Ohio Layoffs — August 2013

Employers in Ohio logged 9 WARN Act notices in August 2013, involving roughly 2,391 workers — climbing above July and up 288% versus August 2012. The average filing covered 266 workers, with 0 closures among the notices.

9
Notices Filed
2,391
Workers Affected
266
Avg per Notice
0
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance61,365

The Finance & Insurance sector dominated layoff filings with 1,365 workers across 6 notices.

Geographic Hotspots

CountyNoticesWorkers
Cuyahoga31,107
Monroe1901
Franklin2191
Hamilton198
Butler163

Cuyahoga felt the sharpest impact, accounting for 46% of all affected workers with 1,107 workers across 3 notices.

CityNoticesWorkers
Beachwood1997
Hannibal1901
Columbus2191
Cincinnati198
West Chester163

Layoff Type Analysis

Layoff type classification was not available for filings in Ohio this month.

Largest Layoffs

CompanyCityWorkersTypeDate
Bank of AmericaBeachwood9972013-08-30
OrmetHannibal9012013-08-08
Bank of AmericaCincinnati982013-08-30
JPMorgan Chase (Mortgage Bank)Columbus972013-08-09
CSC WorldwideColumbus942013-08-09
Wells Fargo (Home Mortgage Northeast Retail Fulfillment Group)West Chester632013-08-08
Park View Federal Savings Bank (First National Bank)Solon572013-08-12
Bank of AmericaIndependence532013-08-30
General DynamicsSpringboro312013-08-14

The biggest impact was at Bank of America at its Beachwood facility, reporting 997 affected workers. Ormet followed with 901 workers.

Trend & Outlook

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

This data points to mounting pressure on the Ohio 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 Ohio. 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 Ohio WARN notices, browse layoffs by state, or download the full dataset.

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