ILLINOIS
COMPANIES ANNOUNCE 650 MASS LAYOFFS IN NOVEMBER
Illinois Policy Institute
Employers in the Land of Lincoln announced
650 mass layoffs in November, according to the November edition of the
Illinois Worker Adjustment and Retraining Notification, or WARN, report.
This report marks the first time since July 2015 that there wasn’t
single mass-layoff announcement in the manufacturing sector. The types
of jobs lost were spread across...
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Employers in the Land of Lincoln announced 650 mass layoffs in November,
according to the November edition of the Illinois Worker Adjustment and
Retraining Notification, or WARN, report. This report marks the first time since
July 2015 that there wasn’t single mass-layoff announcement in the manufacturing
sector.
The types of jobs lost were spread across a variety of industries including
retail, wholesale, vehicle leasing, warehousing and charter busing. Lake County
suffered the heaviest losses with 159 mass layoffs from a single employer:
PrimeSource Health Care Systems in Buffalo Grove, which specializes in
administrative management and general management consulting services.
PrimeSource Health Care Systems was also the largest single employer to announce
mass layoffs, the second being Ryder, a vehicle leasing and rental company in
Minooka, which handed pink slips to 142 workers.
Megabus also announced 108 layoffs related to the company’s downsizing in
Chicago, and Mondelez International, which has drastically decreased its
presence in Illinois, announced 18 more layoffs to come at the end of 2016.
The amount of mass layoffs decreased since the last WARN report in October,
which saw 812 mass layoffs, over half of which were in the manufacturing sector.
November saw the lowest amount of mass layoffs since June, with none in
manufacturing.
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By law, companies in Illinois must give their workers notice
ahead of time before mass layoffs, and the WARN report summarizes
these layoffs monthly. Although, not wholly indicative of the
condition of the state economy, WARN reports are a litmus test for
understanding the scope of mass layoffs on a monthly basis.
While November saw some considerable improvement when compared to
the past few months, it would be premature to celebrate. Illinois
still faces fundamental, structural problems costing the state jobs.
These include the most expensive workers’ compensation system in the
Midwest, some of the highest property taxes in the country and more
than $140 billion in unpaid bills and pension debt.
The need to implement pro-growth reforms is critical to retaining
and attracting jobs. The politicians of the Prairie State should
remember this especially now, as budget negotiations continue.
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