Virginia Layoffs — January 2015
Employers in Virginia submitted 5 WARN Act notices in January 2015, putting at risk an estimated 595 workers — up substantially from December and up 36% versus January 2014. The average filing covered 119 workers, with 3 closures among the notices.
Industry Breakdown
| Industry | Notices | Workers |
|---|---|---|
| Finance & Insurance | 1 | 202 |
| Utilities | 1 | 151 |
| Mining & Energy | 1 | 120 |
| Healthcare | 1 | 77 |
| Information & Technology | 1 | 45 |
The Finance & Insurance sector emerged as the hardest-hit sector with 202 workers across 1 notice. Separately, Utilities reported 151 workers.
Geographic Hotspots
| County | Notices | Workers |
|---|---|---|
| Norfolk City | 1 | 202 |
| Buchanan | 1 | 151 |
| Greensville | 1 | 120 |
| Chesterfield | 1 | 77 |
| Virginia Beach | 1 | 45 |
Norfolk City felt the sharpest impact, accounting for 34% of all affected workers with 202 workers across 1 notices.
| City | Notices | Workers |
|---|---|---|
| Norfolk | 1 | 202 |
| Oakwood | 1 | 151 |
| Stony Creek | 1 | 120 |
| Richmond | 1 | 77 |
| Virignia Beach | 1 | 45 |
Layoff Type Analysis
| Type | Notices | Workers |
|---|---|---|
| Closure | 3 | 348 |
| Layoff | 2 | 247 |
The high proportion of closures (58% of affected workers) suggests structural shifts rather than temporary cutbacks in Virginia's labor market.
Largest Layoffs
| Company | City | Workers | Type | Date |
|---|---|---|---|---|
| Bank of America | Norfolk | 202 | Layoff | |
| Suncoke Energy | Oakwood | 151 | Closure | |
| Iluka Resources | Stony Creek | 120 | Closure | |
| Concord Hospitality Enterprises | Richmond | 77 | Closure | |
| Tyonek Services Group | Virignia Beach | 45 | Layoff |
Topping the list was Bank of America at its Norfolk facility, reporting 202 affected workers. Suncoke Energy followed with 151 workers.
Trend & Outlook
This marks the third consecutive month of rising layoff activity.
These figures highlight mounting pressure on the Virginia 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 Virginia. 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 Virginia WARN notices, browse layoffs by state, or download the full dataset.