New Jersey Layoffs — January 2004
Employers in New Jersey filed 3 WARN Act notices in January 2004, impacting roughly 289 workers. The average filing covered 96 workers, with 0 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 2 | 194 |
| Manufacturing | 1 | 95 |
The Finance & Insurance sector led the way in workforce reductions with 194 workers across 2 notices. In a parallel development, Manufacturing reported 95 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Somerset | 1 | 131 |
| Middlesex | 1 | 95 |
| Warren | 1 | 63 |
Somerset was the epicenter of layoff activity, accounting for 45% of all affected workers with 131 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Bridgewater | 1 | 131 |
| No. Brunswick | 1 | 95 |
| Phillipsburg | 1 | 63 |
Layoff Type Analysis
Layoff type classification was not available for filings in New Jersey this month.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Pnc Financial | Bridgewater | 131 | ||
| L’Oreal USA | No. Brunswick | 95 | ||
| Pnc Financial | Phillipsburg | 63 |
The single largest action involved Pnc Financial at its Bridgewater facility, reporting 131 affected workers. L’Oreal USA followed with 95 workers.
Trend & Outlook
After a dip last month, layoff activity has ticked back up.
The data underscores mounting pressure on the New Jersey labor market, with activity running above both recent and year-ago benchmarks. The Finance & Insurance sector warrants close attention heading into the next period.
This analysis is based on official WARN Act filings reported by New Jersey. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with 100+ employees to provide 60-day advance notice of mass layoffs and plant closings. Data is updated daily by WARN Firehose. View all New Jersey WARN notices, browse layoffs by state, or download the full dataset.