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NEW WORKPLACE WORRY: LAYOFF REPEATERS! OVER 1 IN 5

 NEW YORK, Oct. 6 /PRNewswire/ -- More than one out of five employers announcing layoffs in September have previously made cutbacks in 1993, according to the monthly Challenger Employment Report released today by Challenger, Gray & Christmas, Inc., an international outplacement company.
 Twenty-one percent of the employers announcing layoffs in this period have downsized three, four and even five times since Jan. 1.
 48,786 layoffs were announced in September, third highest of the year. In August the figure was 46,964. Layoffs in September averaged 2,323 per business day compared to 2,135 per business day in August.
 Layoffs from January through September total 449,364.
 According to James E. Challenger, president of Challenger, Gray & Christmas, Inc. (312-332-5790):
 "Current studies indicate that as employers become more experienced in downsizing, they also become more selective in determining who will be laid off. Those whose jobs are least associated with making money have the most to fear.
 "Large layoffs are still the order of the day, but employers are approaching them on a more individual basis. Employers are placing primary value now on those workers whose jobs are close to the company's income stream and are making direct contributions to profitability.
 "The company emphasizing more selectivity in layoffs will likely be even more selective in adding new workers."
 Here are the September statistics:
 -- For the first time this year, the communications industry topped the industry layoff list. Only four communications employers contributed to almost one-third of the total layoffs announced in September.
 -- The largest September cutback in any industry was the 9,000 announced by U.S. West, Inc. Other communications industry cutbacks were announced by GTE Corporation, 2,600; Southwestern Bell Telephone, 1,500; and AT&T, 96.
 -- A distant second on the September industry layoff list was chemical, 8,540, followed by transportation, 7,500, and pharmaceutical, 3,158.
 -- For the first time in 1993, the aerospace industry is not ranked in the top four on the industry layoff list. In September, the aerospace industry ranked tenth on the industry layoff list.
 -- Twenty-one percent of the employers announcing layoffs in September are Fortune 500 employers.
 -- Sixty-seven employers announced layoffs in September.
 -- Pharmaceutical industry layoffs totaled 3,158 in September compared to 3,240 in August. Bristol-Myers Squibb Company announced 2,600; Bergen Brunswig Corporation announced 500, and Cytogen Corporation, 58.
 -- The Eastern states continued to top the corporate headquarters layoff announcement list in September.
 A distant second on the September layoff list was the Western region, followed by the Southern region and the Midwest.
 The Challenger Employment Report represents ongoing research conducted by Challenger, Gray & Christmas, Inc., an international outplacement consulting firm. The Challenger Employment Report is published monthly and includes comprehensive information on announced layoffs nationwide. Quarterly, six-month and annual reports are also issued. The report contains charts and graphs, and individual employer listings by corporate headquarters location as well as industry, state and regional rankings. All announcements of layoffs by employers are confirmed directly with the employer before being listed in the Challenger Employment Report.
 -0- 10/6/93
 /CONTACT: Kristen Izydor of Ruder Finn, 312-644-8600/


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Publication:PR Newswire
Date:Oct 6, 1993
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