North Carolina Layoffs — June 2014

Employers in North Carolina recorded 6 WARN Act notices in June 2014, covering approximately 1,020 workers — marking a sharp increase from May and up 11% versus June 2013. The average filing covered 170 workers, with 3 closures among the notices.

6
Notices Filed
1,020
Workers Affected
170
Avg per Notice
3
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2540
Manufacturing1102
Retail171

The Finance & Insurance sector accounted for the largest share of job cuts with 540 workers across 2 notices. At the same time, Manufacturing reported 102 workers.

Geographic Hotspots

CountyNoticesWorkers
Mecklenburg2540
Durham1167
Vance1140
Alamance1102
Guilford171

Mecklenburg was the epicenter of layoff activity, accounting for 53% of all affected workers with 540 workers across 2 notices.

CityNoticesWorkers
Charlotte2540
Durham1167
Kittrell1140
Goldsboro1102
High Point171

Layoff Type Analysis

TypeNoticesWorkers
Layoff3642
Closure3378

Closures accounted for 37% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Bank of AmericaCharlotte382Layoff2014-06-25
Datrose Industries, IncDurham167Closure2014-06-30
Bank of AmericaCharlotte158Layoff2014-06-25
Fluor Federal Solutions LLCKittrell140Closure2014-06-04
AAR Manufacturing GroupGoldsboro102Layoff2014-06-27
Kmart Store #7278High Point71Closure2014-06-12

Leading the list was Bank of America at its Charlotte facility, reporting 382 affected workers. Datrose Industries, Inc followed with 167 workers.

Trend & Outlook

This marks the third consecutive month of rising layoff activity.

The filings reflect mounting pressure on the North Carolina 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 North Carolina. 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 North Carolina WARN notices, browse layoffs by state, or download the full dataset.

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