Employers in New York filed 44 WARN Act notices in December 2008, impacting roughly 6,201 workers — representing a notable rise over November and up 165% versus December 2007. The average filing covered 141 workers, with 28 closures among the notices.
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 5 | 2,463 |
| Manufacturing | 20 | 1,518 |
| Transportation | 5 | 491 |
| Professional Services | 2 | 293 |
| Information & Technology | 2 | 199 |
| Wholesale Trade | 2 | 191 |
| Other | 2 | 174 |
| Retail | 2 | 154 |
The Finance & Insurance sector led the way in workforce reductions with 2,463 workers across 5 notices. In a parallel development, Manufacturing reported 1,518 workers.
| County | Notices | Workers |
|---|---|---|
| New York | 12 | 3,702 |
| Erie | 4 | 738 |
| Suffolk | 4 | 300 |
| Dutchess | 3 | 190 |
| Schenectady | 1 | 175 |
New York saw the most concentrated activity, accounting for 60% of all affected workers with 3,702 workers across 12 notices.
| City | Notices | Workers |
|---|---|---|
| New York | 12 | 3,702 |
| West Seneca | 1 | 338 |
| Blasdell | 1 | 313 |
| Hauppauge | 2 | 199 |
| Glenville | 1 | 175 |
| Type | Notices | Workers |
|---|---|---|
| Layoff | 16 | 3,633 |
| Closure | 28 | 2,568 |
Closures accounted for 41% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Citigroup Inc. and its NY Subsidiaries | New York | 1,004 | Layoff | 2008-12-29 |
| Credit Suisse Securities (USA) LLC | New York | 759 | Layoff | 2008-12-16 |
| Morgan Stanley | New York | 590 | Layoff | 2008-12-08 |
| JP Morgan Chase Co | New York | 500 | Layoff | 2008-12-08 |
| Roadway Express (Parent co. YRC Worldwide) | West Seneca | 338 | Closure | 2008-12-30 |
| ArcelorMittal USA Inc | Blasdell | 313 | Closure | 2008-12-29 |
| Thacher Proffitt & Wood LLP | New York | 243 | Closure | 2008-12-23 |
| Goldman, Sachs & Co | New York | 200 | Layoff | 2008-12-11 |
| Antares Information Technologies Inc | Hauppauge | 199 | Closure | 2008-12-15 |
| Super Steel Schenectady Inc | Glenville | 175 | Closure | 2008-12-01 |
| Manpower Inc. (IBM) | Poughkeepsie | 135 | Layoff | 2008-12-24 |
| VOOM HD a subsidiary of Rainbow HD Holdings | New York | 134 | Closure | 2008-12-22 |
| DHL Express (USA), Inc | Inwood | 120 | Closure | 2008-12-05 |
| DHL Express (USA), Inc | Jamaica | 100 | Layoff | 2008-12-05 |
| Proctor and Gamble Pharmaceuticals, Inc | Norwich | 94 | Closure | 2008-12-15 |
The single largest action involved Citigroup Inc. and its NY Subsidiaries at its New York facility, reporting 1,004 affected workers. Credit Suisse Securities (USA) LLC followed with 759 workers.
After a dip last month, layoff activity has ticked back up.
The data underscores mounting pressure on the New York labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance 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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