And like true tax and spend liberals they are, they went for a 2% raise on individual and Corporate income tax, a hike that was warned would be bad for the states business climate.
And as predicted, businesses are starting to hemorrhaging jobs.
From the Chicago Tribune.
Kmart is among seven companies that have warned the state this month that they are planning closings or mass layoffs. Kmarts in Franklin Park, Ill., and Washington, Ill., will close, the company said, putting 144 employees out of work.
The Illinois Department of Commerce and Opportunity requires employers to provide 60 days notice of plant closures or mass layoffs. The law applies to businesses with 75 or more full-time workers.
Gold Standard Baking, Inc. will close a commercial bakery at 250 N. Washtenaw Ave. in Chicago, cutting 73 jobs by the end of March. 67 workers are expected to be laid off by the end of February at Itasca-based C. D. Listening Bar Inc., which sells DVDs, CDs, books and video games online at DeepDiscount.com.
AGI North America, LLC, a paperboard box manufacturing company in Jacksonville, is closing at the end of March, putting 70 employees out of work. Gray Interplant Systems, Inc. – a warehousing and storage company in Peoria and Mossville – is planning mass layoffs for the first two weeks in April, affecting 167 workers.
Additional layoffs were also announced at Silgan Plastics in Woodstock, Fulton Industries in Rockford, Novartis Pharmaceuticals Corp. in Schaumburg, ZipRealty, Inc. in Park Ridge and Material Control Inc. in North Aurora. The company Dynegy, Inc. is closing Vermilion Power Station in Oakwood, IL, putting 53 employees out of work.
