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Labor Statistics

Long Island Region, February 2006

Firm Expansions and Contractions

Business Expansions

Company

County

# Jobs

Article Date

Comments

Brookhaven National Laboratory Suffolk 02-07-2006 Next year's proposed federal budget restored funding for Brookhaven National Laboratory Relativistic Ion Colider ending the need to layoff as many as 95 employees. The proposed 2007 budget will give BNL $45 million - $25 million for research and development and $20 million for preliminary engineering and design - for preparatory work on a second national synchrotron light source (NSLS-II) that BNL hopes to build at the lab. NSLS-II's siting is still uncertain, however; the Department of Energy will announce later this year whether the device will be built at BNL or elsewhere. (Newsday – February 7, 2006)
CPI Aerostructures Suffolk 02-02-2006 Edgewood (Suffolk)-based CPI Aerostructures received an $5 million order from the U.S. Airforce to produce a variety of aircraft parts. This latest order is part of a contract signed by the company with the Air Force in 2004, which is valued at up to $215 million over the seven-year life of the contract. (LI Business News, February 2, 2006)
EDO Corporation Suffolk 02-01-2006 EDO Corp. has won a $30 million contract to provide sonar equipment to Lockhead Martin for four Spanish submarines. (Long Island Business News – February 1, 2006)
North Shore-Long Island Jewish Health System Nassau 02-10-2006 Lake Success (Nassau)-based North Shore-Long Island Jewish Health System opened a $17 million, 37,000 square foot cancer center at i.Park in Lake Success. The Monter Cancer Center features 32 private chemotherapy treatment stations and 23 exam and consultation rooms and will begin accepting patients in March 2006. The hospital also plans to open a kidney transplant program, which will initially perform about 30 transplants a year, with the eventual goal of 80 per year. (Newsday February 10, 2006)
Northrop Grumman Corp Nassau 02-21-2006 Northrop Grumman Corp. and General Dynamics Corp. are competing for one of the largest homeland security contracts ever awarded: a $2.5 billion award to design sensors to catch illegal immigrants, drug smugglers or terrorists at the U.S. borders. If Grumman wins the contract it will add more employees, but the company would not specify how many. (Newsday – February 21, 2006)
Work 'n Gear Nassau 02-21-2006 Work n’Gear, a uniform and work gear chain headquartered in Massachusetts, plans to open several new stores on Long Island to keep up with the growing demand for uniforms among healthcare, restaurant, construction workers and other blue-collar workers. (Newsday – February 21, 2006)
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Business Contractions

Company County # Jobs Article Date Comments
Arrow Electronics Suffolk 02-03-2006 Melville (Suffolk) – based Arrow Electronics, Inc. will lay off 19 employees by July 14, 2006. (WARN Notice – February 3, 2006)
Federal Aviation Administration Nassau 02-23-2006 The air traffic controllers union is claiming that the Federal Aviation Administration plans to hire fewer controllers this year, a move it believes will affect passenger safety. The union said the FAA will hire 949 controllers, 300 fewer that the 1,249 it had targeted to take on this year. (Newsday – February 23, 2006)
KeySpan Corporation Nassau 02-27-2006 Brooklyn-based KeySpan Corp., which supplies natural gas to all of Long Island and generates most of the region’s power, announced on Monday that it has agreed to a buyout by London-based National Grid for $7.3 billion. KeySpan is currently the largest natural gas distributor in the northeast and the largest electric generator in New York State. National Grid owns other New York facilities, including Niagara Mohawk, and will now be the third-largest energy company in the U.S. The purchase will reportedly not affect current employment contracts. The change in ownership will allow the Long Island Power Authority (LIPA), which manages the electric transmission for the Long Island area, to reassess its current long-term contract with KeySpan, now scheduled to last through 2013. (Long Island Business News – February 27, 2006)
Krispy Kreme Nassau 02-27-2006 Krispy Kreme Donuts is closing its East Meadow (Nassau) store. The company’s Hicksville (Nassau) store closed in July 2005; the Melville and Riverhead (both Suffolk) locations remain open. Analysts cited competition with Dunkin Donuts, which offers a wider selection of beverages, to explain Krispy Kreme’s decline in sales. (Newsday – February 22, 2006)
Photocircuits Corporation Nassau 1000(Est.) 02-23-2006 Citing stiff competition from Asia, particularly China, Photocircuits Corp., which touts itself as the worlds first printed circuit company, filed for Chapter 11 bankruptcy protection this month. The company, which tallied sales of $235 million in 2004, has fallen far off that pace this year and has already laid off 70 people at its of Glen Cove (Nassau County) headquarters. The company's future is uncertain. (Long Island Business News, October 14-20, 2005) UPDATE: American Pacific Financial Corp, new owners of printed circuit-board maker Photocircuits in Glen Cove (Nassau), agreed in court to save salaried positions but reportedly will not guarantee job security for the company's 940 hourly workers. (Newsday 02-23-06)
Treasure Island Nassau 22 02-01-2006 Furniture store Treasure Island will close its Carle Place (Nassau) store as part of a move to close 16 stores in March 2006 due to competition. (Long Island Business News – February 1, 2006)
Treasure Island Suffolk 9 02-01-2006 Furniture store Treasure Island will close its Huntington Station (Suffolk) store as part of a move to close 16 stores in March 2006 due to competition. (Long Island Business News – February 1, 2006)
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Run Date: 03-20-2006

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