Intellizence publishes monthly trends about major layoffs in companies every month. The following are some of the mass layoff announcements by leading companies as recorded in the Intellizence Layoff Dataset for the month of June 2021.
BBVA, a Spanish multinational financial services company, has reached an agreement with unions to lay off 2,935 employees in Spain, around 12.6% of its banking workforce in its home market. The adjustment plan is to ensure the competitiveness and sustainability of future employment in the company.
Marathon Petroleum (2000)
Marathon Petroleum laid off nearly 2,000 workers, about 9% of its workforce, across the U.S. despite taking more than $2 billion in federal tax bailouts meant to soften the blow of the pandemic.
Viatris, formerly known as Mylan Pharmaceuticals, is closing its manufacturing facility in Morgantown, West Virginia, eliminating more than 1,400 jobs. The majority of employees will be laid off on July 31, the day the manufacturing plant is scheduled to stop operations.
General Mills (1400)
General Mills, manufacturer, and marketer of branded consumer foods is to lay off 700 to 800 US and Canada jobs, and 500 to 600 international jobs. In a filing with the U.S. Securities and Exchanges Commission, General Mills said it expects to incur about $160 million in restructuring costs.
Norwegian Air (975)
Norwegian Air has changed its plans to dismiss 1,191 employees, or 85% of its workforce in Spain, and has reduced the required number of required redundancies to 975, according to the Unión Sindical Obrera (USO). The airline, which emerged from bankruptcy last month, has reached an agreement with Spanish unions, to retain 234 jobs at its bases in Alicante and Malaga, allowing these bases to stay open.
Kansas-based Cerner, an American supplier of health information technology services, devices, and hardware, is eliminating 500 positions across its global workforce. The company comprises 13,000 workers across its Kansas City-based campus and about 26,000 employees across the globe.
US Monthly Unemployment Trend – June 2021
According to the US Govt. Labor statistics, total nonfarm payroll employment rose by 850,000 in June, and the unemployment rate was little changed at 5.9 percent. Both the unemployment rate, and the number of unemployed persons, at 9.5 million were little changed in June.
- Notable job gains were in leisure and hospitality, in public and private education, professional and business services, retail trade, and other services.
- Employment rose by 155,000 in local government education, by 75,000 in state government education, and by 39,000 in private education.
- Employment rose in temporary help services (+33,000), advertising and related services (+8,000), scientific research and development services (+7,000), and legal services (+6,000). While retail trade added 67,000 jobs.
The data is based on layoff announcements found in the public domain like popular news sources and WARN Filings. WARN filings are considered only for the US states that publish the data.
Source: Intellizence Layoff Dataset