Business First: Mass job cuts grew in Ohio during 3Q

Business First reports:

The number of Ohioans who lost their jobs through mass corporate cutbacks during the third quarter grew more than 20 percent from a year earlier as the pace of large firings jumped by more than half, the Bureau of Labor Statistics reported Tuesday.

Preliminary data from the bureau show 75 Ohio employers cut 50 workers or more – the agency’s definition of a mass reduction – from July through September, up from 49 cutbacks in the same period of 2008. The mass reductions resulted in 12,533 employee separations, up 23 percent from 10,187 a year earlier.

Ohio posted the sixth-highest total of worker separations for the quarter, the bureau said.

(Source: Business First Columbus, 11/10/09)