Several state departments and programs are feeling the pinch from Governor McGreevey's layoff of about 600 state employees.
It has temporarily stopped building compact pickup trucks in Shreveport, La., and engines for those trucks in Tonawanda, N.Y., causing the layoff of about 850 workers.
Mr. White said the reforms the city wanted would increase the number of unsatisfactory teachers subject to layoff to about 2,000.
"Maybe a 30-year layoff is about right".
Gathmann et al. (2017) exploit regional variation to find spillover effects of mass layoffs are about 35% of local employment losses stem from spillover effects in plants not directly affected by the mass layoff (55% after a decade).
The layoffs cost about $120 million in severance, said Stephen Crawford, the chief financial officer.
So far, Nortel has carried out 23,000 of 30,000 planned layoffs, about one-third of its work force.
Fearing huge layoffs, about three-fourths of the banks' 23,000 union workers struck on Dec. 22, protesting the banks' plan to merge in June.
Last month, with the first layoffs about to take effect, union leaders reached an agreement with the governor to shorten the contract from five years to four and to change how workers are compensated for furlough days.
Besides the Canoga Park layoffs, about 50 workers in Sacramento and another 50 elsewhere in the U.S. will be let go.
The idling would result in the temporary layoff of about 2,800 of the 5,200 workers at the plant.
