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Several metro-east companies were among those with layoffs last year. Over 19K Illinois workers were part of mass layoffs in 2023. These companies let people go
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
The WARN site in Illinois listed 503 workers being laid off from the East Moline plant, effective Sept. 30. Deere is based in Moline, one of the Iowa-Illinois Quad Cities.
Hardinge has since filed a WARN (Worker Adjustment and Retraining Notification) notice with the state Labor Department confirming the division will close, resulting in the layoff of all 31 employees.
The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
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(The Center Square) – Unemployment in Illinois climbed to 5.3% in October, making the state home to the third highest jobless rate in the country. All told, some 346,000 residents were left ...
(The Center Square) – Illinois legislators are done for the year, but they’ll be back in early January before the new General Assembly is seated. Republicans are issuing warnings. There were ...