Rhode Island Layoffs — August 2010

Employers in Rhode Island submitted 3 WARN Act notices in August 2010, putting at risk an estimated 262 workers and up 524% versus August 2009. The average filing covered 87 workers, with 1 closure among the notices.

Industry Breakdown

Industry	Notices	Workers
Finance & Insurance	1	89

The Finance & Insurance sector emerged as the hardest-hit sector with 89 workers across 1 notice.

Geographic Hotspots

County	Notices	Workers
Kent	2	173
Providence	1	89

Kent saw the most concentrated activity, accounting for 66% of all affected workers with 173 workers across 2 notices.

City	Notices	Workers
East Greenwich	1	165
Lincoln	1	89
Warwick	1	8

Layoff Type Analysis

Type	Notices	Workers
Layoff	1	165
Closure	1	8

Closures accounted for 3% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

Company	City	Workers	Type	Date
Stanley Works Nail Dept	East Greenwich	165	Layoff	2010-08-20
Bank of America	Lincoln	89		2010-08-23
The Ski Market	Warwick	8	Closure	2010-08-02

Topping the list was Stanley Works Nail Dept at its East Greenwich facility, reporting 165 affected workers. Bank of America followed with 89 workers.

Trend & Outlook

After a dip last month, layoff activity has ticked back up.

These figures highlight mounting pressure on the Rhode Island 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 Rhode Island. 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 Rhode Island WARN notices, browse layoffs by state, or download the full dataset.