Mass Layoffs in Ohio
The Worker Adjustment Retraining Notification (WARN) Act protects workers, their families, and their communities by requiring employers to give notice 60 days before plant closings and mass layoffs. This advance notice gives workers time to search for new jobs or obtain job retraining. Relatively few WARN notices were issued in 2005:IQ, and even fewer in 2005:IIQ. The number of workers affected likewise fell.
Suggested citation: "Mass Layoffs in Ohio," Federal Reserve Bank of Cleveland, Economic Trends, no. 05-10, pp. 15-16, 10.01.2005.