Maryland Layoffs — December 2013

Employers in Maryland recorded 4 WARN Act notices in December 2013, covering approximately 309 workers — marking a decline from November and up 32% versus December 2012. The average filing covered 77 workers, with 2 closures among the notices.

4
Notices Filed
309
Workers Affected
77
Avg per Notice
2
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance264

The Finance & Insurance sector accounted for the largest share of job cuts with 64 workers across 2 notices.

Geographic Hotspots

Geographic details were not available for filings in Maryland this month.

Layoff Type Analysis

TypeNoticesWorkers
Layoff2244
Closure265

Closures accounted for 21% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Saks Incorporated191Layoff2013-12-04
Worthington Industries54Closure2013-12-10
Baltimore County Savings Bank53Layoff2013-12-10
First National Bank11Closure2013-12-16

Leading the list was Saks Incorporated at its Maryland facility, reporting 191 affected workers. Worthington Industries followed with 54 workers.

Trend & Outlook

The filings reflect a mixed picture for Maryland's labor market, with activity diverging between monthly and annual comparisons. The Finance & Insurance sector warrants close attention heading into the next period.

This analysis is based on official WARN Act filings reported by Maryland. 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 Maryland WARN notices, browse layoffs by state, or download the full dataset.

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