New Jersey Layoffs — December 2007

Employers in New Jersey reported 6 WARN Act notices in December 2007, displacing an estimated 220 workers — signaling a deceleration from November and down 91% versus December 2006. The average filing covered 37 workers, with 0 closures among the notices.

6
Notices Filed
220
Workers Affected
37
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance150
Information & Technology147

The Finance & Insurance sector topped the list of affected industries with 50 workers across 1 notice. Notably, Information & Technology reported 47 workers.

Geographic Hotspots

CountyNoticesWorkers
Monmouth190
Burlington150
Bergen17

Monmouth bore the heaviest burden, accounting for 41% of all affected workers with 90 workers across 1 notices.

CityNoticesWorkers
Asbury Park190
Marlton150
East Windsor147
Statewide226
Teterboro17

Layoff Type Analysis

Layoff type classification was not available for filings in New Jersey this month.

Largest Layoffs

CompanyCityWorkersTypeDate
CetecAsbury Park902007-12-01
Popular FinancialMarlton502007-12-01
Phyton BiotechEast Windsor472007-12-01
Ideal MerchandisingStatewide222007-12-01
HoneywellTeterboro72007-12-01
FloorserveStatewide42007-12-01

The most significant filing came from Cetec at its Asbury Park facility, reporting 90 affected workers. Popular Financial followed with 50 workers.

Trend & Outlook

The numbers illustrate a easing in workforce disruptions across New Jersey, with filings falling below both recent and year-ago levels. The Finance & Insurance sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by New Jersey. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New Jersey WARN notices, browse layoffs by state, or download the full dataset.

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