2004 Manufacturing Mass Layoffs Are December Low

Jan. 26, 2005
For affected workers the statistics are little comfort. However, as percentages of total mass layoffs and workers affected, last months numbers in manufacturing are the lowest for any December since the U.S. Labor Department began compiling the data in ...

For affected workers the statistics are little comfort. However, as percentages of total mass layoffs and workers affected, last months numbers in manufacturing are the lowest for any December since the U.S. Labor Department began compiling the data in 1995. The department defines a mass layoff as one affecting at least 50 workers in a single establishment.

In December 2004, there were 436 mass layoffs affecting 50,726 workers among U.S. manufacturers. The numbers of workers affected were greatest in transportation equipment, food processing, and electrical equipment and appliance manufacturing, the Labor Department reported on Jan. 26.

Throughout the U.S. economy in December there were 1,614 mass layoffs affecting 161,271 employees.

For all of 2004, there were 15,890 mass layoffs across the country, affecting 1.607 million workers.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!