Connecticut Layoffs — February 2017

Employers in Connecticut recorded 4 WARN Act notices in February 2017, covering approximately 204 workers — marking a decline from January and down 59% versus February 2016. The average filing covered 51 workers, with 1 closure among the notices.

4
Notices Filed
204
Workers Affected
51
Avg per Notice
1
Closures

Industry Breakdown

IndustryNoticesWorkers
Manufacturing2184
Finance & Insurance220

The Manufacturing sector accounted for the largest share of job cuts with 184 workers across 2 notices. At the same time, Finance & Insurance reported 20 workers.

Geographic Hotspots

CountyNoticesWorkers
Middlesex2184
Fairfield220

Middlesex bore the heaviest burden, accounting for 90% of all affected workers with 184 workers across 2 notices.

CityNoticesWorkers
Old Saybrook2184
Stamford220

Layoff Type Analysis

TypeNoticesWorkers
Closure192
Layoff110

Closures accounted for 45% of affected workers, while the majority of filings were layoffs rather than permanent shutdowns.

Largest Layoffs

CompanyCityWorkersTypeDate
Fortune PlasticsOld Saybrook92Closure2017-02-21
Fortune PlasticsOld Saybrook922017-02-21
Royal Bank of Scotland, Plc and RBS Securities Inc. (Updated Notice)Stamford10Layoff2017-02-16
Royal Bank of Scotland Plc and RBS Securities IncStamford102017-02-16

Leading the list was Fortune Plastics at its Old Saybrook facility, reporting 92 affected workers. Fortune Plastics followed with 92 workers.

Trend & Outlook

This is the third consecutive month of declining layoff activity.

The filings reflect a easing in workforce disruptions across Connecticut, with filings falling below both recent and year-ago levels. The Manufacturing 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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