
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To: Red Badger

Poor Hasbro... nothing but Trouble and Headache.


6 posted on 04/27/2012 1:31:49 PM PDT by Charles Martel (Endeavor to persevere...)
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To: SandRat

“Do you think this means 150 more votes against OBummer?”

Union members now on the dole?

Nope, 150 MORE votes for Obama.


7 posted on 04/27/2012 1:32:24 PM PDT by brownsfan (Aldous Huxley and Mike Judge were right.)
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To: matt04

Been years since I played any boardgames...........wonder why......


8 posted on 04/27/2012 1:32:39 PM PDT by yield 2 the right ( Space blank until I come up with a nice Tagline.)
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To: SandRat
Do you think this means 150 more votes against OBummer?

They'll vote 0bama under the expectations of lifetime unemployment at a higher rate than their previous wages.

9 posted on 04/27/2012 1:32:48 PM PDT by EGPWS (Trust in God, question everyone else)
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To: SandRat
“Do you think this means 150 more votes against OBummer?”

Oh No!! They will send EPA there to crucify five of the management team so the company will be easy to control and do the WH bidding. They'll be back and reimbursed lost wages, doncha know!

10 posted on 04/27/2012 1:32:58 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: elpadre

Or maybe Hasbro will be deemed too big to fail and need to be taken over by the government.


11 posted on 04/27/2012 1:35:47 PM PDT by Josa
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To: Charles Martel

12 posted on 04/27/2012 1:38:05 PM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: SandRat
"Do you think this means 150 more votes against OBummer?"

Well when you subject this economic news to the Liberal R/D Formula you can see if its good for the economy.

Hasbro laying off 150 people and the President is a "R" works like this: 150 UE +(POTUS = "R")= Worst Economy in "X" number of years ["X" = number of years since the Great Depression Ended]

Hasbro Laying off 150 People and the President is a "D" works like this: 150 UE +(POTUS = "D")= 150 more Stimulus Checks and the President saved or created "X" number of jobs. [Wherein "X' = whatever number the Liberals pull out of their collective asses)

13 posted on 04/27/2012 1:50:07 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Charles Martel

I guess they were caught in their own Mousetrap.........


14 posted on 04/27/2012 1:52:48 PM PDT by Red Badger (Think logically. Act normally.................)
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To: Red Badger

So hasbro is a union shop?

Will keep that in mind next time I buy a game (not theirs).


15 posted on 04/27/2012 1:57:34 PM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: matt04
It's their own fault for allowing a horrible movie about a classic game that was never meant to have a story behind it.


16 posted on 04/27/2012 2:05:37 PM PDT by Marko413
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To: matt04
I don't Understand, are these FACTORY jobs? I thought everything had been shipped over to China?

Are these Office Jobs, like they coordinate the Shipping?

Or are these the Internal Affairs people who pull stuff off of Youtube and think up new ways to tick off their fans?

17 posted on 04/27/2012 2:11:07 PM PDT by KC_Lion (A Romney victory means that the socialistsÂ’ takeover of both parties is now complete)
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To: matt04

Never fear. President Etch-a-Sketch is on the way!


18 posted on 04/27/2012 2:48:08 PM PDT by OrangeHoof (Evil never reveals the truth until it's too late to flee.)
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To: SandRat

“Do you think this means 150 more votes against OBummer?”

Take the 150 and multiply it by the average number of voting-age family members and close friends. The math doesn’t look good for our clean black man without a Negro accent...


19 posted on 04/27/2012 3:09:12 PM PDT by kearnyirish2
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To: brownsfan

“Union members now on the dole? Nope, 150 MORE votes for Obama.”

I don’t think so; going on the dole is a drop in standard of living, and these people will probably not get jobs that apid as well elsewhere. The dole is a clock ticking, and there is no way these people are better off than 4 years ago (when they still had relative security).


20 posted on 04/27/2012 3:11:57 PM PDT by kearnyirish2
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To: yield 2 the right

“Been years since I played any boardgames...........wonder why......”

Yeah, does anyone even do “game night” anymore? Maybe somewhere in the world where they don’t have cell coverage and broadband :)

The closest I get to playing board games is when I go to a certain bar maybe once a month... they have Trivial Pursuit cards on the bar, and my buddies love to try and stump me. Of course, the set is from 1986 or something, so you’ve got to be careful with the geography questions! (”Nope, you’re wrong... the answer is Yugoslavia”)


21 posted on 04/27/2012 3:46:40 PM PDT by Boogieman
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