Employers in New Jersey recorded 4 WARN Act notices in February 2013, covering approximately 654 workers — marking a decline from January and down 14% versus February 2012. The average filing covered 164 workers, with 0 closures among the notices.
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 356 |
The Finance & Insurance sector accounted for the largest share of job cuts with 356 workers across 1 notice.
| County | Notices | Workers |
|---|---|---|
| Bergen | 1 | 356 |
| Middlesex | 1 | 170 |
| Hudson | 1 | 45 |
Bergen bore the heaviest burden, accounting for 54% of all affected workers with 356 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Paramus | 1 | 356 |
| Port Reading | 1 | 170 |
| Yardley | 1 | 83 |
| Jersey City | 1 | 45 |
Layoff type classification was not available for filings in New Jersey this month.
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| M & T Bank | Paramus | 356 | 2013-02-01 | |
| Hess Corporation | Port Reading | 170 | 2013-02-01 | |
| Journal Register | Yardley | 83 | 2013-02-01 | |
| Knight Capital Group | Jersey City | 45 | 2013-02-01 |
Leading the list was M & T Bank at its Paramus facility, reporting 356 affected workers. Hess Corporation followed with 170 workers.
The filings reflect 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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