With Election 2014 just around the corner, and the gubernatorial race between Governor Dannel Malloy and Tom Foley in full force, the latest report released on September 30, 2014 by the Connecticut Department of Labor – Office of Research, entitled the September 2014 – Business & Employment Changes Announced in the News Media, is far from good news. The reason being, this report that is updated monthly and released to the public, unfortunately, continues to paint an extremely unhealthy picture of the Connecticut economy and the lack of any significant job growth.
The three companies announcing layoffs that will happen before the end of the year will total 475 jobs lost: REM Connecticut Community Services with multiple locations, 342 employee layoffs. Kmart is closing their Torrington location, 73 employee layoffs. Best Buy is closing their Meriden location, 60 employee layoffs.
Only three companies are reporting expansion plans in Connecticut within the year, for a total of 368 new jobs.
By Alicia Sakal
Article originally appeared in Examiner: Company layoffs outnumber new jobs in Connecticut for September
Contributed Photo: Connecticut Department of Labor