Despite Strong Q1, Layoffs Ahead for Several GA Companies

Lay offs

Despite dropping vacancy rates and improved employment figures throughout the first quarter of 2014, 10 companies have notified the Georgia Department of Economic Development, Workforce Division that they plan to lay off a collective 1,100 workers in coming months. Some of the major layoffs are coming from Exelis, which is laying off 550 people beginning May 4th and Sanmina Corp., which will release 113 workers beginning in July. Hanjin Shipping, located in Alpharetta, will lay off 131 in June and Office Depot will release 118 in Norcross beginning May 23.

Although these are the figures that have been reported to the state by various companies, it does not necessarily mean that all of those employees will actually lose their jobs. Companies are required to report possible layoffs 60 days in advance, so a lot of these companies are reporting layoffs due to contract expirations when in reality those contracts will either be renewed before the time period or new contracts will be picked up to retain those workers.

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