Virginia Layoffs — February 2016

Employers in Virginia reported 4 WARN Act notices in February 2016, displacing an estimated 536 workers — signaling a deceleration from January and down 28% versus February 2015. The average filing covered 134 workers, with 1 closure among the notices.

4
Notices Filed
536
Workers Affected
134
Avg per Notice
1
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2336

The Finance & Insurance sector topped the list of affected industries with 336 workers across 2 notices.

Geographic Hotspots

CountyNoticesWorkers
Bristol1200

Bristol bore the heaviest burden, accounting for 37% of all affected workers with 200 workers across 1 notices.

CityNoticesWorkers
Richmond & Lynchburg1336
Bristol1200
Purchase dataset for city details20

Layoff Type Analysis

TypeNoticesWorkers
Layoff1336
Closure1200

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

Largest Layoffs

CompanyCityWorkersTypeDate
Genworth FinancialRichmond & Lynchburg336Layoff2016-02-04
Ball North American Metal Beverage PackageBristol200Closure2016-02-23
Genworth FinancialPurchase dataset for city detailsN/A2016-02-04
Ball North American Metal Beverage PackagePurchase dataset for city detailsN/A2016-02-23

The most significant filing came from Genworth Financial at its Richmond & Lynchburg facility, reporting 336 affected workers. Ball North American Metal Beverage Package followed with 200 workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

The numbers illustrate a easing in workforce disruptions across Virginia, 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 Virginia. 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 Virginia WARN notices, browse layoffs by state, or download the full dataset.

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