DATA REVEAL DIVERSITY OF EMPLOYERS.Byline: Enrique Rivero Daily News Staff Writer Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, The Boeing Co. and The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. are among the largest employers in the Southland, which has a healthy mix of public agencies and diverse businesses, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study by the Los Angeles Economic Development Corp. released Wednesday. The study of employers with 5,000 or more employees shows the ``diversity and stability'' of the economies in Los Angeles, Ventura, Orange, Riverside and San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. counties, said Jack Kyser, the agency's chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the . The largest single employer is Los Angeles County, with 86,616 employees, according to the report. It was also the No. 1 employer in 1996, when the LAEDC LAEDC Los Angeles Economic Development Corporation LAEDC Louisiana Economic Development Council last issued the survey. Among businesses, the top employer is The Boeing Co. with 33,700 workers, displacing 1996's largest business, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , which ranked 12 overall this year at 22,144. ``We find the overall number of employers in the area has stayed the same,'' Kyser said. ``It's just the roster of players has changed rather dramatically.'' For example, many companies that appeared near the top of the last report - Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. , McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. , First Interstate Bancorp First Interstate Bancorp was a bank based in the United States that was taken over in 1996 by Wells Fargo. It was headquartered in Los Angeles. The name has continued to be used in the banking world by used after the merger by First Interstate Bank who had been using the , Great Western Financial, Hughes Markets and FHP fhp or f.hp. abbr. friction horsepower International - have since been part of the mergers and acquisitions that have changed the local economy and are not on the latest list. The report, conducted every two or three years, is used by city and county governments and by companies considering a move into the area and seeking a quick picture of the local economy, Kyser said. Already, it's obvious the next report will have new faces. Bank of America parent BankAmerica Corp. and NationsBank agreed earlier this year to merge. Once the deal is complete, the BankAmerica name will disappear. And Washington Mutual is ranked 53rd overall on this year's list, one place behind H.F. Ahmanson & Co. Once Washington Mutual completes its purchase of Ahmanson later this year, the combined company will have 12,102, putting it 27th overall. Among industries, grocers and retailers dominate the list. Ralphs Grocery Co., which controls the Ralphs, Food 4 Less and Hughes Family Markets chains, is the third largest business with 25,523 employees. Safeway Inc., which employs 20,459 people at its Vons and Pavilions chains, is the seventh largest business in the Southland. And at 10,600 employees, Stater stat·er 1 n. A resident of a particular state or type of state. Often used in combination: Lone Star staters; farm staters; the struggle between slave staters and free staters. Noun 1. Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Markets is ranked at 32. Among retailers, Sears, Roebuck and Co. ranked 14th with 20,150 employees; Dayton-Hudson Corp., the parent of Target and Mervyns department stores, was No. 18 with 15,953 workers; Robinsons-May ranked 22nd with 15,000 employees; and Wal-Mart's 14,011 employees pushed it to No. 24. Kyser said that Wal-Mart's firm place in the list - it was also in the 1996 list, when it was 27th with 12,273 employees - is also surprising to many people. ``(People) just don't recognize that Wal-Mart is very aggressively moving into this market,'' Kyser said. Locally, the Bentonville, Ark.-based discount department store chain has a store in Valencia and just opened its first urban store in Panorama City. In addition, Simi Valley has approved a shopping center slated to include a Wal-Mart. BIG BUSINESS The list of top 10 nongovernmental employers has changed dramatically in two years, primarily because of mergers. '98 RANK (x) COMPANY EMPLOYEES '96 RANK (x) 6. Boeing Co. 33,700 NR Was not on 1996 list but bought McDonnell Douglas and a piece of Rockwell International in past two years 8. Kaiser Permanente 28,575 7. Oakland-based health maintenance organization added 4,412 employees in two years 9. Ralphs Grocery Co. 25,523 19. Parent company of Ralphs, Hughes and Food 4 Less grocery chains 10. American Stores Co. 23,525 9. Parent company of Lucky grocery and Sav-on Drugs chains 11. The Walt Disney Co. 23,225 15. Only Southland-based business in Top 10 12. BankAmerica Corp. 22,144 5. Shed 10,566 Southern California jobs since merger with First Interstate 13. Safeway Inc. 20,459 NR Recently bought Vons and Pavilions grocery chains 14. Sears, Roebuck & Co. 20,150 10. Retailer has shed 1,220 jobs in two years 15. Tenet Healthcare Corp. 19,455 NR Nation's second largest hospital chain 18. Dayton-Hudson Corp. 15,953 14. Parent company of Target and Mervyn's department stores (x) Including governmental employers. SOURCE: Los Angeles Economic Development Corp. CAPTION(S): Box BOX: BIG BUSINESS (see text) |
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