Rhode Island Layoffs — October 2010
Employers in Rhode Island recorded 2 WARN Act notices in October 2010, covering approximately 115 workers and up 44% versus October 2009. The average filing covered 58 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 89 |
| Manufacturing | 1 | 26 |
The Finance & Insurance sector accounted for the largest share of job cuts with 89 workers across 1 notice. At the same time, Manufacturing reported 26 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Providence | 1 | 89 |
| Kent | 1 | 26 |
Providence bore the heaviest burden, accounting for 77% of all affected workers with 89 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Lincoln | 1 | 89 |
| East Greenwich | 1 | 26 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Layoff | 2 | 115 |
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Bank of America | Lincoln | 89 | Layoff | |
| Stanley Works Nail Dept | East Greenwich | 26 | Layoff |
Leading the list was Bank of America at its Lincoln facility, reporting 89 affected workers. Stanley Works Nail Dept followed with 26 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The filings reflect 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.