Planned Layoffs Surged in September to 29-Month High
The number of planned job cuts in the U.S. soared to a 29-month high in September, exacerbated by layoffs at Bank of America and cutbacks by the U.S. military, a report said.
Related Articles
Citic Sec falls as much as 10.5 percent in HK debut
Volcker Rule Draft Gives Banks Ability to Hedge
Citic Securities falls 10 percent in $1.7billion HK debut
Global outplacement firm Challenger, Gray & Christmas Inc. reported that job cuts totaled 115,730 in the month -- the highest such figure since April 2009 – and more than double the 51,114 announced in August.
In April 2009, 132,590 job cuts were unveiled.
By comparison, only 37,151 job cuts were announced in September of last year.
“Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lie ahead as the federal government seeks across-the-board cuts in spending,” Challenger said.
Moreover, Challenger noted that the September 2011 surge raised the number of job cuts announced in the third quarter to 233,258, the highest quarterly number since the third quarter of 2009.
0 comments:
Post a Comment