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Mix-Ansicht- Challenger Report: 107.000 sollen weg, 45% mehr als im August - kingsolomon, 05.10.2004, 17:19
Challenger Report: 107.000 sollen weg, 45% mehr als im August
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NEW YORK (Dow Jones)--The number of job cuts announced in September jumped 45% from August and 41% from September 2003 to 107,863, Challenger, Gray & Christmas said Tuesday.
The biggest job losses were in the computer, transportation, telecommunications and consumer products industries, the group said.
The number of announced hirings in September, meanwhile, was 16,166 compared with 132,105 in August.
September's job cuts bring third-quarter layoffs to a total of 251,585, a 19.9% rise from the second quarter and 4% higher than the third quarter of 2003.
"Historically, the period from September 1 through December 31 is when we see the heaviest downsizing and this year appears to be on track to repeat that trend," said John Challenger, chief executive officer of Challenger, Gray & Christmas, in a statement.
"The return to six-figure job-cut levels paints a grim picture for ongoing economic growth, as such activity is generally considered a measure of how companies view future business conditions," he said.
The report is an anecdotal, non-statistical tally of job-cut announcements that are reported in major media outlets. The report focuses only on job-cut announcements, not actual layoffs, and it doesn't take into account new hires or internal transfers at companies that have announced layoffs.
Challenger, Gray & Christmas Inc., a Chicago-based outplacement company, tracks layoff announcements and releases its Challenger Employment report monthly.
-By Agnes T. Crane, Dow Jones Newswires, 201-938-2122; agnes.crane@dowjones.co
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