Mass layoffs down in Indiana so far in 2019
MUNSTER, Ind. (AP) — New data from state officials show the number of mass layoffs in Indiana has fallen so far this year compared to the same time last year.
According to the Indiana Department of Workforce Development, during the first two months of 2019 Indiana companies reported four mass layoffs through the Workers Adjustment and Retraining Notification Act. The (Northwest Indiana) Times reports that’s down from 15 at the same time last year and 10 at the same time in 2017.
Department data show 432 Indiana workers lost jobs in mass layoffs so far this year. That’s compared with 2,626 workers during January and February of 2018 and more than 3,000 during the same time in 2017. The newspaper reports January and February are common times for mass layoffs as companies try to cut costs if they’re struggling while entering a new fiscal year.
Information from: The Times, http://www.nwitimes.com