Iowa Layoffs — August 2016

Employers in Iowa reported 26 WARN Act notices in August 2016, displacing an estimated 1,250 workers — signaling an acceleration from July and up 144% versus August 2015. The average filing covered 48 workers, with 3 closures among the notices.

26
Notices Filed
1,250
Workers Affected
48
Avg per Notice
3
Closures

Industry Breakdown

IndustryNoticesWorkers
Finance & Insurance2166
Manufacturing488
Healthcare426

The Finance & Insurance sector topped the list of affected industries with 166 workers across 2 notices. Notably, Manufacturing reported 88 workers.

Geographic Hotspots

CountyNoticesWorkers
Allamakee4256
Clayton2250
Black Hawk2230
Polk4182
Washington488

Allamakee felt the sharpest impact, accounting for 20% of all affected workers with 256 workers across 4 notices.

CityNoticesWorkers
Lansing4256
Monona2250
Waterloo2230
West Des Moines2166
Washington488

Layoff Type Analysis

TypeNoticesWorkers
Layoff5259
Closure3173

Closures accounted for 14% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Commercial Vehicle GroupMonona125Closure2016-08-24
Commercial Vehicle Group, IncMonona1252016-08-24
John Deere Waterloo WorksWaterloo115Layoff2016-08-22
John DeereWaterloo1152016-08-22
Guide One Mutual InsuranceWest Des Moines83Layoff2016-08-05
Guide One Mutual InsuranceWest Des Moines832016-08-05
Blumenthal LansingLansing642016-08-11
Blumenthal LansingLansing642016-08-11
Blumenthal LansingLansing642016-08-18
Blumenthal LansingLansing642016-08-18
Best BuyCouncil Bluffs43Closure2016-08-15
Best BuyCouncil Bluffs432016-08-15
Modine ManufacturingWashington412016-08-12
Modine ManufacturingWashington412016-08-12
John Deere Davenport WorksDavenport30Layoff2016-08-22

The most significant filing came from Commercial Vehicle Group at its Monona facility, reporting 125 affected workers. Commercial Vehicle Group, Inc followed with 125 workers.

Trend & Outlook

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

The numbers illustrate mounting pressure on the Iowa 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 Iowa. 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 Iowa WARN notices, browse layoffs by state, or download the full dataset.

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