Connecticut Layoffs — August 2016

Employers in Connecticut filed 8 WARN Act notices in August 2016, impacting roughly 1,290 workers — representing a notable rise over July and up 2% versus August 2015. The average filing covered 161 workers, with 3 closures among the notices.

8
Notices Filed
1,290
Workers Affected
161
Avg per Notice
3
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance238

The Finance & Insurance sector led the way in workforce reductions with 38 workers across 2 notices.

Geographic Hotspots

CountyNoticesWorkers
Fairfield61,212
New London278

Fairfield absorbed the greatest share of layoffs, accounting for 94% of all affected workers with 1,212 workers across 6 notices.

CityNoticesWorkers
Shelton2964
Stratford2210
Mystic278
Stamford238

Layoff Type Analysis

TypeNoticesWorkers
Closure3626
Layoff119

Closures accounted for 49% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
CSC Holdings, LLCShelton482Closure2016-08-09
CSC Holdings, LLCShelton4822016-08-09
CSC Holdings, LLCStratford105Closure2016-08-09
CSC Holdings, LLCStratford1052016-08-09
MonsantoMystic39Closure2016-08-29
MonsantoMystic392016-08-29
Royal Bank of Scotland, Plc and RBS Securities Inc. (Updated Notice)Stamford19Layoff2016-08-25
Royal Bank of Scotland Plc and RBS Securities IncStamford192016-08-25

The single largest action involved CSC Holdings, LLC at its Shelton facility, reporting 482 affected workers. CSC Holdings, LLC followed with 482 workers.

Trend & Outlook

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

The data underscores mounting pressure on the Connecticut 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 Connecticut. 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 Connecticut WARN notices, browse layoffs by state, or download the full dataset.

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