New York Layoffs — November 2008

Employers in New York posted 21 WARN Act notices in November 2008, affecting an estimated 3,291 workers — reflecting a cooling compared to October and up 32% versus November 2007. The average filing covered 157 workers, with 12 closures among the notices.

21
Notices Filed
3,291
Workers Affected
157
Avg per Notice
12
Closures

Industry Breakdown

IndustryNoticesWorkers
Manufacturing71,295
Finance & Insurance51,073
Wholesale Trade1316
Other4241
Retail2186
Admin & Support Services191
Information & Technology189

The Manufacturing sector saw the heaviest impact with 1,295 workers across 7 notices. On a related front, Finance & Insurance reported 1,073 workers.

Geographic Hotspots

CountyNoticesWorkers
New York4859
Dutchess1512
Nassau2458
Erie3322
Hempstead1316

New York felt the sharpest impact, accounting for 26% of all affected workers with 859 workers across 4 notices.

CityNoticesWorkers
New York4859
Hopewell Junction1512
New Hyde Park1340
West Hempstead1316
Depew1225

Layoff Type Analysis

TypeNoticesWorkers
Layoff91,767
Closure121,524

Closures accounted for 46% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Goldman, Sachs & CoNew York700Layoff2008-11-07
NXP SemiconductorsHopewell Junction512Layoff2008-11-12
City and Suburban Delivery Systems, IncNew Hyde Park340Closure2008-11-07
National Wholesale LiquidatorsWest Hempstead316Closure2008-11-13
HSBC Mortgage Corporation (USA)Depew225Layoff2008-11-19
AJM Packaging CorporationBrentwood126Closure2008-11-21
BH S & B Holdings LLC (acquired certain assets of Steve & Barry's)Port Washington118Closure2008-11-19
DHL ExpressEast Syracuse115Closure2008-11-25
J & W SeligmanNew York113Closure2008-11-06
City and Suburban Delivery Systems, IncNew Rochelle101Closure2008-11-07
Computer Science Services CSCRensselaer98Layoff2008-11-25
Microdyne Outsourcing, IncBinghamton91Closure2008-11-10
Delavan Industries IncWest Seneca91Layoff2008-11-24
Unisys CorporationRochester89Layoff2008-11-26
National Gypsum-Wallboard DivisionEast Greenbush71Closure2008-11-21

The largest notice was filed by Goldman, Sachs & Co at its New York facility, reporting 700 affected workers. NXP Semiconductors followed with 512 workers.

Trend & Outlook

The trends suggest a mixed picture for New York's labor market, with activity diverging between monthly and annual comparisons. The Manufacturing sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by New York. 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 York WARN notices, browse layoffs by state, or download the full dataset.

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