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Benefits November 6, 2001
Layoff Announcements Down But Not Much
November 6, 2001 (PLANSPONSOR.com) - American
employers announced plans to cut 242,192 jobs last month,
down from September's 248,332 but still the second highest
monthly tally this year, according to outplacement firm
Challenger, Gray and Christmas.
Reported by Nevin E. Adams
It was the third month out of the past four that announced job cuts exceeded 200,000. October’s total was 453% higher than a year ago, according to the report.
But it wasn’t the airlines that topped the announcement list this month, according to the report it was the telecommunications sector’s 42,347. Still, other five-figure reporting sectors cut a broad swathe, including:
- computer
- industrial goods
- automotive
- financial
- food
- leisure
- retail
However, the report noted signs of growth in defense, insurance, health care, energy and social services in the aftermath of the September 11 attacks.